Sustainability and carbon market news

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...

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%...

As the voluntary carbon market (VCM) shifts its focus to integrity and quality, a new analysis from carbon procurement platform Abatable finds that clean cookstove projects require enhanced budgets due to increased development costs, so buyers must...

Kenya has outlined a new national strategy that will require $45 billion in international support—largely through carbon trading and investment—to meet its updated emissions reduction goals for the 2031–2035 period. An African woman prepares a meal...

Nigeria has unveiled an ambitious plan to distribute 80 million clean cookstoves nationwide, beginning with 6 million units in the Lagos State. The initiative is part of a broader strategy to generate carbon credits by reducing emissions from...

Researchers behind the UN-commissioned Modeling Fuelwood Saving Scenarios (MoFuSS) tool have updated their methods to improve the precision of firewood usage data in Africa. This enhancement seeks to address criticisms of over-crediting in the...

Kenya has finalised its carbon framework, enabling project developers to secure Letters of Authorization (LoAs) under Article 6 of the Paris Agreement. These LoAs are essential for facilitating carbon projects with corresponding adjustments (CAs),...

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...

DGB Group’s Hongera Energy Efficient Cookstoves Project has reached a critical point of recognition, highlighted by recent features on national television. During a memorable event, the project successfully distributed 526 cookstoves to a rural...

India has expanded its list of eligible projects under the Paris Agreement's Article 6 mechanisms to include clean cooking initiatives. This addition, made public by the government on 7 June, joins the initial 13 activities under Article 6.2. Indian...

The National Agency for Science and Engineering Infrastructure (NASENI) in Nigeria has announced its first-ever investment in Powerstove, a pioneering Nigerian company specialising in eco-friendly cookstoves and carbon credit projects. Picture of a...

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...

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,...

BURN Manufacturing, a Kenyan producer and distributor of clean cookstoves, has successfully raised over $12 million to broaden its reach across Africa. This capital boost was primarily led by Key Carbon Ltd, previously known as Carbon Neutral...

Key Carbon, a Canada-based financier, has joined forces with Cartesian Sustainable Finance 1 (CSF), linked to the US's Cartesian Capital Group, in an ambitious $18 million carbon financing arrangement. This deal aims to escalate the production and...

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...

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...