Tag: carbon credits

Carbon Credits Face Biggest Test Yet, Could Reach $238/Ton in 2050, According to BloombergNEF Report

Stuart Mitchell

Ongoing scrutiny and reputational issues made 2023 a challenging year for the voluntary carbon market. 2024 is set to be a determining year for the future of the market, tied to whether confidence in carbon credits can be restored. Doing so could drive companies to purchase billions of carbon credits annually, elevate prices over $200 per ton and build a market valued at over $1.1 trillion annually by 2050. However, failure could result in the death of the broader market, according to BloombergNEF’s (BNEF’s) Long-Term Carbon Offsets Outlook 2024 report.…

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FG Capital Advisers Announces Development of Carbon Credit Token and Platform for Congo Basin

Stuart Mitchell

FG Capital Advisers has announced that it has developed a carbon credit token and platform that will drive sustainability efforts in the Congo Basin. The initiative reflects FG Capital Advisers’ proactive stance on offsetting damage done to sub-Saharan Africa by invasive mining from corporations and individuals. This region is home to the world’s second-largest rainforest. As a vital, natural ecological sanctuary, the Congo Basin serves as a biodiverse vital carbon sink. Though the project originates in the Democratic Republic of the Congo (DRC), its reach encompasses the Republic of the…

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New research: Carbon credits are associated with businesses decarbonizing faster

Stuart Mitchell

New research published recently suggests that companies that participate in voluntary carbon markets (VCM) are leading across a range of measures of robust climate action, accountability, and ambition—across the board, outperforming companies that do not buy carbon credits. The new study by Forest Trends’ Ecosystem Marketplace indicates that not only are carbon credits purchases funding rapid climate action, but are also associated with businesses companies that are already addressing climate change in their direct operations and throughout their value chains. Findings include: Companies engaging in the voluntary carbon market are…

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