Nigeria has finalized its long-awaited Carbon Market Activation Policy, positioning itself to unlock as much as $2.5 billion in high-integrity carbon credit investments by 2030, President Bola Ahmed Tinubu announced on Wednesday April 23.

Sentiment in the voluntary carbon market remained cautious in the week to Wednesday April 9, with limited trading and rising regulatory uncertainty. Improved Forest Management (IFM) credits drew limited interest as market participants weighed macroeconomic headwinds and shifting US policy signals.

The latest updates (Mar25) in the global carbon markets highlight significant strides in nature-based and innovative carbon removal projects. From Koko securing MIGA insurance in a potential boon to future CORSIA supply, Arup's £1 million investment in UK rewilding efforts to Airbus testing sustainable aviation fuel demand.

The US green steel market faced minimal activity in the assessment period to Wednesday April 16, with sources reporting an unwillingness among buyers to pay a premium for low carbon steel.

The rush toward steel sector decarbonization was gaining momentum across the world with attempts being made to reduce the effects of emissions on the global ecology, with Europe in the forefront, Fastmarkets heard on Wednesday, April 9.

The Mexican steel industry is making investments in sustainability through the adoption of renewable energy, advanced technologies and circular economy models. These initiatives aim to reduce dependence on imports while enhancing local supply chains, positioning Mexico as a leader in green steel production for key sectors such as automotive and construction.

The Science Based Targets initiative (SBTi) has proposed a significant expansion of carbon removals in corporate net-zero strategies, marking a potential shift in how companies use voluntary carbon markets.

The US forestry sector is undergoing a transformation as timberland managers increasingly diversify beyond traditional operations to embrace forest carbon projects, conservation, renewable energy, and carbon capture initiatives.

Significant challenges lie ahead for Europe and its plans to decarbonize transport, industry experts have told Fastmarkets following the European Commission’s recent decision to relax emissions standards for domestic automakers.

Small volumes of around 3,000 tonnes of CO2 equivalent (tCO2e) of Panama ARR (VCS 2481) vintage 2017 were reported on offer at $32 per tCO2e. The volumes on offer represented more than half the circulating credits from that project-vintage pair. The supply of credits from the project is constrained. It has issued up to vintage […]