Sustainability and carbon market news

Businesses are earning measurable financial returns from acting on environmental risk, according to a new report from CDP, the non-profit that runs the world's largest environmental disclosure system. Its second annual report, The Disclosure...

The UK government has published its first official list of overseas carbon pricing schemes that qualify for price relief under the country's Carbon Border Adjustment Mechanism (CBAM). The list covers 16 countries and gives exporters and importers...

All 27 European Union countries must submit draft National Restoration Plans to the European Commission by 1 September 2026. The deadline marks an early milestone under the Nature Restoration Regulation, Europe's first continent-wide law to set...

The UK government plans to make deforestation checks a legal requirement for businesses that trade in forest-risk commodities. Confirmed during London Climate Action Week, the measures shift responsibility for deforestation risk from voluntary...

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...

Corporate climate commitments among the world’s largest companies have tripled since 2019, with nearly three-quarters of Fortune Global 500 (FG500) companies now holding at least one sustainability target, according to new research. Company managers...

Spanish lender CaixaBank has launched a carbon credit trading platform aimed at corporate clients, giving businesses a single channel through which to compensate for hard-to-abate emissions in their value chain. CaixaBank executives reviewing...

New Zealand has released a new assurance framework to support the development of verified nature and carbon markets domestically, giving buyers, landowners, and project developers greater confidence in market integrity. Environmental workers...

Sustainable Aviation, the UK aviation industry coalition, has announced a commitment of more than $2.5 million (£2 million) in Greenhouse Gas Removal (GGR) credits. The move is designed to accelerate the early-stage development of this emerging...

A major international scientific assessment endorsed by more than 150 governments has concluded that biodiversity loss now presents a systemic risk to economies, supply chains and financial systems. The new Business and Biodiversity Assessment by...

The UK Civil Aviation Authority (CAA) has set out a new framework encouraging airlines, travel agents and flight comparison platforms to provide passengers with consistent greenhouse gas (GHG) emissions information at the point of booking. Under the...

Sri Lanka has taken a notable step towards strengthening its waste management capabilities with the launch of the Green Wheels Plastic Collection Project, a collaboration between Green Earth Group and Eco Spindles. Introduced at the Monarch Imperial...

Xpansiv is set to expand its digital infrastructure into one of the UK’s most challenging sustainability-related sectors, after being chosen by energy efficiency certification agency Quidos to build a dedicated carbon registry for the country’s...

Honda has taken another step in its long-running engagement with US agricultural communities by purchasing 1,800 soil carbon removal credits from a major developer of regenerative agriculture projects. The deal highlights the growing interest among...

Europe’s leading luxury brands are moving to overhaul how environmental information is gathered across fashion supply chains, launching a coordinated effort to replace today’s fragmented reporting landscape with a single, streamlined system. Under a...

As COP30 convenes in Belém, Brazil—on the edge of the Amazon rainforest—delegates arrived with extreme weather fresh in mind. The recent typhoons in Southeast Asia, together with ongoing storm recovery in Jamaica and Brazil, brought COP30’s core...

The latest edition of Accenture’s Destination Net Zero study shows that momentum toward value-chain decarbonisation is picking up again among the world’s largest companies. After a stall in 2024, new net zero targets are rising across...

A new UN report suggests that carbon pricing could serve as a powerful catalyst for sustainable growth in small island developing states (SIDS), provided it is adapted to their specific economic conditions and integrated into broader national...

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...

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 Science Based Targets initiative (SBTi) has issued a fresh set of guidelines to support companies revisiting their science-based emissions targets, a key requirement under the initiative’s Corporate Net-Zero Standard (CNZS). The move comes as...

TikTok has launched a new partnership with carbon intelligence company Scope3 to help advertisers track and reduce the environmental impact of their campaigns. The collaboration provides a data-driven approach to measuring carbon emissions from ad...

This year at the Dutch Blockchain Week 2025, held from 19 to 25 May in Amsterdam, Carbify was awarded the Best BCNL Community Award, acknowledging its focus on transparency and environmental engagement within the Web3 space. A drone flying over...

Meta and Microsoft have committed to purchasing nearly 1.4 million carbon removal credits from a forestry project on Washington State’s Olympic Peninsula, marking a significant investment in nature-based solutions. The initiative is designed to...

Radisson Hotel Group has announced the debut of its first two Verified Net Zero hotels, setting a new benchmark for sustainable hospitality. Located in Manchester and Oslo, these properties have been verified by TÜV Rheinland to meet the Net Zero...

In a significant move to safeguard its environmental ambitions, the Dutch government has pledged €639 million ($726 million) to the Aramis carbon capture and storage (CCS) initiative—the Netherlands' largest project of its kind. The funding aims to...

Despite mixed signals in public discourse, a new PwC report reveals that most companies are staying the course—or even accelerating—on their decarbonisation targets. According to The 2025 State of Decarbonization, based on data from CDP and other...

The European Commission has announced significant changes to its Corporate Sustainability Reporting Directive (CSRD) and introduced a comprehensive package of proposals aimed at simplifying EU sustainability reporting requirements and reducing...

Ferrari is accelerating its commitment to sustainability while delivering a record-breaking financial year in 2024. The luxury automaker reported €6.68 billion in revenue, an 11.8% increase, driven by innovation, customisation demand, and strategic...

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,...

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...

French energy giant TotalEnergies has committed $100 million to a series of sustainable forestry projects in the United States, aiming to generate carbon credits to meet the company’s emissions goals beyond 2030. Springtime inside Great Smoky...

The carbon credit market saw significant developments in the final days of August, with the Xpansiv CBL platform at the forefront of record-breaking activity. A major highlight was the trade of 39,414 tonnes of 2023 vintage ACR CCP-approved United...

Lucas Di Grassi, a well-known figure in the world of motorsport, is driving more than just high-speed cars—he’s leading a charge towards sustainability. As a co-founder of the Zero Summit, a platform dedicated to promoting zero-carbon technologies,...

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...

A new guide, CSRD Essentials, has been released to elucidate the European Union's Corporate Sustainability Reporting Directive (CSRD). This directive, effective from December 2022, mandates extensive sustainability reporting for over 42,500 EU-based...

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...

In a move to enhance sustainable farming and carbon credit earnings, two certification companies, FoodChain ID and ReSeed, have launched a groundbreaking methodology for soil carbon projects. This new system, known as the ReSeed Soil Carbon...

Germany-based retail giant Lidl has teamed up with conservation organisation WWF to bolster biodiversity protection in its supply chain across 31 countries. This five-year initiative aims to combat upstream biodiversity loss, tackle deforestation,...

The International Carbon Registry (ICR) has launched a new Pilot Biodiversity Program to integrate biodiversity conservation with global sustainability efforts. This initiative provides a framework for projects to enhance biodiversity and offers...

Efforts are currently underway to create the International Organization for Standardization's (ISO) first global standard for achieving net zero. This new standard aims to clarify the path to net zero, establish stringent requirements, and...

DGB Group's share price has increased 75% year-to-date. On 2 January 2024, DGB’s shares were valued at €0.478. After a steady period, it started increasing on 13 May 2024 and closed at €0.84 on 28 June 2024, showing a 75.73% increase. Graph showing...

India’s leading bottled water company, Bisleri International, has introduced a pioneering framework to create water credits for the beverage industry. This initiative aims to enhance accountability for water use among beverage manufacturers....

The EU Council has officially adopted the corporate sustainability due diligence directive, marking the final step in its legislative process in terms of the new Corporate Sustainability Reporting Directive (CSRD). This new directive imposes...

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...

A UK climate tech startup, Dendra Systems, has successfully raised $15.7 million in Series B funding to enhance its AI-driven platform aimed at restoring ecosystems. Announced in early May, the Oxford-headquartered company secured this latest round...

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...

The voluntary carbon credit market (VCM) is poised for substantial growth, anticipated to reach $21.7 billion by 2032, according to a report by Global Market Insights Inc. This surge is fueled by heightened global awareness and concerted efforts...

Germany has initiated the integration of the European Union's Corporate Sustainability Reporting Directive (CSRD) into national law, a move receiving positive reactions from various industry groups. The Federal Justice Ministry's draft, which...

Singapore is gearing up to host the impactful Ecosperity 2024 Conference this April, aimed at fostering discussions around nature conservation and the advancement of carbon markets. From 15–17 April, this prominent event will assemble a diverse...

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...

Nestlé, a leader in the global food and beverage sector, is taking significant steps towards environmental sustainability with its latest initiatives to reduce carbon emissions within its cocoa supply chain. In a groundbreaking move, the company has...

The Australian government is preparing to introduce its first-ever green Treasury Bond, targeting an issuance window between April and June 2024. The bond, which will mature in June 2034, signifies a strategic pivot towards sustainable and ethical...

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...

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...

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)...

HSBC has teamed up with Google Cloud to financially back firms that are at the forefront of creating technology-driven solutions for nature conservation. This partnership centres around Google Cloud's Ready-Sustainability programme, which is...

Costa Rica has unveiled a groundbreaking initiative to mobilise private sector funds towards sustainable development. The country's latest project, a Project Preparation Fund (PPF), seeks to leverage up to $1.2 billion in private investments by 2030...

The aviation sector's journey towards sustainability marked a significant milestone at the Airline Economics Sustainable Aviation Fuel and Carbon Finance Day, a premier gathering for global aviation professionals. The event, spearheaded by the...

The United Arab Emirates (UAE) has emerged as a leader in the Middle East and North Africa's (MENA) green bond market. The nation recorded sales nearing $10.7 billion, a staggering 170% increase from previous figures. This impressive growth accounts...

In a significant move towards sustainable financing, the Queensland Treasury Corporation (QTC) has raised a notable portion of its $9.52 billion funding goal for 2023–2024, with the issuance of a bond yielding 4.75%. Rated AA+ by S&P Global and Aa1...

The World Bank has announced the launch of a unique seven-year bond, valued at $100 million, specifically targeted at reducing plastic waste. This pioneering Plastic Waste Reduction-Linked Bond is designed to generate financial returns for investors...

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,...

Western Australia is set to halt commercial logging in its old-growth and native forests from the beginning of next year, following a government plan released on 15 December. The initiative aims to protect the state's biodiversity, including trees...

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...

Representatives from 175 nations gathered in Nairobi to address the pressing issue of plastic pollution, reflecting a global commitment to finding solutions. Last year, consensus was reached to finalise a UN treaty by 2024, acknowledging the threats...

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...

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...

The Carpathian Convention celebrated its 20th anniversary with the adoption of the Carpathian Biodiversity Framework during the seventh Conference of the Parties (COP7), a pivotal event hosted in Belgrade, Serbia. The Carpathian Convention, founded...

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...

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...

The World Biodiversity Summit 2023, held in New York during Climate Week NYC and the UN General Assembly, convened a diverse and motivated crowd. This event, building on last year's success, solidified itself as a global cross-sector gathering...

The recently unveiled Tree Globally Observed Environmental Ranges (TreeGOER) database is positioned to revolutionise our approach to reforestation tree selection in the face of changing environmental impacts. Developed by the Center for...

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...

Philip Lee LLP, the law firm representing DGB Group, has secured the prestigious title of Best Law Firm 2023 in the voluntary carbon market, according to a recent announcement by the renowned international publication Environmental Finance. As...

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...

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 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 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...

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...

Pakistan has set a new goal for its carbon trading sales, targeting $12 billion in revenue by launching a mangrove plantation project in the Indus Delta of the southern Sindh province. Officials have confirmed $40 million worth of carbon credits...

Brazilian President Luiz Inácio Lula da Silva has revealed a visionary initiative to bolster the nation's infrastructure and promote an environmentally sustainable path. The Growth Acceleration Program, known as the PAC plan, is an accelerated...

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...

A collaborative report by the African Natural Capital Alliance (ANCA) and management consulting firm Oliver Wyman has underscored the growing importance of African regulators taking action on nature-related risks in line with their mandate to...

The European Commission took a significant step towards promoting sustainability reporting by adopting the European Sustainability Reporting Standards (ESRS) under the Corporate Sustainable Reporting Directive (CSRD). The adoption of these standards...

In a significant leap towards environmental preservation, the European Union has adopted a groundbreaking Nature Restoration Law, signalling a paradigm shift in the fight against biodiversity loss and climate change. This comprehensive law, the...

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...

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...

In a recent report titled Sustaining insect biodiversity in agricultural systems to ensure future food security, the urgent need to preserve insect biodiversity for food security is emphasised. The report highlights the alarming decline of insect...

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...

Despite the challenges in safeguarding natural forests, Cambodia's Ministry of Environment remains confident in its ability to sell carbon credits for socio-economic development. During a recent training session on climate change and REDD+ (Reducing...

Recent research carried out by the European Environment Agency has highlighted that the food, construction, energy, and textile sectors are responsible for about 90% of the pressure on global biodiversity. To address this issue, the concept of a...

Global discussions are underway among 145 countries to address plastic pollution and formulate a comprehensive treaty by 2025. Led by Norway and the High Ambition Coalition, the talks aim to combat the escalating crisis caused by mounting plastic...

A set of groundbreaking guidelines has been introduced by the Science Based Targets Network (SBTN) to assist companies in placing nature conservation at the forefront of their operations. The SBTN, in collaboration with 17 pilot companies, including...

ASUS, a global technology leader, has unveiled a groundbreaking solution at Computex 2023. ASUS Carbon Partner Services is an end-to-end offering designed to provide business customers with carbon-offset options that are high-quality, accountable,...

The University of Minnesota is set to receive a $20 million grant over five years from the National Science Foundation (NSF) and the United States Department of Agriculture's (USDA) National Institute of Food and Agriculture (NIFA) to lead the AI...

The Australian government announced plans to create a new Net Zero Authority to support communities, workers, and industries in transitioning to a clean-energy economy. The authority will work towards ensuring that traditional industries and...

Verra, a leading certification body, and Panama's Ministry of Environment (MiAMBIENTE) have signed a Memorandum of Understanding (MOU) to develop a national carbon market in Panama. The MOU aims to simplify the certification process for local...

NASCAR's new impact platform, NASCAR IMPACT, aims to reduce the organisation's carbon footprint to zero by 2035. The long-term carbon emissions goal marks a new era in sustainability for America's top motorsport and follows the completion of the...

New data released by climate disclosure organisation CDP shows that only 41% of companies that report to them track value chain emissions, and even fewer are aware of their impact on nature. This percentage is surprisingly low given the wide-ranging...

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...

The African Development Bank (AfDB) announced the issuance of a 1 billion Norwegian krone (NOK) (around €‎900 million) 5-year green bond, due March 2028. This marks the bank's first green bond issuance in the Norwegian krone market, following...

To create a viable framework for measuring and reporting universities' carbon footprint, a standardised approach towards measuring and reducing greenhouse gas (GHG) emissions is necessary. However, every university has unique factors, making the...

A new European survey on sustainable food was conducted by leading international market research company IPSOS on behalf of Yara. The report provides an overview of consumer-purchasing habits and sustainable food preferences. The survey was...

Stafford Capital Partners secured $242 million in initial commitments from three UK local government pensions schemes (LGPS) for its Stafford Carbon Offset Opportunity Fund. The fund was launched in December 2022 with a $1 billion target. The fund...

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...

On 19 December 2022, the Kunming-Montreal Global Biodiversity Framework was adopted during the United Nations (UN) Biodiversity Conference (COP 15) in Montreal, Canada. More than 190 countries agreed on goals to protect nature. Nations finally...

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...

New Zealand’s government will contribute for lower-income families to replace fuel cars with hybrid or electric vehicles. As part of a sweeping plan, Wellington will spend 569 million New Zealand dollars ($357 million) on the trial program. The...

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...

It’s safe to say that Coldplay is dead serious about reaching their low-carbon and sustainable goals after the band launched their special Music Of The Spheres World Tour App. The app is undoubtedly praised by Coldplay’s eco-conscious fanbase, which...