Sustainability and carbon market news

The Science Based Targets initiative (SBTi) has unveiled its much-anticipated Financial Institutions Net-Zero Standard, a new framework designed to help the finance sector align with the global transition to a net-zero economy. This marks the first...

The United Nations’ Green Climate Fund (GCF) has approved $686.8 million in funding for 11 new environmentally focused projects across 42 countries, marking a significant step toward supporting vulnerable communities and reducing global emissions. A...

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...

Brújula Verde, Colombia’s largest nature-based carbon removal project, has received a $100 million investment from GenZero, Temasek's decarbonisation platform, and global commodities trader Trafigura. Located in the Orinoco River Basin, the...

Triodos Bank has announced a bold commitment to invest €500 million in nature-based solutions by the end of the decade. This initiative, revealed on Tuesday, aligns with the Dutch bank’s broader goals of enhancing biodiversity and addressing...

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...

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...

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...

Credit Agricole, France's second-largest bank with a significant global footprint, is making a strategic shift in its trading operations. The bank will gradually phase out its precious metals trading, particularly gold, to prioritise activities in...

France Valley, based in Paris, has announced the establishment of a €200 million ($214 million) fund dedicated to afforestation, reforestation, and revegetation (ARR) projects across Europe. CEO Arnaud Filhol shared this news, highlighting the...

The green finance market is on an unprecedented growth trajectory, with projections indicating an increase from $4.18 trillion in 2023 to a staggering $28.71 trillion by 2033. This surge is attributed to the rising demand for sustainable investment...

London-based emerging markets investment management firm Spinnaker Capital has taken a significant stride into the realm of environmental initiatives. In a strategic move announced last year, the company invested in carbon finance innovator Respira...

The landscape for nature-based solutions is witnessing a surge in demand and scale, drawing the attention of prominent institutional investment managers, according to a recent academic paper from the University of Oxford's Environmental Change...

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...

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...

Companies are undergoing a profound transformation in their approach to Environmental, Social, and Governance (ESG) strategies. This evolution is driven by the growing importance of nature-related factors in response to regulatory changes aimed at...

Vietnam has successfully obtained $41 million from the World Bank to sell forest carbon credits, marking a pivotal step in its commitment to protect its natural environment. This substantial funding comprises 80% of the total amount agreed upon in...

Investors overseeing an impressive $23.6 trillion of funds have launched a concerted effort to push 100 companies to step up their efforts in combatting biodiversity loss. A collective effort by Axa Investment Managers, Robeco, the Church...

The Environment Bank takes a pioneering leap in promoting corporate environmental responsibility by introducing biodiversity credits as its newest natural capital asset class. This innovative approach encourages businesses to invest in nature...

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...

Amazon, the global e-commerce giant, has pledged $3 million towards nature-based projects in India as part of its $15 million fund allocated for projects in the Asia Pacific (APAC) region. The collaboration with the Centre for Wildlife Studies (CWS)...

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...

Sealord, a large seafood company in the Southern Hemisphere, in partnership with Te Arawa Fisheries and New Zealand Carbon Farming, is taking a pioneering step towards carbon neutrality. The company has committed to investing $10 million over the...

In a significant move towards addressing global biodiversity loss, the UK government has pledged £10 million to the newly established Global Biodiversity Framework Fund (GBFF). This announcement was made during Canada's Global Environment Facility...

Thousands of hectares of peatlands across England are set to undergo restoration, thanks to the UK government’s £16 million investment in 12 new projects. This initiative aims to address climate impacts and biodiversity loss. The government's total...

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 groundbreaking move, Puro.earth, the leading platform for engineered carbon dioxide removals (CDR), has teamed up with Xpansiv, a global market infrastructure for data-driven environmental commodities. This collaboration marks a significant...

Ripple (XRP), a leading blockchain company, has made a groundbreaking move by investing $100 million in carbon markets. This strategic investment aims to accelerate carbon removal activities and modernise carbon markets through innovative...

Isometric, a carbon removal registry and science platform, has unveiled groundbreaking data showcasing previously unseen carbon removal activity from various companies. This includes Charm Industrial, Eion, Planetary, and Brilliant Planet. Recently,...

According to Transparency Market Research, a global market research company, the global carbon trading market is set to grow at a significant compound annual growth rate (CAGR) of 19.0% from 2023 to 2031. By 2031, the market is expected to reach a...

In a significant development, the National Assembly of Guyana has given the green light to a $148 million supplementary funding package. The funds are earmarked for direct disbursements to Guyana's Indigenous communities and climate adaptation...

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...

Somalia has announced its commitment of $10 million to combat the destructive effects of desertification and biodiversity loss in the country. The President of Somalia, Hassan Sheikh Mohamud, joined the Great Green Wall Initiative (GGWI) in the...

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...

In anticipation of the seventh Ministerial on Climate Action (MoCA7), which took place on 13 and 14 July in Bruxelles, Steven Guilbeault, Canadian Minister of Environment and Climate Change, revealed that Canada will provide a substantial...

In a significant step towards combating climate change, the Smithsonian Tropical Research Institute (STRI) has been awarded a $12 million grant from the Bezos Earth Fund to support the GEO-TREES project. GEO-TREES is an international consortium that...

The Global Environment Facility (GEF) has announced a remarkable $1.4 billion fund aimed at rapidly tackling global environmental crises, including biodiversity loss and climate change. This unprecedented programme aims to benefit 14 million people...

The Swedish fintech company Klarna has revealed its latest climate commitment, pledging $2.35 million to support more than 20 carbon removal organisations this year. The funds for this contribution come from Klarna's internal carbon tax income,...

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...

In a move that highlights the increasing popularity of debt swaps for environmental causes, the Bank of America Corporation is set to organise a significant $500 million debt swap for marine conservation in Gabon, according to sources. The West...

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...

The Energy Transitions Commission (ETC) released a report detailing the financial implications of ending deforestation. The report, titled Financing the Transition: the Costs of Avoiding Deforestation, estimates that a minimum of $130 billion per...

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,...

New Forests, a global forestry investment company, started measuring biodiversity baselines across its assets in anticipation of emerging nature markets. Fairy ink cap fungi, Coprinellus, growing on a moss-covered fallen tree in temperate...

The Green Climate Fund (GCF) approved $587.7 million in new climate finance for developing nations. This funding will support seven new climate projects to promote sustainable agriculture, reduce deforestation emissions, and enhance climate...

Counteract, a new venture capital (VC) fund solely dedicated to carbon removal technologies, has raised around $42 million in its inaugural fund. The London-based fund, which focuses on bioenergy, direct air carbon capture with storage (DACCS), and...

Abu Dhabi National Oil Company (ADNOC) is investing $15 billion in various low-carbon projects to reduce emissions and meet decarbonisation goals. The UAE-based oil and gas company plans to allocate the funds across its diversified value chain by...

Oak Hill Advisors, one of the major players in credit markets, made the biggest bet yet on the forest carbon market, in the amount of $1.8 billion. A transaction initially planned at $500 million, Oak Hill Advisors managed to secure a $1.8 billion...

Investors remain optimistic about climate tech despite rumors of a decline earlier this year. The statistics are on track to surpass 2020 as the second-hottest year for investment! What is climate tech? Climate tech is short for Climate Technologies...

Rio Tinto, a large mining and metals corporation operating in 35 countries worldwide, is developing eight high-integrity nature-based projects as a part of its decarbonisation strategy. The projects will be developed at an average carbon price of...

BeZero Carbon, a British company, raised $50 million during the Series B round. This round of funding brings BeZero to a total of $70 million. It is among the largest funds raised in the carbon offset rating companies. Investors for this round...

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...

Texas-based TPG and Toronto-based Brookfield Asset Management both announced their respective climate-focused funds on July 27 2021. These funds from TPG and Brookfield Asset Management act as private equity’s 13th and 14th mega-funds respectively....

Standing in the technologically advanced era, we must not forget the importance of nature in our life. If we consider the present situation, we will come to know that climate change has become a major matter of concern. Well, there are several...