Carbon Credits

A new report highlights mounting costs for airlines under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), with carbon credit prices expected to rise significantly. This could lead to higher ticket prices or reduced airline profits as they navigate compliance with global climate goals. The supply of eligible carbon credits remains constrained due to regulatory and authorization challenges, intensifying pressure on the market. While credits offer a temporary solution, the industry faces growing calls to invest in sustainable aviation fuels and fleet upgrades to achieve long-term decarbonization. https://lnkd.in/g3dFqSjd #Aviation #CarbonCredits #Sustainability #ClimateAction #Airlines

KlimaDAO JAPAN Co., Ltd. has launched a blockchain-based platform to enhance transparency, efficiency, and trust in carbon credit trading. Backed by partners like Mizuho Financial Group, the initiative simplifies transactions and plans to open public access by 2025. By integrating blockchain, KlimaDAO addresses market challenges with real-time verification, programmable credits, and streamlined processes, paving the way for innovative, efficient climate solutions. https://lnkd.in/gQ2NzfSi #Blockchain #CarbonCredits #ClimateAction #KlimaDAO #Sustainability

Nickel, a key industrial metal for stainless steel and battery production, is facing heightened volatility in the wake of Donald Trump’s election victory. After a brief rally, prices plunged to a four-year low, driven by concerns over Trump’s economic policies, a strong U.S. dollar, and lackluster fiscal stimulus in China. The London Metal Exchange (LME) saw nickel inventories rise and short positions surge as investor sentiment soured. However, Indonesia’s tighter mining policies, aimed at stabilizing domestic reserves, provided a late-month rebound, underlining the geopolitical and economic complexities shaping the nickel market. Stay tuned as global trade tensions and evolving supply strategies continue to influence this critical commodity. Read more about what’s driving nickel’s turbulence and the factors shaping its future https://lnkd.in/d3KaBf3j #NickelMarket #TrumpEffect #MiningNews #Commodities #GlobalTrade #MetalsMarket

Renewable Natural Gas (RNG) is gaining momentum as a key decarbonization tool, supported by policies like California's Renewable Gas Standard and adoption in heavy-duty fleets. Alongside RNG, LNG exports and renewable adoption are reshaping North America's natural gas market. However, challenges like cold-weather disruptions, supply-demand imbalances, and limited storage capacity highlight the need for strategic investment to stabilize the sector. https://lnkd.in/g4rFvxxq #RenewableNaturalGas #RNG #NaturalGas #LNG #EnergyTransition

Melbourne-based startup ElectraLith, backed by Rio Tinto, is making waves in the lithium industry with its innovative Direct Lithium Extraction (DLE) technology. As global demand for lithium surges—driven by an estimated 85 million EVs on the road by 2025—the company’s method offers a sustainable alternative, eliminating water and chemical use while drastically cutting costs. As lithium prices remain volatile, ElectraLith’s scalable solution ensures sustainable, efficient lithium production critical for EV growth. By advancing global energy transitions, it sets a new benchmark for green innovation in battery materials. https://lnkd.in/gdbsvqHs #Lithium #EVs #CleanTech #Sustainability #Innovation #EnergyTransition

The European Commission's 2024 NGEU Green Bonds report showcases impressive progress, with funded projects set to avoid 55 million tons of CO₂ emissions annually. Investments span clean transport, energy efficiency, and biodiversity, aligning with Europe's net-zero goals by 2050. With €12 billion issued to date, the EU remains the largest global green bond issuer, emphasizing transparency and adherence to global standards. These bonds are pivotal in financing Europe’s green transition and fostering innovation in sustainable finance. https://lnkd.in/gKqVGKTk #SustainableFinance #GreenBonds #NetZero #ClimateAction #Europe #CleanEnergy

BHP plans to invest up to $14.7 billion over the next decade to expand its Escondida mine and other Chilean operations. Key projects include a new concentrator, leaching facilities, and expanded production at Pampa Norte to stabilize output at 1.4 Mtpa by 2032. This investment aims to counter declining ore grades and meet surging global copper demand, projected to double by 2050 due to the energy transition and EV growth. BHP expects a 10 Mt copper supply gap by 2035, making these projects critical. With a focus on advanced technologies and stakeholder collaboration, BHP reinforces Escondida’s role as a cornerstone of the global copper supply and Chile’s economic growth. https://lnkd.in/ddYuRAEK #Copper #MiningInnovation #BHP #Sustainability #EnergyTransition #Chile

HSBC, Europe’s largest bank, has abandoned its plan to establish a carbon credit trading desk, citing growing concerns over the voluntary carbon market's (VCM) integrity. This move follows a broader trend as corporations, including Shell and Bank of America, rethink their roles in a market marred by oversupply and declining demand. Despite the setback, HSBC continues to prioritize climate initiatives, focusing on cleantech investments and partnerships, such as its $1 billion climate tech pledge and collaborations with entities like Google Cloud. The bank is also pivoting toward regulatory-compliant carbon markets under Article 6.4 frameworks. This decision signals a shift in corporate strategies, emphasizing direct emission reductions over offsets as the VCM grapples with trust issues and market contraction. https://lnkd.in/g2HWKBRi #HSBC #CarbonCredits #ClimateFinance #NetZero #Sustainability #VoluntaryCarbonMarket

Singapore’s Ministry of Trade and Industry announced the conclusion of substantive negotiations with Peru on a bilateral carbon trading agreement under Article 6 of the Paris Agreement during COP29 in Azerbaijan. The deal enables Singapore to purchase high-quality carbon credits from Peru, fostering international cooperation in mitigating emissions. This marks a significant milestone in Singapore’s efforts to offset its emissions, with companies able to use Peruvian credits to meet up to 5% of their carbon tax obligations. The agreement focuses on robust accounting, independent verification, and transparency to ensure compliance and avoid double counting. For Peru, the partnership channels investments into sustainable development projects like reforestation, creating green jobs while achieving climate goals. As Singapore expands its Article 6 agreements with over 20 countries, the move highlights its growing leadership in global carbon markets. https://lnkd.in/g2mCVEV5 #COP29 #CarbonCredits #Sustainability #ClimateAction #Singapore #Peru #Article6

At the G20 Summit, President Prabowo Subianto announced Indonesia’s bold plan to retire all coal-fired power plants within 15 years, advancing its net-zero target to 2050. This ambitious transition will replace fossil fuels with 75 GW of renewable energy, leveraging the country’s vast geothermal reserves and expanding solar and wind capacity. While Indonesia faces challenges like infrastructure gaps, reliance on coal exports, and securing $235 billion in funding, partnerships like the $20B Just Energy Transition Partnership and recent agreements with China bolster its efforts. If successful, Indonesia could set a precedent for coal-dependent economies to embrace a green energy transition. https://lnkd.in/gk5PyfbY #NetZero #RenewableEnergy #ClimateAction #EnergyTransition #Indonesia