Presenting CP Daily, Carbon Pulse’s free newsletter. It’s a daily summary of our news plus bite-sized updates from around the world. Sign up here
TOP STORY
POLL: Where will EUA2 futures be priced when the market launches?
Ahead of next week’s launch of allowance futures for the EU’s new ETS2 carbon market, analysts polled by Carbon Pulse are cautiously bullish on prices but warn of significant uncertainty – both in terms of liquidity and regulatory risk.
EMEA
BRIEFING: Who picks up the EU ETS bill? CO2 utilisation supply chain confronted with key carbon accounting issue
When CO2 is captured and put back in the industrial value chain – whether to grow tomatoes or to burn as a fuel – the awkward question inevitably comes up: who should pick up the bill for the related CO2 under the EU’s Emissions Trading Scheme (ETS)?
Shell buys more shares to prop up investor confidence as profits tumble amid weaker oil and gas prices
Shell posted a sharp drop in first-quarter net profits as the company was hit by weaker oil prices, but the fossil fuel producer still pushed ahead with its policy to boost the share price with buybacks after the renewables and energy solutions segment lost money.
DAC plant opens in UK that turns CO2 into limestone
The world’s first direct air capture (DAC) plant that captures CO2 from the atmosphere and uses it to create a building material has begun operations in the UK.
BRIEFING: UK a great hatching ground for removals if enough infrastructure, subsidies, feedstock access, says think tank
The UK holds great promise for scaling carbon removals provided the sector can access CO2 transport and storage infrastructure, adequate subsidies, and can overcome feedstock issues, wrote a think tank in a report this week, which gave several recommendations for how the government should support the fledgling industry.
Euro Markets: EUAs advance early and hold steady at 1-month high as UKA surge to highest since June
EU carbon allowances surged to a one-month high amid sustained early buying that took the market through key technical resistance levels and held prices near a key psychological mark all day, while UK Allowances jumped to a 10-month high as speculative traders bolstered their positions ahead of the upcoming UK-EU summit.
AMERICAS
Trump asks Congress to cut over $15 bln in domestic, international climate funds
US President Donald Trump wants to slash over $15 billion in funding for emissions reduction projects, which could further dampen domestic carbon management efforts and global multilateral climate initiatives should Congress ratify his proposal.
BRIEFING: Sweeping US bill targets ag emissions, pushes government to adopt soil carbon sequestration
The third time could be the charm for a US bill aimed at reducing carbon emissions in the agriculture sector, as House representatives look to build momentum ahead of potentially damaging anti-climate farming legislation incoming this fall.
US Republican lawmakers introduce bill to extend expired biodiesel tax credit
A group of US Republican lawmakers introduced legislation on Thursday to extend the federal biodiesel blender’s tax credit for two years.
Connecticut lawmakers advance bill to decarbonise the state by 2050
The Connecticut House of Representatives advanced an amended version of a bill that aims to establish a net zero emissions by 2050 target.
CFTC: CCA investors opportunistically build V25 length as unresolved risks weigh on prices
Investors used California Carbon Allowance (CCA) price weakness to rebuild V25 exposure at the expense of longer dated contracts, while reducing RGGI Allowance (RGA) holdings, under the unresolved spectre of potential federal legal action against US state-led ETS programmes and ongoing regulatory delays, data published Friday by the US Commodity Futures Trading Commission (CFTC) showed.
Global industrial company delays $8 bln US CCS project
An industrial gas company has delayed the startup of its $8 billion blue hydrogen and carbon capture and storage (CCS) project in the US until it is able to divest certain elements of the effort.
Microsoft study finds greener data centre cooling can cut emissions by up to 21%
Switching from traditional air cooling to liquid-based systems can slash carbon emissions by as much as 21% across a data centre’s lifecycle, a study by tech giant Microsoft has found.
Industry involvement crucial for scaling CDR, report says
Industrial companies have a significant opportunity to tap into multi-billion dollar carbon removal (CDR) market by embedding the practice into their operations, said a report released by a US-based think tank Wednesday.
ASIA PACIFIC
NZ govt confirms enforcement date of farm-to-forestry conversion restrictions
The New Zealand government has confirmed its farm-to-forestry conversion ban will take effect as of December last year, as an agriculture lobby group has attempted to narrow exemptions to the restrictions.
Study backs Australian state plans for green hydrogen shipments to Germany
The West Australian government said Friday a study it had undertaken with two European partners added more evidential heft to its long running plans to turn a port several hundred kilometres north of capital Perth into a green hydrogen and ammonia export super hub.
Asian carrier to add the cost of carbon to flight prices to pay for CORSIA-eligible credits, tech capital spend
A major Asian airline is set to begin adding carbon pricing to flights this year to meet the cost of sourcing necessary offset credits to meet its mandated decarbonisation goals.
INTERNATIONAL
Switzerland signs bilateral Article 6 agreement with Kenya
Switzerland has signed a bilateral carbon trade agreement with Kenya, it was announced Friday.
World Bank approves millions in Benin carbon funding
The World Bank has approved two International Development Association (IDA) financings totalling more than $180 million to support Benin’s efforts in improving land tenure security and enhancing forest management, including for the generation of carbon credits.
VOLUNTARY
First verified carbon removals issued for wastewater alkalinity enhancement
Verified carbon removal credits from wastewater alkalinity enhancement (WAE) have been issued this week by a removals registry, marking the first delivery under the developer’s multi-million dollar agreement with a removals buyer club.
INTERVIEW: US biotech company moves new livestock methane solution closer to market
A startup working at the intersection of agriculture and climate change mitigation is advancing a methane-reducing vaccine for livestock, positioning it as a globally scalable tool for cutting GHG emissions.
BIODIVERSITY (FREE TO READ)
All our nature and biodiversity articles remain free to read (no subscription required). However, we now require that all readers have a Carbon Pulse login to access this content in full. To get a login, sign up for a free trial of our news. If you’ve already had a trial, then you already have a login.
Biodiversity credits need higher prices to support global targets, study finds
Biodiversity credits could contribute to achieving global biodiversity targets, provided that prices are increased through improved credit accounting methods, according to a study released this week.
ICYM
POLL: Analysts cut EUA price forecasts as trade tensions, weak demand weigh
Analysts have reduced their forecasts for EU carbon allowances, predicting that prices will remain under pressure in the short term as geopolitical tensions, weak industrial activity, and cautious sentiment continue to weigh on the market.
POLL: All eyes on linking talks as analysts maintain bearish near-term outlook for UKAs
Analysts generally maintained a bearish near-term outlook for UK Allowance prices due to ongoing oversupply and policy uncertainty, as focus now turns to a May summit between Britain and the EU at which linking the two markets is expected to be discussed.
—————————————————
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
—————————————————
EVENTS
Carbon Forward Turkiye – May 7-8, Izmir – Following 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.
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
—————————————————
ADVERTISE WITH US
Carbon Pulse has published its 2025 advertising brochure and media pack, featuring updated offerings and prices. With that, bookings are now open for advertising on our website and in our newsletters.
—————————————————
BITE-SIZED UPDATES FROM AROUND THE WORLD
INTERNATIONAL
Moving forward – The foreign ministers for the BRICS bloc, which met earlier this week, are looking forward to advancing the implementation of the 2024 BRICS Carbon Market Partnership agreement to strengthen collaboration among the members nations. The partnership will facilitate cooperation in the field of carbon markets, with a specific focus on capacity-building, the Presidency Declaration stated. The ministers also plan to establish a BRICS Laboratory on Trade, Climate Change, and Sustainable Development, to promote collaboration on mutually supportive approaches to trade and environmental policy. As well, the officials rejected unilateral, punitive, and discriminatory protectionist measures, not in line with international law, such as unilateral and discriminatory carbon border adjustment mechanisms (CBAMs), the statement added.
Backtracking concern – More than two-dozen investors who collectively manage £1.2 tln in assets have called on HSBC to reinstate its 2030 climate targets, which in February the bank said it would need to rely more on carbon offsetting to meet. At the same time, HSBC delayed its net-zero emissions targets for operations, travel, and supply chains to 2050. While the bank is also reviewing its targets for reducing financed emissions, and removed its chief sustainability officers from the executive board in Oct. 2024 as part of a wider reshuffle. The group of shareholders including Trinity College Cambridge and the Church of England is calling on the bank to urgently affirm it will continue to build on its climate progress rather than backtrack, and to undertake this process in dialogue with shareholders, said a spokesperson from ShareAction who coordinated the call to action ahead of HSBC’s AGM on Friday. (edie.com)
Unwanted advisory – The Tony Blair Institute (TBI) offered to advise this year’s COP30 climate summit in Brazil but talks did not progress, according to people familiar, reported by the FT. TBI, established by the former British prime minister in 2016, previously worked closely with both the UAE and Azerbaijan, hosts of COP28 and COP29 respectively, moves that proved controversial. In a recent report, Blair called for a reset of net zero policies in the UK, warning voters were being made to make too many ‘financial sacrifices’. His foreword to the report urged governments to change course on tackling climate change and said the COP process won’t deliver change fast enough. His critique of the annual forum would be viewed as deeply unhelpful by Brazil, one COP veteran said. People close to the Brazilian government have said it’s unlikely the TBI could win an advisory role with the country ahead of COP30, particularly given Brazil’s large and professional foreign service.
EMEA
Easy does it – Total nEHS-regulated emissions in 2023 were approximately 282.6 mln tonnes of CO2, a 2.6% decrease from 2022, according to an official report published by the German emissions authority this week. When adjusting for newly included fuels like coal, the reduction was about 3.8%, or 10.9 mln tonnes of CO2. In 2023, nEHS covered around 42% of Germany’s total GHG emissions, while the EU ETS covered around 43%. Combined, about 85% of Germany’s emissions were subject to carbon pricing DEHSt said. Main contributors to the nEHS emissions were from natural gas and diesel producers, each accounting for around one-third of emissions.
Investing in livelihoods – Singapore’s Temasek is helping the communities in Kenya’s Kitui and Baringo counties earn carbon credits through the plantation of 2.1 mln trees, local media outlet The Star has reported. Half of the carbon credits generated under the project will be issued to the investor, while 45% will be sold in the voluntary market and the revenue will be paid to the tree owners, it said. Initially launched in 2021, the project was stopped after a drought hit Kenya, affecting tree plantations. In Dec. 2022, Temasek extended a funding of $15,000 to Global EverGreening Alliance that went to the construction of the water sump-well, giving a big boost to tree-planting, livelihoods, and land restoration activities in the region.
Here are the facts – The Swiss Federal Office for the Environment (FOEN) has published a fact sheet on its legal CO2 removal and storage framework. The fact sheet provides information on current incentives and legal conditions for CCS and CDR technologies and is aimed particularly at project developers, buyers of negative emissions in the form of CO2 certificates, cantonal and municipal permitting authorities, and the interested public. It is available in German, French, Italian, and English.
Missing the mark – By lagging in carbon commodification, Gulf countries risk forfeiting significant revenue and losing access to critical funding for low-carbon technologies and fuels, according to Jan Haizmann of Zero Emissions Traders Alliance, in an opinion piece published for Zawya Projects. Gulf countries risk leaving money – a lot of money – on the table, he wrote, as they risk being left behind in scaling carbon finance. Moreover, they relinquish sources of funding for new fuels and technologies to meet their climate goals, Haizmann wrote.
Uncertain outlook – Chemicals company BASF reaffirmed its full-year earnings guidance on Friday, targeting 2025 earnings before interest, taxes, depreciation and amortisation (EBITDA) and adjusted for one-off items of between €8 bln – €8.4 bln, up from €7.9 bln last year. During the first quarter, adjusted EBITDA fell 3.2% to €2.63 bln, broadly in line with market expectations. The German company warned the outlook was highly uncertain due to US tariffs and the unknown impact of how other countries respond. Net income in the Jan-March period dropped 41% to €808 mln. BASF plans to hold its 49% stake in two planned North Sea wind farms back to original owner Vattenfall, while retaining the Swedish utility as a renewable power supplier. The company is holding its annual investor meeting Friday. (Reuters)
Profit drop – Volkswagen’s first quarter operating profit for the core brand group dropped by 46.3%, due to EU carbon provisions and write-down on inventory related to US tariffs, the automaker said on Friday. The operating profit for the core brand group fell to €1.12 bln, from €2.08 bln a year ago, while its VW passenger car unit saw an 84.9% drop to €112 mln. In April, VW said it included a €600 mln provision for potential fines for missing European carbon emissions targets in first quarter results. (Reuters)
Carbon bomb financing – City of London banks have invested more than $100 bln into companies developing so-called ‘carbon bombs’ — huge oil, gas, and coal projects that would drive the climate past globally agreed temperature limits with hugely damaging consequences worldwide, according to a study by Leave It In the Ground Organisation (LINGO). Nine London-based banks, including HSBC, NatWest, Barclays, and Lloyds, have participated in financing companies responsible for at least 117 carbon bomb projects in 28 countries from 2016-23, the researchers found. If the projects advance, they will have potential to emit 420 bln tonnes of CO2, equivalent to over a decade of current global CO2 emissions. HSBC was found to financially support companies involved in the most such projects at 104 in total.
Rebranded – Climate finance company HeavyFinance, dedicated to advancing regenerative agriculture in Europe, has rebranded as InSoil to better reflect the firm’s broader focus on soil health and carbon credit generation, ArcticStartup reported on Friday. The company said it launched a €50-mln private credit fund to support projects with measurable climate impact, with the EIF committing €20 mln. The new capital will go towards widening access to its 0% interest Green Loans and accelerate the expansion of its Carbon Farming Program, aiming at enrolling 1 mln ha by 2026.
ASIA PACIFIC
Green route – A ‘green shipping route’ between South Korea and the US will be established by 2027 as previously planned, according to national news agency Yonhap, which cited remarks by officials from the Korean ocean ministry. The two countries will cooperate to introduce eco-friendly ships, establish infrastructure for carbon-neutral fuels such as green methanol, as well as set up relevant standards. South Korea is also working with Australia to study the feasibility of another green shipping route, likely to be launched in the first half of 2029.
Adding clout – China has published a draft of the country’s first-ever environmental code, which should establish principles and guiding provisions, facilitate the integration of related legislation, and fill gaps in the current legal framework, state-owned news agency Xinhua reported. Currently, China has around 30 laws and more than 100 administrative regulations in the environmental field, including one announced last year for the operation of the national emissions trading scheme.
Full throttle – The world’s largest 100% battery electric ship is close being finished by a shipyard in Tasmania, Australia and will go on to transport passengers in South America, Renew Economy reported. The 130-metre, zero-emissions Hull 096 was built by shipbuilder Incat for South American ferry operator Buquebus. The vessel includes over 250 tonnes of batteries with an energy storage capacity of more than 40 MWh, four times larger than any previous maritime installation in the world. Incat will finish a final fit out, battery installation, energy system integration, and sea trials will take place later this year. The Hull 096 is the ninth vessel Incat has built for Buquebus, but the first that is zero emissions.
AMERICAS
Scary IRA – More than three dozen Republicans have banded together to urge a total repeal of the Biden-era Inflation Reduction Act (IRA), according to E&E News. The outlet reported 38 lawmakers said they feared “parochial interests” would keep US President Donald Trump from fulfilling his promises to unleash American energy in a letter to House Ways and Means Chair Jason Smith (R-Mo). An environmental research centre estimated in April that repealing certain tax credit provisions in the IRA could save $421 bln in federal spending by 2034.
Pivoting programme priorities – The US EPA has announced a new phase of organisational restructuring intended to improve operational efficiency and better align staff with the agency’s statutory responsibilities. The changes, made under President Trump’s executive order on workforce optimisation, affect the Office of the Administrator, Office of Air and Radiation, Office of Chemical Safety and Pollution Prevention, and Office of Water. Measures include the creation of new offices focused on state air partnerships, clean air programmes, and applied science, as well as the reallocation of over 130 technical and scientific staff to address backlogs in chemical and pesticide reviews.
Storage standards set – Ohio representatives introduced House Bill 170, which aims to establish a legal and regulatory framework for carbon capture and geologic storage in the state. The bill grants the Division of Oil and Gas Resources Management exclusive authority over carbon sequestration activities, including permitting and oversight of underground injection wells classified under UIC Class VI. It establishes procedures for site permitting and consolidation, sets financial assurance and liability requirements, and outlines post-closure responsibilities. The bill also clarifies ownership of injected CO2 and limits liability for surface and subsurface property owners, except under specific conditions. The legislation follows the recent introduction of a similar bill by Ohio senators.
SAF research funding – A new bill in Minnesota would require the commissioner of the state’s Pollution Control Agency to pursue steps towards development of Sustainable Aviation Fuel (SAF) in St. Paul. HF 3280 would mandate the commissioner to contract an entity to design CO2 capture and transport infrastructure to produce SAF at the Metropolitan Water Resource Recovery Facility in the city. The bill would appropriate $300,000 from the state’s general fund in pursuit of this goal, inclusive of a report to be submitted no later than June 2029 that details capital and operation costs, workers employed, and an estimated volume of SAF to be produced annually.
Bills, bills, bills – Two California bills looking to increase transparency around cost impacts of transportation fuel regulations on consumers have recently progressed in the California legislature. Assembly Bill 555 (AB 555), which seeks to require California regulator ARB to submit quarterly reports to the Legislature detailing how its regulations affect fuel prices for Californian consumers, has been referred to the Assembly Appropriations Committee, with a hearing scheduled on May 7. Senate Bill 348 (SB 348), which has also been referred to the Senate Appropriations Committee, proposes to require ARB to revise LCF by Jan. 31, 2026 to reduce its financial burden on drivers. The bill mandates a full analysis of carbon credit pass-through costs, prioritises driver-focused policy changes, and calls for a balance between environmental goals and economic equity. It also requires a financial impact analysis whenever ARB adopts or revises regulations that directly affect drivers.
Shifting goalposts – Quebec modified the date it expects to publish and enact changes to its cap-and-trade programme on Friday. The province’s environment ministry (MELCCFP) updated its site detailing to indicate that it expects publication of proposed regulation or other legislative instruments in spring-summer 2025 and enactment of a by-law or other legislative instrument in fall-winter 2025. Previously those timelines listed were spring and fall 2025. Changes to the province’s joint carbon market with California have been long delayed, as market participants initially expected a key rulemaking document to be published in fall 2024.
Fuel rules – California’s ARB issued an advisory on Friday clarifying fuel compliance requirements for ocean-going vessels (OGVs) operating within 24 nautical miles of the California coast. The Ocean-Going Vessel Fuel Regulation mandates the use of marine gas oil (MGO) or marine diesel oil (MDO) with no more than 0.1% sulfur content, aligned with ISO 8217 standards. Vessels may use alternative fuels such as natural gas, methanol, and electricity if they are among those explicitly exempt from the regulation. Non-exempt alternative fuels like biodiesel or renewable diesel may only be used with an ARB-approved research exemption. The advisory also confirms that compliant pilot fuels may be used with exempt primary fuels and outlines the process for applying for research exemptions, including pre-approval requirements and emissions minimisation measures. Enforcement applies to vessels not meeting these requirements unless operating under an approved exemption.
Plugging away – Zefiro Methane, a US-based environmental services company focused on methane abatement, announced Friday that its subsidiary Plants & Goodwin secured new contracts to plug oil and gas wells from the Ohio state government. The contracts include ten wells located in Ashtabula county.
Cowboy country cash tracker – Emissions Reduction Alberta (ERA) announced a new interactive project map that allows stakeholders to pinpoint each of the 306 ERA-funded projects to-date throughout Alberta, across hundreds of cities, towns, and hamlets. The interface includes a series of dashboards and charts that provide a visual overview of ERA’s portfolio of nearly C$970 mln ($702 mln) worth of investments made over 16 years of advancing innovative technologies that contribute to economic growth and emissions reduction in the province.
Crossing fingers – Alberta Premier Danielle Smith said that she’s confident Dow’s C$9 bln ($6.5 bln) net zero petrochemicals project will proceed, even though the company said it was delaying construction until market conditions improve. The Path2Zero project, claimed to be the world’s first net zero Scope 1 and 2 emissions ethylene and derivatives complex. It was planned to be located in Fort Saskatchewan, Alberta. Smith said that she spoke with CEO Jim Fitterling and said that it was just a matter of slowing down the timing of the project amid broader global uncertainty. (Calgary Herald)
Croaker encroachers – Two companies in Quebec were sentenced to pay C$35,000 ($25,300) in fines for causing damage to an area that is protected by the Species at Risk Act. The geographic area near Montreal is approximately 2 km squared and was protected by emergency order in 2016 to decrease habitat loss for the Western Chorus Frog and prevent activities that could harm the species. In 2023, Habitations Pilon and Les excavations Jacques Germain & fils were making changes to a billboard using heavy machinery, which caused damage to more than a quarter of the protected area – visible damage covered over 612 meters squared. Of the fines paid, C$30,000 will be directed to the Government of Canada’s Environmental Damages Fund and C$5,000 will be paid to the Receiver General for Canada.
VOLUNTARY
The future is now – IETA has published a paper on ‘The Digital Transformation of Carbon Markets’. In the report, the emissions trading association outlines its vision for what a digitally transformed carbon market could look like, suggesting that overall, the carbon market has generally been slow to fully embrace technological innovation. The organisation said that AI and other digital developments could speed credit generation, lower operational costs, and enhance market transparency and integrity.
New maps – Project proponents can now access Verra’s provisional versions of allocated deforestation risk maps for Cambodia and Guatemala. This is part of the standard’s new REDD jurisdictional methodology, within the module for Avoided Unplanned Deforestation (AUD). Under the module, proponents can conduct preliminary deforestation due diligence using this open-access data.
Growth plans – Imperative, a carbon project development company, has announced the appointment of John Nagulendran as Chief Growth & Investment Officer and member of the board of directors. Nagulendran will support CEO Scobie Mackay with identifying and executing the company’s capital and strategic growth plans. He will also lead strategic engagement with the company’s investors, governments, civil society ,and other stakeholders. Nagulendran previously spent 14 years at Switzerland-based Pala Investments where he was responsible for structuring and executing public and private equity raisings, project financings, joint ventures, mergers and acquisitions, and divestments in the natural resources and critical minerals sector. He was previously at Herbert Smith Freehills and Rajah & Tann.
AND FINALLY…
Dead men drink no CO2 – Spirits distributor Blue Caterpillar has entered a strategic partnership with UK-based Two Drifters Distillery to distribute the world’s first carbon-negative rum. Starting in June, the sustainably produced rums will be available in global travel retail and select domestic markets across the Caribbean and the Americas. Founded by Russ and Gemma Wakeham, Two Drifters operates entirely on renewable energy and removes over 1 kg of CO2 per bottle using carbon capture technology. Its eco-friendly practices also extend to packaging. The brand’s core range – Pure White Rum, Signature Rum, Lightly Spiced Rum, and Overproof Spiced Pineapple Rum – will be introduced through Blue Caterpillar’s network. The deal comes amid growing consumer demand for premium and environmentally conscious spirits. Both companies said the partnership responds to this trend, combining sustainability with high-quality rum. (Moodie Davitt Report)
Got a tip? How about some feedback? Email us at news@carbon-pulse.com
