Entries by carbonfund

Japan Airlines Cuts CO₂ to 9.13M Tons, Expands Carbon Credit Strategy

Japan Airlines (JAL) is broadening its carbon credit and removal efforts to achieve net-zero CO₂ emissions by 2050. However, it does not view offsets as a substitute for cutting emissions from its aircraft. Instead, JAL is creating a layered decarbonization strategy. It starts with more fuel-efficient aircraft and operational upgrades, followed by sustainable aviation fuel […]

Tesla (TSLA Stock) Leads 2,500 Electric Class 8 Trucks. Microsoft, PepsiCo Back U.S. Freight Decarbonization

The U.S. trucking industry is taking a major step toward electrification as shippers move from pilot projects to large-scale fleet commitments. Smart Freight Centre and Catalyst Mobility, formerly CALSTART, have helped organize a 2,500-truck battery-electric Class 8 order through their Zero-Emission Truck Shipper-Carrier Alliance Leading Electrification (ZET SCALE) program. The organizations say the deal is […]

Mombak Targets $150M for Amazon Reforestation as Salesforce Joins Carbon Removal Buyers

Brazilian carbon removal company Mombak has reached the first close of its second reforestation fund, targeting $150 million to finance restoration projects in the Amazon. At the same time, Mombak has signed a multi-year carbon removal purchase agreement with Salesforce, adding another major corporate buyer to its growing customer base. The amount raised in the […]

SGE, GE Vernova, Hitachi, and Samsung C&T Target Europe With 4.2 GW BWRX-300 SMR Fleet

Europe’s small modular reactor (SMR) market is nearing commercial deployment. Governments and energy firms seek reliable low-carbon power to boost renewable energy. SGE, GE Vernova, Hitachi, and Samsung C&T signed a Memorandum of Understanding (MoU) to explore market opportunities for GE Vernova Hitachi’s BWRX-300 SMR in Central and Eastern Europe and the UK. The agreement […]

ADM Enters the VCM With 800,000 Tons of Carbon Removal Credits Certified by Puro.earth

ADM is moving deeper into the carbon removal market, planning to sell carbon removal credits generated by its large-scale carbon capture operation at its corn processing complex in Columbus, Nebraska. The project could bring more than 800,000 metric tons of annual carbon removal capacity into the voluntary carbon market (VCM), making ADM’s planned offering one […]

Paraguay and Taiwan Target 5 Million Carbon Credits in New Article 6 Deal

Paraguay and Taiwan are negotiating an agreement that could create a minimum market of 5 million carbon credits for climate projects in Paraguay. The two countries are working on an international transfer agreement that they expect to complete this year, according to Paraguay’s Ministry of Environment and Sustainable Development (MADES) official, Victor Gonzalez. The first […]