Sustainability and carbon market news

A new survey shows that family offices are accelerating their commitment to environmental, social, and governance (ESG) investments, with Hong Kong emerging as a focal point for sustainable wealth management. Family office meeting in Hong Kong with...

Australia’s carbon market is off to a robust start in 2025, with a record number of Australian Carbon Credit Units (ACCUs) traded in the first quarter, and Queensland stepping up to drive future supply through a major funding round. A koala resting...

Argentina has officially opened the doors to its first carbon credit exchange, marking a significant move in the Latin American carbon market. The Bolsa Argentina de Carbono (BACX) began operations nearly 18 months after its initial announcement at...

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...

The sustainable bond market is poised to maintain its momentum in 2025, with global issuance projected to reach $1 trillion for the fifth consecutive year, according to Moody’s Ratings. Despite evolving political landscapes and increased scrutiny,...

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....

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...

DGB Group, a leading force in environmental sustainability and large-scale nature-based solutions, is excited to announce the launch of its latest product, Impact Loans. This innovative financial offering provides investors with a unique opportunity...

In August, the World Carbon Fund (WCF) bounced back into positive territory, reporting a net return of +3.63%, a significant improvement compared to July's -1.66% loss. This marks a recovery for the fund, which tracks five key carbon markets, four...

The Science Based Targets initiative (SBTi) has released four technical publications as part of the early stages of revising its Corporate Net-Zero Standard. This move is aimed at ensuring the Standard remains aligned with the latest scientific...

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...

The 2024 Paris Olympics is committed to significantly reducing its carbon footprint, aiming to cut emissions by half compared to previous Games. This ambitious target will be achieved through a combination of carbon offsets and reliance on renewable...

The Ministry of Finance has proposed amendments to Vietnam's Law on Corporate Income Tax, aiming to exempt corporate taxes on income from green bond interest and carbon credits. Two elephants roaming in Yok Don National Park, the largest national...

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...

Starting September 2024, voluntary carbon credits in the UK will be subject to VAT, according to a new policy announced by HM Revenue & Customs (HMRC). This change will require businesses involved in the creation, sale, or purchase of carbon credits...

In a significant conservation effort, Bhutan's government, alongside a coalition of non-governmental organisations (NGOs), has announced a commitment to mobilise $1 billion over the next 10 years to safeguard tigers and their natural habitats. This...

Experts predict a substantial increase in the price of carbon credits following the Integrity Council for the Voluntary Carbon Market's introduction of Core Carbon Principle (CCP) labels. Simon Jones, founder of Emral Carbon, forecasts that carbon...

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...

Businesses are increasingly eager to invest in environmental action, seeking more reliable carbon markets, as shown by a recent study by the We Mean Business Coalition, Intercontinental Exchange (ICE), and Bain & Company. Over 180 executives and...

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...

A recent study has revealed that governments have been significantly underestimating the financial value of nature's ecosystem services by as much as 180%. Led by a University of Hamburg academic and published in Science, the research proposes a...

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...

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...

Hong Kong's government has taken a significant step in the financial world by issuing 6 billion Hong Kong dollars (approximately $765 million) in digital green bonds. This innovative move introduces the world's first multi-currency digital bond...

In a pivotal moment at the 54th World Economic Forum in Davos that took place between 15 and 19 January, the environmental agenda took centre stage alongside geopolitical discussions, marking a significant shift in corporate and financial sectors'...

In landmark initiatives at COP28 in Dubai, major banks, including Goldman Sachs, Citigroup, JPMorgan Chase, and Barclays, have been spearheading a surge in carbon offset deals, reflecting a market positioned to hit $1 trillion. Such initiatives aim...

In a groundbreaking announcement at the Saudi Green Initiative (SGI) Forum during COP28, Princess Haifa Bint Muhammad, the Saudi Vice Minister of Tourism, unveiled plans for Riyadh's metamorphosis into one of the most sustainable cities by 2030. The...

Hitachi, a key player in Japan's corporate landscape, recently issued five-year green bonds with a competitive coupon rate of 0.598%. Notably, Nippon Life Insurance has shown confidence in this sustainable financial approach by acquiring half of the...

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,...

The 28th Conference of the Parties (COP28), hosting over 70,000 participants, recently drew to a close in Dubai, where world leaders and environmental experts grappled with crucial decisions and committed to big environmental action. Here are the...

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...

Paraguay, under President Santiago Peña's recent approval of the Carbon Credits Act on 12 October 2023, is setting a precedent in Latin America with the establishment of a comprehensive Registry. This Registry, a key component of the Act, will...

A cohort of leading corporations have signed up for the Voluntary Carbon Markets Integrity Initiative’s (VCMI) programme. Their objective: to leverage the VCMI’s Claims Code of Practice to affirm the integrity and effective application of...

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...

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...

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...

In the world of nature tech startups, an impressive $7.5 billion in investments has materialised over the past five years. This growth is intimately tied to the escalating emphasis on corporate impact reporting, a phenomenon that has been a boon for...

Asset managers are addressing the pressing issue of corporate harm to nature and biodiversity. With growing investor concern due to recent environmental instability and crises, companies like Allianz Global Investors and T Rowe Price are pioneering...

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...

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...

Project Beehive represents a unique and sustainable initiative in Kenya developed by Corekees. The project aims to promote biodiversity, empower local farmers, and contribute to the preservation of bees. Corekees team and local farmers checking...

In a landmark development, corporate engagement in climate action reached new heights in 2022, as the Science Based Targets initiative (SBTi) unveiled a remarkable 87% upswing in the number of companies aligning with science-based targets. The...

In a seismic debt shift, green bonds have surged to prominence, emerging as the cornerstone of the staggering $3.7 trillion global thematic debt, encompassing ESG (environmental, social, and governance) bonds, social bonds, sustainability bonds, and...

While the financial world shifts its gears towards net-zero targets, a fresh report from non-profit CDP reveals a potential pitfall: the oversight of nature-related dependencies. The financial sector's commendable 95% commitment to tackling climate...

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 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...

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 urgent need to reverse the environmental damage caused by decades of human activity has prompted asset manager Fidelity International to call for a significant shift in capital towards biodiversity conservation. Velislava Dimitrova, a...

Pharmaceutical giant AstraZeneca has unveiled a major expansion of its AZ Forest programme, demonstrating a $400 million commitment to planting 200 million trees across six continents by 2030. This significant investment will ensure the long-term...

The Southeast Asian region is grappling with ecological and economic uncertainties caused by disproportionate environmental issues. A new study by the Imperial College Business School reveals that the annual cost of nature restoration in Southeast...

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...

The Next 150, a Switzerland-based climate venture operator, introduced General Biochar Systems (GBS), a biochar company that produces high-quality carbon dioxide removal (CDR) credits. The newly inaugurated plant in Irapuato, Guanajuato, Mexico,...

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...

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...

A recent report by BloombergNEF analysed eight existing biodiversity crediting schemes and assessed their performance based on various criteria. These initiatives cover over 800,000 hectares, with $8 million in funding pledged so far for the...

A recent report from ShareAction emphasises the urgent need to reduce agrochemical use to halt and reverse biodiversity loss. The nonprofit organisation calls on the financial sector to reassess its investment practices in pesticide companies as a...

Protecting and restoring the planet's delicate natural resources comes at a price, but it's far less costly than the alternative. Research conducted by BloombergNEF reveals that financing explicitly for safeguarding biodiversity currently amounts to...

The global carbon capture and storage market is anticipated to witness a remarkable compound annual growth rate of 13.4% between 2023 and 2033, reaching a valuation of over $10.2 billion in 2033, reports Fact.MR, an intelligence and market research...

InsightAce Analytic's latest research reveals that the global carbon credit market size is valued at $402.58 billion in 2022, with an expected rise to $4.4 trillion in 2031. The market is projected to have a significant compound annual growth rate...

Robeco, a global asset management firm, has released the results of its annual global survey, which included 300 of the world’s largest institutional and wholesale investors. According to the survey results, the number of investors who believe that...

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...

A global coalition of investors, including Canada’s Desjardins, Fondaction, Manulife, and Vancity, released a report highlighting the impact of some of the world's largest companies on biodiversity. The pilot study of the MSCI World Index was...

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...

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...

Green bond sales reached a new record high in the first quarter of 2023, despite a brief market shutdown due to banking turmoil. According to data compiled by Bloomberg, global issuance of green bonds, the largest category of sustainable debt,...

Siemens Energy AG raised €1.5 billion ($1.63 billion) in its first-ever green bond issue, according to Dow Jones Newswires. Siemens Energy AG, the parent company of Siemens Gamesa Renewable Energy, will use the bond to refinance the existing debt of...

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...