US hemp industry cultivating plan to generate carbon credits
A US hemp exchange and benchmark price provider has teamed up with the Washington DC-based National Industrial Hemp Council of America (NIHC) to develop carbon sequestration opportunities in the country’s industrial hemp market.
Read MoreFinnish firm launches blockchain-based forest VER registry with AI tech
A Finnish sustainable finance company on Thursday announced a partnership with an Israeli climate technology startup to create a new voluntary offset registry for forest-based projects.
Read MoreUK launches £7.8-mln fund to accelerate tree planting
The UK government has launched a £7.8 million fund to support local authorities in England with the new staff and expertise needed to kickstart woodland creation and tree planting.
Read MoreSaudi Aramco to tap new renewables, blue ammonia, offsets in bid for net zero by 2050
Saudi Aramco will invest in new renewables projects and blue ammonia production in an effort to slash its GHG output and achieve net zero emissions by 2050.
Read MoreShipping operator MOL completes “carbon offset voyage” from Japan to Europe
Japanese shipping company Mitsui OSK Lines (MOL) has completed a “carbon offset voyage” for the transportation of cars from Japan to the UK, the company said in a statement on Wednesday.
Read MoreRace to Zero campaign tightens rules to help prevent greenwashing
The UN-backed Race to Zero campaign updated its criteria on Wednesday to ensure credible net zero targets from corporates and financial organisations, aiming to overcome greenwashing concerns while specifying requirements for carbon credit use and other elements.
Read MoreOil major invests in forestry firm to generate carbon credits in Gabon
A European oil major and has purchased a 49% stake in a forestry management firm in Gabon to develop a sustainable forest management model that aims to generate carbon credits from reduced deforestation, conservation, and afforestation.
Read MoreUN climate talks outline steps needed to advance global carbon markets
UN climate negotiations in Bonn have outlined several technical issues that need to be addressed to advance government-level emissions trade, including infrastructure to track trade, accounting practicalities, and other issues that also have implications for the voluntary carbon market (VCM).
Read MoreNew hybrid carbon contract to launch Friday, expected to trade at $7-8
A standardised contract touted as providing a single global price for voluntary carbon market (VCM) credits will launch on two exchanges later this week and should initially trade at $7-8/tonne, a webinar heard on Tuesday.
Read MoreNew ombudsman touted to give corporates money back from dodgy VCM credits
Corporates unwittingly buying bogus or dodgy offsets in the voluntary carbon market (VCM) may be able to get their money back in the future, just like buying a toaster or television that does not work, a board member of the Integrity Council for the Voluntary Carbon Market (IC-VCM) said Tuesday.
Read More