Ryan Verra

Targray Launches Environmental Commodities Trading Desk

Retrieved on: 
Monday, November 28, 2022

MONTREAL, Nov. 28, 2022 /PRNewswire-PRWeb/ -- Targray, a leading global provider of sustainable commodities and supply chain solutions, has announced the launch of its international Environmental Commodities trading desk. Operating jointly out of the company's North American and European business centers, the new desk will be headed by an experienced team of carbon traders and sustainability leaders.

Key Points: 
  • MONTREAL, Nov.28, 2022 /PRNewswire-PRWeb/ -- Targray, a leading global provider of sustainable commodities and supply chain solutions, has announced the launch of its international Environmental Commodities trading desk.
  • Targray 's Environmental Commodities business engages in the trading and supply of carbon credits, carbon offsets and renewable energy certificates (RECs) for compliance and voluntary carbon markets around the world.
  • Targray is an international leader in the sourcing, transportation, storage, financing and supply of sustainable commodities & advanced materials for a broad range of sectors.
  • Targray was founded in Montreal, Canada and has been headquartered in the nearby city of Kirkland since 2008.

World Kinect Energy Services to host a live panel discussion at COP27

Retrieved on: 
Thursday, November 10, 2022

MIAMI, Nov. 10, 2022 /PRNewswire/ -- World Kinect Energy Services (World Kinect) will be participating in a live panel discussion on Friday, November 11 at 5:30PM EET as part of the events taking place in and around the United Nations' Climate Change Conference of the Parties (COP27) in Egypt.   

Key Points: 
  • World Kinect Energy Services (World Kinect) will be onsite at COP27 in Sharm El Sheik, Egypt as part of a panel on the future of carbon offsets
    World Kinect will be joined by international accreditation NGO, Verra, and sustainable innovation developer, Okeanosto discuss innovative efforts to improve and restructure the mechanism of voluntary carbon credits
    MIAMI, Nov. 10, 2022 /PRNewswire/ --World Kinect Energy Services (World Kinect) will be participating in a live panel discussion on Friday, November 11 at 5:30PM EET as part of the events taking place in and around the United Nations' Climate Change Conference of the Parties (COP27) in Egypt.
  • World Fuel Services' Chief Commercial Officer, Wade DeClaris, will facilitate a discussion that highlights how collaboration can support innovation in the carbon offset space.
  • "The collaboration between Okeanos and World Kinect on a new category of carbon offsets is the perfect example of how forward-thinking the offset market is.
  • World Kinect Energy Services is trusted by customers around the world to deliver reliable conventional and renewable fuels, lubricants, electricity, natural gas, and sustainability solutions.

Xpansiv Market CBL Launches Sustainable Development Global Emissions Offset Contract

Retrieved on: 
Tuesday, November 1, 2022

Xpansiv , the premier market-infrastructure platform for environmental commodities, today announced the launch of a new benchmark carbon-offset contract, Sustainable Development Global Emissions Offset (SD-GEO).

Key Points: 
  • Xpansiv , the premier market-infrastructure platform for environmental commodities, today announced the launch of a new benchmark carbon-offset contract, Sustainable Development Global Emissions Offset (SD-GEO).
  • The standardized contract, tradable on Xpansiv market CBL , provides a benchmark for market participants and corporates to transact high-quality carbon offsets from projects that also deliver high social impact.
  • Eligible projects are carefully vetted under the CBL Standard Instruments Program that contains the Global Emissions Offset (GEO), the first in this series developed by Xpansiv, as well as the Nature-Based Global Emissions Offset (N-GEO), widely seen as the frontrunner to become the VCMs biggest price benchmark, according to Quantum Commodity Intelligence.
  • Corporates often look for offset projects that mitigate emissions while also having co-benefits for local communitiesprojects like clean cookstoves, said Russell Karas, Xpansiv Head of Carbon Market Development.

New Approach to Forest Carbon Accounting Aims to Enhance Accuracy & Transparency

Retrieved on: 
Thursday, October 27, 2022

WASHINGTON, Oct. 27, 2022 /PRNewswire-PRWeb/ -- A first-of-its-kind carbon accounting methodology for Improved Forest Management (IMF), designed to provide more measurable proof of climate impact and to solve access challenges for small forest landowners, has officially been approved for use in the United States and around the world.

Key Points: 
  • "The approval of the Family Forest Carbon Program's pioneering methodology unlocks the potential for landowners to meet the need for more transparent, credible and trustworthy carbon programs."
  • The Family Forest Carbon Program (FFCP) is uniquely designed to help owners of forests as small as 30 acres participate in carbon projects.
  • Traditionally, forest carbon projects have been created on properties of 5,000 acres or more, meaning owners of small forest properties have been kept out of 99% of forest carbon projects.
  • In 2021, international leaders called for greater transparency and accuracy in carbon accounting to ensure the integrity of voluntary carbon markets.

New Report: Carbon Project Developers Could Lose $2.6B Due to Verification Bottlenecks By 2030

Retrieved on: 
Tuesday, October 18, 2022

Today, climate tech start-up Thallo released a report that aggregates carbon project developer input and highlights challenges to scaling the voluntary carbon market.

Key Points: 
  • Today, climate tech start-up Thallo released a report that aggregates carbon project developer input and highlights challenges to scaling the voluntary carbon market.
  • The report identifies key bottlenecks including verification delays, limited access to early-stage financing, and inefficiencies in the value chain caused by intermediaries.
  • Registries and validation & verification bodies (VVBs) are key bottlenecks: verification-related delays could cost project developers up to $2.6 billion and mean 4.8 gigatonnes in undeployed credits by 2030.
  • This means $650 million of carbon market value went to investors and brokers - not project developers - in 2021.

Carbon Streaming Announces Sustainable Rice Farming Stream With Core Carbonx

Retrieved on: 
Friday, September 30, 2022

Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (Carbon Streaming or the Company) is pleased to announce that it has entered into a carbon credit streaming agreement (Nalgonda Rice Farming Stream or the Carbon Stream) with Core CarbonX Solutions Pvt Ltd. and its services provider, Core CarbonX Solutions Private Limited (collectively, Core CarbonX), to develop its Nalgonda Rice Farming methane avoidance grouped project located in the Nalgonda District, Telangana State, India (the Project).

Key Points: 
  • Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (Carbon Streaming or the Company) is pleased to announce that it has entered into a carbon credit streaming agreement (Nalgonda Rice Farming Stream or the Carbon Stream) with Core CarbonX Solutions Pvt Ltd. and its services provider, Core CarbonX Solutions Private Limited (collectively, Core CarbonX), to develop its Nalgonda Rice Farming methane avoidance grouped project located in the Nalgonda District, Telangana State, India (the Project).
  • Core CarbonX is expected to make its first delivery under the Carbon Stream in the second half of calendar year 2023.
  • Carbon Streaming Founder and CEO Justin Cochrane stated: We are delighted to announce our first carbon stream on an agricultural project and partnership with Core CarbonX.
  • Carbon Streaming will also make ongoing delivery payments to Core CarbonX on the sale price for each VCU sold under the Carbon Stream, which is within the range indicated for the Companys other carbon credit streaming agreements.

Pioneering the First Mass Timber Carbon Removal Methodology

Retrieved on: 
Thursday, September 29, 2022

SEATTLE and ZURICH, Sept. 29, 2022 /PRNewswire/ -- The Timber Finance Initiative, Green Canopy NODE, South Pole and Gordian Knot Strategies are pleased to announce they have joined efforts in creating the first mass timber carbon credit methodology. They are developing a globally applicable carbon credit methodology for mass timber construction in Verra's Verified Carbon Standard (VCS) GHG crediting Program. Verra will serve as the independent standard-setter for the methodology.

Key Points: 
  • They are developing a globally applicable carbon credit methodology for mass timber construction in Verra's Verified Carbon Standard (VCS) GHG crediting Program.
  • A rigorous carbon methodology will help realize the climate value of stored carbon in mass timber construction and help scale mass timber as a negative emissions technology and low-emissions building material.
  • The successful introduction of a mass timber carbon methodology is key to help finance the shift to carbon storing, green buildings."
  • A rigorous carbon methodology will help realize the value of stored carbon in mass timber construction and further clear a pathway to scale mass timber as a climate-smart building material.

Carbon Streaming Announces Year-End Financial Results

Retrieved on: 
Monday, September 26, 2022

During the due diligence process, Carbon Streaming will assess the risks of the project in context of its status.

Key Points: 
  • During the due diligence process, Carbon Streaming will assess the risks of the project in context of its status.
  • The Company has entered into a royaltyagreement and an exclusive term sheet with Future Carbon to contribute to the development and maintenance of these projects and grow Future Carbon in the global carbon markets.
  • Carbon Streaming plans to partner and support new and existing carbon projects as the Company continues to build its high-integrity portfolio of carbon credit streams and projects.
  • This news release contains the financial term adjusted net loss, which is not considered in the International Financial Reporting Standards (IFRS).

INVERT INC. CLOSES $25 MILLION FINANCING AND PROVIDES CORPORATE UPDATE

Retrieved on: 
Thursday, September 15, 2022

OTTAWA, ON, Sept. 15, 2022 /CNW/ - Invert Inc. ("Invert" or "the Company"), a specialized carbon finance company and the future of personalized carbon offsetting, is pleased to provide a corporate update on ongoing projects and developments.

Key Points: 
  • OTTAWA, ON, Sept. 15, 2022 /CNW/ - Invert Inc. ("Invert" or "the Company"), a specialized carbon finance company and the future of personalized carbon offsetting, is pleased to provide a corporate update on ongoing projects and developments.
  • Invert closed a $25 million CAD financing in August, welcoming new institutional and HNW investors alongside continued support from lead strategic investor Altius Minerals (TSX: ALS).
  • The equity financing provides the Company with significant capital to expand its carbon credit streaming portfolio as well as continued development of the recently launched Invert App.
  • Invert invests in carbon credit projects that produce high-quality, meaningful carbon reduction and removal credits that will help save our world.

Carbon Streaming Announces Term Sheet and Royalty Agreement With Future Carbon Group

Retrieved on: 
Monday, September 12, 2022

Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (Carbon Streaming or the Company) is pleased to announce that it has entered into an exclusive term sheet (the Term Sheet) with Future Carbon Group (FCG or Future Carbon) covering four REDD+ projects in Brazil (FCG Amazon Portfolio or Projects).

Key Points: 
  • Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (Carbon Streaming or the Company) is pleased to announce that it has entered into an exclusive term sheet (the Term Sheet) with Future Carbon Group (FCG or Future Carbon) covering four REDD+ projects in Brazil (FCG Amazon Portfolio or Projects).
  • In connection with the Term Sheet, the Company has advanced Future Carbon US$3 million and entered into a royalty agreement (the FCG Amazon Portfolio Royalty) covering Future Carbons interest in the Projects.
  • The Company made a payment of US$3.0 million on signing the Term Sheet in exchange for a 5% royalty on carbon credit revenues generated by Future Carbon from the Projects.
  • As part of the long-term partnership with Future Carbon, Carbon Streaming expects the FCG Amazon Portfolio Royalty to be foundational for a stream agreement on the Projects in the near future.