COP28 failed to deliver the expected progress on Article 6, which is meant to support the development of global carbon markets. Consequently, the voluntary carbon market is regrouping around the question of quality, which has been impacting issuances, retirements and price trends. Will the sector be able to regain momentum? Simultaneously, national carbon compliance programs are being developed in key countries of the Global South, even as more established carbon markets are being strengthened and projected across borders. Will these different trends and markets converge? Can COP29 deliver progress for carbon markets?