Weekly News Highlights

This week in the carbon market, we’ve seen some significant developments that highlight the growing momentum toward sustainable investing and nature-based solutions. Vanderstyn Asset Management has launched a $25 million Green Carbon Fund, opening the door for individual investors to tap into the rising demand and prices of carbon credits, a market traditionally reserved for larger corporations.

Meanwhile, Abatable unveiled its 2024 Voluntary Carbon Market Investment Attractiveness Index during Climate Week NYC, showcasing the top five countries poised for growth in the carbon credit space. Credit Agricole, one of France’s largest banks, is pivoting towards compliance carbon markets as it phases out precious metals trading, while the US Commodity Futures Trading Commission has introduced new federal guidelines for unregulated carbon offsets to bring more stability to the market. Finally, Google has made a bold move by purchasing 50,000 metric tonnes of nature-based carbon credits.

Here are this week's highlights:

US-based Vanderstyn Asset Management has launched a $25 million Green Carbon Fund, designed to give individual investors access to the carbon credit market and the opportunity to capitalise on the rising demand and prices of carbon credits. Historically dominated by multinationals, this market has seen limited involvement from smaller investors due to high entry costs and complex regulations.

During Climate Week NYC in September, Abatable unveiled its 2024 Voluntary Carbon Market Investment Attractiveness Index. The Index ranks the top five countries for carbon credit investments based on their regulatory frameworks, market readiness, and growth potential.

Credit Agricole, France's second-largest bank with a significant global footprint, is making a strategic shift in its trading operations. The bank will gradually phase out its precious metals trading, particularly gold, to prioritise activities in compliance carbon markets.

In a significant move to stabilise the carbon credit market, the US Commodity Futures Trading Commission (CFTC) has introduced the first federal guidelines for unregulated carbon offsets. This step, backed by the Biden administration, aims to standardise the market and support nature conservation more effectively.

Google has announced a significant new partnership in its ongoing sustainability efforts, purchasing 50,000 metric tonnes of nature-based carbon credits from Brazilian startup Mombak. This move marks a notable shift in Google’s carbon removal strategy, focusing more on reforestation and nature-based solutions.

Read the full articles on Green Earth News here.

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