Welcome to our latest newsletter. If you only have a few minutes here’s the short of it:
Verra introduces a carbon credit project tracker for transparency.
UAE collaborates to create a blockchain-based national carbon credits system.
Israeli tech firms are urged to explore the $1 trillion carbon credit market.
Major traders, like Trafigura Group, find some CO2 offsets potentially worthless.
UNDP and partners launch the "National Carbon Registry" for carbon credits trading.
Zimbabwe aims to be Africa's central hub for carbon credit trading.
The voluntary carbon market's challenges and growth are highlighted.
Global carbon credits market is projected to hit USD 250 billion by 2030.
Hedge fund manager, Per Lekander, predicts a decline in carbon permit prices.
A newsletter for professionals in trading, tech, and finance. A venture dedicated to bringing immersive networking experiences to those professionals.
For more information, visit our website https://thirdspace.ventures
💻 Technology
Verra Heightens Transparency with Carbon Credit Project Tracker
Verra, a third-party carbon credit verification organization, has launched a tracking tool to enhance the transparency of carbon capture and sequestration projects. This initiative is part of a broader effort to address market mistrust using digital solutions, with the tool providing real-time updates on the status and progress of each carbon credit project.
UAE Pioneers Blockchain Technology To Establish National Carbon Credits System
The UAE, in collaboration with the Industrial Innovation Group LLC and Venom Foundation, has initiated a memorandum of understanding to establish a national carbon credits system using blockchain technology. This endeavor aims to enhance greenhouse gas emission mitigation, promote sustainable agriculture, and bolster the economic value of environmental health programs.
Israeli tech companies urged to dive into burgeoning carbon credit markets
Israeli tech firms are being encouraged to tap into the rapidly growing carbon credit markets, with the carbon removal industry projected to be worth $1 trillion. The second annual Carbon Conference emphasized the vast opportunities available, especially with technologies that can extract carbon dioxide from the atmosphere.
📈 Trading
Carbon-credit traders find their CO2 offsets may be worth nothing
Major carbon traders, including Trafigura Group, are finding some of their purchased CO2 offsets potentially worthless due to concerns about the validity of the forestry projects behind the credits. This adds to the challenges in a market that has faced numerous scandals and volatile prices since its inception 35 years ago.
UNDP And Partners Launch Open-Source Software For Carbon Credits Trading
The United Nations Development Program (UNDP) and its partners from the Digital4Climate (D4C) working group have introduced an open-source software, named the "National Carbon Registry", to manage data and processes for carbon credits trading at the national level. This software, recognized as a digital public good, aims to streamline carbon trading, allowing countries to customize the information to their specific needs and contexts.
Zimbabwe Bids to Be Africa’s Carbon Credit Trading Center
Zimbabwe is positioning itself to become the central hub for carbon credit trading in Africa. The nation plans to register carbon offset projects on a dedicated registry at the Victoria Falls stock exchange, with a state-backed conference, the Africa Voluntary Carbon Markets Forum, set for July in Victoria Falls.
💰 Financial Services
Making sense of the voluntary carbon market
The voluntary carbon market (VCM) involves the global trade in rights to claim responsibility for specific greenhouse gas reductions or removals. These rights, known as carbon credits, can be sold multiple times. While the VCM has grown in monetary value, reaching US$2 billion in 2021, it faces challenges such as ensuring credit quality, credible demand, and market functionality.
Global carbon credits market expected to touch USD 250 billion-mark by 2030
The global market for carbon credits is projected to reach USD 250 billion by 2030, despite recent setbacks including geopolitical events and reduced demand. Manish Dabkara, CMD of EKI Energy Services, highlighted that while the market for voluntary carbon offsets was valued at USD 2 billion in 2021, it has since declined to USD 500 million.
Hedge fund manager who cashed in on EU carbon credit rally bets prices will tumble
Per Lekander, a hedge fund manager who previously profited from the rise in carbon prices, predicts a sharp decline in the price of carbon permits as Europe shifts more rapidly to cleaner energy sources. This transition is expected to reduce the consumption of fossil fuels, leading to decreased demand for carbon credits.
Advertisem*nt:
🌍 Revolutionize Your Carbon Footprint with EthicStream! 🌍
Dive into the future of carbon offsetting with EthicStream. We're committed to combating low-quality credits by offering only the best, backed by verifiable projects.
🌱 Invest Now and Be Part of the Green Revolution! 🌱
📚 Book Recommendations
Trader Construction Kit is a comprehensive guide for aspiring traders, offering insights into professional trading techniques and strategies. It covers market analysis, risk assessment, trading strategies, and the nuances of different financial institutions. The book also delves into the psychological aspects of trading and includes a detailed case study. The 2020 appendix introduces data science and programming basics for traders.
🎨 Unleashing Creativity: The Art of Generative AI
For each issue, we explore the world of Generative AI creating custom graphics from prompts related to our issue.
Together with:
United Hands for Global Impact
Cultivating meaningful, sustainable growth opportunities through tax-exempt financing.
Our main focus is to maximize our Public partner's benefits and minimize the cost to finance infrastructure and Public Facility redevelopment projects.
Visit → https://www.uhgifl.org/
👋 Thank you for reading our newsletter.
💪 We hope you found this information valuable and informative.
⏭️ We look forward to bringing you more updates in our next edition.
📢 Advertise with us
Elevate your brand's visibility by partnering with ThirdSpace Buzz. Our newsletter reaches professionals in technology, trading, and financial services. Position your message directly in front of industry leaders and decision-makers.
