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Category: Carbon Markets
JPMorganChase has signed a carbon dioxide removal (CDR) offtake agreement with CO280, marking a major investment in scalable, low-cost engineered carbon removal from the U.S. pulp and paper industry. The...
Microsoft has finalized a multi-year agreement to purchase nature-based carbon removal credits from Climate Asset Management (CAM), supporting its goal to become carbon negative by 2030. The deal — arranged...
The European Commission and the UK government have agreed to work towards linking their carbon markets, in a move that could unify the EU and UK Emissions Trading Systems (ETS)...
Occidental and ADNOC’s investment arm, XRG, have signed a Strategic DAC Framework Agreement to evaluate a joint venture for a large-scale Direct Air Capture (DAC) facility in South Texas. Under...
J.P. Morgan has committed blended finance to support Mati Carbon’s global expansion, enabling the carbon removal startup to scale its enhanced rock weathering (ERW) technology across the Global South. The...
Microsoft has signed a landmark framework agreement with Rubicon Carbon to purchase 18 million tonnes of high-quality nature-based carbon removal credits, in what is among the largest single-buyer carbon credit...
AXA Investment Managers (AXA IM) has taken a pioneering step in the fixed income space by adopting the UK’s Sustainability Disclosure Requirements (SDR) ‘Sustainability Improver’ labels for two of its...
Climeworks has completed large-scale testing of its Generation 3 Direct Air Capture (DAC) technology, confirming a significant leap in efficiency. Powered by Svante’s structured adsorbents, the system doubles CO₂ capture...
Fastmarkets, a global leader in commodity price reporting and market intelligence, has launched a new carbon intelligence service aimed at helping businesses meet urgent decarbonization demands and manage regulatory risk...
United Airlines has deepened its commitment to decarbonizing aviation by investing in Twelve, a cleantech company that converts CO₂ into sustainable aviation fuel (SAF) using renewable energy. The investment was...
Holcim, in collaboration with renowned architect Alejandro Aravena and his firm ELEMENTAL, has introduced a breakthrough in sustainable construction: a biochar-based concrete mix that actively removes carbon from the atmosphere....
Microsoft has entered a landmark agreement with forest investment and management firm EFM to secure up to 3 million nature-based carbon removal credits as part of its broader effort to...
NYK Line has taken a significant step toward decarbonization, becoming the first Japanese company to purchase a portfolio of carbon dioxide removal (CDR) credits from Swiss climate tech leader Climeworks....
The Rockefeller Foundation plans to retire 60 coal-fired power plants in developing countries by 2030 through a new carbon finance initiative, following the approval of its methodology by leading carbon...
Microsoft has more than doubled its carbon removal commitment with Stockholm Exergi, increasing the volume of carbon dioxide to be permanently stored from 3.3 million tons to 5.08 million tons...
Verra has introduced a groundbreaking methodology to drive the early retirement of coal-fired power plants while ensuring that communities and workers aren’t left behind. The Verified Carbon Standard (VCS) methodology,...
Artio, a climate-focused insurer, has become the first company to receive Lloyd’s coverholder approval to underwrite carbon projects at the earliest stage—before implementation begins. This pioneering move enables investment in...
Blue Yonder has acquired the business of Pledge Earth Technologies, a UK-based climate tech firm, to integrate precise and accredited carbon emissions reporting into its end-to-end supply chain platform. Founded...
S&P Global Commodity Insights has expanded its coverage of alternative marine fuels with the launch of low-carbon methanol marine fuel price assessments for Shanghai and Rotterdam, effective May 2. These...
Carbon Alpha has partnered with Mangrove Systems to embed advanced digital monitoring, reporting, and verification (MRV) technology into its flagship North Star carbon removal project—Canada’s first large-scale bioenergy with carbon...
Brazilian carbon removal startup Mombak has secured $30 million in Series A funding, led by Union Square Ventures (USV), to accelerate reforestation and carbon credit operations across the Amazon. Founded...
EFM, a U.S.-based forest investment and management firm, has partnered with Sojitz Corporation of America—a wholly owned subsidiary of Japan’s Sojitz Corporation—to launch a $200 million forestry investment fund focused...
Patch has launched a new digital platform to transform how companies source, purchase, and manage carbon credits, aiming to unlock billions in much-needed climate finance. Designed for Chief Sustainability Officers...
France has launched the Charter for Paris-Aligned and High-Integrity Use of Carbon Credits, setting a new global benchmark for responsible corporate carbon credit use and aiming to foster a more...
Microsoft is doubling down on durable carbon removal with a new five-year agreement to purchase 44,000 carbon removal credits from Carba, a Minnesota-based climate tech company. The credits will begin...
Eni and the UK Government have reached financial close on the Liverpool Bay Carbon Capture and Storage (CCS) project, marking the official green light for construction. The initiative is central...
The Dutch government will invest €639 million ($726 million) into the Aramis carbon capture and storage (CCS) project after Shell and TotalEnergies withdrew from funding the pipeline infrastructure. Their exit...
Sage Sustainable Electronics and environmental consultancy Bloom-ESG have introduced the first ISO 14064-certified carbon credit system for IT asset disposition—enabling corporations to turn responsible tech retirement into a strategic ESG...
XPRIZE Awards Largest Climate Incentive in History XPRIZE has announced the winners of its $100 million Carbon Removal competition, a four-year global challenge backed by Elon Musk and the Musk...
Microsoft is backing a major U.S. nature-based carbon removal initiative, agreeing to purchase 1.4 million tonnes of carbon removal credits from Living Carbon, a public benefit company specializing in transforming...
The UK government has launched a consultation on a set of six “integrity principles” for carbon and nature credit markets, aiming to build trust, enhance transparency, and accelerate private sector...
Indigo Ag is redefining cropland as a climate asset, announcing its fourth carbon crop with 630K independently verified carbon credits issued through the Climate Action Reserve. This milestone brings Indigo’s...
Occidental (Oxy) has acquired Holocene, a Tennessee-based direct air capture (DAC) startup, in a strategic move to consolidate and scale its carbon removal operations. The financial terms were not disclosed,...
Hosted by: Ed Whittingham, renowned climate expert and policy advocateGuests: Greg Nemet (University of Wisconsin), Klaus Lackner (Arizona State University), David Keith (University of Chicago), Sara Hastings-Simon (University of Calgary),...
Microsoft has inked the largest carbon removal deal in history, committing to purchase 6.75 million metric tons of engineered carbon removal from AtmosClear, a Fidelis portfolio company, over 15 years....
Heidelberg Materials has received planning approval to build a carbon capture and storage (CCS) facility at its Padeswood cement plant in Flintshire, north Wales—positioning the UK closer to decarbonising one...
Orbital Materials and cloud service provider Civo have entered a strategic partnership to pilot carbon removal technology within data centers—aiming to transform a high-emission industry with advanced, AI-powered materials. Civo...
Microsoft has signed a milestone offtake agreement with CO280, committing to purchase 3.685 million tonnes of permanent carbon dioxide removal over 12 years. The carbon will be captured from boiler...
Verra has officially registered the Tond Tenga project in Burkina Faso, the first initiative to use a Verified Carbon Standard (VCS) methodology approved under the Integrity Council for the Voluntary...
Carbon Direct has appointed Rory Jacobson as Head of Policy, reinforcing its leadership in carbon management with one of the most experienced voices in U.S. carbon removal policy. Jacobson most...
Hosted by: Ed Whittingham, renowned climate expert and policy advocateGuests: Jan Wurzbacher, co-founder of Climeworks; Lucy Hargreaves, Corporate Affairs and Climate Policy at Patch; Jim McDermott, co-founder and managing partner...
Platts, a division of S&P Global Commodity Insights, will launch a daily market assessment for Australian Safeguard Mechanism Credits (SMCs) on May 5, 2025.This new benchmark is designed to improve...
Carbon Equity just closed €105M for its third climate fund — a clear signal that private capital continues to move into the climate tech space, even as broader market sentiment...
Singapore expands its global carbon market framework with a new bilateral Implementation Agreement with Chile, marking its fifth such pact under Article 6 of the Paris Agreement. This legally binding...
The European Commission is weighing a major shift in its climate strategy — allowing international carbon credits to count toward its 2040 emissions goal, per sources familiar with the talks....
Occidental Petroleum’s carbon capture unit, 1PointFive, secured critical EPA permits to sequester CO₂ underground from its direct air capture (DAC) facility, Stratos, located in Ector County, Texas. The permits were...
Climate Asset Management has made its first U.S. forestry investment with the acquisition of a 68,000-acre timberland asset in Washington State’s Olympic Peninsula. The transaction was completed in Q4 2024...
Terradot is accelerating global carbon removal with science-backed ERW at scale. The climate tech company has signed a deal with Microsoft to remove 12,000 tonnes of CO₂ between 2026 and...
Petrobras and the Brazilian Development Bank (BNDES) have signed a Memorandum of Understanding to launch ProFloresta+, an unprecedented initiative aimed at purchasing carbon credits generated through Amazon reforestation. The project...
Carbon removal must scale dramatically to meet global climate goals. The Intergovernmental Panel on Climate Change (IPCC) estimates that 100–1000 billion metric tonnes (GtCO₂) must be removed by 2100 to...
Savor, a trailblazing food tech company, has officially launched its agriculture-free butter, a first-of-its-kind innovation that eliminates the need for animal or plant-based fats. The commercial debut marks a major...
Hosted by: Ed Whittingham, renowned climate expert and policy advocateGuests: Ken Caldeira, Senior Scientist at Breakthrough Energy; David Keith, founder of Carbon Engineering and professor at the University of Chicago...
Hafslund Celsio is pioneering the first-ever carbon capture retrofit at its waste-to-energy facility in Oslo, potentially revolutionizing carbon removal practices across Europe. The facility processes 350,000 metric tons of sorted...
Helin Cox, a seasoned chemical engineer known for scaling critical climate technologies globally, has been appointed Chief Technology Officer at Climeworks. Her extensive expertise spans technology commercialization, industrial scale-up, and...
Meta has entered a decade-long carbon removal agreement with EFM to source 676,000 nature-based carbon credits by 2035. These will be generated from the transition of the Olympic Rainforest, a...
Mizuho Financial Group has solidified its commitment to carbon removal technologies by joining the NextGen CDR Facility, a collaborative carbon credit purchasing initiative led by NextGen CDR AG, a joint...
Stellantis, Europe’s second-largest automaker, has reaffirmed its commitment to purchasing CO₂ credits from Tesla’s emissions pool in 2025, even with the European Commission’s recent compliance delay. This strategic move highlights...
ESG News is proud to announce the official launch of Scrubbing the Sky, a groundbreaking 4-part mini-series podcast dedicated to exploring the cutting edge of carbon removal, climate technology, and...
Equinor, Shell, and TotalEnergies announced a NOK 7.5 billion investment decision to launch phase two of the Northern Lights carbon capture and storage (CCS) project. The decision follows a key...
Spiritus, a leader in direct air capture (DAC) technology, has appointed Brian Higgins, PhD, as Vice President of Technology Innovation, and Scott Kongkitisupchai, PhD, as Senior Director of Engineering. Both...
Saudi Aramco, in collaboration with Siemens Energy, launched the Kingdom’s first Direct Air Capture (DAC) test unit, capable of removing 12 tons of CO2 per year from the atmosphere. This...
Amazon announced the launch of a carbon credit service, expanding its Sustainability Exchange to provide access to high-integrity, science-based credits. This initiative targets suppliers, business customers, and Climate Pledge signatories...
Puro.earth announced the company officially surpassed a monumental milestone, the issuance of over 1 million CO₂ Removal Certificates (CORCs), each representing one tonne of verified carbon dioxide removed from the...
Nordea has signed a multi-year contract with Norwegian firm Inherit Carbon Solutions to capture and permanently store at least 68,000 tonnes of CO2, significantly bolstering its carbon removal strategy. “This...
Hong Kong Exchanges and Clearing Limited (HKEX) announced achieving carbon neutrality across its global operations by the end of 2024, marking a key milestone in its climate action strategy. Paul...
8 Rivers has selected global engineering leader Wood to conduct preliminary front-end engineering and design (Pre-FEED) for its Wyoming carbon capture project in partnership with PacifiCorp, targeting a Q3 2025...
The Tokyo Metropolitan Government and Gold Standard have signed a Memorandum of Understanding (MoU) to bolster corporate decarbonisation initiatives within Tokyo. Under the agreement, Gold Standard Verified Emission Reductions (GSVERs)...
Capture6 completed a $27.5 million Series A and project funding round to advance its groundbreaking technology that converts waste brine from water treatment into freshwater and carbon capture solutions. CEO...
EcoVadis unveiled its groundbreaking Carbon Data Network (CDN) at the Sustain 2025 conference, marking a critical advancement in Scope 3 emissions transparency and management. Built on a robust network of...
In response to increasing regulatory pressures and shifting consumer preferences toward sustainability, Google has launched Carbon Footprint for Google Ads, a new emissions tracking tool designed for advertisers. Adam Elman,...
The Sustainable Development Investments Asset Owner Platform (SDI AOP) unveiled SDI Outcomes, a groundbreaking solution offering investors transparent, comparable data to evaluate genuine sustainability outcomes from their investments. Launched by...
ClimeFi has launched its Analyst Rating, a groundbreaking innovation designed to transform how executives and investors evaluate carbon dioxide removal (CDR) projects. Inspired by the financial sector’s approach to equity...
America’s AI boom demands vast energy infrastructure—but risks massive carbon emissions. Climate-tech innovator Spiritus today announced a $30M Series A funding round, led by Aramco Ventures with participation from Khosla...
Game-changing carbon finance: UpEnergy, a social enterprise focused on climate finance and energy poverty reduction, has issued Africa’s first-ever electric cooking carbon credits under Gold Standard’s new Methodology for Metered...
Liverpool FC is teaming up with 1PointFive, a U.S.-based carbon capture company, to launch exclusive, eco-friendly products for fans. The club will calculate the emissions from manufacturing and distribution (up...
The Integrity Council for the Voluntary Carbon Market (ICVCM) has tightened standards for carbon credits generated from clean cookstove projects, approving three methodologies that introduce stricter measurement and verification protocols....
Microsoft has signed a landmark deal to purchase 1.5 million tonnes of verified carbon removal credits from the Panna afforestation project in India, marking its largest carbon removal initiative in...
Leadership for the Next Growth Phase Puro.earth, a leading carbon removal marketplace, has appointed Jan-Willem Bode as President. With a deep background in sustainability, Bode co-authored the first Gold Standard,...
Baker Hughes and Frontier Infrastructure announced a strategic partnership to accelerate large-scale carbon capture and storage (CCS) and power generation projects across the U.S. Why it matters: With rising energy...
Watershed has launched its first-ever Request for Proposals (RFP) to procure 1 megatonne of carbon removal credits. This move expands its decarbonization ecosystem, giving 500+ corporate customers access to both...
Polish energy giant Orlen and Norway’s Equinor are joining forces to advance CCS in Poland. The companies signed a memorandum of understanding (MoU) to explore viable carbon dioxide storage sites....
Frontier has signed a groundbreaking $30.6 million deal with Phlair, an innovator in electrochemical direct air capture (DAC) technology, to remove 47,000 tons of CO₂ between 2027 and 2030. The...
The UK Government’s Seventh Carbon Budget sets an ambitious target to limit greenhouse gas emissions to 535 MtCO2e from 2038 to 2042. This includes emissions from international aviation and shipping...
United’s Bet on Carbon Capture: United Airlines’ UAV Sustainable Flight Fund is backing Heirloom, a leader in direct air capture (DAC) technology, to boost its decarbonization strategy. The investment includes...
CarbonQuest, a leader in distributed carbon capture technology, has closed a $20 million funding round led by Riverbend Energy Group, with significant contributions from Energy Capital Ventures (ECV) and Aligned...
Biochar is emerging as a powerful carbon removal solution, capable of locking away carbon for centuries while enhancing soil fertility. Sylvera’s new ratings provide critical validation for biochar projects, ensuring...
CFA Institute’s Net-Zero Roadmap The CFA Institute Research and Policy Center has launched a new guide to support investors in integrating net-zero strategies into their portfolios. The publication, Investment Innovations...
TikTok’s Multi-Year Carbon Commitment TikTok has entered a multi-year partnership with Climeworks to remove 5,100 tons of CO₂ from the atmosphere by 2030. The plan combines Direct Air Capture, Biochar,...
Mizuho Bank and Temasek-owned GenZero announced a partnership to develop transition credits, a financial tool designed to support the early retirement of coal-fired power plants and accelerate the shift to...
Mast, North America’s leading post-wildfire reforestation company, secured $25 million in Series B funding to expand its Biomass Carbon Removal & Storage (BiCRS) initiative. The funding, co-led by Pulse Fund...
The Mercedes-AMG PETRONAS F1 Team is partnering with Chestnut Carbon to drive large-scale carbon removal projects across the Southeastern United States. The initiative aims to restore 200 hectares (~500 acres)...
Bloom Energy and Chart Industries have announced a strategic carbon capture partnership to provide low-emission, always-on power using natural gas and sequestration technology. The collaboration is designed to support energy-intensive...
Chestnut Carbon, a U.S.-focused nature-based carbon removal developer, has raised $160 million in a Series B round. The investment will accelerate its afforestation initiatives, targeting the sequestration of 100 million...
Twelve, a carbon transformation company, has secured an additional $83 million in Series C and project funding, advancing its mission to replace fossil fuels with CO2-derived materials. This brings total...
Ecologi, the UK’s leading climate action platform, has acquired Net Zero Now, a specialist in sector-specific carbon measurement and reduction. This merger creates a single, integrated solution for businesses at...
Chinese EV giant BYD is in advanced talks with European automakers to form a carbon credit pool, allowing companies with lower EV sales to buy emissions credits and reduce their...
Royal Bank of Canada (RBC) and Carbonhound have partnered to offer Canadian businesses an automated solution for measuring, verifying, and managing carbon emissions. The collaboration aligns with RBC’s strategy to...
Driving Carbon Removal at Scale Google is ramping up its commitment to carbon removal, contracting over $100 million in credits—three times its 2023 pledge. Through independent purchases and the Frontier...
The LEGO Group is expanding its sustainability efforts with a DKK 19 million commitment toward four carbon removal projects in collaboration with Climate Impact Partners and ClimeFi. The projects aim...
Microsoft is doubling down on carbon removal: The tech giant signed a 25-year agreement with Chestnut Carbon to secure more than 7 million tons of carbon removal credits. This marks...
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