United Airlines Invests in Twelve for Sustainable Aviation Fuel

United Airlines Invests in Twelve for Sustainable Aviation Fuel

United Airlines is taking a bold step toward cutting its carbon footprint by investing in Twelve, a California-based company that makes Power-to-Liquid (PtL) fuels. This move is part of United’s Sustainable Flight Fund, and it supports the airline’s goal of cutting aviation emissions by 90% by 2050. The fund is designed to back new ideas that can make air travel cleaner.

Turning CO2 into Jet Fuel: How Twelve’s Tech Works

Twelve has built a new way to make jet fuel that doesn’t rely on crops, waste oils, or fossil fuels. Their patented process takes carbon dioxide (CO2) captured from the air or factories and mixes it with renewable electricity (like solar or wind power). The result is a liquid fuel that works like regular jet fuel but with much lower emissions.

This carbon transformation method creates a closed-loop carbon cycle. That means the CO2 used to make the fuel is the same CO2 released when planes burn it — no extra carbon is added to the atmosphere. By closing this loop, Twelve’s process helps slow climate change and reduces the need to pump new fossil fuels from the ground.

It also fixes another problem. Many traditional types of Sustainable Aviation Fuel (SAF) use materials like used cooking oil, animal fats, or crops such as corn and sugarcane. These feedstocks are limited and can be hard to get in large amounts. They also raise ethical questions about using farmland for fuel instead of food.

Twelve’s technology skips these issues entirely, making it easier to grow the SAF supply in the long run.

United’s investment comes after Twelve raised $83 million in its recent Series C funding round. The company is also building its first commercial facility, called AirPlant™ One, in Moses Lake, Washington. The plant will start operating this year and will produce 50,000 gallons of sustainable aviation fuel each year.

Backing the Future: United’s Sustainable Flight Fund

United Airlines is serious about finding new ways to make flying greener. The airline launched the Sustainable Flight Fund in 2023, raising over $200 million so far. Partners in the fund include Air Canada, Boeing, JPMorgan Chase, and other major companies.

The goal of the fund is to help new SAF projects grow faster. By putting money into companies like Twelve, United hopes to build up the supply of cleaner fuels and cut emissions without relying heavily on buying carbon offsets.

United is also unique among U.S. airlines for its long-term SAF focus. The company has invested in over 5 different SAF developers, including Fulcrum BioEnergy and Cemvita Factory. With these moves, United aims to secure steady supplies of SAF for its future flights.

Andrew Chang, head of United Airlines Ventures, noted:

“Scaling the SAF industry is the major hurdle air travel needs to clear in order to increase the supply and reduce the price of lower carbon fuels. Twelve has differentiated themselves through the capital they have raised and the SAF contracts they have secured.”

Why SAF Is So Important (and Growing Fast)

The aviation industry is under pressure to cut emissions. Planes account for about 2.5% of global CO2 emissions today, and demand for flights is still growing.

  • The International Air Transport Association (IATA) says airlines used only 300 million liters of SAF in 2022, but demand could grow to 7 billion liters by 2030.

That’s a huge jump, showing just how important SAF is becoming. Some key facts to know about this jet fuel:

  • Today, SAF makes up less than 1% of all jet fuel used globally.
  • Experts think the SAF market could be worth over $15 billion by 2030.
  • SAF can lower lifecycle emissions by up to 80% compared to fossil jet fuel.

Annual SAF demand range over the main and accelerated cases compared with capacity potential, 2020-2026

Annual SAF demand range 2026
Source: IEA

Even though SAF is good for the planet, it still costs 3 to 5x more than regular jet fuel. That’s why government policies are helping. For example, the U.S. Inflation Reduction Act (IRA) offers tax credits for low-carbon fuels, making SAF cheaper to buy. The European Union also passed rules requiring airlines to use increasing amounts of SAF starting in 2025.

Many believe that as technology improves and more SAF is made, costs will drop to match regular fuel prices by the early 2030s.

How Twelve Fits into the Bigger Picture

Twelve is one of the few companies working on Power-to-Liquid (PtL) SAF, which uses only CO2 and clean energy instead of crops or oils. This means their fuel can be scaled up faster without competing for food or farmland.

Twelve e-jet SAF

In 2023, Twelve opened its first demonstration plant in Moses Lake, Washington, to show that the technology works. Their long-term plan is to build bigger facilities that can produce millions of gallons of PtL SAF each year.

The U.S. Department of Energy has recognized PtL as a promising option for deep decarbonization. Studies show PtL fuels could cut aviation emissions by up to 90%, depending on how clean the electricity source is.

For United, working with Twelve is more than just cutting emissions — it’s about staying ahead of competitors. Many airlines still depend on buying carbon offsets to meet their climate goals. United wants to lead with direct emission cuts, which experts say is a stronger, more reliable strategy.

What Other Airlines Are Doing

United isn’t the only airline betting on SAF:

  • Delta Air Lines partnered with Gevo to buy 385 million gallons of SAF over seven years.
  • American Airlines signed a deal with Aemetis for 350 million gallons over 10 years.
  • Lufthansa, KLM, and British Airways are also working with SAF producers like Neste and Velocys.

However, most of these deals are focused on SAF made from used cooking oil, fats, and biomass — not PtL. United’s early and large investment in Power-to-Liquid SAF sets it apart from airlines still relying mostly on crop-based or waste oil SAF.

What’s Next? A Greener Future for Aviation

The future of flight is changing fast. Analysts predict that investments like United’s could speed up a major shift in aviation. As governments around the world set stricter rules on emissions and offer more support for low-carbon technologies, SAF use is expected to soar.

If SAF production grows as hoped, airlines could shrink their carbon footprints by 40% to 70% in the next 20 years.

United’s investment in Twelve and other clean fuel companies shows it’s not just following the trend — it’s trying to shape the future of sustainable travel. The airline’s plan is to use a mix of SAF sources, from waste oils to PtL fuels, to make sure it can meet rising demand.

The post United Airlines Invests in Twelve for Sustainable Aviation Fuel appeared first on Carbon Credits.

Tencent Partners with Temasek-Backed GenZero to Boost Carbon Credits

Tencent Partners with Temasek-Backed GenZero to Boost Carbon Credits

Tencent, one of China’s largest technology companies, has made a significant move towards sustainability by forming a partnership with GenZero, a Temasek-owned investment platform. This partnership focuses on buying carbon credits and is part of Tencent’s plan to reach its environmental and climate goals.

Tencent is securing carbon credits to show its commitment to cutting its carbon footprint. This also helps the global fight against climate change.

The Key Elements of the Partnership

The partnership between Tencent and GenZero is formalized under a Memorandum of Understanding (MoU). Through this agreement, Tencent has the option to purchase 1 million carbon credits from GenZero. It will use these credits to offset residual emissions—the hard-to-abate emissions from both its operations and supply chain.

Credits should come from projects that lower greenhouse gas emissions or capture carbon in the air. Tencent’s involvement shows that big companies are increasingly investing in environmental sustainability. The specific volume of carbon credits and financial details are not disclosed.

GenZero plays a key role in the carbon market. It helps keep carbon credit transactions honest and clear. Their portfolio typically includes projects in reforestation, afforestation, biochar, and carbon capture technologies.

This partnership seeks to boost the carbon credit market’s credibility. It does this by backing projects that are effective and verifiable.

Growing Demand for Carbon Credits

The global carbon credit market is growing quickly. This growth is due to stronger regulations and more businesses committing to sustainability. With the world under pressure to reduce greenhouse gas emissions, carbon credits are now a valuable tool for companies to help offset their environmental impact.

Businesses can buy carbon credits to help projects that cut emissions or capture carbon. These projects include reforestation and renewable energy initiatives.

The carbon credit market is set to grow a lot in the next decade. Some projections say it could reach over $250 billion by 2050. This surge comes from stricter climate rules and rising demand. Companies want to meet their climate goals, and carbon credits are one option to consider. 

carbon credit market value 2050 MSCI
Source: MSCI

Tencent’s Roadmap to Carbon Neutrality by 2030

In February 2022, Tencent shared its plan for carbon neutrality by 2030 as shown below. They also pledged to use 100% green electricity. The company’s targets—validated by the Science Based Targets initiative (SBTi)—align with the 1.5°C global warming goal.

Tencent carbon neutrality roadmap
Source: Tencent

To meet this goal, the company is focusing on three key strategies:

In 2023, Tencent reported total greenhouse gas (GHG) emissions of 5,793,823.7 tCO2e, with the following breakdown:

  • Scope 1 (direct emissions) accounted for 4.75% of the total,
  • Scope 2 (emissions from purchased energy) made up 44.21%, and
  • Scope 3 (supply chain and other indirect emissions) represented 51.04%.

Tencent’s strategy prioritizes direct emissions reduction while minimizing reliance on carbon offsets. The tech company is boosting resource efficiency. They are reducing energy use per output unit. They do this by using high-performance servers, advanced cooling systems, and better server use.

Moreover, Tencent used artificial intelligence (AI) to run data center operations. This cut electricity use by about 5,000 MWh. It also helped avoid 2,851.5 tonnes of carbon emissions in 2023.

A major part of the plan involves expanding renewable energy use. Tencent actively participates in China’s green power trading market and has steadily increased green electricity consumption.

In 2023, it purchased 604,277.1 MWh of green power—up 79.6% from 2022—avoiding 344,619.2 tonnes of carbon emissions. It also increased rooftop solar installations at its data centers. By the end of 2023, total capacity reached 52.2 MW, a 166.3% rise from the previous year.

The share of renewable electricity in Tencent’s total energy mix rose from 7.2% in 2022 to 12.4% in 2023. For hard-to-abate supply chain emissions—such as from equipment procurement and building materials—Tencent plans to use carbon credits to meet its 2030 carbon neutrality goal. Accelerated action is also underway to reduce emissions from AI-driven cloud computing services.

The Future of Carbon Credits and Climate Finance

Tencent’s partnership with GenZero shows a growing trend. Companies across different sectors now see carbon credits as key to their environmental plans. As demand for carbon credits grows, the need for clear markets also increases. Companies want to invest in projects that reduce emissions.

GenZero knows carbon markets well. This will help Tencent and other companies make sure their investments lead to real, measurable environmental benefits.

The global carbon market is changing. Digital platforms and new monitoring technologies help companies access carbon credits more easily. These advances should lower transaction costs. They will also boost the efficiency of carbon credit trading, which will help the market grow.

For companies like Tencent, these platforms offer new chances to invest in emission reduction projects and help them meet their sustainability goals.

Tencent’s partnership with GenZero is an important step in the company’s ongoing efforts to achieve its sustainability goals. By purchasing carbon credits, the Chinese company is taking responsibility for its own emissions. It is also contributing to the larger global effort to combat climate change.

This collaboration also highlights the growing role of the private sector in climate finance. As companies around the world begin to recognize the financial and reputational benefits of sustainability, it is likely that more businesses will follow Tencent’s lead by engaging in the carbon credit market. By doing so, these companies can not only reduce their own environmental impact but also support the global transition to a low-carbon economy.

The post Tencent Partners with Temasek-Backed GenZero to Boost Carbon Credits appeared first on Carbon Credits.

SolarBank and CIM Group Announce $100M to Power 97 MW of U.S. Renewable Energy Projects

solar

Disseminated on behalf of SolarBank Corporation

SolarBank Corporation (NASDAQ: SUUN; Cboe CA: SUNN; FSE: GY2) is growing its solar footprint in the U.S. It has signed a new deal with a California-based renowned real estate and infrastructure investor, CIM Group. This deal provides project-based funding of up to $100 million and will support solar projects with a combined capacity of 97 megawatts (MW) across the country.

Dr. Richard Lu, President and CEO of SolarBank, said,

“The financing is another major milestone in SolarBank’s plans to grow its status as an independent power producer. Assuming full funding, SolarBank will retain a majority ownership interest in what is expected to be 21 solar energy projects with a total capacity of 97 MW. The Transaction has been structured such that SolarBank does not have to issue any new shares, as the financing is being completed at the project company level.”

SolarBank’s Joint Venture Structure and Financing Details

CIM is a real estate and infrastructure firm focused on community development with ESG goals intact. Since 1994, it has invested over $60 billion to improve neighborhoods across the U.S. The company manages all stages of a project. From research and planning to daily operations and final sale.

Kyle Hatzes, Managing Director, Infrastructure & Impact Investments, CIM Group, further confirmed,

“CIM Group has a long history of developing and investing in essential infrastructure projects that seek to benefit communities and the environment. This transaction with SolarBank to grow its portfolio of solar projects underscores our ongoing commitment to the renewable energy sector and our focus on supporting innovative companies leading the energy transition across North America.”

The funding will be structured through a joint venture called “New HoldCo,” formed by CIM and Abundant Solar Power Inc. (ASP), a fully owned subsidiary of SolarBank.

Under the agreement, CIM will invest in non-convertible preferred equity in the newly created entity. Importantly, SolarBank is not issuing any shares or securities as part of this transaction.

New HoldCo is set to acquire project companies from ASP that collectively own 97 MW of solar capacity. The purchase will occur in two phases:

  • 20% of the purchase price will be paid when a project reaches mechanical completion.
  • The remaining 80% will be provided upon substantial completion.

solarbank

Tax Credit Transfers and Financial Returns

Each solar project will earn Investment Tax Credits (ITCs). These credits will be sold to qualified buyers. These sales will follow Section 6418 of the Internal Revenue Code. Tax credit transfer agreements (TCTAs) will formalize these transactions. CIM will keep 100% of the revenue from these tax credit sales.

CIM will earn a 3% annual coupon on its investment. This payment is made twice a year. After this payment, the remaining cash flow from the projects will go to ASP.

SEE MORE: Latest Solar Price Chart 

Exit Strategy and Redemption Terms

New HoldCo can redeem CIM’s preferred equity 180 days after the fifth anniversary of the last project’s launch. The redemption value will be the higher of the fair market value or a set multiple of CIM’s initial investment.

Additionally, if New HoldCo decides not to redeem, CIM can request redemption at the lower value of the fair market price or the same investment multiple.

If a project is liquidated, damaged, or faces similar events, proceeds will be split according to the original contributions made by each party.

Challenges and Conditional Requirements

Despite the positive outlook, the deal comes with several risks. SolarBank must secure interconnection approvals, sign solar contracts, and obtain all required permits. The company also needs to secure third-party financing to keep the projects moving. Construction delays or cost overruns could pose further challenges.

Most importantly, if the government changes or removes solar incentives, the projects may no longer remain financially viable.

Moreover, the funding from CIM is subject to the signing of final agreements. If these aren’t finalized or key conditions fail, funds won’t be released. SolarBank also needs to secure capital for important construction milestones. The CIM funding comes only after achieving mechanical and substantial completion.

However, this deal with CIM Group shows great trust in SolarBank’s U.S. projects and growth plans. The $100 million financing will work if it gets regulatory approval. It also depends on construction moving forward and government policies supporting solar energy.

SolarBank
Source: SolarBank

MUST READ:

Community Solar: Current Market Landscape and Growth Projections

As of June 2024, the United States has about 7.87 gigawatts (GW) of community solar capacity. This capacity is spread across 44 states and the District of Columbia.

In the third quarter of 2024, the community solar segment installed 291 megawatts direct current (MWdc). This is a 12% increase compared to the same period in the previous year. This growth underscores the sector’s resilience and expanding appeal.

Solar Bank’s community solar achievements include: 

  1.  7.2 MW North Main Community Solar Project in New York 
  2. Expands Community Solar in New York with 14.4 MW Project
  3. Commences its First 4.99 MW BESS Project in Ontario 

community solar

SolarBank: Opportunities Amid Tariff Hikes

With rising tariffs on solar products from Southeast Asia, U.S.-based companies like SolarBank Corporation could seize new opportunities. SolarBank, which focuses on solar energy, battery storage, and EV charging solutions, does not manufacture solar panels but imports them for its projects. Notably, the company does not source from the Southeast Asian nations affected by the new tariffs, minimizing immediate impact.

These tariffs are expected to drive up the cost of imported panels, potentially increasing demand for domestic solar products. SolarBank, with a strong U.S. presence, may benefit by sourcing panels locally. U.S. solar stocks have already seen a rise since the tariff announcement, strengthening the business case for companies like SolarBank, which can reduce supply chain risks by focusing on domestic production.

Regarding the recent tariffs, Dr. Richard Lu, President and CEO of SolarBank, commented:

“We continue to execute on our development pipeline of community solar projects. I also want to comment on the recent announcement of increased tariffs on south-east Asia solar cells and SolarBank’s plans to manage its supply chain.

SolarBank has not been importing solar panels from any of the four countries that are subject to the tariffs announced by the U.S. Department of Commerce on April 21, 2025. As a result its present operations are not affected by this announcement. In addition, SolarBank has been exploring sourcing solar panels from other jurisdictions such as the Middle East and North America, where (domestic assembled) solar panels are becoming cost competitive with the panels imported from Asia. SolarBank also has significant development opportunities in Canada where solar panels are not subject to the same tariffs. Finally, I am expecting that electricity costs will increase in response to these tariffs which will further mitigate the financial impact on projects.

Overall, SolarBank is well positioned to manage this risk.”

solarbank

SolarBank’s growth strategy in North America positions the company to capitalize on emerging clean energy markets in both the U.S. and Canada. By focusing on regions with high demand for renewable energy infrastructure, SolarBank is strategically aligning its operations to meet the growing need for community solar, energy storage, and sustainable energy solutions. This approach not only strengthens its market presence but also ensures the company is well-positioned to benefit from the ongoing transition toward green energy.

This report contains forward-looking information. Please refer to the SolarBank press release entitled “US$100 Million Transformative, Project Financing Announced by SolarBank and CIM Group to Fund 97 MW of Renewable Energy Assets in the United States” for details of the information, risks and assumptions.


Disclosure: Owners, members, directors, and employees of carboncredits.com have/may have stock or option positions in any of the companies mentioned: None.

Carboncredits.com receives compensation for this publication and has a business relationship with any company whose stock(s) is/are mentioned in this article.

Additional disclosure: This communication serves the sole purpose of adding value to the research process and is for information only. Please do your own due diligence. Every investment in securities mentioned in publications of carboncredits.com involves risks that could lead to a total loss of the invested capital.

Please read our Full RISKS and DISCLOSURE here.

The post SolarBank and CIM Group Announce $100M to Power 97 MW of U.S. Renewable Energy Projects appeared first on Carbon Credits.

Google, Shell Extend NoordzeeWind Offshore Wind Energy Deal

In a major step for sustainable energy, Google has signed a Power Purchase Agreement (PPA) with Shell. This deal will extend the life of the NoordzeeWind offshore wind farm in the Netherlands. The partnership not only extends the life of the country’s first offshore wind project but also helps both companies achieve their goal of a carbon-free energy future.

Google and Shell Join Forces in Renewable Energy

Google and Shell aim to add five years to the NoordzeeWind offshore wind farm’s life. Started in 2007, this facility can power about 40,000 Dutch homes. Now, expanding operations will also meet local energy needs and supply carbon-free power to the grid.

The press release reveals that Google bought 100% of the wind farm’s 108-megawatt capacity. This deal allowed Shell to get permit extensions and invest in important upgrades and prevented an early shutdown of a valuable clean energy source. It’s also Google’s biggest offshore wind energy deal so far.

Frans Everts, CEO of Shell Netherlands, says,

“With NoordzeeWind, Shell has not only shown that offshore wind energy is technically and financially feasible, we have also learned a lot. And we are applying those lessons to our other three wind farms in the Dutch part of the North Sea. There is more to it. “At the end of the wind farm’s lifespan, we will show how we can dismantle and reuse the material as much as possible.”

Unlocking Shell’s NoordzeeWind Facility

Google revealed,

  • Shell NoordzeeWind is the oldest and first offshore wind farm to undergo a life extension in the Netherlands.

On a broader scale, extending its life can help the country reach its goal of 70% renewable energy by 2030. This partnership might lead to new energy collaborations and could reap global benefits.

Shell revealed that it became the sole owner of the NoordzeeWind offshore wind farm in March 2021 after buying out its partner, Nuon (now Vattenfall). The wind farm has 36 turbines spread over 27 square kilometers. It sits 10 to 18 kilometers off the coast and is even visible from the beach on clear days.

Before extending operations for nearly five more years, Shell had the wind farm thoroughly checked by DNV, an independent certification company. The review made sure everything is safe and working well.

Here’s a tour of the massive wind farm:

Key points of the PPA include:

  • Extended Duration: A five-year extension ensures a steady energy supply from this established source.

  • Sustainability Commitment: This deal helps both companies with their sustainability goals. It also cuts down their carbon footprints.

  • Market Implications: These partnerships may draw more investments in renewable energy. This could encourage other companies to seek similar deals.

Going forward, Shell will also focus on protecting nature. For example, the company plans to shut down turbines during bird migration to reduce harm to wildlife.

Google’s Wind Energy Deals Boost Clean Power in Netherlands and Italy

  • In the Netherlands, Google has supported over 1 gigawatt of clean energy capacity through power purchase agreements

Last year in February, Google announced its biggest offshore wind project in the Netherlands, aiming to power its data centers and offices with over 90% carbon-free energy by 2024.

It signed new agreements with Shell and Eneco to support 478 megawatts from two offshore wind farms, HKN V and HKW VI. These subsidy-free projects were expected to supply around 6% of the country’s electricity and support innovation and ecology.

In Italy, Google signed its first long-term deal with ERG for a 47-megawatt onshore wind project. This move was set to help Google’s Italian offices and cloud regions reach over 90% carbon-free energy by 2025.

  • All these efforts support Google’s goal of net-zero emissions in its supply chain by 2030.

Google emissions

Future of Offshore Wind Energy

Google and Shell work together to show how renewable energy can thrive. As the world moves toward carbon-free energy, offshore wind farms will play a crucial role.

  • According to Bloomberg New Energy Finance, the global offshore wind market is growing. Investments are expected to hit about $100 billion a year by 2030.
  • The European Wind Energy Association says that offshore wind energy in Europe may reach 450 gigawatts (GW) by 2030.

wind energy Europe

The alliance between Google and Shell is a significant step for sustainable energy. By extending an offshore wind farm’s life, they lead the way for others. This shows their commitment to cutting carbon emissions and using cleaner energy sources.

The post Google, Shell Extend NoordzeeWind Offshore Wind Energy Deal appeared first on Carbon Credits.

Removall and Sumitomo Team Up to Expand High-Quality Carbon Credits – EXCLUSIVE Interview with Removall CEO Jérôme Beilin Inside

africa mangrove

Removall, the France-based carbon project developer, and Sumitomo Corporation have launched a joint venture called Summit Removall. This venture will co-invest in high-quality, nature-based carbon credit projects globally. It combines Removall’s carbon project development skills with Sumitomo’s strong global presence, especially in Asia. Together, they aim to increase access to premium carbon credits and support climate goals.

This venture will fund and manage certified carbon projects that remove and reduce greenhouse gases. The two companies will also handle the sales of carbon credits to their customers. They will balance their efforts across Europe, Asia, and the Americas.

Yusuke Kinoshita, General Manager of Carbon Solution Business Unit at Sumitomo Corporation, added:

We are thrilled to collaborate with Removall on this significant venture, and we are genuinely excited about what we can achieve together. This partnership aligns perfectly with Sumitomo Corporation’s commitment to sustainability and our goal to contribute to nature-positive and our corporate message ”Enriching Lives and the
World”. By investing in high-quality carbon projects like Mozblue, we are not only supporting ecological restoration but also enhancing our capabilities to deliver impactful environmental solutions on a global scale. We deeply appreciate Removall’s expertise in carbon credits, which will enable us to make an even greater impact”.

Removall is a certified carbon project developer that helps companies and organizations meet their climate goals. They enable them to support, fund, or invest in high-quality carbon projects that deliver real environmental impact.

Flagship Investment: Africa’s Largest Mangrove Restoration Project

Summit Removall’s first big investment is MozBlue Phase 1. This project begins Africa’s largest mangrove restoration project in Mozambique. Developed by Blue Forest and Removall, it aims to restore 5,116 hectares of mangrove forests.

  • MozBlue Phase 1 began operations in November 2024.

  • It expects to generate about 2.5 million tons of blue carbon credits over 40 years.

  • The project will use CCB and VCS VM0033 methods. This will help meet high environmental and social standards.

Mangroves are highly effective carbon sinks. They absorb more CO₂ than tropical forests. They also protect coastlines, support biodiversity, and improve local water quality.

mangrove restoration Sumitomo Corporation,
Source: Sumitomo Corporation
  • In an EXCLUSIVE INTERVIEW with Jérôme Beilin, CEO and Co-Founder of Removall, he has shared his valuable insights with CarbonCredits.com

CC:  What strategic goals do Removall and Sumitomo Corporation aim to achieve through the creation of Summit Removall?

Jérôme Beilin: Removall and Sumitomo Corporation both aspire to become key carbon markets players in the coming years.

Removall, as a project developer, investor, and carbon credit retailer working with premium corporate end-users, intends to grow its investing capacities thanks to Summit Removall, and develop its commercial presence in Asia.

Thanks to this joint venture, Removall will grow its existing portfolio of 6 projects through a portfolio of 15+ projects in the next couple of years.

Sumitomo Corporation is willing to enter the carbon markets with investments in top-quality, high-integrity, and rare blue carbon projects, as well as securing premium carbon credits for their customers across several industries.

The platform’s goal is to invest in multiple international projects that deliver significant medium- and long-term carbon removal from the atmosphere.

CC: Why was the MozBlue Project in Mozambique chosen as the first investment? 

Jérôme Beilin: MozBlue was chosen as the first investment for this Joint Venture between Removall and Sumitomo Corporation for several reasons:

First, this is the 1st phase of the largest mangrove restoration initiative in Africa, with 5 200 hectares to be restored in the 1st phase, but more than 40 000 hectares potential. And we are looking for mangrove restoration at scale.

Second, the project is led by Blue Forest. Blue Forest is a pioneering developer of community-led ecological mangrove restoration projects in Africa and around the world. The UAE-based company specializes in large-scale initiatives and aims to restore natural ecosystems while generating co-benefits for local communities and creating long-term value.

Indeed, the MozBlue project is developed by Removall together with Blue Forest and a very strong consortium of partners such as the Mozambican branch of Eden Reforestation (a US based NGO specialized in ecosystem restoration with a solid expertise on mangrove restoration), Silvestrum (a US based environmental consulting firm having developed the VCS mangrove methodology VM00033), Terra-Firma, and Avante, two Mozambican consulting firms experts in community-based approach and local communities engagement.

CC: What makes mangrove restoration a compelling climate solution?

Jérôme Beilin: Mangroves are among the world’s most effective carbon sinks, playing a crucial role in the fight against climate change. They absorb significantly more CO₂ than tropical forests, making them vital for climate change mitigation. Additionally, mangroves support biodiversity conservation and provide essential benefits to local communities.

Despite their importance, only a small fraction of the approximately 5,400 certified carbon credit projects worldwide focus on mangrove-related carbon sequestration with biodiversity co-benefits.

By investing in Mozambique’s MozBlue Project — the largest mangrove restoration initiative in Africa — Removall and Sumitomo Corporation are helping to expand the supply of rare blue carbon credits.

The MozBlue project will deliver such co-benefits. In addition to supporting the growing global market for decarbonization, these projects will also create employment opportunities for local communities involved in mangrove plantation, improve livelihoods, and contribute to nature-positive efforts such as providing habitats for living creatures and water purification.

CC: How will Summit Removall ensure the integrity and certification of the carbon credits generated from its projects?

Jérôme Beilin: The MozBlue Project is listed under the Verified Carbon Standard (VCS), using the most recent methodology for Blue Carbon Project: the VM0033 (Methodology for Tidal Wetland and Seagrass Restoration v2.1).

As the program shows incredible biodiversity and social impacts, the MozBlue Project will be double certified through an additional CCB certification (Climate, Community and Biodiversity).

This dual certification will establish the project as environmentally and socially responsible, providing transparency and accountability in reporting.

The quality of the project has been thoroughly studied by our expert team and through our risk management process.

Best-in-Class MRV methodology procedures (including remote sensing and field surveys) will be followed and will also be completed through regular field visits by our team. Regarding additionality, the project is developed in a Least Developed Country.

As for the carbon potential of the project, we use very conservative estimations to calculate the carbon credit emissions, including conservative assumptions on the project baseline. The project carbon curve and baselines, as well as the PDD, are done by the world best carbon expert for Blue Carbon projects. Moreover, Blue Forest is taking a very conservative approach on carbon calculations sheets which strengthen the project robustness.

CC: How will local communities in Mozambique benefit from the MozBlue Phase 1 project in terms of employment and ecosystem services?

Jérôme Beilin: In addition to its decisive environmental impact, the first phase of the project will create over 700 direct jobs and multiple indirect jobs, reaching over 50 local communities, representing more than people.

Through an innovative and ambitious benefit-sharing scheme, the project will also fund income-generating community activities such as the cultivation of alternative wood to mangroves, fishing, farming, livestock, and beekeeping.

CC: Looking ahead, what types of carbon removal projects and regions will Summit Removall prioritize for future investments?

Jérôme Beilin: Removall and Sumitomo Corporation are mainly looking for any Nature Based Solutions removal projects as of today. We can also evaluate carbon avoidance projects, especially on clean water access and clean cooking in emerging countries.

As we don’t have geographical restrictions, we are open to any geography. In fact, we are currently evaluating other investment opportunities in Africa, Asia, Latin and Central America.

Why Blue Carbon Projects Matter

Despite their benefits, mangrove restoration projects are rare in the carbon market. Of 5,400 certified carbon credit projects worldwide, only a few focus on mangroves. With increasing demand for blue carbon credits, which relate to ocean-based carbon removal, projects like MozBlue are essential.

blue carbon

By investing in this Mozambique initiative, Removall and Sumitomo Corporation are increasing the limited global supply of blue carbon credits. They are also:

Scaling Nature-Based Solutions Globally

MozBlue is just the beginning of this climate initiative. Blue Forest aims to restore and protect up to 155,000 hectares of mangroves in Mozambique in the coming years. Future phases will plant native mangrove species. This will help climate and biodiversity in the long term.

Summit Removall, Removall, and Sumitomo Corporation will look for high-quality, nature-based carbon credit investments worldwide. This joint platform will focus on projects that make high-quality carbon removal credits. These credits will be sold to companies in Europe, Asia (like Japan), and the Americas.

Africa’s Growing Role in the Carbon Credit Market

In 2024, the global market produced about 290 million tons of carbon credits. Africa contributed 20%, or 59 million tons. By 2030, Africa could produce as much as 2.4 billion tons of carbon credits each year. This shows significant growth potential.

Carbon credits market

Thus, Removall and Sumitomo Corporation will work together in this growing market and tap every opportunity to boost the carbon credit market.

The post Removall and Sumitomo Team Up to Expand High-Quality Carbon Credits – EXCLUSIVE Interview with Removall CEO Jérôme Beilin Inside appeared first on Carbon Credits.

Is Disney’s Net-Zero Game as Strong as Its Revenue Surge?

disney

The Walt Disney Company delivered a strong performance in the second quarter of fiscal 2025, ending March 29. Total revenue rose to $23.6 billion, a 7% increase compared to $22.1 billion in the same quarter last year. This growth was driven by improved performance across multiple segments, especially entertainment and experiences.

Net Income had a significant turnaround, with a $3.3 billion improvement year-over-year. This signaled a strong financial recovery and operational efficiency across the board.

disney revenue
Source: Disney

Moving on to the question, is the top entertainment provider’s sustainability game equally on point as its revenue? Let’s analyse and find out the answer.

Walt Disney’s Q2 2025 Segment Performance

Segment operating income climbed to $4.4 billion, up 15% from Q2 2024. Diluted earnings per share (EPS) reached $1.81, a sharp turnaround from the $0.01 loss reported last year. Adjusted EPS rose 20% to $1.45, surpassing analyst estimates of $1.20.

  • Entertainment: Strong growth, driven by streaming and content sales. Direct-to-consumer (DTC) operating income rose sharply to $336 million from $47 million a year ago.
  • Experiences (Parks, Resorts, Cruises): Revenue grew 6% to $8.9 billion, with operating income up 9% to $2.5 billion.
  • Streaming: Disney+ added 1.4 million subscribers, reversing previous quarter losses, reaching 126 million total subscribers. Hulu SVOD grew by 1.3 million, totaling 54.7 million subscribers.

Strategic Developments

  • Theme Parks: Disney announced its seventh theme park and resort, to be built in Abu Dhabi in partnership with Miral, marking a major international expansion.
  • Streaming Partnerships: Collaboration with Whale TV to expand digital content offerings, supporting growth in Disney+, ESPN, and Hulu.
  • ESPN: Continued investments, with a new direct-to-consumer offering planned for later in the year

Market Reaction

  • Disney’s strong Q2 2025 results led to a 9–10% surge in its stock price, reflecting renewed investor confidence.

Robert A. Iger, Chief Executive Officer, The Walt Disney Company, noted, 

“Our outstanding performance this quarter—with adjusted EPS(1) up 20% from the prior year driven by our Entertainment and Experiences businesses—underscores our continued success building for growth and executing across our strategic priorities. Following an excellent first half of the fiscal year, we have a lot more to look forward to, including our upcoming theatrical slate, the launch of ESPN’s new DTC offering, and an unprecedented number of expansion projects underway in our Experiences segment. Overall, we remain optimistic about the direction of the company and our outlook for the remainder of the fiscal year.”

Disney Targets Net-Zero Emissions by 2030

Since 2009, The Walt Disney Company has aimed to achieve net-zero greenhouse gas (GHG) emissions from its direct operations. Now, it is pushing further by aligning its climate targets with the Paris Agreement and the Intergovernmental Panel on Climate Change (IPCC).

In 2023, the Science-Based Targets initiative (SBTi) officially validated Disney’s updated emissions goals. These include new quantitative, time-bound targets for both direct (Scope 1 & 2) and value chain (Scope 3) emissions.

Where Disney’s Emissions Come From

  • Scope 1 & 2: Direct emissions mostly arise from energy use in theme parks, resorts, corporate offices, and fuel used by Disney Cruise Line.
  • Scope 3: Indirect emissions span across the supply chain—from consumer product manufacturing and food services to film and TV production.

2030 Climate Commitments

Disney’s climate action plan is built on strong, measurable goals:

  • Cut absolute Scope 1 and 2 emissions by 46.2% by 2030, compared to 2019 levels
  • Reach net-zero direct emissions by 2030
  • Use 100% zero-carbon electricity across global operations by 2030
  • Invest in certified natural climate solutions
  • Drive Scope 3 reductions by engaging suppliers, licensees, and partners
disney emissions
Source: Disney

Disney’s 4-Step Strategy to Reduce Scope 1 & 2 Emissions

The figure displayed below shows that Disney’s total emissions (Scope 1 + Scope 2) in 2023 were 1.72 million metric tons CO₂e. This means emissions were significantly more than its 2022 data.

Thus, to meet its 2030 net-zero goal for direct operations, Disney is following a data-driven emissions reduction hierarchy:

  1. Designing low-emission infrastructure: Prioritize energy-efficient, sustainable design in new builds and renovations.
  2. Boosting efficiency: Improve energy and fuel efficiency across all facilities and fleets.
  3. Switching to low-carbon energy: Replace high-emission energy sources with renewables and cleaner fuels.
  4. Nature-based solutions: Invest in certified natural climate solutions to balance remaining emissions.
walt Disney emissions
Source: Disney

Cutting Scope 3 Emissions Across Its Value Chain

Disney is taking bold steps to reduce Scope 3 emissions. After reviewing over 100 strategies, the company picked the most impactful and cost-effective ones. These actions focus on the following:

  • Low-Carbon Products: Using low-emission materials and improving production methods to cut carbon emissions. Supporting suppliers in shifting to renewable energy and cleaner technologies.

  • Supplier & Licensee Action: Helping partners set science-based climate goals and collaborating across industries to drive broader emission cuts.

  • Sustainable Media Production: Adopting eco-friendly practices in TV and film projects while reducing emissions across studio operations.

  • Clean Tech & Collaboration: Investing in low-carbon innovations and working with suppliers and peers to scale impact across sectors.

By acting across its supply chain, Disney is working to meet its climate targets and lead sustainable change in the entertainment industry.

Push for 100% Zero-Carbon Electricity by 2030

Disney plans to power all its direct operations with 100% zero-carbon electricity by 2030. Most of its electricity use happens at its global theme parks and resorts and major campuses in cities like Los Angeles, New York, and Bristol.

Since each location has unique energy challenges, the company is using a smart, step-by-step plan to reach its clean energy goals.

Powering Up With Clean Energy

On-Site Solar Projects

It’s giving priority to sites where clean energy can be used directly, such as at its theme parks. For example, in 2023, Shanghai Disney Resort added 1.3 megawatts of solar panels, while Hong Kong Disneyland became the city’s largest solar site.

Green Power From Utilities

In places where on-site generation isn’t enough, Disney is teaming up with utility companies to buy clean energy directly. This includes using green power programs or working with regulators to develop fair renewable energy pricing for all customers.

Power Purchase Agreements (PPAs)

Disney will also sign agreements with renewable energy projects to buy electricity, either directly or virtually. These deals help bring more clean energy to the grid and offer flexibility when on-site options aren’t available.

Energy Certificates

As a backup, the company plans to buy high-quality Energy Attribute Certificates (EACs) to match any remaining electricity use with clean energy. This ensures every unit of power is carbon-free.

By combining these four strategies, Disney aims to ensure all its electricity comes from zero-carbon sources, directly or through verified offsets.

Disney Leads the Way in Low-Carbon Fuels

Disney is also exploring low-carbon fuels to reduce emissions, especially from its cruise ships and transportation fleets at parks.

  • Focus on Cruise Ships: While Disney Cruise Line is smaller than others in the industry, the company is working hard to drive innovation. It’s investing in research and testing new low-carbon fuels that reduce environmental impact.
  • Supporting Clean Fuel Development: Disney is backing new technologies and helping build the supply chain for cleaner fuels. It’s also partnering with suppliers and industry peers to speed up the shift to sustainable shipping.

Sets Ambitious Sustainability Standards

Disney targets zero waste to landfill at all owned parks, resorts, and cruise lines by 2030. It plans to eliminate single-use plastics on cruise ships by 2025 and reduce them elsewhere. The company will use sustainable seafood, recycled materials, and eco-friendly packaging for branded products.

Disney sustainability
Source: Disney

Additionally, all new projects will aim for near net zero, use water efficiently, and divert 90% of construction waste in the US and Europe by 2030.

Disney’s Q2 2025 results show solid growth in revenue, profit, and streaming performance, driven by smart expansion moves and a strong outlook for the rest of the year. While its sustainability and emissions strategies are in place, rising emissions signal a need for stronger climate action and improved management.

The post Is Disney’s Net-Zero Game as Strong as Its Revenue Surge? appeared first on Carbon Credits.

Microsoft’s $300M Bet on Forests: How A 3M Carbon Credit Deal Shapes Its Climate Strategy

Microsoft has taken big steps toward reaching its climate goals. The company has agreed to buy up to 3 million nature-based carbon removal credits from EFM, a U.S.-based forest management firm. This multi-year deal shows Microsoft’s serious commitment to using natural ways to fight climate change.

On top of that, Microsoft has invested $300 million in EFM’s Fund IV. This funding will help climate-smart forestry projects in Washington State’s Olympic Peninsula.

Nature’s Power: How Forests Help Fight Climate Change

Nature-based solutions help remove carbon dioxide (CO₂) from the air. They include:

  • Planting new forests, 
  • Improving forest management, and
  • Agroforestry, which combines trees with farming

Microsoft plans to use these credits to meet its goal of becoming carbon negative by 2030. That means the company wants to remove more carbon from the atmosphere than it emits.

EFM’s projects focus on reforestation, sustainable forestry, and land conservation. Studies show that forests can absorb about 30% of global CO₂ emissions every year. By working with EFM, Microsoft supports healthy ecosystems and helps restore damaged lands.

Some studies suggest that nature-based solutions could cut CO₂ by 12 gigatonnes yearly by 2030 if used widely. For Microsoft, these projects help balance emissions from hard-to-reduce activities. This includes data center operations and cloud services.

Why Microsoft Invested $300 Million in EFM Fund IV

The $300 million investment by Microsoft is both an environmental and a business strategy. The carbon credit market is growing fast. According to the MSCI report, the market could grow to $7–35 billion, driven by:

  • Rising demand for credible carbon removal credits,
  • Corporate climate goals, and
  • A shift toward higher-quality, transparent projects.
carbon credit market value 2050 MSCI
Source: MSCI report

Companies are buying more credits to meet 2030 targets, boosting market trust. MSCI projects even greater growth by 2050, with the market potentially reaching $45–250 billion as interest in reliable, high-standard carbon credits continues to increase globally.

By investing in EFM’s fund, Microsoft supports sustainable forestry practices that store carbon, improve biodiversity, and create local jobs. EFM uses climate-smart forestry. This includes longer harvest cycles, planting many tree types, and protecting watersheds. These actions not only pull CO₂ out of the air but also make forests stronger against wildfires, pests, and climate stress.

Microsoft has said that it will use returns from this fund to help cover future carbon removal costs. This makes its sustainability strategy more financially sustainable over the long term.

Beyond Carbon Credits: Microsoft’s Big Climate Picture

This deal with EFM fits into Microsoft’s larger climate plan. In 2020, the company pledged to be carbon negative by 2030 and to remove all the carbon it has emitted since its founding in 1975 by 2050. The company is also working to run on 100% renewable energy by 2025 and to reduce emissions from its supply chain.

Microsoft 2030 carbon negative goal

In 2024, Microsoft made up 63% of all carbon dioxide removal (CDR) purchases, securing about 5.1 million metric tons of durable CDR credits. This amount is more than any other company worldwide. These credits come from a mix of nature-based and technology-based projects.

top carbon removal buyer 2024

The company is also developing advanced digital tools to measure and track carbon removal projects. Its Planetary Computer uses satellite images and artificial intelligence (AI) to monitor land changes and forest health, helping partners like EFM verify their impact.

Why Companies Are Turning to Nature-Based Solutions

More companies are investing in nature-based solutions. A 2023 BloombergNEF report says that emerging markets need over $1.5 trillion for clean energy and carbon removal by 2030. This investment is crucial to meet global climate goals. Carbon credits from nature projects are one piece of the puzzle.

In 2024, over 400 global companies, like Amazon and Google, said they would buy more high-quality carbon removal credits. These companies view nature-based solutions as a cost-effective way to achieve short-term climate goals. They also aim to reduce their direct emissions over time.

The World Bank says that if companies invest $800 billion in nature-based climate solutions by 2030, we could create more than 80 million jobs around the world. This would especially benefit rural areas. Projects like EFM’s can deliver climate benefits while supporting local communities.

The Carbon Credit Boom: What’s Next for Nature and Tech?

Experts believe that the carbon market will keep growing quickly.

  • McKinsey & Company says that demand for carbon credits might grow 15x by 2030. This could reach 1.5 to 2 billion metric tonnes of CO₂ equivalent each year.

global demand for voluntary carbon credits increase by factor of 15 by 2030 and factor of 100 by 2050

Microsoft’s partnership with EFM shows how companies can combine technology, finance, and nature to fight climate change. By using AI, remote sensing, and data analytics, projects like these can be tracked and improved over time, making them more reliable and transparent.

However, experts also warn that carbon removal credits are not a replacement for cutting emissions. Companies still need to reduce their pollution as much as possible before relying on carbon offsets. The Science-Based Targets initiative (SBTi) stresses that offsets should only be used to balance emissions that cannot yet be eliminated.

Microsoft’s collaboration with EFM is an important example of how nature and technology can work together to tackle climate change. The purchase of up to 3 million carbon removal credits and the $300 million forestry investment show a strong commitment to both environmental restoration and economic growth.

These efforts help Microsoft get closer to its 2030 climate targets while setting an example for other companies. As the carbon removal market grows, partnerships like this will likely become more common. They offer a way to store carbon, support ecosystems, and create jobs — all key parts of building a sustainable future.

The post Microsoft’s $300M Bet on Forests: How A 3M Carbon Credit Deal Shapes Its Climate Strategy appeared first on Carbon Credits.

Rockefeller Foundation’s Carbon Credit Initiative: Turning 60 Coal Plants Into Clean Energy Gold

Rockefeller Foundation's Carbon Credit Initiative: Turning 60 Coal Plants Into Clean Energy Gold

The Rockefeller Foundation has launched a pioneering initiative that aims to accelerate the shift from coal-fired power generation to clean energy in developing countries. The Foundation’s Coal to Clean Credit Initiative (CCCI) is an innovative plan.

CCCI uses carbon credits to help retire old coal plants. Then, it replaces them with renewable energy sources. This work helps cut greenhouse gas emissions while supporting economic growth and boosting public health in vulnerable communities.

Introducing the Coal to Clean Credit Initiative (CCCI)

The CCCI aims to give financial rewards. This helps coal-fired power plant owners close their plants sooner than expected. It also encourages a shift to renewable energy.

The centerpiece of the initiative is a new type of carbon credit called “transition credits.” Credits are created when a coal plant shuts down early. It is replaced by clean energy sources like solar, wind, and energy storage systems. CCCI matters because:

why CCCI matters
Image from Rockeller Foundation

These transition credits can be sold to companies or organizations. They help offset emissions, just like traditional carbon credits. The money from selling these credits can help replace coal plants with clean energy. It can also support workers and communities impacted by the closures.

Dr. Joseph Curtin, Managing Director for Power and Climate at The Rockefeller Foundation, remarked:

“Today’s progress update demonstrates that we are closer than ever to unlocking new benefits to people with credits that will help communities transition to clean, affordable energy. We are now focused on scaling this initiative and bringing dozens of such transactions to the market by 2030.”

Verra, a global nonprofit that certifies carbon credits, has approved the method for creating transition credits. This is a key development in the initiative. This official approval is an important step as it gives clear rules and protections.

The approved rules help ensure that the credits are high quality and provide real environmental and social benefits. The approved method aims to create jobs, improve energy access, and protect workers’ rights and local communities.

According to Mandy Rambharos, CEO of Verra,

“We need to rethink the very systems that are hurting people and the planet. Our new methodology empowers energy providers to make that shift in a way that doesn’t leave workers or communities behind and doesn’t inadvertently exacerbate energy poverty.”

Pilot Project: Transitioning the SLTEC Plant in the Philippines

The first real test of the CCCI is in the Philippines. ACEN Corporation, part of the Ayala Group, is retiring its 246 MW South Luzon Thermal Energy Corporation (SLTEC) coal plant. Originally slated to close in 2040, ACEN plans to retire the plant by 2030 using the CCCI framework.

  • To fully replace SLTEC’s power output, ACEN aims to build 1,000 megawatts (MW) of solar, 250 MW of wind, and 1,000 MW of battery storage.

These clean energy sources will offer reliable and affordable electricity. They will also help reduce harmful air pollution in the region.

This transition is especially important in Batangas, where the SLTEC plant is located. The area’s population density is 31% higher than the national average, and unemployment levels are among the highest in the country.

Closing the plant and switching to renewable energy should create new permanent jobs. It will also improve local air quality. This change may reduce health problems linked to pollution. Over 726,000 people live within 20 kilometers of the plant, making the project’s public health impact significant.

ACEN is teaming up with several organizations to support this transition. Partners include GenZero, Keppel, and Mitsubishi Corporation via its subsidiary, Diamond Generating Asia. These partners will work together to ensure the project delivers both environmental and social benefits.

Scaling Up: Targeting 60 Coal Plant Transitions by 2030

The Rockefeller Foundation will expand the CCCI, building on its pilot project in the Philippines. They aim to support 60 coal plant transitions by 2030. This effort will focus on emerging markets, especially in the Asia-Pacific region.

The Foundation believes this could lead to $110 billion in investments. It may also create 29,000 permanent jobs, prevent 9,900 premature deaths each year, and cut down 640,000 lost workdays annually thanks to improved air quality.

The initiative could create about $21 billion in economic benefits. It could also help consumers in emerging economies save up to $8.3 billion each year on power costs. These figures come from early estimates by Catalyst Advisors.

Renewable energy technologies, like solar and wind, are now cheaper than coal in many markets. This is possible when they are paired with energy storage, says the International Energy Agency (IEA).

To ensure the integrity and effectiveness of the transition credits, the Rockefeller Foundation has awarded a $600,000 grant to the Integrity Council for the Voluntary Carbon Market (ICVCM Limited). This funding will help set high standards for transition credits. It will also make sure that Indigenous Peoples and local communities are included in designing and implementing future projects.

Addressing Coal Dependence in Emerging Economies

Coal-fired power remains a significant challenge for global climate efforts. Its carbon emissions rose by 0.9% (135 Mt CO₂) in 2024.

global carbon emissions coal 2024
Source: Carbon Brief

The IEA reports that coal made up about 36% of global electricity in 2023. Many emerging economies still depend on coal to meet rising energy needs. This is happening even with global pressure to reduce coal use.

Programs like the Rockefeller Foundation’s CCCI help connect climate goals with economic needs in developing countries. The initiative offers a clear plan to close coal plants early. It replaces them with clean energy sources, which reduces greenhouse gas emissions. At the same time, it protects jobs and supports communities. It also ensures reliable access to electricity.

A 2023 BloombergNEF report says emerging markets need more than $2.6 trillion for clean energy by 2050. This investment is crucial to meet global climate goals, especially net zero. Using innovative methods like transition credits can help unlock capital. This approach could be crucial for speeding up decarbonization.

emerging markets clean energy investment for net zero
Source: Bloomberg

The CCCI works alongside other global initiatives. One example is the Just Energy Transition Partnerships (JETP). These agreements offer financial and technical help to countries like Indonesia, South Africa, and Vietnam. They support these coal-heavy nations as they shift to clean energy.

A Model for the Future

The Rockefeller Foundation’s initiative highlights how philanthropy, private companies, governments, and financial markets can collaborate. They aim to address a tough challenge in the global energy transition: retiring coal plants early.

The CCCI combines verified transition credits, strong social protections, and clear economic benefits. This makes it a model for coal-dependent regions around the world to follow.

As more countries seek to decarbonize and meet their climate commitments, initiatives like this will likely play a growing role in shaping a cleaner, healthier, and more sustainable future.

The post Rockefeller Foundation’s Carbon Credit Initiative: Turning 60 Coal Plants Into Clean Energy Gold appeared first on Carbon Credits.

Europe’s Battery Storage Hits 21.9 GWh Amid Policy Demands

Europe's Battery Storage Hits 21.9 GWh Amid Policy Demands

Record battery storage installations across Europe mark a significant achievement, but concerns linger as growth begins to slow. SolarPower Europe’s latest analysis shows an urgent need for a strong framework. This is crucial to meet Europe’s renewable energy goals. 

The European market for battery storage showed a remarkable expansion, achieving a 15% growth in 2024 alone. This growth is commendable, but it’s slower than in past years. This raises important questions about how long it can last. Forecasts predict a significant growth in installations by 2025.

With the growing demand for energy storage, stakeholders stress the need for an EU Energy Storage Action Plan. This plan could boost development in this vital sector.

Current Growth Trends in Europe’s Battery Storage Market

The SolarPower Europe report shows that battery storage installations in Europe are growing steadily. In 2024, the market achieved a 15% growth, contributing to a broader landscape poised for transformation in the coming years.

Europe battery deployment 2024

Europe’s battery energy storage market will grow quickly in the next few years, but not fast enough. By 2025, new installations will add 29.7 GWh, a 36% increase from the year before.

Europe BESS market in 2025

By 2029, total capacity will climb to nearly 120 GWh, reaching 400 GWh overall (334 GWh in the EU-27). To fully support a renewable energy system, the EU-27 needs 780 GWh by 2030, according to the Mission Solar 2040 study.

Europe battery storage growth 2029

The European Market Outlook for battery storage shows that growth comes from the rising demand for effective energy storage. This is key for using renewable energy sources like solar and wind.

These statistics underline the importance of energy storage in achieving the region’s climate goals. The European market is increasingly using these storage technologies. They help connect renewable energy production with consumption during the energy transition.

Experts say that, despite positive growth trends, the current path might not reach the EU’s renewable energy goals. SolarPower Europe’s report highlights that to meet the goals of the European Green Deal, the region has to take strategic steps to drive progress.

Broader EU Policy Support for Energy Storage

Europe’s energy storage sector gains from policies that support the Energy Storage Action Plan. The REPowerEU initiative aims to deploy 900 GW of renewable capacity by 2030, sharply increasing storage needs.

Moreover, the EU Battery Regulation requires 70% recycling efficiency for lithium. It also enforces strict due diligence for raw materials. These frameworks boost investor confidence. They also support circular economy practices and align efforts with climate goals.

The Call for an EU Energy Storage Action Plan

Europe needs a clear Energy Storage Action Plan to increase its renewable energy capacity. This initiative could tackle the slowdown in growth rates. It also offers a clear plan to improve energy storage infrastructure across the continent.

Walburga Hemetsberger, CEO of SolarPower Europe, highlighted this, saying:

“If Europe has already entered the solar age, the battery storage age is just beginning. With solar energy mainstreaming across the continent, now is the time for European decisionmakers to put batteries at the centre of a flexible, electrified, energy system. We urge the European Commission to double-down on their efforts here and come forward with an EU Energy Storage Action Plan as part of a broader Energy System Flexibility Package. The recent electricity outage in the Iberian Peninsula is a stark reminder of why this is important.”

Stakeholders such as SolarPower Europe advocate for the establishment of a comprehensive framework that would include:

  • Investment incentives to bolster battery storage technologies.
  • Structured regulatory frameworks to streamline approvals and deployment of energy storage systems.
  • Research and innovation funding targeting advanced battery technologies.

A unified action plan could tackle the main challenges faced by battery storage deployment. Many industry stakeholders think that without quick action, growth might slow down. This could threaten Europe’s long-term sustainability and energy resilience goals.

Europe vs. The World: Can the Continent Stay Competitive?

Europe’s battery storage market faces global competition. China led installations in 2023 with 35 GWh deployed, backed by large subsidies and supply chain dominance. 

The United States aims to deploy 700 GWh of energy storage capacity by 2030, as recommended by the Solar Energy Industries Association (SEIA). This ambitious goal gets support from the $370 billion in clean energy incentives under the Inflation Reduction Act.

US energy storage deployment
Source: SEIA

Europe’s focus on sustainability offers differentiation, but it must close cost and scale gaps to compete globally.

The implications of the current battery storage landscape extend beyond immediate growth figures. As Europe strives toward its energy transition goals, the integration of sustainable energy solutions is paramount.

The battery storage market needs to change. This change is important to handle the rising electricity demand from renewable sources. By 2025, demand is expected to increase significantly. 

Experts believe the energy transition needs faster adoption of storage tech. This will not only support current systems but also help develop new solutions for better energy management.

As governments and industries team up for greener policies, the need for data-driven insights will likely increase. These insights will help guide smart investments in energy infrastructure.

New initiatives, like mapping tools that track sustainable energy storage in real-time, show how technology helps energy stakeholders. These tools help stakeholders make smart choices. They also aid in strategic planning that can boost the performance of battery storage systems.

Also, as the market faces uneven growth, industry leaders say energy storage solutions are key. They support the expected rise in renewable energy capacity across Europe.

What Lies Ahead in Battery Storage Developments

Demand for renewable energy is rising fast. Experts predict a big focus on energy storage investments in the near future. The EU set strong goals to cut greenhouse gas emissions, and energy storage is key to reaching these targets.

Analysts predict several trends shaping the battery storage market over the next few years:

  1. Increased Private Sector Investment. Private entities are becoming key players, investing heavily in battery technologies.
  2. Technological Advancements. Innovations in battery technologies are likely to enhance efficiency and lower costs.
  3. Policy Support. Government policies will play a pivotal role in shaping the market landscape, driving demand for sustainable battery solutions.

As these factors merge, the outlook for Europe’s battery storage sector appears optimistic. Without a dedicated Energy Storage Action Plan, the sector risks falling short. This could hinder progress toward the region’s renewable energy goals.

The urgency for a strategic response from policymakers is evident. As Europe approaches the key 2025 benchmark, the choices made now will shape the region’s path to a sustainable energy future.

The post Europe’s Battery Storage Hits 21.9 GWh Amid Policy Demands appeared first on Carbon Credits.