CARBON VERIFICATION MARKET ANALYSIS

Market News

Recent Developments

New product launches

• In March 2023, Verra, a leading carbon credit certification organization, launched a new standard for carbon removal projects. The new standard, called Verra's Carbon Removal Standard, is designed to ensure that carbon removal projects are high-quality and meet rigorous environmental and social safeguards.
• In April 2023, South Pole, another leading carbon credit certification organization, launched a new product called South Pole Carbon Intelligence. South Pole Carbon Intelligence is a software platform that helps companies track their carbon emissions and offset their emissions with high-quality carbon credits.
• In May 2023, the Climate Bonds Initiative, a non-profit organization that promotes the use of green bonds to finance climate change mitigation and adaptation, launched a new certification program for carbon removal projects. The new certification program, called Climate Bonds Initiative Carbon Removal Certification, is designed to help investors identify high-quality carbon removal projects.

Key Strategic Initiatives

Acquisition and partnerships

• In December 2023, The SDG Group has officially unveiled its Carbon Footprint Platform, partnering with collaborators to advance the collective goal of achieving carbon neutrality.
• In February 2021, ClimatePartner and Horizon Ltd. have established a strategic alliance in Turkey, leveraging Horizon's robust customer engagement with ClimatePartner’s 15-year expertise in carbon strategy and achieving climate neutrality.