Sustainability and carbon market news

Amazon Web Services (AWS) retired 156,000 tonnes of carbon dioxide equivalent (tCO2e) in carbon credits within a single week, making it one of the most significant single-period retirement events recorded on the American Carbon Registry (ACR). The...

As COP30 drew to a close, Amazon has reaffirmed its commitment to afforestation, reforestation and revegetation (ARR) as a core pillar of its carbon removals strategy, signalling continued confidence in nature-based solutions even as debates around...

Brazil has taken a significant step in global forest protection by becoming the first nation to invest in the newly created Tropical Forests Forever Facility (TFFF). President Luis Inácio Lula da Silva announced the $1 billion investment during the...

Brazil has announced a significant new push in its ongoing Amazon Restoration programme, opening a $26 million (BRL150 million) public call to fund reforestation projects in Indigenous territories. This marks the third such call since the...

A coalition of major corporations, including Amazon, ExxonMobil, and Microsoft, has launched a new initiative to address concerns over the credibility of the voluntary carbon market (VCM). The move comes as the sector faces increasing scrutiny over...

In a landmark collaboration unveiled during COP29 in Baku, Azerbaijan, Verra and the state of Amazonas, Brazil, have signed a Memorandum of Understanding (MOU) to revolutionise regional carbon markets. The agreement, finalised on 13 November, aims...

Brazil’s National Development Bank (BNDES) has approved a record-breaking $154.9 million (BRL 882 million) in funding for Amazon conservation and reforestation projects in 2024. This unprecedented allocation surpasses last year’s high of $96 million...

Amazon, alongside five major companies, has committed to a $180 million deal to purchase carbon credits aimed at preserving the Amazon Rainforest in Brazil's Para state. This landmark agreement represents a significant push in the global effort to...

The World Bank has launched a groundbreaking $225 million bond to support reforestation in Brazil's Amazon rainforest. This nine-year bond, set to mature in 2033, represents the largest outcome bond ever priced by the global lender. Investors are...

MonteCCer, the Brazilian coffee co-op, is stirring up the coffee industry with its groundbreaking sale of carbon-neutral arabica coffee. The debut shipment, facilitated by coffee trader Volcafe and destined for Japan, reaped a substantial price...

Microsoft is set to acquire a substantial 1.5 million carbon removal credits to restore deforested land in the Amazon. This colossal deal signifies Microsoft's most ambitious venture to date in the realm of nature-based carbon credits, highlighting...

Petrobras, the state-controlled Brazilian oil giant, has taken a momentous step in its battle against carbon emissions with a landmark acquisition of carbon credits. These credits are equivalent to 175,000 tonnes of greenhouse gas emissions avoided...

The Amazon Rainforest has been subject to devastating deforestation for decades. Cattle ranching and industrial agriculture have been the main culprits behind the destruction of the region, accounting for over 80% of deforestation. These economic...

The Amazon Rainforest, renowned as the world's ‘lungs,’ is undergoing a significant transformation. It faces concerns over its contribution to carbon emissions due to deforestation and wildfires. Questions have been raised regarding the Amazon's...

The Brazilian government has announced that the city of Belém will serve as the host for the 30th Conference of the Parties (COP30) on climate change in November 2025. Belém, often referred to as the gateway to the Amazon River and Rainforest, was...

Deforestation in the Brazilian Amazon has hit its lowest level since 2019, according to data from the National Institute for Space Research (INPE) DETER-B space programme. In April, an aggregated area of 288 square kilometres was deforested, down...

Amazon has announced the development of its new carbon credit label, ABACUS Verified Carbon Unit (VCU), which it claims goes above and beyond current methodologies, focusing on ensuring additionality, leakage, and durability standards. The label is...