Shell leads the $1.4-bn carbon credits market

Shell led the global voluntary carbon market with the most carbon credits retired in 2024. Shell, other multinational energy firms, technology, and fashion giants have been increasingly leaning on carbon credits as one way to reduce their greenhouse gas emissions and meet their net-zero corporate goals. Companies use the so-called carbon credits to remove, reduce, or save

Kenya bets on carbon credits as it hosts African climate summit

Cash-strapped African nations want a much bigger share of a $2-billion market that is forecast to grow five-fold by 2030. Africa only produces 11 percent of the world’s offsets yet boasts the planet’s second-largest rainforest and tracts of carbon-absorbing ecosystems like mangroves and peatlands. Kenyan President William Ruto, who is hosting a climate summit in

Greenheart partners with Njord, Marsoft for green tech retrofits

Greenheart Management, a subsidiary of Hayfin Capital Management, has teamed up with green tech business Njord and maritime consulting firm Marsoft to gain access to carbon credit revenues for reducing emissions. The partnership will see Njord, a venture between Cargill, Mitsui and Maersk Tankers, design a package of fuel-saving technologies for initially four Greenheart-owned vessels

CleanTech startup to incentivize agriculture through carbon credits

Varaha, a cleantech startup, is in combat mode to reverse climate change. It reckons that globally, over 500 million smallholder farmers are affected by climate change. Currently, there is no financial incentive for smallholder farmers to adopt agricultural practices that reduce greenhouse gas (GHG) emissions and improve carbon sequestration. Varaha is incentivising smallholder farmers to

MSC warns of higher shipping costs in Europe

Mediterranean Shipping Company (MSC) has warned clients of higher costs with the inclusion of shipping in the EU’s carbon trading market. The EU emissions trading system (ETS), part of the “Fit for 55 package” to reduce greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels, requires companies to surrender allowances that

Carbon credits in agriculture will help India achieve netzero goals

The world’s population is expected to reach almost 10 billion by 2050. As our numbers swell, so too does the pressure on the agriculture industry and its farmers. A great responsibility for feeding the world falls on India, which is the second-largest producer of staple foods like rice, wheat, groundnuts, fruits and vegetables globally. Contributing

GREET model adoption for biofuels in the US

The American Coalition for Ethanol submitted feedback to the Environmental Protection Agency’s request for comment on the current scientific understanding of greenhouse gas modeling of land-based crop biofuels. ACE CEO Brian Jennings and ACE Board Director Ron Alverson contributed to the feedback after attending EPA’s workshop on biofuel GHG modeling. The comments cover subject areas

Carbon offset credits set to soar on net zero ambitions

The price of carbon offsets – widely used by those seeking to counterbalance their pollution – is expected to rise by as much as 4800 per cent by 2050, as major emitters scramble to meet net zero targets. Carbon offsets were in 2020 being sold for about $US2.50 a tonne but with many countries pledging