Well Done Foundation (WDF) is pioneering a market-based solution to combat climate change by offering certified carbon credits generated from plugging orphaned oil and gas wells. This innovative approach reduces methane emissions, offsets taxpayer burden, and provides businesses and individuals a way to actively participate in climate action.
ASAJA Murcia, a Spanish farmers’ association, has unveiled ‘TEN CHALLENGES,’ a groundbreaking initiative aimed at decarbonizing the livestock industry through technology-driven solutions. The program, which includes the SINGEI carbon credit system, promises to reduce greenhouse gas emissions significantly, create a new investment paradigm, and foster sustainable livestock practices.
AQGroup, Kazakhstan’s leading green electricity producer, and MVGX Group, a Singapore-based digital green fintech group, have formed a strategic partnership to develop a green energy ecosystem. The partnership aims to create a tokenized fundraising platform and carbon credit trading exchange, leveraging the expertise of both countries in renewable energy and financial technology.
A new report by Climate Impact Partners reveals that despite economic uncertainties and ESG backlash, the number of Fortune Global 500 companies committed to reaching net zero emissions by 2050 has increased to 45%, up from 39% last year. The report also highlights the growing use of carbon credits by businesses to meet their climate goals.
German authorities have stopped issuing carbon credits to companies suspected of fabricating emission reduction projects in China. Investigations revealed significant discrepancies and potential fraud in a scheme allowing German oil companies to offset their emissions through Chinese projects. The alleged scheme involved inflated climate balance sheets and may have resulted in billions of euros in avoided fines.
Invert and The Earth Lab, a leading carbon reduction and removal company and Mexican carbon project developer respectively, have announced the successful issuance of carbon credits from their Improved Forest Management (IFM) projects in the Yucatan Peninsula. The achievement marks a significant step in combating climate change, promoting sustainable development, and empowering local communities in the region.
Oka, a leading carbon insurance company, has appointed David Antonioli to its advisory board as it expands its focus on international carbon markets. Antonioli, a seasoned expert in the carbon market, will provide strategic guidance to Oka as it enhances its policy coverage to meet evolving regulatory and risk requirements.
