The global carbon credit market in 2024 remained stagnant, valued at around US$1.4 billion, per MSCI report. Demand for carbon credits—measured by the number of credits “retired” or permanently used—did not grow significantly. Carbon prices, meanwhile, continued to fall. However, the market is showing signs of potential growth. With more companies committing to ambitious climate […]
Nickel’s importance stems from its role in enhancing battery energy density, improving EV range, and enabling a shift away from fossil fuels. To support this energy transition there has been a meteoric rise of nickel as a key material, particularly for batteries. But Nickel’s high demand has consequently sparked a supply strain. Let’s study the […]
California Resources Corporation (CRC) and its carbon management arm, Carbon TerraVault (CTV), announced the launching of California’s first carbon capture and storage (CCS) project at CRC’s Elk Hills cryogenic gas plant in Kern County. This is a huge milestone for reducing carbon emissions in the state. Francisco Leon, CRC’s President and Chief Executive Officer, said, […]
Carbon credits are vital components of global emissions trading strategies to lower emissions and global warming. But not everyone knows how to calculate carbon credits and price them. If you’re one of those wondering how carbon credits are calculated, then this article will guide you through from start to finish. It will help you […]
The U.S. Office of the Comptroller of the Currency (OCC) hired its first “climate cop” or chief climate risk officer, Dr. Yue (Nina) Chen to manage climate-related financial risks. OCC is the federal agency overseeing the largest banks in the U.S. The banking regulator reinforced its commitment to confront risks associated with climate change by […]
DeepMarkit announced that it is sponsoring and will co-host the Climate Week Blockchain Summit on September 20th. The event is organized by Flowcarbon and dClimate to occur during Climate Week New York City 2022, the biggest climate event in the world taking place from September 19-25 in NYC. Climate Week 2022 partners and sponsors include […]
ClimeCo has partnered with Enaleia to tackle plastic pollution in Kenya via a plastic collection project producing plastic credits under Verra. ClimeCo is a global sustainability company advancing the low-carbon future with market-based solutions. It’s a leading firm in the management and development of environmental commodities. Enaleia is a non-profit social enterprise addressing two problems […]
Climate tech firm Patch secured $55 million to scale their business to meet the growing demand for climate action through voluntary carbon markets. U.S.-based Energize Ventures led the Series B financing round with Singaporean sovereign wealth fund GIC as its new investor. Existing investors that joined include Coatue Management, Version One Ventures, and Andreessen Horowitz. […]
Are you looking to directly reduce your carbon footprint or support projects that cut emissions elsewhere? Then carbon credits allow you to do either of these. A carbon credit is also called carbon offset in the voluntary carbon market (VCM). Each credit goes through a general lifecycle process that starts from creation to retirement. Individuals […]