Carbon Markets

               
Kenya’s carbon credits attract attention from Netflix, Apple,…
According to a new report by the World Bank, companies like Netflix, Apple, and Shell are investing in Kenya's carbon credits. Kenya is Africa's second-largest…
               
Singapore’s carbon management firm and Malaysian University collaborate…
Universiti Teknologi Malaysia (UTM) and Climate Resources Exchange International (CRX) from Singapore have signed a Memorandum of Understanding (MoU) to lead carbon-related projects in Malaysia.…
               
Biodel Ag and Carbon Asset Solutions forge carbon…
Biodel Ag, Inc., a US-based carbon project developer specializing in regenerative agriculture, and Carbon Asset Solutions Ltd. ("CAS"), a prominent carbon registry and MRV (Measurement,…
               
EU, UK continue to lead G20 in low-carbon…
Since the first edition in 2021, the EU and the UK have consistently held the leading positions in BloombergNEF's assessment of the Group of 20's…
               
Biodel Ag, Carbon Asset Solutions partner to deliver…
Biodel Ag, a US company specializing in regenerative agriculture carbon projects, has partnered with Carbon Asset Solutions Ltd., a carbon registry and MRV provider. Together,…
               
Analysis: the US needs $100 billion annually in…
Rhodium Group report urges US gov to boost spending on carbon dioxide removal tech to $100 billion yearly by 2050 for extreme climate change mitigation.
               
Global Carbon Capture and Storage market primed for…
According to the report, as the world grapples with the urgent need to reduce carbon emissions and combat climate change, carbon capture and storage (CCS)…
               
Leaders under pressure to resign as SBTi alters…
The board and CEO of the Science Based Targets initiative faced calls to step down following changes to the United Nations-backed guidelines on companies' usage…
               
Global carbon credit market to hit $84.4 billion…
As efforts to combat climate change intensify, there are currently 73 carbon pricing mechanisms in operation worldwide as of April 1, 2023. These mechanisms collectively…
               
Chevron New Energies invests in ION Clean Energy’s…
Chevron New Energies, a division of Chevron USA Inc., has announced a significant investment in ION Clean Energy, a Boulder-based technology company specializing in post-combustion…
               
Aker Carbon Capture advances decarbonization with projects in…
Aker Carbon Capture (ACC) has secured a pre-FEED (Front End Engineering Design) contract for Statkraft's Heimdal waste-to-energy plant in Norway, targeting the capture of 220,000…
               
ICVCM approves three certifiers meeting “high-integrity” criteria, Verra…
An international benchmark aimed at defining high-quality carbon offset projects has taken a significant step forward, with three major certifiers receiving approval from the Integrity…
               
Chevron to invest in ION Clean Energy, aims…
Chevron New Energies (CNE), a division of Chevron Inc., has invested significantly in ION Clean Energy (ION), a technology company based in Boulder. ION specializes…
               
Renewable power surge drives 15.5% drop in EU…
The European Commission said on Wednesday that carbon dioxide emissions governed by the European Union's emission trading system (ETS) fell by 15.5% in 2023, primarily…
               
GenZero and Allen & Gledhill call for legal…
GenZero, a Temasek-owned investment platform focused on decarbonization, has partnered with leading law firm Allen & Gledhill LLP to release a legal paper advocating for…
               
Malaysia’s Petronas and JERA signs agreement for carbon…
Malaysia's state-run energy firm Petronas announced on Tuesday a partnership with Japanese power generation company JERA to assess the viability of the carbon capture and…
               
JX Nippon and Chevron sign MOU to explore…
In a significant move towards advancing lower carbon solutions, JX Nippon Oil & Gas Exploration Corporation and Chevron New Energies, a division of Chevron U.S.A.…
               
Study finds Australia’s carbon offsets method failing to…
A major study conducted by 11 academics has revealed that Australia's primary carbon offsets method, known as "human-induced regeneration," has largely failed to improve tree…
               
Africa’s ambitious plan to harness carbon markets for…
Africa, a continent blessed with vast green energy reserves, is gearing up to maximize its share in the booming global carbon credit market, which has…
               
Singapore-backed climate action data trust boosts transparency in…
In just over a year since its launch, the Climate Action Data Trust (CAD Trust), supported by Singapore, has significantly enhanced the credibility of the…
               
Axpo secures €7 billion sustainability-linked credit facility led…
Swiss energy producer and trader, Axpo Holding AG, has finalized a sustainability-linked revolving credit facility (RCF) totaling €7 billion, with over 30 banks participating. ING…
               
Survey reveals business skepticism toward carbon offsets
A recent survey conducted by the We Mean Business Coalition (WMBC) reveals that a majority of businesses are hesitant to enter the carbon offset market…
               
Canada’s carbon pricing increase sparks debate over affordability…
As Canada prepares for an increase in its carbon pricing system on April 1, provincial leaders express concerns about its impact on affordability, sparking a…
               
Google commits $35 million to carbon removal credits,…
Google has announced its commitment to purchasing $35 million in carbon removal credits, aligning with the Department of Energy's (DOE) carbon removal purchase program launched…
               
CFC launches innovative carbon delivery insurance to boost…
Specialist insurance provider CFC has made a significant entry into the carbon insurance market with the introduction of its pioneering product, Carbon Delivery Insurance. This…
               
EU urged to lead in strengthening carbon intensity…
As delegates gather for the International Maritime Organization's (IMO) Marine Environmental Protection Committee (MEPC 81) in London, the focus turns to enhancing energy efficiency and…
               
Malaysia’s Ministry of NRES developing National Carbon Market…
The Ministry of Natural Resources and Environmental Sustainability (NRES) in Malaysia is currently undertaking a study on the National Carbon Market Policy (DPKK), with completion…
               
Google joins US DOE with $35 million carbon…
Google unveiled a new pledge to secure a minimum of $35 million worth of carbon removal credits within 12 months. This commitment is aligned with…
               
Carbon strips market set to soar to $4.15…
The Carbon Strips Market is poised for significant growth, with CoherentMI estimating its value to reach US$ 4.15 Billion by 2031, up from US$ 2.66…
               
Sylvera becomes first carbon credit agency to adopt…
Carbon credit data and rating agency Sylvera has achieved a significant milestone by becoming the first of its kind to integrate the International Capital Market…
               
Report: Global carbon removal market to hit $1465.5…
The latest report by Congruence Market Insights, titled 'Global Carbon Dioxide Removal Market - Size, Trends, Share, Growth, Dynamics, Competition, and Opportunity Forecast, 2023 -…
               
Ethanol plant in North Dakota leads the way…
Red Trail Energy (RTE), a corn ethanol plant in Richardton, North Dakota, has become the first ethanol plant globally to join a voluntary carbon market,…
               
US refiner joins Summit’s carbon capture project 
On Monday, Summit Carbon Solutions, an Iowa-based private company, announced that US refiner Valero Energy Corp would participate in its proposed carbon capture and storage…
               
UN launches key panels for Paris Agreement-aligned carbon…
In a significant move towards combating climate change, the United Nations has initiated the implementation of a new carbon crediting mechanism aligned with the Paris…
               
European carbon prices drop amid rapid decarbonization
Bloomberg reported a surprising trend in the European carbon market, where the price of CO2 emission allowances has fallen as the region accelerates its decarbonization…
               
Morgan Stanley Joins PCAF committee to standardize carbon…
Morgan Stanley has announced its membership in the global steering committee of the Partnership for Carbon Accounting Financials (PCAF), signaling its commitment to standardizing carbon…
               
Oxford releases “major course-correction” to carbon offsetting
Oxford University updates 'Oxford Offsetting Principles' to enhance credibility and guide toward net-zero with clearer directives.
               
Singapore to build the world’s largest ocean-based carbon…
Singapore is set to embark on a groundbreaking project to construct the world's largest ocean-based carbon removal plant over the next 18 months. 
               
Univers and Citi partner to enable seamless purchase…
Univers, a prominent player in decarbonization technology, and Citi have joined forces to introduce an innovative software solution facilitating the seamless purchase of Voluntary Carbon…
               
China to implement interim regulations for Carbon Emission…
China's Ministry of Ecology and Environment (MEE) announced on Monday that the Interim Regulations for the Management of Carbon Emission Trading will take effect on…
               
Germany proposes draft law to enable carbon capture…
Germany's economy and climate ministry have unveiled proposals for legal changes to facilitate the deployment of carbon capture and storage or use (CCS/CCU), along with…
               
EU’s carbon tariffs risk straining Asian economies, offer…
The Asian Development Bank (ADB) reported that the European Union's plan to impose tariffs on high-carbon imports might harm developing Asian countries. However, it's unlikely…
               
EU reaches provisional agreement on Carbon Removal Certification…
Negotiators representing the European Parliament and EU member states have reached a provisional agreement on establishing a certification framework for carbon removal within the EU.…
               
Major dissensions rise among automobile manufacturers over carbon…
Differences in opinion among major Indian automobile manufacturers have stalled progress in reaching a consensus on calculating carbon credits. 
               
23% global GHG emissions under carbon pricing: CMI…
23% of global greenhouse gas emissions are now under carbon pricing and generated US$100 billion in 2022 alone, noted a new report from the Carbon…
               
Verde joins hands with WayCarbon to advance carbon…
Verde AgriTech Ltd has partnered with WayCarbon to boost the development and monetization of its carbon removal project.
               
Carbon capture is not a solution for energy…
Andrew Forrest, the executive chairman of Fortescue Metals, stated at the 50th anniversary meeting of the International Energy Agency that carbon capture is not a…
               
EU plans diplomatic push for global carbon trading
According to the European Union’s (EU) climate policy chief, the bloc plans to help non-member countries start carbon markets to promote global trading of CO2…
               
LSEG report record $949 billion in global carbon…
In 2023, global carbon dioxide (CO2) permit markets hit a record value of 881 billion euros ($948.75 billion), marking a 2% increase from the previous…
               
Carbon credit market projected to surpass $343.6 billion…
According to a research study by Global Market Insights Inc., the carbon credit market is expected to hit $343.6 billion by 2032. 
               
Carbon credits face critical test, projected to hit…
2024 will be a year of challenges and opportunities for the carbon offset market, notes the BloombergNEF’s (BNEF’s) Long-Term Carbon Offsets Outlook 2024 report.
               
European Commission announces strategy to boost industrial CCS…
The European Commission announced its strategy to significantly boost industrial carbon capture, storage (CCS), and utilization capacity across the EU, marking a pivotal step in…
               
Element United launches tokenized carbon credit marketplace and…
Element United, a Utah-based company led by former miner and Jungle Gold star Scott Lomu, has unveiled plans for a tokenized carbon credit marketplace and…
               
ING forecasts steady growth for carbon capture and…
Global financial services provider ING has predicted continued growth for the carbon capture and storage (CCS) market, despite facing obstacles at the start of 2024.
               
China toughens rules for industrial polluters ahead of…
China has made its rules stricter for factories and other industries that cause excessive pollution, part of its national carbon market. 
               
China implements stricter rules to combat carbon trading…
On Sunday, China introduced new regulations to better oversee carbon trading and clamp down on emissions data fraud. These rules, approved by China's cabinet, take…
               
New Mexico House passes carbon credit swaps bill 
The New Mexico House of Representatives has passed a proposal to incentivize fuel companies to invest in cleaner options by allowing them to purchase carbon…
               
Berlin-based startup secures €9.2 million funding for carbon…
Berlin-based BlueLayer, a comprehensive software platform for carbon project developers, has raised €9.2 million in seed and pre-seed investment rounds, with Point Nine, an early-stage…
               
Indonesia permits 30% of overseas CO2 in new…
Indonesia's new presidential regulation on carbon capture and storage (CCS) allows operators to reserve 30% of storage for imported CO2. 
               
Kenya publishes draft Carbon Market Regulations for public…
The Kenyan government released draft Carbon Market Regulations, on 29th January, inviting public scrutiny and submissions until early February 2024. 
               
India launches framework for voluntary carbon markets in…
The Indian central government has introduced a ‘Framework for Voluntary Carbon Market in Agriculture Sector and Accreditation Protocol of Agroforestry Nurseries’ to encourage voluntary carbon…
               
Carbon credits-backed insurance startup raises $12.17 million funding
A new insurance startup, founded by three former Allianz executives, has completed the largest climate-focused seed funding round in Europe in over a year. 
               
Monetary Authority of Singapore launches Singapore Sustainable Finance…
The Monetary Authority of Singapore (MAS) on January 24 launched the Singapore Sustainable Finance Association (SSFA) to support the country’s shift to a low-carbon economy.…
               
China’s voluntary carbon market resumes trading after four…
China's voluntary carbon market has resumed trading after a four-year hiatus, marking a significant step toward funding emission reduction projects. Also known as the China…
               
Study reveals significant overestimation of carbon savings from…
A recent study from the University of California, Berkeley, has shed light on a significant overestimation of carbon savings attributed to the distribution of efficient…
               
Europe’s carbon market goes downhill as renewable power…
In Europe, the notable increase in clean-energy production is reducing the need for carbon permits, and the sluggish industrial recovery is contributing to keeping emissions…
               
Global CO2 removal market: Report identifies key developments…
According to a new report published by Research and Markets, the global carbon dioxide removal (CDR) market experienced significant growth from 2022 to 2023. 
               
Renewable energy firm secures funds for solar and…
Renewable energy company Low Carbon said on Tuesday that it received funding for the construction of a 385-megawatt portfolio of solar and battery storage projects…
               
New Mexico House Committee passes bill to limit…
House Bill 41, aiming to reduce the carbon intensity of transportation fuels by rewarding companies investing in cleaner options was passed by the House Energy,…
               
Met Office predicts record high CO2, nears climate…
Carbon dioxide emissions are set to experience one of the largest increases in history this year, bringing the planet closer to the brink of catastrophic…
               
US authorities investigate Aspiration’s carbon credit practices amid…
The Justice Department and Commodity Futures Trading Commission are reportedly investigating Aspiration, a California fintech, over potential misconduct related to its carbon offset sales. 
               
Trafigura to buy carbon removal credits from 1PointFive
PointFive (carbon capture, utilization, and sequestration (CCUS) company) and Trafigura (commodity trading company) announced that Trafigura will purchase carbon dioxide removal (CDR) credits produced from…
               
EU bans ‘misleading’ sustainability claims relying on offsets
The EU parliament on Wednesday voted to ban the use of terms such as “climate neutral” or “climate positive” for products and services. This decision…
               
Unlocking Japan’s Forests: Study finds route to carbon…
A study on Japan's forests has predicted that afforestation and proper forest management can increase CO2 removal and contribute to the national and regional natural…
               
UK government grants Drax approval for carbon capture…
The UK government has granted approval to Drax for its planning application to convert two biomass units at the Drax power station to utilize bioenergy…
               
ACC partners with Circulor to trace carbon emissions…
Automotive Cells Co (ACC), a joint venture between Stellantis, TotalEnergies, and Mercedes-Benz Group, has joined forces with UK startup Circulor to verify the origin and…
               
Saving glaciers by taxing tourists: Alaska town doing…
Juneau, Alaska, is addressing the impact of tourism-related emissions on its environment with a distinctive initiative. 
               
China announces annual greenhouse gas inventory
China has announced plans to conduct an annual inventory of its greenhouse gas emissions, a move aimed at enhancing its carbon trading capabilities and meeting…
               
New ‘farming toolkit’: A comprehensive guide for UK…
The Green Finance Institute (GFI) on January 11 has launched a new digital platform to help farmers understand and be a part of the fast-growing…
               
Finance Minister announces fin-tech lab to facilitate green…
Speaking at the Vibrant Gujarat Global Summit 2024, Finance Minister Nirmala Sithraman announced the creation of a fin-tech lab at GIFT City, to facilitate the…
               
Deadlock at COP28: Disagreements on Article 6, regulation…
The 28th Conference of Parties (COP28) to the United Nations Framework Convention on Climate Change concluded in Dubai with countries failing to reach an agreement…
               
Switzerland and Thailand complete deal on first-ever Paris…
In a move for carbon markets worldwide, Switzerland and Thailand have finalized the first-ever transaction involving Article 6.2 carbon credits, signifying a significant step in…
               
Wall Street is set to fuel a $1…
At COP28 in Dubai, financial institutions such as Goldman Sachs, Citigroup, JPMorgan Chase, and Barclays are preparing for an uptick in carbon offset transactions, poised…
               
Singapore’s criteria for international carbon credits impacts REDD+…
Singapore's outlined conditions for approved international carbon credits have influenced the acceptance of REDD+ projects from Papua New Guinea, emphasizing a preference for jurisdiction-wide approaches…
               
Vietnam generates $41 million from forest carbon credits…
Vietnam has reported earnings exceeding $41 million from the sale of forest carbon credits, marking the successful execution of an emission reduction agreement with the…
Strategies for accelerated climate finance according to the World Economic Forum

As the urgency of climate change intensifies, governments worldwide are implementing policies to stimulate private climate finance. However, effective mobilization requires innovative strategies tailored to incentivize investment, promote accountability, and mitigate risks. Here are four key considerations mentioned in a World Economic Forum report:

ABB invests in GridBeyond to enhance energy management solutions

ABB has announced a minority investment in GridBeyond, a technology company specializing in energy management solutions driven by artificial intelligence and data science. 

Scotiabank issues first €1 billion green bond in European market 

Scotiabank has launched its first-ever €1 billion, 5-year senior fixed-rate green bond in the European market. This issuance aligns with Scotiabank's Sustainable Issuance Framework, released on April 5, 2024. 

Australia delays environmental law reforms, raising concerns for wildlife

The Australian government has backtracked on its commitment to reform environmental protection laws, indefinitely deferring necessary changes to the Environment Protection and Biodiversity Conservation Act. 

JDE Peet’s expresses concerns over tight deadline to EU’s deforestation law

JDE Peet's, a major coffee company, raised concerns over the stringent timeline set by the new EU law banning the import of commodities and related goods linked to deforestation worldwide, Reuters reported.

EU carbon price drop threatens funding for green tech

The European Union faces a potential shortfall in funding for green technologies as the price of carbon permits dropped significantly this year, affecting the EU Innovation Fund and low-carbon projects.