The price of carbon is up 180% in Australia. Research from RepuTex, a carbon market consultancy, believes that Australian Carbon Credit Units (ACCU) could reach $60 per ton. Right now, the price is $47 per ton. A limited supply of ACCU’s is the main reason behind the price increase. The Commonwealth’s Emissions Reduction Fund holds […]
Section 45Q of the US Internal Revenue Code offers a tax credit for each metric ton of carbon captured and sequestered. It ranges from ~$12 up to ~$50 for every ton of carbon captured and stored underground. These credits can be claimed even if the carbon is used to push oil out underground. California lawmaker […]
For years, timber harvests and development opportunities have been a source of income for landowners worldwide. Carbon credits are changing that. One metric ton of carbon is offset from the atmosphere for every carbon credit purchased. This happens through an environmental project, such as reforestation. The more carbon credits purchased, the greener a company can […]
Royal Dutch Shell has partnered up with EKI Energy from India to develop nature-based solutions for carbon capture. The JV is expected to invest $1.6 Billion over a 5-year period to develop 155 million Carbon Credits. EKI Energy, is the largest carbon credit developer and supplier from the developing world. They currently serve over 2,500 […]
Demand for carbon offsets in Asia is increasing across the global supply chain, IT, and banking industries. Many companies want to lower their carbon footprint, especially after COP26. One way they are doing this is through the use of carbon offsets. Carbon offsets are when a company offsets its carbon emissions by buying carbon credits. […]
Moss (MCO2), a blockchain carbon credit token company, recently listed on one of the world’s largest crypto exchanges, Coinbase. Moss is a Brazilian startup that created the first carbon credit-backed token used to offset greenhouse gas emissions. Since then, Moss has processed about $20 million in transactions and has assisted in the conservation of ~735 […]
Honeywell and the University of Texas at Austin have partnered together to drive down the cost of carbon capture from power plants and heavy industry. The UT Austin team has created a system that will improve carbon capture performance. This makes the process more efficient for industries such as steel, cement, chemical plants, coal, natural […]
A new report shows that Wall Street is the fifth-largest carbon emitter, coming in just after Russia and before Indonesia. In 2020, 8 of the largest US Banks and 10 of the largest US asset managers financed $2 billion tons of carbon emissions. Though major corporations have shared their support for net-zero initiatives, the “Wall […]
Six of the world’s major marine insurers have undertaken a ground-breaking project to give carbon emissions transparency and promote the shipping industry’s green transition. The Poseidon Principles for Maritime Insurance (PPMI) establishes a methodology for quantifying and disclosing the climate alignment of marine insurers’ underwriting portfolios. This aims at developing a sector-specific methodology to support […]