Sustainability and carbon market news

Washington State’s carbon offsets with direct environmental benefits to the state (DEBS) are forecasted to surpass $100 per tonne of CO₂ equivalent (tCO₂e) in the early 2030s under a base scenario, according to new analysis from cCarbon. The...

A new $200 million fund backed by Japanese capital is set to acquire and manage forestland across the United States, with the goal of generating both carbon credits and sustainable timber revenues. The fund, launched through a partnership between a...

A newly introduced US bill—the Foreign Pollution Fee Act of 2025—could shift international trade norms by tying import fees to the carbon intensity of foreign goods. Senators Bill Cassidy and Lindsey Graham are proposing legislation that aims to...

The COP29 summit commenced in Baku, Azerbaijan, with an intense first day marked by high-profile speeches and resolved tensions over the summit's agenda. UAE’s COP28 President Sultan Al-Jaber highlighted record growth in renewable energy investments...

In a significant move to stabilise the carbon credit market, the US Commodity Futures Trading Commission (CFTC) has introduced the first federal guidelines for unregulated carbon offsets. This step, backed by the Biden administration, aims to...

Northern Trust has officially launched its blockchain-based platform, the Northern Trust Carbon Ecosystem, facilitating institutional carbon credit transactions. This platform enables institutional buyers to digitally purchase and retire carbon...

US timberland investment trust Rayonier is broadening its focus on carbon offset projects, evaluating initiatives in both the US and New Zealand. The company, which owns 2.7 million acres of timberland, is involved in improved forest management and...

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 Dunleavy administration has finalised regulations to initiate the sale of carbon offset credits on state land. Following the Legislature’s approval of Senate Bill 48 in May last year, the new regulations will be effective from 19 July 2024. A...

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...

The US Commodity Futures Trading Commission (CFTC) plans to finalise its carbon credits rulebook within the next six months, marking a significant step towards market integrity and fraud prevention. Aerial view of Tongass National Forest. AI...

The US Agency for International Development (USAID) has teamed up with CIFOR-ICRAF and other key partners to launch the Regenerative Agriculture for the Conservation of the Amazon (ARCA) programme. With a substantial investment of $17.8 million,...

The United Nations Development Programme (UNDP) and the Forestry Development Authority (FDA) will launch the LEH GO GREEN project in Monrovia. This initiative, backed by the European Union (EU) and its Member States, prioritises forest ecosystem and...

Google announced its commitment to invest $35 million in carbon removal credits over the next year, becoming the first major corporation to respond to the US Department of Energy's (DOE) call for establishing a carbon removal market. This...

In a groundbreaking development, California's carbon allowance auction has captured the market's attention, setting a new record with prices reaching $41.76 per allowance, a significant 50% increase from the previous year. This remarkable surge...

The US Department of Interior has unveiled a substantial commitment of $157 million for ecosystem restoration projects, aligning with the goals of President Joe Biden's Investing in America agenda. This funding is directed towards nationwide...

The environmental impact of the Super Bowl, a pinnacle event in American sports, extends beyond the game itself, with a significant carbon footprint. Contrary to expectations, this footprint is not predominantly tied to travel or the event's energy...

In the heart of Greenville's former biomass plant in the United States, a transformative process unfolds as wood chips are converted into biochar through pyrolysis. This carbon-rich substance has become a focal point for Maine entrepreneurs,...

Washington state has successfully raised an estimated $1.8 billion through carbon auctions, marking a significant stride in its commitment to nature conservation. Announced by the Department of Ecology, the quarterly auction results conclude the...

Vice President Kamala Harris delivered a significant announcement at the COP28 conference in Dubai, declaring the United States' commitment to contribute $3 billion to the Green Climate Fund (GCF). This marks the first US pledge to the fund since...

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...

The United States Agriculture Department has announced the establishment of a monitoring and data collection network with the objective of measuring greenhouse gas emissions and quantifying carbon capture in farming practices. This initiative,...

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...

Over 20 companies within the carbon-removal industry have launched a coalition to lobby the United States (US) government for new policies to help commercialise carbon-removal technologies. These companies seek to create a unified industry voice to...