Tag: Sylvera

Carbon markets returned to growth in 2024 as part of ‘gradual but significant transition’, Sylvera finds

Stuart Mitchell

Sylvera, a leading carbon data platform, has today launched its State of Carbon Credits Report 2024 analysing market data to review the state of the market, discussing underlying drivers and future implications for buyers and investors. The report found that the market returned to growth in 2024, albeit at a marginal rate of 0.2%, mirroring a plateau that has affected the industry since 2021. Total retirements in 2024 amounted to 176 million. A gradual shift to higher-quality projects The report finds that total demand remains strong, driven by growing recognition that…

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Board control of net zero set to increase as a majority of corporate leaders see the net zero transition as ‘a significant opportunity’, major survey finds

Stuart Mitchell

Business leaders across the UK and US are preparing to take greater control of net zero plans within their companies, according to a new report from carbon data platform Sylvera. As the need for climate action grows, and with it the need to meet net zero targets while managing growing reputational and regulatory risk, a majority (57%) of C-suite executives plan to increase their governance of net-zero measures. The findings are featured in a new report, Navigating net zero: Turning climate strategy into corporate strategy, published by Sylvera today. It…

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Sylvera publishes first Article 6 carbon project rating

Stuart Mitchell

Sylvera, a leading carbon data platform, today announces that it has rated a cookstove project in Ghana, credits of which are being bought by Switzerland to count towards the nation’s targets under the Paris Agreement. This is the first time an Article 6 project has been given an independent, external rating of quality. With the credits now authorised for transfer, they will become recognised as Internationally Transferred Mitigation Outcomes (ITMOs) under Article 6.2 of the Paris Agreement. While ITMOs are subject to specific integrity requirements, the climate impact of carbon…

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Sylvera partners with the Singapore government and opens regional hub

Stuart Mitchell

Sylvera, a leading carbon data provider, is working with the Singapore Government to facilitate high-quality carbon credits to be used towards its goals under the Paris Agreement. The news comes as the company opens an office in Singapore to support its growth in the market and the region’s thriving carbon trading ecosystem.  Despite being agreed since 2015, most countries signed onto the Paris Agreement are not on track to meet their goals eight years later. Purchasing carbon credits, which fund projects around the world like protecting rainforests from deforestation, is…

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