CP Daily: Tuesday April 22, 2025

Published 02:25 on April 23, 2025  /  Last updated at 02:25 on April 23, 2025  / /  Newsletters

A daily summary of our news plus bite-sized updates from around the world.

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TOP STORY

ANALYSIS: EU carbon analysts play down ETS2 delay, despite political backlash

EU carbon analysts struggle to see a political avenue for delaying the introduction of the new ETS2 emissions trading system, despite rising fears across several EU member states about the impact of the consumer-facing pricing mechanism.

ASIA PACIFIC

India announces draft emissions intensity targets for obligated entities

India’s Ministry of Environment, Forest, and Climate Change has announced the draft emission intensity targets for obligated industries under the compliance mechanism of Carbon Credit Trading Scheme (CCTS).

NZ climate commission recommends higher ETS auction volumes, but price settings unchanged

New Zealand’s Climate Change Commission (CCC) has recommended small tweaks to the country’s ETS in its latest annual advice to the government, released Wednesday.

NZ ETS participants to shun 2025 auctions -analyst

A downturn in New Zealand’s emissions allowance prices suggests that none of the emissions trading system (ETS) auctions this year will clear, according to a market analyst.

South Korea needs to get in gear to hit NDC, paper warns

South Korea is nowhere close to meeting its Nationally Determined Contribution (NDC) without doubling its current yearly emissions reductions or the heavy use of international offsets, a paper from two think tanks has warned.

EMEA

Danish agtech launches transparency campaign for soil carbon credits

A Copenhagen-based agtech firm announced Tuesday it has launched a transparency initiative aimed at boosting confidence in the voluntary soil carbon credit market.

Italian startup seeks $680/t for ocean alkalinity enhancement credits via blockchain marketplace

A Milan-based climate tech firm has offered up a small batch of ocean-based carbon removal credits at $680 per tonne via a blockchain marketplace.

Carbon removal credits unlikely to be considered for EU CBAM compliance until mid-2030s, expert says

While foreign countries may accept international credits to achieve their climate targets under the Paris Agreement, the EU is unlikely to consider allowing carbon removal (CDR) units for compliance under its Carbon Border Adjustment Mechanism (CBAM) until the mid-2030s, according to an expert consultant.

EU climate targets unattainable without biomass, study finds

Transitioning to a net zero or negative energy system can be 14-20% more expensive without biomass for energy production, and may simply be unattainable if Europe aims to achieve negative emissions in the long run, according to Swedish and German researchers.

Euro Markets: EUAs drop as fresh US-linked uncertainty rattles markets

European carbon prices started the week with a 2.3% loss, gapping sharply down from last Thursday’s closing level, as the market responded to news reports over the weekend casting doubt on the tenure of US Federal Reserve chair Jerome Powell, with bearish gas amid strong supply adding further weight to EUAs.

UK director banned over collapse of £8.5 mln “green” teak investment scheme in Brazil

A British company director has been banned for 11 years after hundreds of investors lost more than £8.5 million in two failed schemes linked to “green” teak plantations in Brazil.

BRIEFING: Net zero is being redefined as an imperative for European security

As the IEA and UK government convene a summit on energy security, Poland, holder of the EU presidency, argues that access to low-carbon resources, technologies and their supply chains will be decisive for European energy – and economic – security. Other experts say the future of net zero and European prosperity lies in close cooperation with China.

BRIEFING: UK must be strategic to deliver best hydrogen economy, say experts

Low-carbon hydrogen should be directed towards hard-to-abate industries like steel, glass, and chemicals production, as well as heavy-duty vehicles and sustainable aviation fuel (SAF), but avoided in any sector that can be electrified such as personal transport and most home heating, said experts on a webinar about next steps for the UK’s hydrogen industry.

AMERICAS

INTERVIEW: US dairy company inks offtake agreement for first-ever ‘food rescue’ avoidance credits

A US-based dairy products manufacturer announced a deal Tuesday to purchase a batch of first-of-its-kind methane avoidance credits from an upstart project developer dedicated to diverting food waste from landfills.

South Dakota regulators reject CO2 pipeline permit

A major US CO2 pipeline project faces uncertainty as South Dakota regulators rejected its permit application for the second time in a narrow vote Tuesday.

Business groups urge courts to prevent implementation of California’s climate disclosure laws

A coalition of US business groups requested the courts to scrutinise and enjoin California’s climate disclosure laws, favouring a preliminary injunction as immediate relief pending resolution of litigation.

INTERVIEW: Chilean ministries refining CO2 tax after record offset retirements

Chilean ministries are discussing policies that could further increase and diversify carbon retirements against a national CO2 tax on the heels of unexpectedly large offset volumes, and contemplating a role for voluntary credits in ETS designs, according to a top official.

Major meat producer set to miss deforestation pledge, report finds

An investigation has found that meat producer JBS is likely to miss its goal to eliminate deforestation in its Amazonian supply chain.

Reducing Brazil’s fertiliser dependence could cut related GHG emissions almost 90% by 2050 -report

Reducing synthetic fertiliser use in Brazil through regenerative agriculture and other means could curb the country’s fertiliser-related greenhouse gas emissions up to 86% by 2050 — whereas inaction could see related emissions rise 89% by then, according to a report published on Wednesday.

INTERNATIONAL

World’s top emitters still ambiguous on NDC ambition, says WRI

While some major emitters have set near-term climate targets that could be considered ambitious using certain criteria, none feature goals for 2030 and 2035 that are sufficiently aligned with the Paris Agreement on closer inspection, the World Resources Institute said on Tuesday.

VOLUNTARY

VCM Report: Carbon credit prices tumble amid thin liquidity over holiday season, UK govt announcement offers hope

The holiday break took its toll on the voluntary carbon credits with liquidity and prices sliding last week, but the UK government gave a fillip to the market after throwing its weight behind integrity initiatives and the use of both reductions and removal credits to mitigate Scope 3 emission claims.

Verra releases BECCS module under CCS methodology

Voluntary carbon market (VCM) standard Verra released Tuesday a new module for bioenergy with carbon capture and storage (BECCS) under its carbon capture and storage (CCS) methodology.

Majority of business executives favour a speedy shift from fossil fuels to renewables -survey

Nearly eight out of 10 senior executives around the world say they favour a speedy shift from fossil fuels towards renewables-based electricity within the next decade, found a survey released on Tuesday.

CDR portfolio manager to open large-scale call for proposals in May

A carbon removal portfolio manager and marketplace will open a new request for proposals (RFP) to acquire large-scale volumes of credits next month on behalf of its corporate clients.

Advancing remote sensing, methodology standardisation could improve forest offset MRV -panellists

Accelerating the use of remote sensing technologies and standardisation of requirements between carbon credit methodologies could help improve monitoring, reporting, and verification (MRV) practices for forestry offset projects, experts said at a Tuesday panel.

Experts question utility of ‘net zero’ concept, global temperature targets as climate metrics

Climate experts are increasingly growing wary of the usefulness of global temperature targets and the “net zero” concept, both as a goal and as a metric for measuring climate progress, several policy academics have said.

AVIATION/SHIPPING

Global shipping fleet braces for geopolitical uncertainty amid rising emissions in first quarter -report

The global shipping sector’s greenhouse gas emissions increased in the first quarter of the year, as the sector braces itself for continued uncertainty due to trade tariffs and conflicts, according to the latest report by a maritime technology company published on Wednesday.

BIODIVERSITY (FREE TO READ)

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INTERVIEW: Brazilian Indigenous group says its data should underpin biodiversity markets

A major Indigenous group in the Brazilian Amazon has advanced the collection of critical data within their territories, which “as a first step” must be integrated into the nascent biodiversity credit markets, its monitoring manager told Carbon Pulse.

INTERVIEW: Nature-based solutions can undermine biodiversity

Nature-based solutions (NbS), often aimed at tackling the climate crisis, are damaging biodiversity through greenwashing actions that require a radical rethink, Friends of the Earth International said Tuesday.

WEF develops indicators for finance to assess corporates on nature

The World Economic Forum (WEF) has developed 11 indicators that financial institutions can use to assess the nature progress of their portfolio companies.

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WEBINAR

Mastering Carbon Removal Procurement: How to design effective RFPs and secure high-quality carbon removal – Join Supercritical on Thursday, May 8th at 1600 BST (1500 GMT) for a practical session on navigating the carbon removal procurement process. This expert-led webinar will explore how to design effective RFPs, evaluate supplier credibility, and structure contracts that deliver on both climate goals and business needs. Featuring insights from experienced corporate buyers Chris Minter (Zurich Insurance) and Emily Jackson (The Economist), you’ll gain actionable guidance to secure high-quality carbon removal, mitigate risk, and accelerate progress toward your net zero goals. Register

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EVENTS

Carbon Forward TurkiyeMay 7-8, IzmirFollowing the success of our inaugural event in Izmir, we are excited to host the second annual instalment of Carbon Forward Turkiye. With the country about to launch its national ETS, attendees will learn what’s in store for participants and other stakeholders.  Also, take a tour of the region’s other carbon markets, consider the financial impact of the EU’s CBAM, and hear from experts about developments in the voluntary carbon market, CO2 removals, CORSIA, and decarbonisation in the power, industrial, and shipping sectors. The agenda will be released shortly but registration is now open, with a 30% super-early bird discount available for a limited time.

Innovation Zero – April 29-30, London The UK’s largest net zero congress will bring together 10,000+ delegates, 400+ speakers and 250+ exhibitors in London at the end of the month to accelerate a just, global transition to a low-carbon economy. Supported by the UK Government, Innovation Zero provides a space and opportunity for collaboration, breaking down silos, and overcoming obstacles to drive large-scale, impactful progress towards global emissions reduction. The congress will feature 13 high-level forums and theatres, including a Carbon Markets Forum that will explore the potential of voluntary carbon markets (VCMs) to unlock meaningful climate action. Register here

Sustainable1 Summit – April 30, London – S&P Global predicts $60 trillion in energy investment opportunities under global net zero investment scenarios through 2050. During this same period, there is also a projected $25 trillion in cumulative financial impact on the world’s largest companies due to changing climate exposure. Join us at the Sustainable1 Summit in London to unlock transition opportunities with specialist opinions, market outlooks, data insights, and strategic forums, providing insights to finance the energy transition, discover opportunities in climate resilience, and report your sustainability performance with confidence. Save your spot

East Africa Carbon Markets Forum  May 8-9, Kampala Join the East Africa Carbon Markets Forum on May 8-9, 2025, in Kampala, Uganda, as project developers, policymakers, investors, and community representatives come together to shape the future of the region’s carbon markets. Centred on advancing policy, unlocking green finance, and fostering innovation, this free, high-impact event delivers curated sessions, expert insights, and meaningful networking opportunities. With attendance capped at 350 participants, EACMF2025 offers an exclusive platform for impactful connections and actionable engagement in East Africa’s sustainability efforts. Be part of the dialogue shaping tomorrow’s carbon markets. Join the conversation and learn more at www.carbonmarketsforum.com.

Carbon Removal Investment Summit – June 3, London – cCarbon is hosting this exclusive, one-day conference with the goal of accelerating carbon removals through a data and modelling-driven discussion. It will bring together a distinguished group of investors, capital providers, carbon removal buyers, leading developers, and other key stakeholders to unlock investment and create partnering opportunities. An invite-only investors’ conclave will take place during the summit to explore pathways for unlocking and chanelling capital into carbon removals. Attendees will have the opportunity to participate in high-impact sessions to discuss the business case for nature- and technology-based removals. cCarbon will unveil a data-driven benchmarking tool designed to assess carbon removal providers based on key factors like feasibility, scalability, and maturity. Register here

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BITE-SIZED UPDATES FROM AROUND THE WORLD

INTERNATIONAL

Hindsight hurdles – The lessons of the energy crisis following Russia’s invasion of Ukraine are yet to be fully understood, said Fatih Birol, head of the IEA, ahead of a summit on energy security held in London this week hosted by UK Prime Minister Keir Starmer. There are three golden rules for energy security: diversification of supplies, sufficient political predictability, and global cooperation, Birol told the FT. However, European’s continued dependence on imported gas, widespread changes to energy subsidies in Europe and the US, and the trade war unleashed by US President Donald Trump will likely reduce cooperation. While the risks to energy supplies like extreme weather and cyber attacks are increasing. China is unable to attend the summit due to calendar reasons.

Empty pledges – The World Bank has failed to uphold its own climate rules for $2 bln worth of agricultural loans, a report by Stop Financing Factory Farming found. Of the 38 loans made between 2020 and 2025 to meat, dairy, and feed corporations by the World Bank’s private finance arm, the International Finance Corporation (IFC), none met the climate requirements set out by the organisation, the research disclosed. The authors said failing to properly enforce its own environmental policies helps to greenwash the polluting companies it lends to, leading to a huge waste of public finance. The study found no evidence that any of the companies receiving loans from the IFC had adhered to its requirement to address physical climate risks. Only five companies set out how they have or would reduce emissions, while 26 companies (68%) reported Scope 1 and 2 emissions, but only one company had set out a reduction target for its Scope 3 emissions.

EMEA

Sino-German CBAM policy suggestions – The EU’s carbon border tariff will not initially impact China’s largest province by GDP, Guangdong, but the region will start to feel the bite as the mechanism expands to cover indirect emissions and additional sectors, according to a joint Chinese-German report carried out by climate think tank the New Climate Institute and published on Wednesday. The EU’s Carbon Border Adjustment Mechanism (CBAM) gradual phase-in and its limited initial scope reduces its immediate impact. In order to mitigate CBAM’s impact and maintain global trade competitiveness, Guangdong-based companies and policymakers should accelerate their industrial decarbonisation and establish a CBAM-compatible carbon pricing system, the report says.

Rubber stamp – The DRC has officially established a multi-stakeholder consultation framework to advance the implementation of its landmark 2022 Law on the Promotion and Protection of the Rights of Indigenous Peoples. This framework was formalised by the Ministry of the Interior, Security, Decentralisation and Customary Affairs earlier in April. Driven by local organisations such as the Dynamique des Groupes des Peuples Autochtones (DGPA), with backing from Rainforest Foundation UK, this initiative represents a significant milestone in turning the law into a tangible reality for Indigenous communities throughout the country. The framework unites 118 stakeholders – including government bodies, Indigenous leaders, civil society organisations, and international partners – to coordinate actions and offer strategic direction for the effective implementation of the law.

Amber light warning – Orsted’s shares dropped almost 10% on the first day of trading since the US government ordered a pause on the construction of Equinor’s Empire Wind project off Long Island. Denmark’s stock exchange has been closed for Easter since US Interior Secretary Doug Burgum posted on X about the order to halt construction on another offshore wind farm off the US. The move marks an escalation in President Donald Trump’s actions against US offshore wind, as the decision to pause a wind farm that was already under construction threatens two projects that Orsted is building in American waters. The Danish company is set to complete Revolution Wind off the coast of Rhode Island next year, while Sunrise Wind is scheduled for completion in 2027 near New York.

Hydrogen storage – Germany can meet future hydrogen storage needs entirely through salt caverns, which could also support European demand, the economy ministry (BMWK) said in a white paper. While Germany has ample salt formations suitable for large-scale hydrogen storage, the economy ministry ruled out using porous rock formations—mainly found in the south—due to technical uncertainties and limited experience with storing hydrogen in such sites. Hydrogen storage demand in Germany is projected to rise from 2–7 TWh in 2030 to up to 80 TWh by 2045, according to the white paper.

Coconuts to biochar – Truecoco Ghana has produced its first tonnes of biochar made using coconut husk waste, it announced on LinkedIn. It claims to be the first fully certified industrial project to use coconut husk globally for biochar, and the first certified industrial project in Ghana. The method will help to create additional revenues for smallholder farmers in Ghana and across West Africa.

Up and running – Paebbl has started up its demonstration plant for turning CO2 into construction materials, having completed the first 24-hour continuous production run on Mar. 26. The project was completed together with engineering companies Spie and Vicoma, plus financial support from the Netherlands Enterprise Agency (RVO), the company said in a press release Tuesday. The demo plant uses olivine to permanently lock away CO₂, transforming it into supplementary cementitious materials. Cement accounts for over 8% of global CO2 emissions, with growing industry interest in emissions reductions levers.

Grounded flight – Aircraft manufacturer Airbus is pausing development of a hydrogen jet by as much as a decade, sources told the Wall Street Journal. The jet was targeted to launch by 2035, and the company had already spent more than $1.7 bln on the project. Airbus was exploring hydrogen fuel cells and the delay will offer more time to fine-tune the technology.

ASIA PACIFIC

Positive connection – Sumitomo Mitsui Trust Bank and RS Asset Advisors have established a new asset management firm for grid-scale battery energy storage systems, RSBM Corporation, they announced in a press release. This is in response to the Japanese government’s aim to increase the share of renewables in its energy mix to 50% by 2040, for which large-scale storage batteries will be critical, they said. According to the press release, RS Asset Advisors will select and develop the site, while Sumitomo Mitsui Trust Bank will provide the financial expertise.

Internal carbon pricing solution – Japan-based chemicals company Daicel has started using an internal carbon price, set at JPY 10,000 ($71.21) per tCO2e, the firm announced in a press release on Monday. This is part of its efforts to reach net zero emissions by 2050, including a 50% reduction in GHG emissions by 2030, compared with FY 2019 emissions. It will use the price to guide investment decision-making, as one indicator, it said. By contrast, J-Credits from renewable energy were trading around JPY 6,500 on Monday, according to the Tokyo Stock Exchange, and energy efficiency units were marked at JPY 4,100.

Green chips – Semiconductor giant TSMC has said it will peak emissions by 2025, reduce them to 2020 levels by 2030, and achieve net zero by 2050. It added that its reduction targets for Scope 1, 2, and 3 are aligned with SBTi’s Corporate Net-Zero Standard. The company has secured over 50 supplier commitments to its GHG reduction agreement, representing nearly 90% of its supply chain emissions. Earlier this year, TSMC teamed up with the government of Taichung city to implement a coastal afforestation project covering around 2.8 ha. It is estimated to generate at least 1,011 credits over the 30 years by planting nearly 45,000 trees.

Tread lightly – Malaysia’s environment minister, in an interview with Edge Malaysia, has advocated for a carbon tax that should start low and then increase gradually. The Southeast Asian country plans to introduce a carbon tax in 2026 on iron, steel, and energy industries. Minister of Natural Resources and Environmental Sustainability Nik Nazmi Nik Ahmad said the tax aims to support Malaysia’s net zero goals and shield exports from the EU’s CBAM.

Tick, tick – Australia’s Santos has received the final environmental tick needed from the offshore regulator for its high CO2 Barossa gas project. The CO2 will be dealt with via CCS at another depleted field but it needs regulatory approvals from two nations, which it is working towards. Should Santos start Barossa on time later this year it will meet emissions requirements with offsets. The Australian Conservation Foundation Tuesday called it “Australia’s dirtiest gas project” and said it should never have been approved.

The wait is over…almost – Malaysia’s National Climate Change Bill, expected to be itroduced to Parliament soon, was discussed at a meeting between Prime Minister Anwar Ibrahim and various cabinet ministers on Thursday, the Minister of Natural Resources and Environmental Sustainability Nik Nazmi Nik Ahmad said in a LinkedIn post. The bill will have provisions to unlock opportunities under Article 6.2 of the Paris Agreement and pave the way for a domestic ETS. As well, a Climate Change Fund and international trading of carbon credits will ensure that state governments benefit directly from mitigation and adaptation efforts, the minister said. The bill has drawn from global best practices such as the UK’s Climate Change Act and China’s ETS, he added.

AMERICAS

Dismissed – The White House asked a Democrat member of the US Federal Energy Regulatory Commission (FERC) to step down, to leave a 2-2 partisan split that would allow President Donald Trump to tap a Republican commissioner, Politico reported. Commissioner Willie Phillips told Politico he was not surprised and had already planned to step down, effective immediately. Phillips chaired FERC during the Biden administration and had most recently pushed FERC to develop ways to connect data centres to the grid at a faster rate.

Let’s get this EITE – Washington’s Department of Ecology (ECY) is seeking input on no-cost allowance allocations for emissions-intensive, trade-exposed industries (EITEs) through 2035–50 under the state’s cap-and-trade programme. The agency is tasked with preparing a report to the state legislature detailing the best course of action on such allocations, and commenced early discussions in 2024. ECY said it would publish draft materials on May 1 for public feedback through summer 2025 with a goal to submit the report to the legislature by December. ECY is hosting several meetings to discuss key topics related to EITE allocations, the first of which is scheduled to take place on May 1 after draft materials are released.

Amendments aye’d – Amendments to Washington’s House Bill 1975 (HB 1975) and House Bill (HB 1409), both of which passed the state Senate earlier this month, were approved by their chamber of origin this week. The amended HB 1975, which revises the cap-and-trade programme’s price ceiling and Allowance Price Containment Reserve (APCR) thresholds, passed the House on an 83-13 vote. Meanwhile, the revised HB 1409, which tightens Washington’s Clean Fuel Standard (WCFS) stringency, was approved on a 54-43 margin. The bills are now headed to Governor Bob Ferguson’s (D) desk.

Once burned – Mast Reforestation, which sequesters carbon by burying fire-damaged trees to prevent the release of CO2,⁠ announced on Apr. 18 that it’s breaking ground in the first phase of its excavation and biomass burial for a Montana project listed with Puro.earth. The credits for the project, which seeks to durably sequester more than 5,000 tonnes of burned trees from the 2021 Poverty Flats Fire, can be retired by Q4 of this year. The burned biomass will be covered with soil by mid-May. Mast secured ⁠$25 mln in Series B funding in February to expand its biomass burial operations.

US EV evolution – According to a report published Tuesday by data platform Paren, EV charging station and port utilisation rates decreased 0.4 percentage points QoQ to 16.2% in Q1. While the overall trend of utilisation is increasing significantly, the Q1 period typically sees a slow-down due to reduced long-distance travel, the report noted. There was also a somewhat typical seasonal decline in both the opening of new fast charging ports and stations. However, this included a pullback by Tesla, while non-Tesla ports per station increased to 3.9 during Q1 from 2.7 at the end of Dec. 2024. Total stations increased by nearly 800 to around 10,800, while US DC fast charging ports increased by almost 3,700 to just under 55,600. California had among the highest average cost per kWh by state that non-member EV drivers pay for fast charging across stations with four or more ports of 100 kW or higher at 60 cents/kWh, on par with Hawaii and Connecticut, compared to the US average of 54 cents/kWh. Vermont averaged 62 cents/kWh and Wyoming 61 cents/kWh, while EV charging in Iowa was the cheapest at 39 cents/kWh. During Q1, the average US reliability score increased to 82.6 from 81.2 in the prior quarter.

Hello EVs – Meal kit provider HelloFresh has partnered with EV manufacturer Rivian Automotive to incorporate 70 all-electric Rivian Commercial Vans into its fleet. The pair estimates this collaboration to have saved 200 t of carbon and 20,000 gal (75,700 litres) of gasoline across 14 US markets. (The EV Report)

VOLUNTARY

Wet and dry – GCC has launched a public consultation for its new ‘Rewetting of Dried Peatlands’ methodology (GCCMA003), open from Apr. 17 to May 17. This  framework quantifies GHG emission reductions from peatland rewetting, based on recent peer-reviewed research, the Gulf-based standard said. Key features include water-table-depth-based stratification and modeling for CO2 and methane emissions, along with tools to manage project risks and uncertainties.

Teaming up – Residual has joined the Puro.earth network as an official project development partner, the companies announced this week. Residual specialises in de-risking carbon removal projects through ratings optimisation, insurance integration, and project design.

Carbon insights for all – Pachama has opened up its carbon project insight platform to serve more players across the carbon market, it said on LinkedIn. The development allows users to source insights from hundreds of carbon projects, conduct deep diligence in a matter of days, and track project progress over time in one place.

Biomass removals – Carbonfuture has announced a partnership with Biomass Projects Australia to provide third party monitoring, reporting, and verification (MRV) for the Mardie project in Western Australia that will transform invasive mesquite into biomass carbon removal, delivering over 500,000 tonnes of durable CDR annually by 2028. The partnership should enable the developer to ensure their credits meet the high quality levels demanded by buyers, said the announcement on LinkedIn. The invasion of the mesquite plant lowers groundwater levels, crowds out native plants, and poses danger due to its sharp spikes — removing mesquite will therefore help to restore water tables and natural habitats.

Climate with a K – DKSH has partnered with Klimate to purchase carbon removal credits from two projects: one direct air capture activity in Kenya and one biochar production facility in Thailand. The partnerships come as part of DKSH’s broader net zero strategy, which includes optimising transport, increasing energy efficiency, and adopting electric vehicles, as the company aims for a 70% emissions cut from 2020 levels by 2027. No financial or carbon credit volume details were provided.

Ad emissions – Advertising platform LoopMe has partnered with carbon intelligence platform Cedara to create a sustainable advertising ecosystem. The partnership sees LoopMe integrate Cedara’s platform to allow clients to understand the carbon footprint of their media campaigns, and compensate emissions through Cedara’s offset marketplace of removals and avoidance projects. The two will also collaborate on the continued measurement and optimization of LoopMe’s Scope 1, 2, and 3 emissions at an organizational level.

AND FINALLY…

If I were a bird – Swedish commuters are getting around via electric ferries that can fly across the surface of water, The Washington Post reports. Stockholm’s public transport system is newly host to a soaring ship, which rises above the water on a set of underwater wings, known as hydrofoils. The P-12 ferry, created by shipbuilder Candela, can travel faster than diesel ferries while using less energy and 98% fewer carbon emissions, according to an independent analysis from the KTH Royal Institute of Technology in Sweden.

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