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Sustainability and carbon market news

Stay up to date with the latest sustainability news, carbon market insights, and environmental regulation updates shaping the future of business.

From companies' net zero journeys and ESG reporting to evolving frameworks like CSRD and SBTi, explore the trends and regulatory changes driving corporate sustainability worldwide.

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Nature conservation Nature-based solutions Canada
Canadian hemp firm takes full control of carbon platform

Canadian agri-tech company Hempalta has acquired full ownership of the Hemp Carbon Standard (HCS), cementing its position in the voluntary carbon market. The company purchased the remaining 49.9% stake in the digital carbon platform from UK-based ClimaFi for $63,544 (CAD90,000). Farmers working in an industrial hemp field in Canada. Ai generated picture. This acquisition builds on Hempalta’s initial 50.1% purchase earlier this year, enhancing its capacity to deliver carbon credits derived from industrial hemp farming. Full control of HCS...

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Biodiversity Nature conservation Canada
Ontario’s $12.5m boost to conservation

In a significant move to protect biodiversity, the Canadian government has announced an investment of over $12.5 million to conserve more than 1,600 hectares of land, primarily in southern Ontario. This initiative, supported through the Canada...

Nature-based solutions Nature restoration Canada
Aviva and NCC forge $6M alliance for Canada's natural resilience

Aviva has embarked on a transformative partnership with the Nature Conservancy of Canada (NCC), pledging nearly $4 million to enhance conservation and nature-based carbon removal initiatives across Canada. This investment, spread over seven years,...

Carbon offsetting Net zero Governments Canada
Canada pledges $135M to carbon removal in eco-forward budget

Canada has taken a bold step in its environmental commitment by earmarking $135 million for carbon removal technologies in its 2024 budget. The update, which was subtly noted in a footnote of the federal budget document, marks a significant...

Nature conservation Forest Canada
British Columbia's $300 million fund to safeguard old-growth forests

In a bid to protect its pristine natural landscapes, the government of British Columbia has introduced a groundbreaking initiative: the Conservation Financing Mechanism. This visionary project, boasting a substantial budget of $300 million,...

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