- TEU good - Global logistics company DP World launched a carbon inset trial in Belgium, Portugal, and Sweden on Wednesday, offering qualifying ocean freight forwarding customers credits of 100 kg of CO2e per twenty-foot equivalent unit (TEU) shipped per quarter at no additional cost. The Insetify programme, which takes effect Apr. 1, requires a minimum threshold of 25 TEUs per quarter and generates credits by deploying lower-carbon fuel within DP World's own supply chain rather than funding external offset projects. The trial expands on a UK programme launched in Jan. 2025 that registered more than 250,000 TEUs and issued more than 9,000 tCO2e of carbon inset credits. Unlike carbon offsets, insets reduce emissions within the customer's own value chain, targeting Scope 3 emissions from ocean freight.
- Retired, reduced - Volkswagen retired over 680,000 tCO2e worth of carbon credits in 2025, an 89% drop from 6 MtCO2e worth cancelled in 2024, according to its annual sustainability report. All credits cancelled were from emissions reduction projects - and none from removal projects - with 56% issued under Verra and 44% under Gold Standard. The group's Scope 1 emissions fell to 2.7 MtCO2e in 2025 from 3.3 MtCO2e in 2024, while market-based Scope 2 emissions declined to 900,000 from 1.1 MtCO2e. Scope 3 emissions rose to under 883.7 MtCO2e from 824 MtCO2e. Volkswagen said carbon credits are reserved for hard-to-abate emissions only and are expected to represent less than 10% of total emissions once all its efficiency and electrification measures are in place.
- Sun 23:12Tool fix, grid mix - Verra is seeking funders, technical contributors, and independent expert reviewers to help revise VT0011, its tool for estimating grid electricity emission factors used across Verified Carbon Standard (VCS) methodologies. The proposed revision would consolidate the tool into a standalone document, removing its current reliance on the Clean Development Mechanism's TOOL07, and would merge it with the related VT0010 tool to reduce cross-referencing. Verra also plans to introduce simplified calculation procedures, improved quantification approaches, and potentially an hourly marginal emission factor. The revision is currently at the methodology idea note stage.
- Sun 23:10Capturing outback - Dutch direct air capture (DAC) company Skytree entered the Australian market, as its CEO, Rob van Straten, participated in a two-week trade mission and delivering a keynote at the Energy Exchange Australia conference in Perth. The company said Australia's abundant solar and wind resources create conditions for low-cost DAC operations, with target markets including synthetic aviation fuel production, greenhouse horticulture, beverage carbonation, and geological carbon storage. Skytree appointed a Sydney-based project development manager for the Asia-Pacific region as part of the expansion. The company said its modular technology aligns with Australia's Safeguard Mechanism and its emissions reduction target of 62-70% below 2005 levels by 2035.
- Sun 23:07Bank's carbon homework - Deutsche Bank purchased and retired just under 101,600 tonnes of CO2e in voluntary carbon credits in 2025, sourced from projects across Asia, Africa, and Latin America, according to its annual report. Some 83% of the credits came from emissions reduction projects, with the remaining 17% from removal projects including biochar and nature-based solutions. By standard, 75% were issued under Verra, 12% under Gold Standard, 8% under Global C-Sink Registry, and 5% under Puro.earth. The German lender said credits are used only to offset residual Scope 1, Scope 2, and business travel emissions that cannot be eliminated through efficiency or renewable energy measures. Separately, Deutsche Bank signed a letter of intent at COP30 with Honduras and Suriname to develop sovereign rainforest carbon credits under Article 6.2 of the Paris Agreement.
- Sun 03:31A Dutch voluntary carbon market standard has revised its methodology for carbon removal through enhanced mineral weathering, adding the mineral wollastonite and updating accounting rules for projects seeking carbon certificates.
- Sat 11:40Enhanced weathering (EW) could remove hundreds of millions of tonnes of CO2 each year, though major uncertainties remain around how much carbon ultimately reaches long-term storage, according to a new study.
- Sat 05:25
Green Gables - The city of Coral Gables, Florida has launched a climate technology initiative with Carbon Standard to convert municipal organic waste into biochar and generate carbon removal credits. The project processes yard trimmings and landscaping debris using modular pyrolysis units, turning biomass waste into stable biochar that can store carbon for centuries. The resulting material is used in city landscaping and soil restoration, improving soil water retention and nutrient capacity. By certifying the carbon removals through Carbon Standard’s accounting framework, the city aims to produce high-integrity carbon credits that can be sold to companies seeking to offset emissions. This creates a potential revenue stream to help fund the programme while addressing the challenge of managing urban organic waste that would otherwise be mulched or sent to landfill, where it could release methane. Officials say the initiative has already diverted thousands of tonnes of organic waste from landfills and could serve as a model for other municipalities seeking to link waste management, soil health, and carbon removal. (Biochar Today)
- Debt reduction - Offset project developer DevvStream Corp. on Friday announced a set of transactions with strategic partners aimed at strengthening its balance sheet by reducing debt and securing additional funding. Focus Impact Partners and its affiliates converted all of their 5.3% convertible notes due in Nov. 2026, along with certain consulting fees, into DevvStream equity. The conversion totals about $5.5 mln and was executed at a 12.9% premium to the company’s Mar. 10, 2026 closing share price. Helena Partners released about $1.2 mln from DevvStream’s cash collateral account tied to a $10 mln convertible note issued in July 2025, enabling the company to prepay roughly $1.1 mln of debt. Helena also agreed to waive monthly interest payments on the note through May 2026. Helena additionally provided a $700,000 loan at 0% interest, due in Mar. 2027, to support DevvStream’s working capital needs. Overall, the transactions reduce DevvStream’s outstanding debt by approximately $5.9 mln and are intended to improve the company’s capital structure while providing short-term liquidity support.
- Fri 22:02Increasing investment in forest-based climate solutions could significantly boost carbon sequestration in the US by 2035, according to new preprint research.
- Fri 21:40First in Salta - Argentina’s carbon market continues to develop slowly and largely at the provincial level, with the northern province of Salta reporting the first carbon credit sales from a local REDD+ project, the government announced this week. Authorities said the privately led Selva de Urundel REDD+ initiative, registered under Verra, sold some 300,000 credits after completing its first monitoring period. The project, located in the Oran department, marks the first private initiative in Salta to receive issuance and commercialise credits under international standards.
- Fri 20:23Scientists have identified a widespread shift in the structure of Amazon rainforest canopies towards younger, more photosynthetically efficient leaves over the past two decades, a trend that could have implications for the performance and modelling of forest carbon offset projects.
- Fri 17:29Transparency pledge - Ratings agency BeZero has reaffirmed its commitment to transparent disclosure practices with a statement confirming its application of the ESG Ratings Code of Conduct from the International Capital Market Association (ICMA) and the International Regulatory Strategy Group (IRSG). The action highlights its position as an advocate for robust disclosure and increased transparency to ensure development of high-functioning carbon markets, it said.
- Fri 16:49EU lawmakers should design the bloc’s 2040 climate framework to deliver the targeted 90% GHG emissions cut fully at home, using international carbon credits only as a tightly controlled back‑up, and keeping land sinks and permanent removals in separate, capped pillars, says a Brussels-based NGO.
- The government of Indonesia will pilot a new global framework for standardising carbon credit data as part of efforts to strengthen transparency and interoperability in carbon markets, according to an announcement Friday.
- Fri 15:41Global toy manufacturer Lego Group holds a balance of 42,000 carbon credits after retiring 25,000 units in 2025 as part of a strategy to reduce emissions across its value chain, it said in its latest annual report, published this week.
- Fri 14:53A new procurement service and online marketplace has launched aimed at helping airlines source carbon credits eligible under the UN aviation offsetting scheme CORSIA, the partners behind the project announced Friday.
- Fri 14:18A UK-based multinational pharmaceutical company’s carbon credit portfolio reached £10 million in 2025 following additional investments in forward delivery contracts, according to its latest climate disclosure published last week.
- Fri 11:23A global bank based in Switzerland plans to begin retiring credits from engineered carbon removal (CDR) from 2026 to match its Scope 1 emissions by 2030, according to its latest sustainability report.
- Gold Standard has published a new methodology for crediting the early closure of coal-fired power plants, requiring that projects show the historical output is replaced with renewable energy.
- Because carbon's worth it - Cosmetics producer L'Oreal has partnered with clean chemicals company Dioxycle to transform captured carbon emissions into a form of ethylene for use as a building block in polyethylene for packaging. Dioxycle claims the solution is energy and cost efficient, and also cuts emissions. L'Oreal hasn't yet said which products will be packaged using the new material or how much can be used. (edie.net)
- Fri 10:32A Perth-based energy company has agreed to acquire up to 6.6 million carbon credits from forestry and mangrove restoration projects in Mexico and Indonesia, a US law firm that advised on the transaction announced on Thursday.
- A Canada-based carbon finance firm has agreed to sell its rights to the community carbon stream and associated carbon credits for a total of $6 million, the company announced Thursday.
- Fri 06:19Methane market – Kenya is exploring carbon market opportunities in its livestock sector through biotechnology innovations aimed at reducing methane emissions from cattle. During a meeting, the company Fermfeed Bio and the Office of Kenya's Special Envoy for Climate Change discussed scaling new feed-based technologies that improve livestock productivity while cutting methane emissions by an estimated 50-65%. The technology is already being deployed with dairy cooperatives in Nyandarua and Murang’a counties, where farmers have reported higher milk yields. The initiative is being implemented in collaboration with many local government and private institutions. Stakeholders are also examining how the emissions reductions could be monetised through carbon market mechanisms in line with Kenya’s carbon market regulations.
- Fri 01:25New data tool - Carbon market intelligence platform Clever Offsets announced Thursday the launch of its Enterprise Module, which it said provides market participants with structured data and analytical tools to assess delivery risk across categories and portfolios at scale. The new offering is meant to empower market participants to apply their own underwriting frameworks, diversify exposure, and engage with greater confidence, aiming to meet institutional risk appetites and support broader financial participation.Â
CP Daily News Ticker: 13-15 March 2026
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