CARBON OFFSET MARKET ANALYSIS

Market News

Recent Developments

Key Development

• 3Degrees is the organization that helps organizations around the world achieve renewable energy and decarbonization goals. launched a new product called "Carbon Removal Credits" in February 2023. These credits are designed to offset the emissions of businesses and individuals by funding projects that remove carbon dioxide from the atmosphere.
• CO2 Energie AG, South Pole provider of tools to achieve a low-carbon reality and Airfix launched the largest biomass carbon removal and storage project in Switzerland in September 2023. To overcome this challenge, the company CO2 Energie AG, the project developer Airfix, and the climate company South Pole – with the contribution of carbon capture pioneers Carbon Impact – have started a ground-breaking project for CO₂ capture and geological storage. The project is set to become the largest of its kind in Switzerland to date with 21,800 tonnes of CO₂ to be removed over five years.

Key Strategic Initiatives

• BP p.l.c is an oil company with four main businesses: Exploration and Production; Gas, Power and Renewables; Refining and Marketing, and Chemicals, acquired a majority stake in Finite Carbon in December 2020. Finite Carbon is a leading developer of forest carbon offsets in the US. The acquisition will give bp access to Finite Carbon's expertise in forest carbon projects and its portfolio of projects.
• ClimateCare is a profit for purpose environmental and social impact company known for its role providing carbon offset services and Natural Capital Partners merged in May 2021. The merger created a leading provider of carbon offset solutions for businesses and individuals. The combined company has a portfolio of over 100 million tonnes of carbon offsets and a team of over 100 experts.
• Aera and Ecosphere+ extended partnership for additional carbon credits from Africa in July 2022. Aera Group SAS (“Aera”), the largest originator and trader of African carbon credits, announced the execution of a new transaction with Ecosphere+ Ltd (“Ecosphere+”), one of the largest worldwide nature-based solutions offsets providers.