Carbon Quantified XXI Edition: Carbon Markets 2024 & Recap of 2023
Overview of the Twenty-first Edition:
Happy New Year to our valued subscribers! As we step into 2024, Calculus Carbon extends heartfelt gratitude for your continued support throughout 2023. We're excited to embark on another year of insightful research and valuable content.
In this edition, we present two compelling features to kickstart the year:
Carbon Markets 2024: The Road to Integrity and Political Transformation: Embark on a journey through the trends that will shape carbon markets in 2024. From integrity concerns to political transformations, this feature unravels the anticipated shifts in the landscape. Stay informed about the developments that will influence your strategies and decisions in the coming year.
Decoding 2023: Calculus Carbon’s Comprehensive Analysis Recap: Take a retrospective journey with us as we navigate through our most significant publications from the past year. From COP28 highlights to groundbreaking initiatives like Direct Air Capture (DAC) technology, this feature provides a comprehensive review of our exploration into various facets of carbon credits and climate action.
As always, our commitment to environmental sustainability remains steadfast. Get ready for an edition that not only reviews the past but also sets the stage for the environmental discourse in the year ahead. Thank you for being part of our community, and here's to a year filled with insights, growth, and sustainable practices.
Decoding 2023: Calculus Carbon’s Comprehensive Analysis Recap
This retrospective piece navigates through some of our most significant publications from the year. Each article encapsulates crucial developments and pioneering initiatives in the realms of carbon credits and climate action. From exploring the Plastic Markets to reflecting on the outcomes of COP28 and exploring the transformative potential of DAC, and Biofuel, our exploration has been both comprehensive and enlightening.
Carbon Markets 2024: The Road to Integrity and Political Transformation
The article delves into the crucial developments in carbon markets anticipated for 2024. It emphasizes a shift towards quality over quantity and navigates the challenges faced by the Voluntary Carbon Market (VCM). With a credibility crisis prompting overhauls by key players like Verra and South Pole, the VCM has seen a decline in nature-based credit prices. In contrast, the compliance carbon market remains resilient, with substantial government revenues and the introduction of the EU's Carbon Border Adjustment Mechanism (CBAM), creating geopolitical tensions. The article also highlights the growing focus on Scope 3 emissions in sustainability reporting, increased scrutiny, and the role of transparency and trust in ESG initiatives. Additionally, it explores the intersection of elections, geopolitics, and the sustainability agenda in Asia. The conclusion emphasizes the criticality of proactive adaptation, transparency, and a data-driven approach for businesses in 2024.
S&P Global Says EU Carbon Prices Will Continue To Fall In 2024
Based on the S&P Global forecast for 2024, carbon prices in the European Union (EU) are set to continue their downward trend.
Vietnam Wraps Up $51.5M Carbon Credits Sale To World Bank
Vietnam has successfully concluded the sale of carbon credits equivalent to 10.3 million tons of CO2 to the World Bank for $51.5 million, Vietnamese online newspaper VnExpress said, citing a report from the Ministry of Agriculture and Rural Development, submitted to the prime minister on Thursday.
David & Goliath farms Cashes In $5.53M From Carbon Credits
David & Goliath farms project in the UAE has just announced it sold 5 million euros (~$5.53 million) worth of carbon credits.
Weyerhaeuser Completes Sale Of Initial Carbon Credit Offering
Weyerhaeuser Company (NYSE: WY) announced an agreement for the sale of nearly 32,000 forest carbon credits at $29 per credit.
