After a backlash from the announcement of the DR Congo’s oil auction in the country’s most important biodiversity areas, the DR Congo government has announced it will open up the auction to crypto and carbon offset companies to buy up the auction zones and halt oil exploration.
Tech giant Microsoft has signed a deal with start-up Heirloom to purchase carbon removal credits after investing in the company earlier in 2022. This could signal a shift in emissions targets from neutral to negative strategies.
A decade of increasingly devastating wildfires in California have wiped out nearly all of the state’s 100-year guaranteed forest offset reserves, according to a new independent study by San Francisco-based non-profit CarbonPlan.
US based environmental marketplace Intercontinental Exchange is to hold carbon credit auctions for GreenTrees, the largest reforestation project by issuance in the US.