Sustainability and carbon market news

Carbon methodology development gathered pace in recent weeks, with three separate bodies approving new and revised standards for forestry, agroforestry, rice, and biochar projects across voluntary and national markets. A farmer applying biochar to...

Buyers recorded their strongest quarter yet for carbon dioxide removal (CDR) in the second quarter of 2026, committing to a record 2.1 million tonnes of carbon dioxide (MtCO2), according to a new market review from ClimeFi. The total marks an...

The Greenhouse Gas Protocol (GHGP) and the International Organization for Standardization (ISO) will combine their carbon accounting standards into a single approach for companies to account for their emissions. Professionals analysing corporate...

Spot prices for CORSIA-eligible credits jumped within days, as policymakers eased planned quality rules for the scheme’s first compliance phase and extended its role in international aviation policy through to 2035. The moves reverse months of...

The carbon market is being reshaped by a clear shift towards quality. Buyers are paying more for higher-integrity credits, the standards behind those credits are tightening, and new sources of demand are opening as corporate and compliance...

The 2026 FIFA World Cup could generate over 9 million tonnes of carbon dioxide equivalent (CO₂e), according to a new report from the New Weather Institute. The projection would make the tournament the highest-emitting World Cup on record, roughly...

Carbon credit retirements have accelerated across multiple distinct market segments, with a landmark US energy company transaction, a milestone for the carbon dioxide removal (CDR) sector, and compliance-driven activity in South Africa providing a...

Amazon has opened its carbon credit platform to qualified businesses in the United Kingdom, marking the first international expansion of the programme since its US launch in 2025. A professional workspace featuring the Amazon Sustainability Exchange...

IATA has launched the Supporting Alliance for CORSIA EEU Supply, a new coalition tasked with resolving a growing shortage of eligible carbon credits under the aviation sector’s international carbon compensation scheme. Aerial view of a busy...

Public revenues from carbon pricing reached $107 billion in 2025, tripling over the past decade, according to the World Bank's State and Trends of Carbon Pricing 2026 report. A biodiverse rainforest illustrating nature-based carbon credits. AI...

The Science-Based Targets Initiative (SBTi) will release guidance on the use of carbon credits and market mechanisms by the end of 2026's follow-on year, as part of a newly published strategy covering the 2026–2030 period. A man reviewing ESG data...

The European Commission has opened a public consultation on draft rules clarifying how carbon prices paid outside the European Union will reduce importers' obligations under the Carbon Border Adjustment Mechanism (CBAM). The proposal recognises, for...

South Korea is making a concerted push to develop its domestic verified carbon market, pairing new institutional infrastructure with planned legislation to bring structure and scale to carbon credit activity in the country. The Korean Voluntary...

Climate Impact Partners, Green Earth, and a multinational pharmaceutical company today announced a long-term offtake agreement for the full volume (in excess of 1.5 million tonnes) of expected verified carbon credits from the Mount Kenya...

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...

The voluntary carbon market opened 2026 with a clear signal: buyers are choosing quality over quantity. New data from carbon market analytics firm Sylvera shows that credit retirements fell 8% year on year in Q1 2026, reaching 51 million from 55.3...

Norway and Pakistan have formalised a bilateral cooperation agreement on carbon markets under Article 6.2 of the Paris Agreement, marking Pakistan's first such deal. Norwegian and Pakistani business leaders discuss sustainable agriculture projects...

Tokyo's carbon credit programme enters a new phase in the fiscal year 2026 (FY2026), with the Tokyo Metropolitan Government (TMG) opening applications for its Carbon Credit Utilisation Promotion Project. The scheme, first introduced in FY2025,...

Three of Europe's largest energy companies—Eni, TotalEnergies, and Engie—posted record carbon credit activity in 2025, with nature-based solutions (NbS) at the centre of each company's strategy. The announcements, each disclosed in annual ESG or...

The voluntary carbon market (VCM) is currently undergoing a structural shift toward high-integrity assets, and a recent development in Nigeria marks a pivotal moment in this transition. For the first time, the US-based standard Verra has issued...

The European Commission has adopted the first certification methodologies under the Carbon Removals and Carbon Farming (CRCF) Regulation, establishing what it describes as the world’s first voluntary standard dedicated to permanent carbon removals....

Project-based carbon credit trading was valued at between $800 million and $900 million in 2025, according to updated findings from an annual survey by Climate Focus, underscoring the continued recalibration of voluntary carbon markets amid pricing...

A new initiative is taking shape in the voluntary carbon market as a group of industry specialists moves to establish a buyer-driven coalition aimed at scaling finance for projects that target companies known as super pollutants. These...

Inter IKEA Group has taken a significant step in advancing its long-term carbon removal strategy by initiating its first large-scale nature-based carbon dioxide removal (CDR) project. Developed as part of the company’s global $108 million commitment...

European Union officials have reached a landmark political agreement on the bloc’s 2040 environmental framework, setting a collective ambition to cut net emissions by 90% from 1990 levels and defining how international carbon credits may contribute...

The UK could soon require airlines to purchase carbon dioxide removal (CDR) credits under a binding compliance mechanism, according to a comprehensive review of the country’s greenhouse gas removal (GGR) policies. The independent review, led by...

A coalition of 30 institutional investors controlling over $3 trillion in assets is demanding urgent policy measures to halt deforestation and ecosystem loss by 2030, warning that the world’s economies face mounting financial risks from unchecked...

European Union leaders have agreed that international carbon credits should play a role in the bloc’s upcoming 2040 environmental target, marking a pivotal moment for future demand in the carbon market. However, the final target level remains...

A European project has achieved a market first by issuing verified CO₂ removal credits (CDRs) from asphalt enhanced with biochar, with prices exceeding €300 ($347) per tonne of CO₂ equivalent. The credits were certified under the Finland-based...

China’s nationwide emissions trading system (ETS) is expected to undergo a dramatic expansion over the next five years, according to a new report by the World Economic Forum (WEF) and Bain & Company. The analysis suggests the market could grow to as...

The International Air Transport Association (IATA) has sharply revised its forecast for airlines’ carbon credit requirements under the current phase of CORSIA, the aviation sector’s global decarbonisation scheme. According to the updated outlook,...

Netflix has entered into a 15-year agreement to purchase verified carbon credits from the American Forest Foundation (AFF), backing an ambitious reforestation initiative across the southern United States. Two people watching TV in their apartment...

The UK government has released its Greenhouse Gas Removals (GGR) Business Model, a long-anticipated framework aimed at scaling up carbon removal technologies and supporting the country’s net-zero strategy. Published in August, the plan sets out...

South Korea is moving forward with plans to establish a voluntary carbon market exchange, with the launch targeted for later this year. The initiative, announced by the Ministry of Economy and Finance, is designed to boost demand for carbon credits...

The carbon offset market is entering a new chapter, marked by higher quality, greater transparency, and stronger alignment with corporate net-zero ambitions. While demand slowed after 2021 due to questions over the credibility of some projects, the...

A growing body of research is reaffirming what leading carbon project developers already know: The social integrity of greenhouse gas programmes is as vital as their ecological performance. A new paper by the Center for International Forestry...

The cost of carbon credits under the UN's Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) could spike to as much as $60 per tonne of CO₂ equivalent (tCO₂e) during the current compliance phase, according to new analysis by...

Nestlé has inked two long-term agreements to purchase carbon credits from afforestation and regenerative agriculture projects in Brazil, strengthening its strategy to decarbonise supply chains and restore ecosystems critical to cocoa production....

The European Commission (EC) has unveiled a new environmental proposal that could significantly reshape the voluntary carbon market landscape. If adopted, the European Union could become the world’s largest buyer of UN-recognised carbon credits,...

A new report by SCB Group reveals that the voluntary carbon market (VCM) is entering a period of renewed activity, spurred by regulatory momentum and shifting demand patterns. Covering the second quarter of 2025, the report highlights a notable 28%...

Uzbekistan has introduced a new law that paves the way for the creation and international trade of carbon credits, marking a significant step in the country’s environmental policy. Signed by President Shavkat Mirziyoyev, the ‘Law on Limiting...

Brazil has reached a new milestone in the carbon markets with the country’s first issuance of soil carbon credits under Verra’s VM0042 methodology, a development that signals growing momentum for agriculture-based removals in emerging markets....

The World Bank’s Multilateral Investment Guarantee Agency (MIGA) has introduced a new insurance framework designed to reduce investor risk in the UN’s emerging carbon market under Article 6 of the Paris Agreement. This marks a significant move to...

In 2024, Saudi Aramco retired its highest number of carbon credits (mostly nature-based solutions-derived) to date, offsetting over 600,000 tonnes of carbon dioxide equivalent (tCO₂e) through a combination of crude oil cargo initiatives and broader...

Demand is climbing fast for carbon credits tied to high-integrity reforestation and ecosystem restoration. Tech giants like Microsoft and Google are leading the charge, backing afforestation, reforestation, and revegetation (ARR) projects with price...

Microsoft has struck a major deal to secure 18 million carbon dioxide removal (CDR) credits, continuing its aggressive push to meet its 2030 carbon-negative target. The agreement, announced on 15 May, underscores Microsoft's leadership in the...

Lithuanian regenerative agriculture firm InSoil has announced the launch of a €50 million private credit fund aimed at helping European farmers transition to environmentally-friendly agricultural practices. Backed by a €20 million investment from...

Microsoft has significantly expanded its carbon removal portfolio in 2024, making waves with a trio of deals that together represent one of the largest commitments to engineered carbon removal to date. These agreements, spanning reforestation,...

Apple significantly increased its use of carbon credits in 2024, retiring 737,100 tonnes of CO₂ equivalent—its highest level on record. These offsets were applied to its corporate carbon footprint, which includes emissions from direct operations,...

Vietnam is moving closer to finalising the rules for its upcoming emissions trading scheme (ETS), and early signals suggest the government is leaning toward increased flexibility for participating companies. Entities covered under the scheme may be...

Chile’s carbon tax framework witnessed a dramatic increase in offset usage last year, with companies retiring over 4.4 million carbon credits in 2024—marking a sharp rise from just 260,000 tonnes in 2023, which was the policy’s inaugural year....

Integrating carbon pricing into biomass value chains could offer a financial boost to efforts aimed at clearing invasive alien trees, a new report suggests. Published by the Commonwealth Forestry Association, the study explores how carbon incentives...

Airlines could face a carbon credit bill of up to 150 million tonnes during the first phase of the aviation sector’s emissions offsetting scheme, according to the International Civil Aviation Organization (ICAO). The programme, known as CORSIA...

Amazon has launched a new service allowing qualified companies to purchase high-integrity carbon credits through its Sustainability Exchange, an online hub designed to support corporate decarbonisation efforts. The move is part of Amazon’s broader...

BMW Group has taken its first steps into biochar-based carbon removal, retiring 25,000 tonnes of CO2 (tCO2e) credits last year as part of its broader environmental strategy. The German automaker aims to offset up to 10% of its emissions by 2050...

Tech giant Apple has taken a new step in its sustainability efforts by retiring 100,000 jurisdictional carbon credits sourced from Guyana’s nationwide forest protection initiative. This marks the first time the company has utilised credits issued...

Singapore is set to take a significant step in its carbon reduction strategy by purchasing its first batch of compliant carbon credits. The move aligns with its broader plan to meet Nationally Determined Contributions (NDCs) under the Paris...

Ghana is taking a significant step in the international carbon market, with plans to sell over a third of its carbon credits under Article 6 of the Paris Agreement. President John Mahama announced that 5.2 million tonnes of CO2 (tCO2) equivalent...

TikTok is making a major move toward sustainability, committing to remove 5,100 tonnes of CO₂ from the atmosphere by 2030. This bold initiative reflects a growing recognition of the platform’s environmental footprint, as its global video-streaming...

The voluntary carbon market (VCM) experienced an unprecedented surge in 2024, with $16.3 billion invested across the sector, according to Abatable’s latest report. This marked an 18-fold increase in the total value of carbon credit retirements,...

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...

The Mercedes-AMG Petronas Formula One (F1) team has invested in forest-based carbon removal (CDR) projects through a new collaboration announced on 13 February. The partnership will support large-scale reforestation efforts in the Southeastern...

Google has significantly expanded its commitment to carbon dioxide removals (CDRs), securing nearly 800,000 tonnes of CO2 removals (tCO2e) to date. The company, which has been actively involved in both direct purchases and buyers' coalitions, has...

Lego is advancing its sustainability strategy with a $2.63 million investment in carbon removal, backing projects that actively remove CO2 from the atmosphere. This commitment reinforces the company’s long-term goal of reducing its environmental...

Tesla’s latest earnings report highlights a striking contrast: while profits decreased, its carbon credit revenue soared to record levels. The company posted $8.4 billion in net income for 2024, marking a 23% drop from the previous year and a 40%...

Microsoft has reinforced its position as the largest buyer of carbon dioxide removal (CDR) credits with a new agreement to acquire 7 million credits. The credits will be supplied over a 25-year period, marking one of the most substantial offtakes of...

Japan is emerging as a leader in the carbon credit market, committing $70 billion to achieve net-zero emissions by 2050. The nation’s strategy combines economic growth with environmental action, focusing on renewable energy, carbon capture, and...

Microsoft has taken a bold step toward sustainability by restoring degraded lands across the Amazon and Atlantic Forests. This decision secures 3.5 million carbon credits over 25 years, aiming to counteract the surging emissions driven by the rapid...

Verra has introduced its CORSIA Label Guidance, aimed at simplifying the process for aviation carbon credit compliance. This move follows a significant milestone in December 2024 when the United Nations International Civil Aviation Organization...

Shell and Microsoft have emerged as the largest buyers in the voluntary carbon market (VCM) in 2024, according to the Allied Offsets report. Despite sharing the goal of mitigating emissions, their approaches reveal stark differences in priorities...

A new report from Sylvera, a carbon data platform, reveals a growing willingness among carbon credit buyers to pay higher prices for projects delivering robust environmental benefits. This shift comes as the voluntary carbon market grapples with...

The World Carbon Fund (WCF) achieved a positive return of +6.22% in 2024, outperforming compliance carbon markets for the fifth consecutive year, according to an investment update released Friday. Ground-level view of a wooded field with lush green...

The global carbon credit market, which rose up to $1.4 billion in 2024, is predicted to experience substantial growth in the coming years. Recent projections suggest its value could rise to between $7 and $35 billion by 2030 and potentially reach...

Japan has initiated a consultation process to better align its Joint Crediting Mechanism (JCM) with the carbon market rules outlined under Article 6 of the Paris Agreement. This move follows decisions made at COP29 in Baku, where global standards...

The global carbon credit market is projected to experience significant growth starting in 2025, according to a new report by MSCI. The market, valued at $1.5 billion in 2024, is forecast to surge to $35 billion by 2030 and potentially reach $200...

November saw a 10-month high in voluntary carbon credit retirements, with 15.8 million tonnes of CO2 equivalent (tCO2e) retired—a 7% increase compared to November 2023, according to a recent analysis of major carbon credit registries. This growth...

The aviation industry is bracing for a major shift as a predicted shortfall in CORSIA-eligible carbon credits threatens to drive prices as high as $50 per tonne of CO2, according to a new report by MSCI. Analysts estimate a supply gap of up to 40...

A new UN-sanctioned carbon credit system, the Paris Agreement Crediting Mechanism (PACM), could expand the global carbon credit market to eight times its current size, potentially generating $12 billion in value annually by 2030, according to Guy...

The International Civil Aviation Organization (ICAO) has granted eligibility to four additional carbon standards for its Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). The newly approved programmes—Gold Standard, Verra,...

Verra, a prominent US-based carbon registry, has released an updated version of its avoided unplanned deforestation module, known as VMD0055. This revision follows a recent public consultation and aims to refine the framework for accounting...

The latest EY report on the 2024 Global Voluntary Carbon Market outlines critical shifts in carbon credit dynamics, indicating a potential surge in prices and an increasing focus on high-integrity credits. By 2035, prices could reach $75–125 per...

A Portuguese government agency, Adene, has launched an online portal for the country’s forthcoming domestic voluntary carbon market (VCM). The platform enables project developers to submit proposals aimed at reducing or removing carbon dioxide...

Isometric, a science-powered carbon registry, has introduced a new reforestation protocol designed to enhance the transparency and reliability of nature-based carbon removal. This comes in response to the increasing demand for accurate carbon...

China's carbon market has hit a significant milestone, with carbon permits rising to an all-time high of $14.62 (103.49 yuan) per tonne. This 35% price increase, observed since the start of 2024, is largely driven by tighter regulations and...

Gold Standard, a leading carbon registry organisation, has announced a new pilot programme to test digital Measurement, Reporting, and Verification (dMRV) solutions. The initiative aims to streamline and enhance the accuracy of reporting for carbon...

Australia has seen a record rise in new forestry-based carbon credit projects this year, driven by big emitters and an impending expiration of an existing method. According to the Clean Energy Regulator (CER), environmental planting (EP) project...

Nigeria and South Africa are taking a significant step toward strengthening carbon markets in Africa. The Nigerian Securities and Exchange Commission (SEC), Nigerian Exchange Group (NGX), and Johannesburg Stock Exchange (JSE) have joined forces to...

Azerbaijan’s Foreign Minister, Jeyhun Bayramov, has revealed the core agenda for the upcoming COP29 climate summit, set to take place from 11 to 22 November 2024, in Baku. Speaking at the 79th United Nations General Assembly, Bayramov outlined key...

Climate Week NYC 2024 highlighted major strides in carbon management, with pledges to triple nuclear energy funding, the establishment of a US green banks forum, and several new carbon removal agreements. These deals underscore the growing...

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 Science Based Targets initiative (SBTi) may soon open the door for companies to use carbon credits to meet their voluntary climate goals, according to Guy Turner, head of ESG ratings at MSCI. Speaking at Climate Week NYC 2024, Turner hinted that...

During Climate Week NYC in September, Abatable, a leading provider of carbon market solutions, unveiled its 2024 Voluntary Carbon Market (VCM) Investment Attractiveness Index. The Index ranks the top five countries for carbon credit investments...

US-based Vanderstyn Asset Management has launched a $25 million Green Carbon Fund, designed to give individual investors access to the carbon credit market and the opportunity to capitalise on the rising demand and prices of carbon credits....

In a significant move to stabilise the carbon credit market, the US Commodity Futures Trading Commission (CFTC) has introduced the first federal guidelines for unregulated carbon offsets. This step, backed by the Biden administration, aims to...

Google has announced a significant new partnership in its ongoing sustainability efforts, purchasing 50,000 metric tonnes of nature-based carbon credits from Brazilian startup Mombak. This move marks a notable shift in Google’s carbon removal...

Meta, the parent company of Facebook and Instagram, has committed to purchasing up to 3.9 million carbon credits from BTG Pactual's forestry division by 2038. This move marks Meta’s most significant single-project carbon removal deal to date,...

The sixth annual report on the environmental progress of the Fortune Global 500 reveals a significant increase in nature commitments among the world's largest companies. Despite external pressures and rising scrutiny, these companies are forging...

Northern Trust has officially launched its blockchain-based platform, the Northern Trust Carbon Ecosystem, facilitating institutional carbon credit transactions. This platform enables institutional buyers to digitally purchase and retire carbon...

Microsoft has made another significant move in corporate carbon removal efforts with its purchase of 234,000 carbon dioxide removal (CDR) credits from a forest restoration project in southern Mexico. The credits, developed by Toroto under the...

EcoSafi, a company specialising in biomass-fuelled cookstoves, has made headlines with a significant carbon credit deal from its clean cooking project in Kenya. The credits have been sold for as much as $35 per tonne of CO2, significantly higher...

Supercritical, a leading carbon removal marketplace, has partnered with biochar producer Exomad Green to offer corporate buyers exclusive carbon credits. This collaboration will provide access to 100% of Exomad's 2024 biochar credits, which are...

An ambitious carbon project in Ethiopia has been added to Verra’s Verified Carbon Standard registry. Developed by a Netherlands-based group, the initiative aims to restore 12,000 hectares of native forest in the country’s mountainous regions,...

The New Zealand government has taken decisive action to curb carbon emissions by significantly reducing the number of carbon credits available for auction. Climate Change Minister Simon Watts announced that the government would cut the number of...

The Guyana Government has announced a significant increase in the share of revenue from its carbon credits deal with Hess Corporation allocated to Indigenous communities. Despite a drop in total earnings from the deal this year, the government is...

The global voluntary carbon credit market is on a steep growth trajectory, with projections indicating it could reach a staggering $14.56 billion by 2032. This growth is expected to be propelled by a compound annual growth rate (CAGR) of 25.3% from...

Australian airline Qantas has partnered with mining heavyweights Rio Tinto and BHP to launch a new fund to develop nature-based carbon projects in Australia. This initiative, the Silva Carbon Origination Fund, is set to raise $165 million to manage...

Vietnam has successfully generated $51.5 million by transferring 10.3 million tonnes of CO2 credits to the World Bank, according to the Forestry Department. This marks a significant milestone in the country’s emerging forest carbon trading...

The global carbon credit market is poised for significant growth, with projections indicating a surge from $267.8 billion in 2023 to an impressive $1.2 trillion by 2029. According to a recent study by BCC Research, the market is expected to expand...

Stripe's initial $1 million investment in carbon removal in 2020 has evolved into a $1 billion initiative. The fintech giant, which facilitated $1 trillion in transactions in 2023, has rallied approximately 300 companies to pledge substantial funds...

Bursa Carbon Exchange (BCX), a subsidiary of Bursa Malaysia Bhd, successfully conducted its inaugural Malaysian carbon credit auction on 25 July. This significant event featured carbon credits from the Kuamut Rainforest Conservation Project in...

Verra, a leading nonprofit in the voluntary carbon market, has unveiled its latest initiative, the ABACUS label. This new certification sets a higher standard for carbon credits derived from ecosystem restoration and reforestation projects. Close-up...

A global assessment led by researchers at the University of Massachusetts Amherst confirms that nature-based solutions (NBS) offer an economically viable method for mitigating a wide range of climate-related disasters. Published in the journal...

Microsoft has signed a landmark carbon credit agreement with Occidental Petroleum worth hundreds of millions of dollars. This deal aims to counteract the tech giant’s growing emissions, exacerbated by its expanding artificial intelligence (AI)...

Sri Lanka is embarking on a significant project to map all tree species across the island, paving the way for its entry into the global carbon credit market. Ruwan Wijewardene, Senior Presidential Advisor on Climate Change, made the announcement,...

The Japanese government has purchased 4 million carbon credits in the year ending 31 March, according to a trade ministry official. These UN-backed Assigned Amount Units (AAUs) were acquired from Poland, marking a significant move in Japan's carbon...

Microsoft has made a landmark move in its environmental strategy by purchasing 8 million carbon offset credits from BTG Pactual’s forestry division. This transaction, hailed as the largest of its kind, aims to significantly contribute to Microsoft's...

Microsoft has made a significant move to bolster its carbon neutrality efforts by acquiring over 970,000 nature-based carbon removal credits from Anew Climate, LLC. This agreement underscores Microsoft's commitment to combatting environmental...

Engie, a leading power company in Europe, has pre-ordered 5 million tonnes of nature-based carbon removals from climate finance firm Catona Climate. This strategic move aligns with the recent IPCC (The Intergovernmental Panel on Climate Change)...

A coalition of 10 West African countries is urging the global community to allow carbon offsets as part of corporate efforts to reduce emissions. These nations argue that offsets are essential for attracting funding necessary for climate and...

In 2016, the UN's International Civil Aviation Organisation (ICAO) introduced CORSIA, the first global offsetting scheme for the private sector, aimed at promoting low-carbon growth in aviation. The Carbon Offsetting and Reduction Scheme for...

The Biden-Harris administration has announced new principles for voluntary carbon markets (VCMs), underscoring its commitment to ambitious climate action. These guidelines aim to enhance the integrity and effectiveness of VCMs, ensuring they...

Carbon pricing revenues reached a historic $104 billion in 2023, according to a World Bank report. More than half of this revenue was directed towards climate and nature-related programmes. Implemented through carbon taxes and emissions trading...

Bursa Carbon Exchange (BCX), a subsidiary of Bursa Malaysia Bhd, is set to auction its first Malaysian carbon credits on 25 July. This event represents a key milestone for BCX, introducing Malaysia Nature-based Carbon Credits Plus (MNC+) generated...

In a groundbreaking move for Africa’s carbon market, EcoSafi, together with the Gold Standard, has launched the continent's first carbon credits certified under the rigorous Metered and Measured Energy Cooking Devices (MECD) methodology. This...

Tesla has officially entered South Korea's carbon credit market following approval from the Ministry of Environment, marking a significant stride in integrating electric vehicles into the local market. This development opens up substantial revenue...

Social Carbon, an evolving carbon standard, has announced plans to roll out a new 'nature stewardship credit' methodology by the third quarter of this year. The pioneering initiative, set to launch its first pilot in 2025, is developed in...

The European Union is contemplating the integration of emissions removal credits into its carbon market, according to a statement from a European Commission official on 17 April. This decision could potentially reintroduce carbon credits in the...

A recent World Bank report highlights that major corporations including Netflix, Apple, and Shell are actively participating in Kenya’s burgeoning voluntary carbon market. This engagement underscores Kenya's position as a significant player in...

Base Carbon Inc, through its subsidiary Base Carbon Capital Partners Corp, has successfully obtained 717,558 carbon credits from its Rwanda cookstoves initiative. This batch of credits, certified by Verra with an ‘Article 6 Authorised’ label—a first...

Tanzania has officially granted UpEnergy, a Ugandan project developer, its first-ever letter of authorisation (LoA) for carbon credits for the company's project for cleaner cookstoves. The move positions Tanzania as the third African country,...

Climate Impact X (CIX), headquartered in Singapore, has unveiled a new series of spot contracts designed specifically for nature-based carbon removal credits. This initiative marks a significant development in trading and pricing within the...

The Isle of Man is stepping up its environmental conservation efforts with the introduction of a groundbreaking carbon credit programme. Managed by the Manx Wildlife Trust, this initiative is the first of its kind on the island and is set at...

The Integrity Council for the Voluntary Carbon Market (ICVCM), an entity established in 2021 by a consortium of international financiers, has recently approved three prominent certifiers in the voluntary carbon market: the Gold Standard, ACR...

Vietnam has been recognised for its environmental achievements, securing a notable $51 million from the World Bank’s Forest Carbon Partnership Facility. This payment rewards the nation for its successful efforts in curbing deforestation and boosting...

The carbon credit market for the aviation industry witnessed a significant price surge, with the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) futures doubling to $20 per tonne in just 48 hours. This dramatic increase is...

Google announced its commitment to invest $35 million in carbon removal credits over the next year, becoming the first major corporation to respond to the US Department of Energy's (DOE) call for establishing a carbon removal market. This...

Kiuda Digital Holdings is gearing up to launch KiudaEX, a cutting-edge carbon credit exchange platform, in Sri Lanka. With a focus on addressing the surging demand for carbon offset credits in Asia, particularly in South Korea and Japan, KiudaEX...

Targray, a Canada-based global trader in renewable resources, has announced the expansion of its operations into Europe with the establishment of a new trading desk in Rotterdam, the Netherlands. This strategic move aims to bolster the company's...

The United Nations has announced that it will establish a global carbon crediting mechanism, a key component under the Paris Agreement aimed at mitigating global carbon emissions. This new direction comes with a detailed plan for the upcoming year,...

In a significant move towards environmental sustainability, Saudi Arabia has placed itself at the forefront of the global green movement. The Kingdom is assertively pushing forward with initiatives aimed at reducing its carbon footprint and...

Vietnam has stepped into the lucrative carbon credit market with the potential to generate an impressive $200 million each year, according to estimates by the Department of Forestry. This revenue is expected to come from the sale of approximately 40...

In an era where environmental sustainability is paramount, the voluntary (verified) carbon market (VCM) is demonstrating robust growth, defying the broader economic slowdown. This burgeoning sector is moving beyond merely reducing emissions, marking...

The Voluntary Carbon Market Integrity Initiative (VCMI) has declared Bain & Company as the pioneering organisation to secure a Carbon Integrity Platinum Claim, the most prestigious level of carbon integrity recognition. This distinction highlights...

Microsoft is to acquire 350,000 carbon credits (carbon units) from a Kenyan agroforestry project. This collaboration, spanning six years, underscores the tech giant's commitment to becoming carbon negative by 2030. The initiative utilises...

In a groundbreaking development, California's carbon allowance auction has captured the market's attention, setting a new record with prices reaching $41.76 per allowance, a significant 50% increase from the previous year. This remarkable surge...

Rio Tinto, the global mining powerhouse, announced its plan to significantly increase its retirement of carbon credits (carbon units) to 3.5 million annually by 2030. This ambitious initiative aims to offset about 10% of the company's baseline...

Tesla Inc. has once again showcased its financial prowess, this time through its lucrative carbon credit (carbon unit) sales, which amounted to a staggering $1.79 billion in the past year. The company's latest financial disclosures reveal that since...

Singapore is on the brink of a green investment revolution, with its carbon credit market forecasted to soar from $14.5 million in 2023 to an impressive $55.14 million by 2030. This remarkable growth, pegged at a compound annual growth rate (CAGR)...

Maersk, a global leader in shipping, has announced ambitious plans to drastically reduce its carbon footprint by 2040, focusing on cutting direct and power-related emissions by 96% and indirect emissions by 90% from a 2022 baseline. The company will...

A collaborative report, titled Are carbon credits the next billion-dollar insurance market?, from Oxbow Partners and Kita anticipates significant growth in the carbon credit insurance market, estimating insurance premiums to reach approximately $1...

Global pop icon Taylor Swift has turned to carbon offsets to mitigate the emissions from her private jet. Known for her significant carbon footprint, Swift, who was labelled the most carbon-polluting celebrity in 2022 (followed by Floyd Mayweather...

India is set to significantly increase its financial commitment to green initiatives in the coming fiscal year. A senior official revealed an impressive 44% rise in the budget for eco-friendly projects and schemes, utilising the proceeds from...

Africa is stepping up its game in the global environmental carbon arena with the launch of the African Carbon Markets Initiative (ACMI). This groundbreaking project aims to unlock the continent's vast potential for carbon credits, paving the way for...

Mashreq, a prominent financial entity in the Middle East and North Africa (MENA) region and one of the oldest banking institutions in the Middle East, has recently partnered with UAE-based fintech firm Fils to introduce a pioneering carbon...

Argus, a leading energy and commodity price reporting agency, has recently launched an innovative series of price assessments for nature-based carbon removals in the global voluntary carbon market (VCM). This move comes at a pivotal time, with the...

Chile officially recognised Verra-certified projects as eligible participants. This inclusion, formalised in Exempt Resolution 1420, marks a pivotal step in the country's environmental policy. The resolution, published in late December 2023,...

One of Ghana's largest conglomerates, Jospong, has partnered with EKI, a renowned Indian developer, to revolutionise environmental finance in the region. This groundbreaking initiative aligns with the Paris Agreement's Article 6 objectives,...

The State Council of China has approved a new set of regulations aimed at streamlining the nation's emissions trading systems (ETS). The forthcoming ‘Interim Regulations on the Management of Carbon Emissions Trading’ is poised to address crucial...

In the heart of Greenville's former biomass plant in the United States, a transformative process unfolds as wood chips are converted into biochar through pyrolysis. This carbon-rich substance has become a focal point for Maine entrepreneurs,...

In a revolutionary move, the UAE's innovative agricultural initiative, David & Goliath farms, has successfully sold carbon credits amounting to €5 million (approximately $5.53 million). This milestone underscores the nation's commitment to a...

Microsoft has recently finalised a 15-year agreement to procure 362,000 carbon removal credits as part of its broader commitment to achieving carbon negativity by 2030. The deal is set to support an expansive afforestation project spread across...

In a strategic alliance, Sylvera, a leading carbon data provider, has joined forces with the Singapore Government to ensure the availability of high-quality carbon credits, aligning with the Paris Agreement. Concurrently, Sylvera has inaugurated an...

Madagascar has secured $8.8 million in carbon credits, marking a pivotal moment as the third African nation (following Mozambique and Ghana) compensated by the World Bank under the REDD+ program for slashing 1.76 million tonnes of carbon emissions...

Australia has witnessed a historic surge in the issuance of Australian Carbon Credit Units (ACCU), each representing one tonne of CO2. The latest data from the Clean Energy Regulator (CER) reveals a remarkable increase in ACCUs, with 7 million...

African nations could unlock a substantial revenue stream of $82 billion per year through carbon credits, according to insights from the United Nations Economic Commission for Africa. Encouraging African member states at the 2023 COP 28 in Dubai,...

Ecosystem services and carbon credits play a pivotal role in supporting small-scale farmers in Peru, with the Acorn initiative gaining significant traction. Developed by Rabobank, Acorn aims to democratise carbon markets for producers in Peru,...

In a transformative collaboration, the Global Carbon Council (GCC) and Global Environmental Markets Ltd. (GEM) have successfully acquired the Global Carbon Registry® (GCR). This strategic move positions GCC to efficiently manage carbon credits,...

Washington state has successfully raised an estimated $1.8 billion through carbon auctions, marking a significant stride in its commitment to nature conservation. Announced by the Department of Ecology, the quarterly auction results conclude the...

In a significant stride towards environmental responsibility, the Ministry of Environment (MOENV) of Taiwan has unveiled draft regulations governing domestic carbon credit trading. This marks the commencement of a 60-day public consultation period,...

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...

Pachama has successfully concluded its Series B funding round extension, securing an additional $9 million, marking a significant step forward in advancing sustainability initiatives. The extension, spearheaded by T.Capital, the corporate venture...

In the dynamic landscape of voluntary carbon markets (VCM), a recent report indicates a significant shift towards high-integrity credits, emphasising benefits beyond carbon mitigation. Close up on a young tree seedlings, Hongera Reforestation...

The world's foremost independent carbon crediting standards, namely the American Carbon Registry, Architecture for REDD+ Transactions, Climate Action Reserve, Global Carbon Council, Gold Standard, and Verra/VCS, have joined forces to elevate the...

In a groundbreaking move, the World Bank has laid out an ambitious plan to bolster high-integrity global carbon markets, presenting a unique opportunity for 15 nations to derive income by trading carbon credits sourced from their forest preservation...

In the face of environmental challenges, the upcoming UN Climate Conference in Dubai spotlights the need for accelerated global action. The State of Climate Action 2023 report, a collaborative effort of influential organisations, offers a...

In a pivotal move, China's Ministry of Ecology and Environment (MEE) has issued comprehensive guidelines, marking the renaissance of the domestic voluntary carbon market (VCM). The focal point of this resurgence is the revival of the China Certified...

In a proactive move towards environmental sustainability, Punjab's Caretaker Chief Minister, Syed Mohsin Raza Naqvi, has spearheaded efforts to establish a comprehensive carbon credit plan to accelerate tree planting across the region. During a...

Dubai is set to introduce a groundbreaking carbon credit mechanism at the upcoming UN Climate Change Conference, with the Dubai Financial Market (DFM) unveiling plans for a trial platform during COP28. The initiative aims to support businesses,...

In a remarkable feat, South Korea's Ecoeye Co has turned into a significant player in the carbon market by going public. Despite the $2 billion sector facing recent challenges, Ecoeye witnessed an 80% surge, closing at 62,300 won on the Kosdaq...

Asian Development Bank's environmental envoy, Warren Evans, advocates for a rise in the average price of carbon offsets to range from $25–$35 per tonne. This move is seen as crucial to stimulate greater environmental action among investors and...

In collaboration with MSA Green Projects, Oman's Environment Authority launched the Oman Blue Carbon project. The goal is to plant 100 million mangrove trees, aligning with the National Zero Carbon Strategy 2050. This venture anticipates the removal...

The Johannesburg Stock Exchange (JSE) has introduced the JSE Ventures Carbon Market, a new trading platform developed in partnership with Xpansiv. This initiative allows local stakeholders to trade carbon credits and renewable energy certificates...

In an exciting breakthrough, scientists from the University of Cambridge are leading a transformative approach to carbon credits, offering a fresh perspective on tropical forest conservation. This innovative method is poised to revolutionise the...

In a remarkable partnership, J Balvin, the renowned Reggaeton artist, is stepping into the world of Subway Surfers, a popular endless runner mobile game. What makes this collaboration truly special is that it's not just about gaming; it's about...

The total value of major compliance carbon markets is projected to surpass $800 billion this year, demonstrating a 5% growth, as shown by a recent report by BloombergNEF. This surge is attributed to the upswing in allowance prices driven by reforms...

Singapore-based company KinRoss is teaming up with its Mongolian partner, Clean BotanEco, to address the severe soil degradation issues in Mongolia, where deforestation and intensive agriculture have left nearly 80% of the land resembling deserts....

In a dynamic ecosystem, the carbon credit trading platform sector drives the exchange of carbon credits, which is vital in supporting nature. These credits, representing emissions allowances, are pivotal in countering environmental impacts. The...

CarbonFarm Technology, headquartered in Paris, has successfully raised €2.5 million ($2.6 million) in seed funding to spearhead efforts in reducing carbon emissions associated with rice farming, utilising satellite-validated carbon credits. Aerial...

Ethiopian Forest Development (EFD) has revealed that Ethiopia's commitment to the forestry sector is on track to generate a staggering $100 million in revenue from carbon trade by 2030. EFD's National Red Plus Program Coordinator, Yitebtu Moges...

The Dominican Republic is set to witness a transformative moment in its carbon reduction efforts as it awaits a significant investment of $6 million from the World Bank in 2024. This momentous development is crucial for the nation's commitment to...

Uttar Pradesh, India, is pioneering a groundbreaking agroforestry policy that would be a first in the country. The policy promises to significantly boost farmers' income by harnessing the potential of carbon credits generated by the species planted...

The Taiwan Carbon Solution Exchange (TCX) Chairman, Sherman Lin, revealed exciting news during the Net-Zero Taiwan International Summit, hosted as part of the Energy Taiwan 2023 exhibition. Lin announced that the TCX anticipates making international...

In a bid to expedite decarbonisation in the private sector, the Tokyo Stock Exchange Inc (TSE) unveiled a new platform for trading carbon credits. This innovative exchange enables companies to purchase and sell J-Credits, which are...

Companies participating in the voluntary carbon market (VCM) are increasingly being recognised as leaders in the global effort to conserve nature. A recently published study by Forest Trends' Ecosystem Marketplace sheds light on how these companies...

Paraguay has taken a significant step towards regulating carbon credits as its lower house approved a pioneering bill that aims to establish a comprehensive framework for the ownership and commercialisation of credits generated by projects executed...

Singapore has unveiled key principles to determine the eligibility of international carbon credits, a move aimed at supporting its environmental targets under the Paris Agreement. These criteria will govern the selection of carbon credits to offset...

The global carbon offset market is on an extraordinary trajectory, with projections indicating it will reach a staggering $1,602.7 billion by 2028, up from its 2023 valuation of $414.8 billion. This remarkable growth, reflecting a compound annual...

Dubai-based company Blue Carbon has entered into a significant memorandum of understanding with Zimbabwe, aiming to generate carbon credits from a substantial portion of the African nation's vast landmass. The deal, announced in Harare, Zimbabwe's...

Countries in West Africa, notably Senegal and Ghana, are set to enter into agreements with Switzerland to sell carbon credits. These credits originate from projects that promote cleaner and more efficient cookstoves. The transaction is expected to...

Indonesian President Joko Widodo unveiled the nation's inaugural carbon credit trading initiative on 26 September, marking a significant step towards fostering and funding a carbon emissions reduction market. Indonesia, renowned for its status as an...

Investment in carbon credit projects has surged, with over $36 billion invested in the last decade, marking a significant shift towards climate action in the corporate world. This data, unveiled in a study by Trove Research, showcases the transition...

Afforestation projects and various land-based carbon storage methods are presently undervalued, but they hold the key to securing our planet's long-term environmental stability. This perspective comes from senior German economist Ottmar Edenhofer,...

The Ghanaian government is taking significant steps towards regulating the production of carbon credits within its borders, as announced by the Minister of Lands and Natural Resources, Samuel A Jinapor. This move aligns with a continental trend...

As part of the Africa Climate Summit, the United States Agency for International Development (USAID) has unveiled a suite of investments and initiatives dedicated to climate action in Africa. These include $35 million in new investments for this...

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...

A new report confirms the credibility of the Gold Standard carbon credits. While questions remain around some carbon credits in the market, the Gold Standard's commitment to sustainable development and climate action has been reaffirmed. The...

In a significant move to address climate impacts, the UAE Carbon Alliance, led by H H Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, President and CEO of the UAE Independent Climate Change Accelerators (UICCA), has pledged to purchase $450...

In a recent development, Sri Lankan President Ranil Wickremesinghe and Singapore's Prime Minister, Lee Hsien Loong, came together for the signing of a memorandum of understanding (MOU). This agreement focuses on cooperation for impactful carbon...

In a groundbreaking collaboration, Rubicon Carbon, Freepoint Commodities, and Imperative Global, three prominent American companies, have united to propel the development of nature-based carbon offset projects, with a potential investment of $500...

In a proactive move towards nature conservation, the United States has unveiled a $150 million grant programme aimed at assisting owners of small forestland parcels in forming partnerships with companies willing to pay for carbon offsets and...

In a dynamic shift towards addressing environmental challenges, S&P Global's Sustainable1 has unveiled a groundbreaking approach to environmental investment. With a heightened focus on nature and biodiversity risks in the business world and a surge...

The Washington State Department of Ecology has unveiled the outcome of the recent emergency carbon auction, revealing a flourishing carbon market as all $62.5 million in credits were successfully sold. The auction comprised two 527,000 credit...

The once-nascent voluntary carbon market is positioned for an astonishing transformation, projected to surge to $1.5 trillion by 2050, according to a recent analysis by Barclays. Riding the wave of escalating corporate pressure to tackle carbon...

In support of its commitment to sustainability and reaching net zero, Shopify Inc has acquired inaugural carbon removal credits from ocean carbon removal innovator Running Tide. Running Tide sank 1,000 tonnes of limestone-coated wood waste to the...

Rwanda is making waves in the global carbon market with an ambitious strategy driven by a new forest law put forward to the Lower House. This law, set to replace the 2013 forest management legislation, is designed to enhance forest protection and...

The Republic of the Congo has partnered with Renco Group, an Italian construction and engineering firm, to embark on a large-scale reforestation project. The deal, recently finalised near the Congo's capital, Brazzaville, aims to cover approximately...

The Integrity Council for the Voluntary Carbon Market (ICVCM) has unveiled its Core Carbon Principles (CCPs) and Program-level Assessment Framework to set stringent standards for high-integrity carbon credits. Developed with input from various...

Technology-driven plant nutrition company RLF AgTech has been granted approval for its pioneering project, the Hillston Soil Carbon Project, marking the outset of Australia's first soil Australian Carbon Credit Units (ACCU). The Clean Energy...

London-based climate intelligence startup, Sylvera, has closed a substantial $57 million Series B funding round. It was led by Balderton Capital, with participation from existing investors Index Ventures, Insight Partners, Salesforce Ventures, and...

Tanzania is set to receive a significant boost in its voluntary carbon market as more than 20 companies have committed to investing over $20 billion in carbon offset credits. The adoption of legislation on carbon trading in Tanzania last year...

The Voluntary Carbon Market Integrity Initiative (VCMI) has unveiled its Claims Code of Practice, offering companies a comprehensive rulebook for making credible climate claims whilst using carbon credits in their journey towards achieving net-zero...

Allied Market Research, a leading market research firm, has recently unveiled its latest report titled Carbon Credits Market by Type, System, End-use Industry: Global Opportunity Analysis and Industry Forecast, 2023-2032. The report highlights the...

The Bahamas' blue carbon credits hold significant value, potentially exceeding $50 billion, and could generate annual revenue in the hundreds of millions, according to Antoine Bastian, Executive Chairman and CEO of Genesis Fund Services Limited. In...

Over a dozen companies, primarily from Saudi Arabia, took part in a significant carbon credit auction in Nairobi, hailed as the largest of its kind worldwide. The event witnessed heightened demand for carbon offsets, generated through eco-friendly...

In a significant move towards sustainability, Meta, the tech giant formerly known as Facebook, has entered into a groundbreaking agreement with Aspiration Partners, a global climate finance firm. The deal—a staggering 6.75 million carbon...

The Multilateral Investment Guarantee Agency (Miga), the insurance arm of the World Bank, is developing plans to safeguard carbon offset projects from political risks in economically developing states. This initiative comes as an increasing number...

The recent auction on the Washington cap-and-invest market has produced remarkable statistics, raising eyebrows and generating anticipation for future events. The latest auction concluded with a surprising settlement price of $56.01 metric tonnes of...

According to a recent analysis, the cost of carbon offsetting for companies could significantly increase by 2030. A report by PriceWaterhouseCoopers (PwC) shows that the Financial Times Stock Exchange (FTSE) 350 companies spent a total of $47...

Vietnam is gearing up to establish its own carbon trade exchange by 2028, as outlined in a draft carbon market project by the Ministry of Natural Resources and Environment. This initiative aims to facilitate the trading and exchange of carbon...

Companies that purchase carbon credits are making greater strides in reducing their actual emissions compared to those that do not, according to a report released by rating agency Sylvera on Wednesday. The study analysed approximately 50 major...

The Financial Services Authority (OJK) in Indonesia is actively working to launch carbon exchange trading in the country by September 2023. To accomplish this goal, the OJK Board Commissioners Chairman, Mahendra Siregar, has revealed that the...

The NextGen CDR Facility, a joint venture between Swiss carbon project developer South Pole and Mitsubishi Corporation, has revealed its purchase of almost 200,000 tonnes of carbon dioxide removal (CDR) credits from three different projects, making...

The World Bank has unveiled a $50m Emission Reduction-Linked Bond to finance low-carbon development projects in Vietnam that generate carbon credits. Proceeds from the bond will be channelled to World Bank projects, with coupon payments used to fund...

Carbon credits have been a lot in the news lately, and for a good reason. In 2022, the global carbon credit market’s traded value was worth a whopping $978.56 billion, and it's expected to grow to $2.68 trillion by 2028, as shown by a new study. The...

On 18 April, the European Parliament voted to approve a sweeping reform of European Union (EU) climate policies. It includes upgrading the bloc's carbon market, which is expected to increase the cost of polluting in Europe, as well as a tax on...

US-based carbon registry Verra released a draft of its consolidated methodology for avoiding unplanned deforestation, an integral part of REDD (Reducing Emissions from Deforestation and Forest Degradation) projects. This move comes weeks after some...

Martello, a UK-based transition capital company, entered the voluntary carbon credits market, aiming to tackle concerns around transparency and credibility. The firm advises companies on structuring and fiduciary risks within the carbon markets and...

Europe's first carbon credit accounting methodology for seagrass bed protection was developed by a collaboration between organisations, allowing French companies to offset their emissions. The organisations involved in this pioneering effort are...

Carbon Neutral Royalty, a Vancouver-based firm that supports carbon credits generating projects in the voluntary carbon market (VCM), raised 25 million Canadian dollars ($18 million) from Beedie Investments, a multi-strategy direct investment...

The effectiveness of REDD+ carbon credits has recently been discussed, raising important questions in the carbon market. To address this, The Nature Conservancy, in partnership with TerraCarbon and other collaborators, is launching a new scientific...

India unveiled a draft plan for a carbon credit trading scheme, seeking input from stakeholders until April 14th, as part of the country's efforts to establish a carbon credit market. The Energy Conservation (Amendment) Bill, passed in December,...

Parents and students from pastoralist communities in Nasuulu, Oldonyiro, and Biliqo Bulesa Community Conservancies in Isiolo County, Kenya, have a reason to celebrate as the first-ever bursary fund from the sale of carbon credits was unveiled,...

The European Union (EU) is set to auction its carbon credits earlier than planned this year, beginning in July. This decision aims to raise additional funds to help member states reduce emissions and shift away from reliance on Russian gas,...

Singapore-based carbon exchange Climate Impact X (CIX) announced on 23 March 2023 the launch of a nature-based standardised (NBS) contract, which will provide buyers with credits and proceeds that support forest conservation efforts. The CIX Nature...

Xpansiv recently released its annual carbon market review for 2022. The report highlights key trends and insights in the voluntary carbon market (VCM) in 2022. Despite the challenges faced by the VCM, it continued to grow, with a focus on quality...

The Kennemer Group's cacao-based agroforestry programme has been awarded the first nature-based solutions carbon credits in the Philippines. The programme, which operates on the southern Philippine island of Mindanao, was verified and approved under...

Rwanda is looking to join the carbon market and will be announcing its offering in April 2023, according to the Minister of Environment, Jeanne d'Arc Mujawamariya. The carbon market allows entities to trade carbon credits earned by reducing...

NH Investment & Securities, a prominent South Korean securities firm, has teamed up with 4EN to venture into the agricultural carbon-offset credit market. With over 120 branches and subsidiaries, NH provides various financial services, including...

Colombia announced the creation of a new agency focused on climate action, which will determine the exact values of carbon absorbed by ecosystems and manage responsible carbon credits. The agency will also evaluate environmental conditions from...

Corekees and Bamboologic are offering private individuals in Europe a unique opportunity to invest in sustainable bamboo planting through their Project Bamboo initiative. Bamboo is an exceptional crop that can potentially remove a substantial amount...

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...

Over 20 companies within the carbon-removal industry have launched a coalition to lobby the United States (US) government for new policies to help commercialise carbon-removal technologies. These companies seek to create a unified industry voice to...

Tesla set a new record in carbon credit sales in 2022 from selling credits to other automakers. Find out how the company has positioned itself as a leader in the electric vehicle and carbon credit markets through its clean energy operations. Tesla’s...

In the global movement towards decarbonisation, carbon credits have emerged as a crucial tool for reducing emissions. The credibility of certain carbon credits has, however, been questioned in the past due to concerns about verification and...

Funga is a fast-growing carbon removal company that uses forest fungi to capture carbon. The Texas-based company raised $4 million in seed funding to bring its technology out of the lab and into the forests. The funding round was led by Azolla...

On 21 February 2023, the price in the European Union's Emissions Trading System (EU ETS)—the ‘cap and trade’ scheme constituting the standard measure used to track the price of carbon credits in Europe—surpassed €100 per tonne. This increase...

Mission-driven investment and philanthropic firm Cairns Group and former Mayor of New York City Michael Bloomberg announced the formation of a new global initiative called the Carbon Trust. The aim of the trust is to help countries and companies...

Climate Impact X (CIX) is a global exchange for quality voluntary carbon credits headquartered in Singapore that brokered the first major carbon credit auction together with impact-driven carbon finance business Respira early in November 2022. The...

Xpansiv CBL Holding Group is currently revving up to its IPO on the Australian Stock Exchange later in 2022. It raised more than $100 million in funding over the past 2 years but has recently upped its pre-IPO raise to $100 million. Xpansiv CBL...