Vietnam has earned $56.5 million from the World Bank after cutting 10.3 million metric tons of carbon dioxide (CO₂) through forest protection and better land management. The payment covers verified emissions reductions from 2018 to 2019 in Vietnam’s North Central Region. It was made under the Emission Reductions Payment Agreement (ERPA) of the Forest Carbon […]
Amazon is making one of its biggest investments in nature-based carbon removal. The company has agreed to buy about half of the carbon credits expected from South Africa’s Bacon Tree Restoration Project. The large project will restore degraded land in the Eastern Cape while removing carbon dioxide from the atmosphere. The project is expected to […]
The aviation industry is under pressure to cut emissions, and carbon credits are crucial in this effort. A recent report from Abatable suggests that Southeast Asia has a strong chance of benefiting. If the Association of Southeast Asian Nations (ASEAN) governments approve more carbon credits under the global offsetting scheme, the region could earn between […]
Bitcoin is back in the spotlight after a sharp price drop. After climbing above $126,000 late last year, the world’s largest cryptocurrency has fallen below $60,000, losing more than half its value. Investors have responded to weaker economic conditions. Higher interest rates, profit-taking, and a lower appetite for risk also played a role. While much […]
The World Bank has made a major change to its climate strategy. It has dropped its target of directing 45% of its annual financing to climate-related projects after pressure from the United States. Although the bank says climate action remains a priority, the decision changes how it will measure its support for clean energy and […]
Google has reached another important climate milestone. Yet, the company says its biggest environmental goal is becoming more difficult to achieve. In its 2026 Environmental Report, Google announced a 2% reduction in its operational greenhouse gas emissions (Scope 1 and market-based Scope 2) for 2025. This came even though the company saw its highest annual […]
The artificial intelligence (AI) industry has seen one of its largest energy infrastructure partnerships. Brookfield Asset Management and Bloom Energy have expanded their strategic partnership from $5 billion to $25 billion. The fivefold increase will finance and deploy on-site power systems for AI data centers across the United States. The companies say the agreement will […]
The automotive industry is quietly reshaping one of its oldest engineering standards. After relying on copper wiring for nearly two centuries, leading automakers are increasingly replacing it with aluminum, particularly in electric vehicles (EVs). According to Reuters, Ferrari and BMW have expanded the use of aluminum wiring in their latest models, joining Tesla and several […]
The global aviation industry is facing a new climate challenge. Airlines might soon face challenges in getting enough quality carbon credits to follow international emissions rules. This could lead to an extra $127 billion in costs over the next ten years. An MSCI Carbon Markets analysis, as first reported by Financial Times, warns of a […]