Weekly News Highlights

Stay up-to-date on the latest news and announcements from the carbon offsetting industry and environmental initiatives. Learn about new projects, partnerships, and regulations that are shaping the future of carbon offsetting, nature restoraiton, and sustainable growth.

Here are this week's news highlights:

The voluntary carbon market (VCM) experienced an unprecedented surge in 2024, with $16.3 billion invested across the sector, according to Abatable’s latest report. This marked an 18-fold increase in the total value of carbon credit retirements, signalling a clear shift toward long-term sustainability commitments over short-term offset purchases.

The United Nations’ Green Climate Fund (GCF) has approved $686.8 million in funding for 11 new environmentally focused projects across 42 countries, marking a significant step toward supporting vulnerable communities and reducing global emissions.

TikTok is making a major move toward sustainability, committing to remove 5,100 tonnes of CO? from the atmosphere by 2030. This bold initiative reflects a growing recognition of the platform’s environmental footprint, as its global video-streaming operations generate an estimated 50 million tonnes of CO? emissions per year—comparable to the entire annual emissions of Greece.

If you're keen to dive deeper into the carbon market and explore topics related to environmental sustainability, this is your go-to source for insightful information.

Read the full articles on Green Earth News here.

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