Last Friday marked the end of the AlliedOffsets Fantasy Carbon Trading League, closing out three seasons of risk-free, data-driven trading in the voluntary carbon market.
The league was created to offer a practical way to engage with carbon market dynamics using real project data, live prices, and AlliedOffsets’ Quality Normalization signals, giving participants a structured environment to compare credits, test strategies, and track performance over time, without investing real money.
For Seasons 2 and 3, we ran the league in partnership with Carbon Pulse, helping bring the game to a wider carbon market audience.
How the game worked
Each season, participants started with $10,000 in virtual capital and built a portfolio of voluntary carbon credits. Trades were submitted weekly, and portfolio values updated in line with market pricing.
The format enabled players to:
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Assess project-level data when selecting credits
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Use Quality Normalization to compare credits on a like-for-like basis
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Monitor portfolio performance through the season
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Benchmark results against peers via the live leaderboard
All trading was simulated, meaning the learning and competition were real, but the financial risk wasn’t.
Season 3 participation
With 59 participants taking part in season 3. Across the season, portfolios reflected a range of approaches to credit selection and portfolio construction, with results shaped by both strategy and market movement.
Season 3: Final results
Season 3 of the AlliedOffsets Fantasy Carbon Trading League has officially come to an end.
At the end of the season, Matthew Kerr emerged at the top of the leaderboard with a final portfolio value of $19,756.11 marking the second time he’s won the league.
With a well-executed strategy and consistent performance throughout, Matthew takes home the trophy as our Season 3 Champion.
You can view the final leaderboard below to see how the season played out.
Fantasy Carbon Trading League Leaderboard
Well done again, Matthew 👏