Sustainability and carbon market news

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...

Uganda has endorsed a new national framework aimed at reversing decades of forest loss while opening pathways for sustainable economic growth through carbon crediting. Scenic green forest in Uganda. AI generated picture. The National Strategy on...

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...

Australia is set to host its largest-ever forestry-based carbon project by land area, following the submission of a new application to the Clean Energy Regulator. The proposed Environmental Plantings (EP) initiative will span 30,000 hectares and...

Brazil has announced a significant new push in its ongoing Amazon Restoration programme, opening a $26 million (BRL150 million) public call to fund reforestation projects in Indigenous territories. This marks the third such call since the...

Petrobras and Brazil’s National Development Bank (BNDES) have announced the launch of ProFloresta+, a pioneering reforestation and carbon credit initiative designed to restore 50,000 hectares of degraded land in the Amazon rainforest. A forest...

Australian land restoration firm Covalent Land is preparing to undertake the largest Environmental Plantings (EP) project in the country’s history, with plans to reforest 3,000 hectares in 2025. This marks a new milestone for carbon farming in...

The European Council has formally adopted a regulation establishing the first EU-wide certification framework for carbon removals. This marks a significant step toward standardising practices like carbon farming, permanent removals, and carbon...

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...

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...

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...

The World Bank has launched a groundbreaking $225 million bond to support reforestation in Brazil's Amazon rainforest. This nine-year bond, set to mature in 2033, represents the largest outcome bond ever priced by the global lender. Investors are...

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...

In a major push towards environmental sustainability, Microsoft Corp has teamed up with key Brazilian figures, including a former central banker and a prominent billionaire family, to undertake extensive reforestation in Brazil. This collaboration,...

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...

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...

In a momentous stride towards ecological revitalisation, $224.5 million has been committed to the Manulife Forest Climate Fund LP by Manulife Investment Management. This significant achievement marks the fund's progression to almost half of its $500...

In the captivating realm of BBC’s Planet Earth III, narrated by the iconic Sir David Attenborough, the spotlight falls on the extraordinary journey of the Bulindi chimpanzees in Uganda. Having premiered on 19 November 2023, this episode explores the...

In a surprising move, the Kenyan government announced a national public holiday on 13 November 2023 dedicated to planting trees. This initiative is part of an ambitious plan to plant an astounding 15 billion trees by 2032. Interior and National...

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 Rhino and Forest Fund (RFF), a German conservation NGO, is working to create wildlife corridors between protected areas in East Sabah, Malaysian Borneo. To do so, the RFF is buying up former oil palm plantations and restoring them. The...

Credit One Bank joined forces with the Arbor Day Foundation in a new partnership aimed at supporting reforestation and community forestry projects. The bank's reforestation efforts will be spearheaded by customers who opt-in for paperless accounts....

According to Agriculture Secretary, Tom Vilsack, forests across the United States (US) face unprecedented challenges from wildfires, natural disasters, and insect and disease outbreaks. In response, the US Department of Agriculture announced a $10...

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...

A team of researchers from the National University of San Luis developed a low-cost, open-access drone that allows for intelligent reforestation. The project, dubbed ‘Sustainable Hawk Eye’, uses artificial intelligence techniques to allow the drone...

Costa Rica is a hub for ecotourism and attracts visitors from around the world interested in exploring its lush jungles and diverse wildlife. However, in the 1980s, Costa Rica had one of the highest deforestation rates in the world. In response to...

Madagascar has a population of over 14,880 plant species. 80% of which are unique to this large island off the coast of Southern Africa. However, Madagascar’s forests will be lost within 40 years if the current deforestation rate continues. In 2021,...

World’s biggest timberland investment manager Manulife Investment Management branched out into forest carbon credit markets and launched its Forest Climate Fund (FCF), Manulife will aim to raise $500 million to buy sustainably managed forests that...

Deforestation is considered to be a significant problem in various parts of the planet when it comes to preventing changes in the climate and also conserving biodiversity. Learn more about deforestation. Does politics have an impact on...