Connecting Projects to Carbon Markets
Inside this issue
The voluntary carbon market (VCM) allows a buyer to offset their carbon emissions through carbon credits and verified projects. The carbon credits are certified by registries where the credits can retire credits to claim the reductions or sell them to another entity through the registry. Today, a carbon credit issued by one registry cannot be moved to another.
Verra represents about 60% of the total offset credits issued, California Air Resources Board accounts for 17%, Gold Standard represents 13%, and the Climate Action Reserve and American Carbon Registry account for around 4% each.
Based on registry data, there are over 6,000 projects to offset emissions. The projects include renewable energy, forestry, industrial manufacturing, agriculture, carbon capture, and waste management. With documentation on each project, buyers can choose from a wide variety of projects across the globe.
Want to know more? Check out a previous article on soil carbon marketplaces.
Inside this Issue
❇️ Orbia Ventures Joins $25M Investment Syndicate in Funding Verdagy, a Green Hydrogen Technology Innovator
♻️ Global Clean Energy Holdings, Inc. Receives Funding from ExxonMobil to Advance Renewable Diesel Production and Camelina Expansion
🏛 DOE Establishes Bipartisan Infrastructure Law's $9.5 Billion Clean Hydrogen Initiatives
🪨 Rio Tinto Explores Carbon Capture at Minnesota Mining Site with $2.2 M DOE Funding
🤝 Three banks join initiative for voluntary carbon market platform
💵 First Texas ranchers paid $200k for delivered soil carbon credits
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