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TOP STORY
Microsoft to buy 1.24 mln carbon removal credits in “world’s largest” biochar deal
Microsoft has signed the “world’s largest” biochar carbon removals deal with a South American project developer, agreeing to buy 1.24 million credits over the next decade.
INTERNATIONAL
FEATURE: In tight race with Turkiye, Australia and the Pacific look likely to win COP31
The Australia-Pacific bid to host COP31 next year is looking more and more likely to win out over rival Turkiye, according to observers, thanks to a stronger reputational standing and the chance to shift the annual UN summit out of the Northern Hemisphere for the first time in a decade, but Turkiye is not ceding ground just yet.
NDCs need explicit renewable energy targets to reach 1.5C goal, say experts
Countries need to set explicit renewable energy targets under their Nationally Determined Contributions (NDCs) if countries are to decarbonise the power sector fast enough to stay on track with 1.5C, said experts on a webinar hosted by a think tank.
IEA flags growing challenges to critical mineral supply
The International Energy Agency (IEA) on Wednesday released an updated critical minerals report, saying there are potential supply crunches for the majority of minerals needed for a clean energy transition.
Research initiative aims to provide new data on emissions from hydrogen
A research initiative between academics, and companies in the chemicals and oil & gas business has started measuring emissions from hydrogen infrastructure in North America and Europe, in an effort to fill a gap in empirical data in a growing international market, the group announced on Wednesday.
VOLUNTARY
REDD alert as low prices stop developers reaping rewards from high integrity carbon projects, say analysts
Verra’s new methodology for crediting avoided deforestation REDD+ projects will slash issuance levels and create a minimum floor price of $15/tonne, but the current value of units is still too low to incentivise many project developers to take the risk, according to new analysis.
Integrity body urged to further standardise permanence approaches
The Integrity Council for the Voluntary Carbon Market (ICVCM) has released its first report from the Continuous Improvement Work Programme (CIWP) focused on permanence, which welcomed the strong foundation of approaches to have been implemented across the market to date, but recognised that many of these have not been standardised.
DAC developer defends technology’s role, points to solid sorbents and waste heat use
Direct air capture (DAC) is “a necessary tool in the climate toolbox”, an Amsterdam-based developer said in a statement this week, reaffirming its focus on solid sorbent systems, integration with industrial waste heat, and curtailed renewables.
Bezos Earth Fund awards $1.2 mln in first round of AI climate, biodiversity innovation grants
The Bezos Earth Fund on Tuesday unveiled the recipients of 24 inaugural Phase I grants under its AI Grand Challenge for Climate and Nature, awarding a total of $1.2 million to support the development of artificial intelligence solutions targeting some of the world’s most urgent environmental challenges.
EMEA
ANALYSIS: EU-UK linking announcement “positive” but leaves market with more questions than answers
News this week that the EU and UK had struck an initial agreement to link their emissions trading systems (ETSs) with exemptions from upcoming carbon border fees sparked a flurry of British market activity, pushing benchmark prices above £55 for the first time since 2023, but traders and analysts alike questioned the scale of the gains given officials are yet to provide a timeline or any firm details on implementation of a link-up.
EU ETS has delivered but faces uncertainty amid post-2030 climate target delay -report
The European Union’s Emissions Trading System (ETS) is facing a period of uncertainty, as pressure mounts to accelerate upcoming reviews, amid delays in the bloc’s release of new climate targets for 2035 and 2040, though there is rising support in the market and among policymakers for integrating international credits into the scheme, according to a new report published Wednesday.
EU may delay CBAM for Ukraine until 2027, but Kyiv yet to file formal request -media
The European Commission is prepared to delay the full rollout of the Carbon Border Adjustment Mechanism (CBAM) for Ukraine until Feb. 1, 2027, according to Ukraine’s environment ministry, though Kyiv has yet to submit a formal request, local media reported this month.
EU rebuffs Russia’s WTO complaint against CBAM as unfounded
The European Commission rebuffed Russia’s challenge against the EU’s Carbon Border Adjustment Mechanism (CBAM), filed on Tuesday at the World Trade Organization (WTO).
EU aluminium industry warns of CBAM loopholes, ahead of vote on simplification
The design of the EU’s Carbon Border Adjustment Mechanism (CBAM) could accelerate an exodus of operations – known as carbon leakage – in the aluminium sector, a new study warned, on the eve of a key European Parliament vote on proposals to simplify the scheme.
Switzerland, Ghana confirm authorisation of Article 6 e-mobility project
An electric bicycles mitigation activity, forming part of a wider Article 6 carbon trade agreement, has been fully authorised by Switzerland and Ghana, confirming Carbon Pulse reporting from earlier in May.
Euro Markets: EUAs ease lower as gas correlation returns, funds raise net long position
European carbon allowance prices struggled for direction on Wednesday as traders noted a gradual return to gas market correlation, with the TTF market climbing higher over the morning then easing back across the afternoon, a move mirrored by EUAs, while investment funds increased their collective net long position for a third consecutive week, driven by a sharp cut in total shorts.
US tariffs having minimal effect on EUA prices, says analyst
The impact of US tariffs on EUA prices has been minimal, according to an analyst on a webinar on Wednesday, who sees benchmark European carbon permit price rises in 2026 driven by decreases in free allocations and tighter auction volumes.
BRIEFING: EU sees hydrogen rules as template for future CO2 infrastructure
The European Commission is looking at EU hydrogen infrastructure rules adopted last year as a potential template for its upcoming CO2 transport and storage regulatory package expected in 2026, an official has said.
Kenyan fintech to connect communities to carbon revenue
A popular Kenyan mobile money system is being applied to the voluntary carbon market (VCM), lowering costs for micro-scale projects and funnelling revenues to local communities, as per a presentation at the Kenya Carbon Markets Conference in Nairobi on Tuesday.
Demand for EU-certified carbon farming credits hinges on Green Claims Directive, industry says
The EU’s Green Claims Directive is key to shaping demand for EU-certified carbon farming credits, experts said repeatedly during a public workshop organised by the European Commission on Tuesday.
Top Iraqi official calls for regional carbon exchange -media
A high-ranking Iraqi official on Wednesday called for the creation of a regional carbon credit exchange led by Iraq, building upon recent momentum for state-backed carbon market development in the Middle Eastern country.
ASIA PACIFIC
BRIEFING: Knife fight over carbon offsets re-emerges in Australia after legal settlement
Debate over the use of carbon credits has erupted in Australia once more, in the wake of EnergyAustralia’s recent legal settlement with an NGO and the ensuing reaction by the industry and activists.
Japanese software company launches AI-powered carbon accounting service
A Tokyo-headquartered software company has launched a carbon accounting service that uses AI to help calculate clients’ GHG emissions, it announced Wednesday.
Mining boss calls for end to Australian fuel subsidy and cleaner iron ore instead
An Australian mining billionaire would like to see the fuel excise that benefits his company scrapped or at least redirected to force companies that enjoy its discounts to spend the same on green energy and decarbonisation development.
AMERICAS
BRIEFING: Canadian carbon market players pressure PM Carney for policy stability, provincial collaboration
Canada’s newly-elected Prime Minister Mark Carney faces pressure from carbon market participants to stabilise climate policy amid recent turbulence, a conference heard Wednesday.
Alberta TIER opt-ins could exit programme absent Canada’s carbon tax -market expert
Entities emitting about one-tenth of Alberta’s industrial emissions risk falling outside the scope of being regulated for their CO2 output following removal of Canada’s consumer-facing carbon tax, an expert said during a conference Wednesday.
RGGI’s allowance surplus bank declines over 11% YoY in 2024 -report
RGGI permits held in excess of compliance requirements declined 11.4% year-on-year in 2024, according to an annual market analysis.
Global verification body releases new GHG certification for chemical industry
A validation and verification body unveiled a new third-party certification programme for measuring GHG intensity levels and reduction levels of chemical materials, according to a Wednesday announcement.
California records lowest diesel consumption for February in 24 years
California diesel sales in February plunged to the lowest monthly consumption going back to Feb. 2001 – the earliest records of state data, according to a report published Tuesday.
Guyana readjusts carbon credit SOP to stabilise finance flows to Indigenous peoples
Guyana will for a second consecutive year tweak the share of proceeds (SOP) from carbon credits that is allocated to Amerindian communities, keeping absolute financial benefits the same, the vice president announced at an Indigenous national assembly on Tuesday.
BIODIVERSITY (FREE TO READ)
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Accounting for Nature sets up committee to oversee biodiversity credit scheme
Australia-based non-profit Accounting for Nature (AFN) announced on Wednesday the establishment of an independent committee to oversee its biodiversity credit scheme.
Eco-Markets Australia launches cassowary credit market
An Australian environmental markets administrator on Thursday launched a new biodiversity market aimed at protecting and restoring landscapes in Queensland’s Wet Tropics region that are home to the cassowary.
Bottom trawling widespread in UK marine protected areas, NGO finds
Over 20,000 hours of suspected bottom trawling took place within the UK’s marine protected areas (MPAs) last year, despite government pledges to strengthen conservation efforts, according to a report released this week.
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EVENTS
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
Eurelectric Power Summit: June 3-4, Brussels – Rising cybersecurity threats, procurement issues, and escalating geopolitical tensions are testing the resilience of Europe’s energy sector. Transport, big tech, and industry are raising new demands: from lower electricity prices and more competitive contracts for industrials to exponentially higher electricity demand from data centres and AI. Meanwhile, the energy price crisis caused the average energy consumer to be increasingly sceptical of the power sector and Europe’s energy transition. Join the most influential policymakers and industry leaders in Europe at Eurelectric’s Power Summit to make sense of these megatrends. Register here
Climate Action for People and Nature (Gold Standard): June 5-6, Paris – Join climate leaders, policy makers, innovators, and corporate trailblazers committed to bridging the gap to net zero. This two-day event offers practical insights and tools to help your organisation navigate evolving climate targets, carbon markets, environmental attribute certificates (EACs), and other impact-driven mechanisms. Don’t miss the chance to network, learn, and lead credible climate action that drives real impact for both people and planet. Purchase your ticket today
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BITE-SIZED UPDATES FROM AROUND THE WORLD
NOTICE: Our bite-sized updates are to no longer appear in the CP Daily newsletter. They will be relocated to the new CP Daily News Ticker that will be launched on the Carbon Pulse website in the coming days. The CP Daily News Ticker will act as a ‘live blog’, also featuring all Carbon Pulse news and analysis published that day, appearing in real time. A link to the Ticker will appear in our daily newsletters. It will remain free to read for Carbon Pulse non-subscribers, but it will eventually be migrated to paid access only.
INTERNATIONAL
Belem bookings – Brazil has hired the accommodation management company Bnetwork to provide an official booking platform for November’s COP30 summit in Belem, the summit presidency announced on Tuesday. Bnetwork has already managed accommodation bookings at the past two COPs, in Baku and Dubai. The platform will consolidate the available rooms in hotels and private properties into one digital platform — which in Belem will also include hotel boats. The presidency did not say when the service will launch, but only that it depends on when Bnetwork, the local governments, and the local tourism sector can finish compiling an inventory of Belem’s lodging capacity. The Brazilian government has said in the past that it will charter cruise ships to accommodate the tens of thousands of delegates expected to descend on the small Amazonian city.
EMEA
Fuel tax – Cyprus will implement a reduced carbon tax on fuel starting from June after the European Commission rejected demands that it be postponed. The tax will increase fuel prices by 3-4 cents per liter, rather than the 6-8 cents initially set out, following negotiations with EU officials. The Commission responded positively to the country’s request to halve the tax, even though previously it was reported that suspending the tax’s implementation would result in the loss of €50-60 mln from the Recovery Fund. Cyprus’s Ministry of Finance is now preparing legislation to impose the reduced carbon tax for 18 months, with the bill to be submitted to Parliament in June. When EU ETS2 is implemented in 2027, Cyprus will be able to deduct the green tax paid during 2025-26, resulting in a net price increase of about 10-12 cents per liter in 2027, in-cyprus reported. Compensatory measures will be made available for vulnerable groups and vehicle replacement schemes by the government.
Uncovered – An investigation by Mongabay has revealed that the Republic of Congo has granted nearly 80 gold mining and exploration permits in areas covered by projects under the Reducing Emissions from Deforestation and forest Degradation (REDD+) framework, driving deforestation and negatively impacting local communities. Mongabay Africa staff writer Elodie Toto interviewed a local resident who reported now having to walk 20 km to find food and water due to the devastation caused. Toto said that a REDD+ project developer seemed aware of the situation and appeared to justify the mining, saying “we can’t just save our forest and expect some [money] from it; we are a developing country, and to develop a country, one needs money”. The country has been protecting about half of its lush rainforests via the REDD+ framework.
Renewable cash for communities – The UK government is proposing new requirements for energy developers to provide cash to coastal and rural communities that neighbour their onshore and offshore wind and solar farms, to be spent on local priorities and services such as community centres, better transport links, and apprentice and employment programmes, it announced on Wednesday. The proposals would enable communities to take a stake in renewable energy infrastructure through shared ownership, resulting in profits being reinvested into the local areas. The sums could range from tens of thousands of pounds a year for small developments, to millions per year for large-scale projects.
CCS for waste – The UK has issued a draft permit for the Viridor Runcorn CCS project, reported ENDS Waste & Bioenergy on Tuesday. It said the UK Environment Agency is consulting on its draft decision to issue a permit for CCS at the Runcorn Energy Recovery Facility, an incinerator in northwest England. The decision comes as development is due to enter planning this summer, the report added. Viridor agreed a statement of principles with the UK Government’s DESNZ last month. It plans to invest £500 bln to capture 900,000 tonnes of CO2 per year, or enough to offset the emissions from treating a million tonnes of waste. The project could serve as a blueprint for other CCS projects at the UK’s 50 waste-to-energy facilities and deliver up to 10% of the UK’s 2030 negative emissions target, Viridor said.
Green public procurement – Europe must “Buy Better to Build Better”, announced a new coalition on green public procurement launched at the European Parliament on Wednesday. The BBBB brings together 35 stakeholders from industry, business associations, public authorities and civil society to push for green public procurement to drive sustainable construction. Public purchasing power represents 15% of EU GDP, but more than half of EU public contracts are awarded based solely on the lowest price. Public procurement is responsible for at least 11% of the EU’s total GHG emissions.
Taking the lead – Stockholm has set out a climate action plan for 2030, aiming to reduce emissions from energy use and transport by 80%, halve consumption-based emissions, and become fully fossil fuel free by 2040. The targets are structured around five core areas: a just and inclusive transition, fossil-free and climate-positive energy, sustainable and fossil-free transport, circular and sustainable urban development, and reduced climate impact from consumption. As well, Stockholm is implementing a carbon emissions budget, limiting its emissions to 9 mln tonnes of CO₂-equivalent between 2024 and 2040.
Shell under fire – Investors are continuing to question Shell’s dash for gas strategy after the fossil fuel major downsized its climate commitments. More than 20% of shareholders have backed a resolution questioning the firm’s planned expansion of LNG production at Shell’s Annual General Meeting on Tuesday. Shell predicts that global demand for LNG is on track to rise by 60% through to 2040 and put LNG production at the heart of its expansion strategy. The oil firm plans to grow LNG sales by 4-5% annually until 2030, and grow top-line production in its integrated gas business by 1% annually. A resolution put forward by UK LGPS investors Brunel Pension Partnership, Greater Manchester Pension Fund and Merseyside Pension Fund and co-filed by the Australasian Centre for Corporate Responsibility (ACCR) questions these assumptions, warning that Shell has more uncontracted LNG than any other oil and gas majors, leaving it highly exposed to losses if prices were to drop. Under UK listing rules, companies which receive a shareholder opposition of more than 20% are forced to explain how they will tackle shareholder concerns. Last year, Shell cut its climate commitments, setting a new target of reducing net carbon intensity emissions by 15-20% by 2030 from 2016 levels, down from 20% previously.
Benchmarks on board – General Index (GX), a UK-based commodities benchmark provider, and ATOBA Energy, a global sustainable aviation fuel (SAF) aggregator, announced a partnership to develop technology-specific SAF price benchmarks. The collaboration aims to address the aviation sector’s need for tailored pricing tools to support investment and long-term offtake agreements, the partners said.
ASIA PACIFIC
Replacing Verra – Estonia-based climate tech startup Carbontribe Labs has received certification from verification body Earthood for its methodologies on afforestation, mangroves, and regenerative agriculture, making it the first company globally to achieve that for a fully digital environmental value asset generation framework, it said in a statement Wednesday. More than 90% of the credits generated using these methodologies, to be called “Verified Impact Assets”, will be automated by AI and can be used by companies to meet their Scope 3 emissions. The company said it has already conducted demonstration projects in Japan and overseas and aims to establish an “international standard for the post-Verra era”.
Always a first – Japanese developer ByWill has signed an agreement with Toho Bank and Miharu Town in Fukushima prefecture for the creation and distribution of J-Credits, it announced Wednesday. The partners will start by generating credits through the introduction of LED and solar power generation equipment. ByWill aims to achieve carbon neutrality in all 47 prefectures of Japan, and this is the first time it signs an agreement with a local government in Fukushima Prefecture, it added.
Doing it right – Japanese developer Green Carbon has signed an MoU with Vietnam National University and Hanoi Business School to conduct research on improving rice quality through the introduction of alternate wetting and drying (AWD) methodology for rice cultivation. Other than the known effects of AWD such as GHG emissions reductions and yield improvement, the partnership will aim to scientifically clarify how AWD affects the quality of rice. To start with, the partners will target fields in Nghe An province, where Green Carbon has already introduced AWD. In the past year, the developer has signed agreement with 22 provinces in Vietnam for methane reduction projects from rice cultivation.
Milky credits – India needs to develop models to ensure dairy farmers receive direct benefits from carbon credits by reducing emissions in the sector, Union Home and Cooperation Minister Amit Shah said on Tuesday. Shah called for integrating carbon markets into rural economies, emphasising the role of cow dung management and biogas as viable pathways. He said cooperatives should take the lead in delivering emissions reductions through activities like waste utilisation, disease control, and decentralised energy systems. The National Dairy Development Board’s cow dung and biogas initiatives will be scaled up nationwide, he added, as part of a broader push to make India’s dairy sector sustainable.
Offshoring emissions – Inpex, Nippon Steel, and Kanto Gas have entered a consignment contract with government body the Japan Organisation for Metals and Energy Security (JOGMEC) to study engineering and design related to the potential capture of post-combustion emissions from a Nippon-owned steelworks in wider Tokyo, alongside emissions from other facilities, before piping the CO2 offshore to a saline aquifer off the east coast of the Boso Peninsula.
Pilot project – The Southern Forests region of Western Australia is launching a pilot programme for its local producers to establish emissions baselines. The Southern Forests Food Council (SFFC) said the work would support the development of GHG accounts and identify a suitable carbon calculator that can be adopted across the region. The council is seeking up to 10 producers from the region to participate by submitting an expression of interest by May 23. SFFC said the work would advance its carbon strategy, designed to reduce emissions and promote sustainability across multiple sectors.
AMERICAS
Cheaper gas – Canada’s inflation declined to a 1.7% YoY upturn in April, down from a 2.3% YoY increase in March, according to Statistics Canada. The slowdown was attributed to lower energy prices, which fell 12.7% YoY as a result of removal of the federal carbon tax on retail fuel consumption, compared to a 0.3% YoY decline in March. Gasoline costs led the decline, plummeting 18.1% YoY in April, following a 1.6% YoY decline in March. Lower crude oil prices also contributed to the decline, along with increasing supply from OPEC countries, and a dip in global oil demand faced with international trade tariff uncertainty. According to Statistics Canada, average retail gasoline prices across Canada dropped to C$1.39 per litre ($1/litre) in April from C$1.55/litre in March, while costs in Quebec City in the one province that has retained its carbon tax on fuel inched up to C$1.55/litre, nearly unchanged from March’s C$1.54/litre. Natural gas prices also contributed to cooling inflation in April, sliding 14.1% YoY, after a 6.4% gain in March.
Not axing the tax – Quebec’s Coalition Avenir Quebec government, led by Francois Legault, has rejected a Parti Quebecois (PQ) motion to cut the province’s gas tax, arguing it would undermine climate goals. Finance Minister Eric Girard called the proposed reduction “incompatible with the objectives of the fight against climate change”. The PQ’s motion, introduced Tuesday, responded to both a new Leger poll showing majority support for scrapping Quebec’s carbon pricing system and to Conservative Party of Quebec leader Eric Duhaime’s campaign proposal to eliminate the carbon levy, which adds roughly C$0.10/litre to gasoline prices.
Biomass backed – The Government of Ontario announced it is investing C$11.3 mln ($8.2 mln) in five projects through its Forest Biomass Program to support the forest sector in northeastern Ontario. The funding aims to help recipients modernise operations and explore new uses for wood byproducts. Hornepayne Power expects to increase regional energy production and explore on-site green hydrogen generation, while GreenFirst Forest Products plans to upgrade its biomass cogeneration plant and research alternative fuels. Circular Carbon Canada is studying the feasibility of biochar production at sawmills, and Wikwemikong Development Commission aims to advance a pellet and biocoal facility.
Watt a deal – California ARB will reopen applications for its E-Bike Incentive Project on May 29, offering up to 1,000 income-eligible residents vouchers of up to $2,000 toward the purchase of a new electric bike. The programme, California’s Legislature funds, aims to reduce transportation emissions and costs by promoting e-bike adoption. ARB plans to award a third round of vouchers in 2026.
Toll tussle – The US Department of Transportation may begin withholding highway funding and project approvals for Manhattan starting May 28 if New York does not comply with a federal order to end its congestion pricing programme by May 21, Smart Cities Dive reported. Transportation Secretary Sean Duffy rescinded federal approval of the programme in February and warned of “serious consequences” for noncompliance.
Renewable request – A bipartisan group of 28 US lawmakers, led by Reps. Ashley Hinson (R) and Angie Craig (D), urged President Donald Trump on Tuesday to adopt timely and robust Renewable Volume Obligations (RVOs) for 2026 and future years under the Renewable Fuel Standard. In a letter, the lawmakers called for conventional biofuel RVOs of at least 15 bln gal, a 2026 biomass-based diesel RVO of 5.3 bln gal with annual increases, and a rejection of improper use of the US EPA’s small refinery exemption authority. The PA’s proposed RVO rule is currently under White House review.
End of an era – Alberta-based Hempalta has completed the closure and decommissioning of its Calgary hemp processing facility as part of a strategic shift to focus solely on its growing carbon credit business, the company announced Tuesday. The wind-down triggered a technical default notice from Farm Credit Canada (FCC) due to the cessation of operations, though no monetary default has occurred. In response, Hempalta’s subsidiary has signed a binding agreement to sell its hemp and biochar processing equipment for USD $1.15 mln. A 50% deposit has been received, with closing subject to regulatory and shareholder approval. Proceeds from the sale will be used to resolve the FCC default and reduce corporate liabilities. Meanwhile, Hempalta reported strong progress in its carbon credit operations. Around 29,000 tonnes of CO2 removals from the 2024 crop year are undergoing final verification, expected to bring total verified credits to more than 44,000 tonnes. The company plans to provide 2025 projections in its second-quarter results due at the end of May. Hempalta in March announced that it was refocusing its business towards carbon credits, as its Q1 2025 financial results showed a significant drop in revenue.
VOLUNTARY
Cuts and delays – Climeworks Co-CEO Jan Wurzbacher told Bloomberg Wednesday that the DAC removal company will cut 106 jobs. The Swiss firm, which operates the “Mammoth” carbon removal facility in Iceland, said last week that it may delay its Louisiana plant, citing US President Donald Trump’s rollback of climate incentives. A $50-mln US grant for the project remains active, but future phases now face uncertainty.
BlueGrace Bolivia – The Bluegrace Amazon Carbon Token (BGACT) backs 1 tonne of carbon captured across 20.5 mln acres of protected Amazon rainforest and offers an institutional-grade financial instrument in line with the UK vision for trusted voluntary carbon markets, Fox59 reports. The BGACT is the world’s first ISIN-certified, blockchain-tokenized voluntary carbon credit, and aligns with standards including MiCA (EU), CFTC (US), and VARA (Dubai) compliance. BlueGrace Energy Bolivia developed BGACT, offering a blueprint for the trustworthy and compliance-backed carbon market the UK envisions. BGACT’s structure claims to deliver auditable carbon sequestration, ESG-compliant asset credentials, and compatibility with ESG-linked loans and sustainable portfolios.
More data please – ClimeFi has begun a new data partnership with Crystaltrade, which is a product powered by Crystalchain, a dMRV platform for carbon removals. The partnership will enable ClimeFi to gain access to insights into CrystalTrade’s dMRV data to help inform its project ratings and risk management models. The ratings and risk management provider intends to further grow its network of data providers in future, the release said.
Birds eye view – Climate market intelligence provider cCarbon has launched the Carbon Removals and Offsets Monitor (CROM), a new open access platform aiming to improve transparency around carbon removals. The beta version of CROM offers a thorough view of removals and offset activity for free, by aggregating and analysing data from sources like registries and public announcements. It tracks purchases and key trends across both engineered and nature-based solutions, and is designed for market stakeholders including investors and developers. It offers granular insight on buyers, suppliers, project types, and volume, the release states.
ARR boost – Legal and business services company DWF has planted half a million trees on 225 hectares in Scotland to address the firm’s residual 10% emissions. The company partnered with Climate Impact Partners to develop the ARR project in Yarrowford in the Scottish borders that will be certified and operate under the UK Woodland Carbon Code (WCC). DWY, which employs approximately 5,000 people and offices and associations located across the world, has committed to achieving net zero by 2045.
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