Carbon Markets

               
Sam Altman-backed carbon storage startup receives funding worth…
44.01, a startup backed by Sam Altman’s Apollo Projects, announced the completion of a $37 million Series A funding round. The startup is developing a…
               
Xpansiv and Japan’s Enechain collaborate for enhanced carbon…
Xpansiv announced the signing of a Memorandum of Understanding (MoU) with Enechain Corporation, Japan’s energy marketplace operator. This would allow Japanese companies to access high-quality…
               
Frontier secures $40 million DAC offtake agreement with…
Frontier, an advance market commitment that aims to accelerate the development of carbon removal technology, said it has facilitated another set of direct air capture…
               
Strathcona Resources partners with Canada Growth Fund to…
Canadian oil producer Strathcona Resources announced a strategic partnership with Canada Growth Fund (GCF) to build carbon capture and sequestration (CCS) infrastructure on facilities across…
               
ArcelorMittal Gent begins innovative trial to recycle CO2…
ArcelorMittal and Mitsubishi Heavy Industries Ltd. (MHI) announced that they are collaborating with a tech company, D-CRBN, to test a new technology for converting the…
               
TEMBUSU Asia – First Singapore Validation and Verification…
8 July 2024 – TEMBUSU Asia Consulting (TAC) is now accredited by the Asia Carbon Institute (ACI) as the first Singapore Validation and Verification Body…
               
Dimitra launches traceable carbon credit initiative to empower…
Dimitra, an agricultural technology and sustainability solutions company, announced the launch of its carbon credit initiative, Dimitra Carbon.   This revolutionary carbon credit program seeks to…
               
European specialists launch initiative to aid Indian carbon…
A team of European carbon removal specialists have launched an initiative to assist Indian businesses in developing projects that extract carbon dioxide from the atmosphere…
               
SBTi’s credibility undermined by new revelations
The Science Based Targets initiative, the world’s largest verifier of CO2 and corporate climate goals, could suffer long-term reputational damage unless it swiftly addresses a…
               
Norway seeks to explore renewable energy, carbon capture…
According to the energy minister, Norway aims to enhance its partnership with Indonesia and explore investment opportunities in renewable energy, such as hydropower and carbon…
               
Startup raises €5M seed for European carbon offset…
Carbon offset startup Tree.ly announced that it has secured €5 million Seed investment. PortfoLion Capital Partners led the funding, which also  included Gründungsfonds, Symbia VC, and the…
               
NGOs call for the exclusion of carbon offsets…
In a new critique of the voluntary carbon market, over 80 non-governmental organizations have urged corporations to exclude carbon offsets from their transition plans, arguing…
               
EU approves €3 billion Swedish CCS Scheme to…
The European Commission has sanctioned a €3 billion Swedish initiative under EU State aid regulations to support carbon capture and storage (CCS). This scheme is…
               
Amazon bypasses carbon offset standard funded by Bezos
Amazon has become the first company to bypass a global standard for verifying carbon offsets, developed by a non-profit largely funded by its founder and…
               
Verra announces new carbon capture and storage methodology
Verra, a certifier of voluntary carbon offsets, announced the release of the Verified Carbon Standard (VCS) Methodology VM0049 Carbon Capture and Storage.   The standard, known…
               
Sirona Technologies raises a €6 million seed round…
Sirona Technologies, co-founded by a former Tesla engineer, announced that it had raised a €6 million seed round to advance its mission of combating climate…
               
Shell set to build two carbon capture hubs…
Shell announced its plans to establish two new carbon capture storage (CCS) facilities- Polaris and Atlas – in Canada.    Shell Canada Products, a subsidiary of…
               
Carbon removal market poised for explosive growth with…
A report by management consultancy Oliver Wyman reveals that if barriers to growth are addressed, the global market for CO2 removal credits could reach up…
               
Report highlights impact of $100 billion carbon market…
BeZero Carbon, a global carbon credit ratings agency, published a report outlining the transformative potential of a $100 billion carbon market expected to emerge over…
               
Nuada begins carbon capture trials at Buzzi’s cement…
Nuada, a carbon capture company, announced the launch of a pilot plant in collaboration with Buzzi Unicem at its cement facility in Italy. This marks…
               
O.C.O Technology and Petronor collaborate to build €20…
O.C.O Technology announced that it had entered a joint venture partnership with Petronor to build a €20 million facility in the Port of Bilbao, which…
               
Temasek and Blackrock to invest in carbon removal…
In a joint partnership, Singapore’s Temasek and BlackRock have initiated a $69 million capital raise to enhance global carbon removal efforts by Swiss firm Neustark. …
               
Heirloom announces plans to build two direct air…
Heirloom, a direct air capture company, announced that it plans to establish two direct air capture (DAC) facilities in Louisiana. The company stated in a…
               
Adaptavate announces first-ever full-sized​, ​​​​​​​​carbon-negative​ plasterboard 
Adaptavate announced in a press release that it has produced the “world’s first plasterboard to store carbon permanently.”  The plasterboard reportedly can take nearly 1…
               
Insurance broker launches world’s first carbon credit warranty…
The Howden Group, an insurance broker, announced it played a role in developing the first-ever warranty and indemnity policy for carbon credits. This initiative aims…
               
Indigo Ag to deliver 40,000 carbon credits in…
Indigo Ag announced in a press release that it will sell nearly 40,000 agricultural soil-based carbon credits from its third carbon crop to Microsoft.   This…
               
Frontier secures $48.6 million offtake agreements with Stockholm…
In a press release, Frontier announced that it had facilitated offtake agreements with Stockholm Exergi, marking the initiation of Europe’s foremost commercial-scale carbon removal retrofit…
               
Amsterdam’s Cawa secures €500K to boost transparent carbon…
Cawa, an API infrastructure enabling carbon accounting and ESG platforms to sell transparent, high-quality carbon credits, announced that it raised € 500,000 in a new…
               
Wilder Carbon introduces the world’s first “buffer insurance”…
UK-based carbon standard Wilder Carbon and specialist carbon insurance company Kita announced the world’s first “Buffer Insurance” policy for Wilder Carbon’s buffer pool.  According to…
               
Microsoft to receive 8 million carbon credits from…
BTG Pactual Timberland Investment Group, a Latin American investment bank, is planning to execute a carbon offset credit transaction with Microsoft. TIG will provide Microsoft…
               
Andrew Forrest urges coalition to reconsider 2030 emissions…
Fortescue founder Andrew Forrest warned that if the federal coalition scraps the 2030 emissions reduction target, Australian exports could face hefty carbon taxes.  Forrest criticized…
               
Carbonfuture and Swiss Re sign 7-year biochar carbon…
Carbonfuture, a carbon removal solutions provider, announced in a press release that it had inked a 7-year biochar carbon removal (BCR) agreement with Swiss Re.  …
               
Ex-MD of Goldman Sachs teams up with law…
Jim Bunch, a former managing director at Goldman Sachs Group Inc., has teamed up with law firm Linklaters and London nonprofit Scope 3 Climate Capital…
               
Texas initiates carbon capture and storage lease initiative…
Texas is planning to put over 1 million acres of state-owned land up for lease to target parties interested in carbon capture and storage (CCS)…
               
Report highlights US Government’s efforts to boost carbon…
A recent report published by the National Energy Technology Laboratory (NETL) highlights the scale of the development of carbon capture storage (CCS) technology in the…
               
Integrity Council announces first high-integrity CCP-labelled carbon credits
According to a press release, The Integrity Council for the Voluntary Carbon Market (ICVCM) announced the “first carbon-crediting methodologies that meet its high-integrity Core Carbon…
               
Carbon removal technology could cost much more than…
Climeworks AG claims to have achieved a breakthrough that could halve the cost of removing a ton of carbon from the air. While this could…
               
One of world’s biggest carbon-offset projects withdraws from…
Carbon Green Investments, a company managing offset projects, has announced that it will immediately remove the Kariba forestry project, one of the biggest carbon offset…
               
NSTDA of Thailand and Asia Carbon Institute Join…
The National Science and Technology Development Agency of Thailand and Asia Carbon Institute signed a Memorandum of Understanding to advance the development of Carbon Credit…
               
Rewind unveils new protocol For marine carbon dioxide…
Rewind, a carbon removal and storage company, announced its new Marine Terrestrial Biomass Storage (MTBS) Framework Protocol in a blog post. The protocol intends to…
               
UK Nuclear Association unveils manifesto ahead of general…
Britain’s Nuclear Industry Association (NIA) has announced its planned industry manifesto for 2024 ahead of the general elections. According to Energy Live News, the manifesto…
               
Germany introduces draft law to advance onshore carbon…
The government of Germany has introduced a new draft law reform to boost onshore CO2 storage along with carbon storage projects under the sea. The…
               
US government’s new policy to govern usage of…
The US government introduced regulations to oversee the use of voluntary carbon credits to strengthen trust in a developing market. In the past, some high-profile…
               
Biden administration set to lay out first-ever broad…
Biden administration, led by Treasury Secretary Janet Yellen, will introduce the first US guidelines for carbon markets this week. This marks a significant step forward…
               
Australian state halts Glencore’s carbon storage project over…
The Queensland state government voiced its opposition to Glencore’s proposed carbon capture and storage project, citing the potential for irreversible damage to the groundwater crucial for farmers’ livelihoods.  Environment…
               
South Africa may move to WTO against EU’s…
According to Reuters, South Africa’s Trade Minister Ebrahim Patel said the country is considering lodging a formal complaint at the World Trade Organization against the…
               
NCX reveals reason behind termination of popular carbon…
The Natural Capital Exchange (NCX), a forest carbon project developer, in 2018 had commenced a carbon credits program but was discontinued after a term of…
               
Pilot carbon capture unit begins operations at ArcelorMittal’s…
A carbon capture unit operating on a blast furnace has started its trial run at ArcelorMittal’s facility in the Belgian city of Ghent.   According to…
               
UK to forego surplus carbon carry forward to…
As per the United Kingdom’s Climate Change Act, if total emissions are less than the limit set, the government can carry forward the surplus to…
               
US regulatory body investigates malpractice in the voluntary…
A commissioner at the US regulator informed that The Commodity Futures Trading Commission (CFTC), a US regulatory body, is investigating greenwashing as part of its effort…
               
Australia positioned to become $600 million carbon capture…
A press release by Australian Energy Producers reported that according to Wood Mackenzie’s article published in the 2024 Australian Energy Producers Journal, Australia could transform…
               
ClearBlue and Kita collaborate to enhance voluntary carbon…
According to a press release, ClearBlue and Kita are collaborating to “increase precision and integrity of carbon insurance models”. They plan to do so by…
               
China aims to extend its lead in green…
China is reportedly upping its competitive edge in advanced technologies to tackle global warming by making advancements in carbon capture storage (CCS) technologies.  Advanced technologies…
               
Heriot-Watt University uses AI to accelerate carbon capture…
As researchers globally look for advancements to address climate change, Heriot-Watt University achieved a breakthrough in carbon capture and storage (CCS) technology. CCS is a…
               
US advances decarbonisation efforts with carbon capture projects…
The Biden government is strategically focusing on carbon capture and storage (CCS) networks as a potential solution to accelerate the country’s decarbonisation process. This approach…
               
Carbon credit demand will exceed supply by 2030
Abatable, a carbon intelligence and procurement platform, said in a new report that the demand for carbon credit provided through the Carbon Offsetting and Reduction…
               
Net zero plans have limited ambition on ‘residual…
Research by the University of East Anglia highlights the most troubling sectors to decarbonise when countries reach net zero. Agrarian industries are expected to be…
               
Request Filed to Assess Pathways Alliance Carbon Capture…
A request was submitted to the Alberta Energy Regulator this week by a group of enviornmentalists and indigenous people regarding Pathways Alliance’s carbon capture network.…
               
Worley wins contract to develop Bayou Bend Carbon…
Worley, an Australia-based sustainability solutions company, has won a contract to develop and assess CO2 gathering, transportation and storage systems for the Bayou Bend carbon…
               
Indonesia’s state energy firm, Exxon, KNOC sign agreement…
Indonesia’s Pertamina, ExxonMobil, and South Korea’s KNOC agreed to develop a carbon capture and storage (CCS) hub in Indonesia.  Pertamina and ExxonMobil will collaborate on…
               
Investment manager steps into nature-based carbon credit market 
Octopus Investments has introduced a new Natural Capital Strategy to acquire UK land-based assets to generate carbon removal credits and other revenue streams.  This move…
               
Decision looms for Glencore’s carbon capture approval in…
This month, Queensland state in Australia will decide whether to approve Glencore’s request to bury liquefied carbon dioxide in the country’s largest aquifer. Farm groups…
               
Republican attorneys sue EPA over carbon rule 
Republican attorneys general from 27 US states, and industry trade groups filed lawsuits to block a new Environmental Protection Agency rule to reduce carbon emissions…
               
Confidential documents reveal carbon offsets are largely ineffective 
Staff at a prominent corporate climate action group, whose board proposed a plan allowing companies to offset supply chain greenhouse gas emissions with carbon credits,…
               
Major carbon credit programs receive initial approval amid…
Five of the largest carbon credit programs worldwide have received initial approval from a regulatory body dedicated to enhancing standards in the carbon offset market.…
               
Europe’s largest carbon capture project underway in Rotterdam…
Amidst the bustling Rotterdam port, engineers have embarked on Europe’s most ambitious endeavor to combat climate change: the construction of a groundbreaking carbon capture and…
               
Asia Carbon Institute Collaborates with EcoRegistry to Accelerate…
Singapore, 25 April 2024 –Asia Carbon Institute (ACI) is thrilled to announce its strategic partnership with EcoRegistry, a global registry platform known for its scalable…
               
Carbon removal registry reaches breakthrough by certifying first…
The newly launched Carbon Removal Registry Isometric made its debut on Monday, issuing its first credits to the Frontier fund led by Stripe.  While the…
               
Controversial practice of ‘avoided deforestation’ in Amazon raises…
A recently published report by the Washington Post documented the practice of ‘avoided deforestation’ in a the heart of the Amazon rainforest.  The Peruvian timber…
               
EU carbon price drop threatens funding for green…
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…
               
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…
US federal court rules in favor of environmentalists overturn Alaska oil lease sale

On Tuesday night, a federal court in Alaska overturned an oil and gas lease sale. The sale, which was required by the Biden administration’s climate […]

Danish startup secures $43 million to build full-scale decarbonisation plants

Again, a Danish startup, announced that it has secured $43 million in a Series A financing round to facilitate its goal of decarbonising and turning […]

EIB commits €400 million to enhance water security in Jordan 

The European Investment Bank (EIB) announced its largest water financing of €400 million in Jordan, aimed at improving “water availability, security and sustainability.”   The financing […]

Intersect Power secures $837 million financing for Texas battery storage projects

Intersect Power, LLC, announced the closing of two transactions totalling $837 million of financing commitments for the construction and operation of three standalone Battery Energy […]

SAF production capacity in the US to jump 1400% in 2024 

The US Energy Information Administration (EIA) reported that the production capacity of sustainable aviation fuel (SAF) in the United States may increase by 1400% in […]

Britain needs to act fast to meet 2030 climate target, says advisors 

Britain’s new Labour government must swiftly act to meet its 2030 climate target. According to the country’s climate advisers, current plans cover only a third […]