Welcome to Carbon Insider - Carbon Unbound's weekly briefing on the deals, data, and developments shaping the global carbon removal market. Let's get into it. Have we missed anything? Get in touch here to send news for feature or publish.
COP31 secures more than $480 million to accelerate methane and super pollutant reductions
More than $480 million in new philanthropic funding has been announced at COP31 to accelerate reductions in methane and other super pollutants. A further $25 million will expand the Super Pollutant Country Action Accelerator into seven additional countries. Funding will support emissions reductions across energy, agriculture, waste, cooling and transport.
Read the official CCAC announcement
Datavault AI partners with Biochar Now to expand global biochar carbon removal credits
Datavault AI has partnered with Biochar Now to market and distribute insured biochar carbon removal credits globally. The agreement highlights growing interest in biochar carbon removal, durable carbon dioxide removal (CDR), carbon credit distribution and digital infrastructure connecting project developers with corporate buyers.
Underground Forest issues CCP-eligible carbon removal credits and secures offtake deal
Underground Forest has issued carbon credits eligible under the ICVCM's Core Carbon Principles (CCPs) and signed an offtake agreement with MinderCO2. The development is relevant to the voluntary carbon market, highlighting the growing importance of independently recognised carbon credit integrity, durable carbon removal and long-term offtake agreements.
European Innovation Council puts carbon removal and utilisation at the heart of its 2027 innovation priorities
The European Innovation Council and SMEs Executive Agency has identified carbon removal and utilisation among its 2027 Accelerator Challenge priorities. The programme could provide an important route for scaling European climate technology, including direct air capture, mineralisation, bioenergy with carbon capture and storage (BECCS), and other carbon dioxide removal solutions.
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Durable carbon removal market contracts more than 33,000 tonnes in October
CDR.fyi's October market recap reports more than 33,000 tonnes of durable carbon removal contracted during the month. Notable developments include Frontier's $11.7m offtake with 44.01 for enhanced rock weathering, new BECCS supply agreements, and financing for biochar and direct air capture projects. The data offers a useful snapshot of corporate demand, project financing and the commercialisation of engineered CDR.
KPMG purchases biochar carbon removal credits from ReGenerate
KPMG has purchased biochar carbon removal credits from US-based ReGenerate, backed by private equity platform Ember Infrastructure. The credits originate from biochar produced using low-value forestry and wood-industry residues, certified under Puro.earth's biochar methodology. The transaction adds to growing corporate demand for durable carbon removal and demonstrates the expanding role of biochar in corporate carbon procurement.
UN launches Global Carbon Market Network at COP31 to accelerate international carbon trading
UN Trade and Development (UNCTAD) is launching a Global Carbon Market Network at COP31 to connect fragmented carbon markets and channel investment into climate projects in developing economies. The initiative aims to strengthen international carbon market cooperation, improve market infrastructure and support implementation of Article 6 of the Paris Agreement.
Read the announcement and market update
China, Türkiye and Ethiopia launch initiative to strengthen international carbon credit markets
China, Türkiye and Ethiopia have launched a joint initiative at COP31 to improve international carbon credit trading, increase the supply of reliable credits and strengthen cooperation between countries. The partnership signals growing momentum behind cross-border carbon markets and the development of stronger frameworks for international climate finance and carbon credit integrity.
Article 6 carbon markets take centre stage as COP31 countries push for climate finance
Carbon markets and Article 6 implementation are emerging as major priorities at COP31, with countries seeking to expand international carbon credit trading and mobilise climate finance. The negotiations underline the importance of robust accounting, corresponding adjustments and high-integrity carbon credits in building confidence in global compliance and voluntary carbon markets.
EU agrees changes to emissions trading system and free carbon allowances for energy-intensive industries
The European Council and Parliament have agreed changes to the EU Emissions Trading System (EU ETS), increasing free carbon allowances for energy-intensive industries. The agreement has implications for European industrial decarbonisation, carbon pricing and the economics of emissions reduction technologies, including carbon capture and storage.
Read the European Council announcement
UN reports methane reductions equivalent to taking 26 million cars off the road
The UN Environment Programme has reported that methane mitigation efforts by governments and oil and gas operators have delivered emissions reductions equivalent to removing 26 million cars from the road for a year. Satellite monitoring through UNEP's Methane Alert and Response System has helped identify and address 46 major methane sources across 13 countries, demonstrating the growing role of emissions monitoring in delivering measurable climate action.
Read the official UNEP announcement
COP31 puts super pollutant action at the centre of climate finance and implementation discussions
COP31 has placed methane, black carbon and other short-lived climate pollutants firmly on the climate agenda. The Climate and Clean Air Coalition highlights that just 0.5% of global climate mitigation finance currently goes towards super pollutant abatement, despite substantial economic and public health benefits. Its research estimates that every $1 invested in integrated climate and clean-air action could generate $15 in benefits.
Read the official COP31 update
ExxonMobil challenges EU carbon capture and storage requirements through international arbitration
Three ExxonMobil subsidiaries have launched an international arbitration challenge against the EU's carbon capture and storage obligations under the Net Zero Industry Act. The dispute raises important questions about the regulation of industrial carbon storage, investment protection and the responsibility of oil and gas producers to develop CO₂ injection capacity as Europe scales its CCUS infrastructure.
SEO terms: carbon capture and storage, CCUS regulation, EU Net Zero Industry Act, CO₂ storage, industrial decarbonisation
Occidental targets four million tonnes of CO₂ supply through new carbon capture partnerships
Occidental is strengthening its position in the US carbon capture market through two new long-term partnerships targeting four million tonnes of CO₂ supply. The development reflects the growing commercial ecosystem around carbon capture, CO₂ transportation and utilisation, alongside the infrastructure required to scale carbon management and industrial decarbonisation.
Read the report on Occidental's partnerships
Türkiye explores waste-to-energy carbon capture as a route to industrial decarbonisation
Discussions at COP31 have highlighted the potential for waste-to-energy facilities in Türkiye to become part of the country's emerging carbon capture and storage infrastructure. Integrating CCUS into waste treatment could help reduce residual emissions, support lower-carbon energy production and create new opportunities for CO₂ transport and permanent geological storage.
Read the COP31 waste-to-energy carbon capture report
Africa emerges as a potential new frontier for direct air capture and permanent carbon removal
Kenya and Ethiopia are attracting attention as potential hubs for direct air capture (DAC), supported by renewable energy resources and geological storage opportunities. Experts estimate that Africa could support an additional 400 million tonnes of annual synthetic carbon removal, although investment, regulation and infrastructure remain key barriers to market development.
Welcome to Carbon Insider - Carbon Unbound's weekly briefing on the deals, data, and developments shaping the global carbon removal market. Let's get into it. Have we missed anything? Get in touch here to send news for feature or publish.
COP31 secures more than $480 million to accelerate methane and super pollutant reductions
More than $480 million in new philanthropic funding has been announced at COP31 to accelerate reductions in methane and other super pollutants. A further $25 million will expand the Super Pollutant Country Action Accelerator into seven additional countries. Funding will support emissions reductions across energy, agriculture, waste, cooling and transport.
Read the official CCAC announcement
Datavault AI partners with Biochar Now to expand global biochar carbon removal credits
Datavault AI has partnered with Biochar Now to market and distribute insured biochar carbon removal credits globally. The agreement highlights growing interest in biochar carbon removal, durable carbon dioxide removal (CDR), carbon credit distribution and digital infrastructure connecting project developers with corporate buyers.
Underground Forest issues CCP-eligible carbon removal credits and secures offtake deal
Underground Forest has issued carbon credits eligible under the ICVCM's Core Carbon Principles (CCPs) and signed an offtake agreement with MinderCO2. The development is relevant to the voluntary carbon market, highlighting the growing importance of independently recognised carbon credit integrity, durable carbon removal and long-term offtake agreements.
European Innovation Council puts carbon removal and utilisation at the heart of its 2027 innovation priorities
The European Innovation Council and SMEs Executive Agency has identified carbon removal and utilisation among its 2027 Accelerator Challenge priorities. The programme could provide an important route for scaling European climate technology, including direct air capture, mineralisation, bioenergy with carbon capture and storage (BECCS), and other carbon dioxide removal solutions.
Durable carbon removal market contracts more than 33,000 tonnes in October
CDR.fyi's October market recap reports more than 33,000 tonnes of durable carbon removal contracted during the month. Notable developments include Frontier's $11.7m offtake with 44.01 for enhanced rock weathering, new BECCS supply agreements, and financing for biochar and direct air capture projects. The data offers a useful snapshot of corporate demand, project financing and the commercialisation of engineered CDR.
KPMG purchases biochar carbon removal credits from ReGenerate
KPMG has purchased biochar carbon removal credits from US-based ReGenerate, backed by private equity platform Ember Infrastructure. The credits originate from biochar produced using low-value forestry and wood-industry residues, certified under Puro.earth's biochar methodology. The transaction adds to growing corporate demand for durable carbon removal and demonstrates the expanding role of biochar in corporate carbon procurement.
UN launches Global Carbon Market Network at COP31 to accelerate international carbon trading
UN Trade and Development (UNCTAD) is launching a Global Carbon Market Network at COP31 to connect fragmented carbon markets and channel investment into climate projects in developing economies. The initiative aims to strengthen international carbon market cooperation, improve market infrastructure and support implementation of Article 6 of the Paris Agreement.
Read the announcement and market update
China, Türkiye and Ethiopia launch initiative to strengthen international carbon credit markets
China, Türkiye and Ethiopia have launched a joint initiative at COP31 to improve international carbon credit trading, increase the supply of reliable credits and strengthen cooperation between countries. The partnership signals growing momentum behind cross-border carbon markets and the development of stronger frameworks for international climate finance and carbon credit integrity.
Article 6 carbon markets take centre stage as COP31 countries push for climate finance
Carbon markets and Article 6 implementation are emerging as major priorities at COP31, with countries seeking to expand international carbon credit trading and mobilise climate finance. The negotiations underline the importance of robust accounting, corresponding adjustments and high-integrity carbon credits in building confidence in global compliance and voluntary carbon markets.
EU agrees changes to emissions trading system and free carbon allowances for energy-intensive industries
The European Council and Parliament have agreed changes to the EU Emissions Trading System (EU ETS), increasing free carbon allowances for energy-intensive industries. The agreement has implications for European industrial decarbonisation, carbon pricing and the economics of emissions reduction technologies, including carbon capture and storage.
Read the European Council announcement
UN reports methane reductions equivalent to taking 26 million cars off the road
The UN Environment Programme has reported that methane mitigation efforts by governments and oil and gas operators have delivered emissions reductions equivalent to removing 26 million cars from the road for a year. Satellite monitoring through UNEP's Methane Alert and Response System has helped identify and address 46 major methane sources across 13 countries, demonstrating the growing role of emissions monitoring in delivering measurable climate action.
Read the official UNEP announcement
COP31 puts super pollutant action at the centre of climate finance and implementation discussions
COP31 has placed methane, black carbon and other short-lived climate pollutants firmly on the climate agenda. The Climate and Clean Air Coalition highlights that just 0.5% of global climate mitigation finance currently goes towards super pollutant abatement, despite substantial economic and public health benefits. Its research estimates that every $1 invested in integrated climate and clean-air action could generate $15 in benefits.
Read the official COP31 update
ExxonMobil challenges EU carbon capture and storage requirements through international arbitration
Three ExxonMobil subsidiaries have launched an international arbitration challenge against the EU's carbon capture and storage obligations under the Net Zero Industry Act. The dispute raises important questions about the regulation of industrial carbon storage, investment protection and the responsibility of oil and gas producers to develop CO₂ injection capacity as Europe scales its CCUS infrastructure.
SEO terms: carbon capture and storage, CCUS regulation, EU Net Zero Industry Act, CO₂ storage, industrial decarbonisation
Occidental targets four million tonnes of CO₂ supply through new carbon capture partnerships
Occidental is strengthening its position in the US carbon capture market through two new long-term partnerships targeting four million tonnes of CO₂ supply. The development reflects the growing commercial ecosystem around carbon capture, CO₂ transportation and utilisation, alongside the infrastructure required to scale carbon management and industrial decarbonisation.
Read the report on Occidental's partnerships
Türkiye explores waste-to-energy carbon capture as a route to industrial decarbonisation
Discussions at COP31 have highlighted the potential for waste-to-energy facilities in Türkiye to become part of the country's emerging carbon capture and storage infrastructure. Integrating CCUS into waste treatment could help reduce residual emissions, support lower-carbon energy production and create new opportunities for CO₂ transport and permanent geological storage.
Read the COP31 waste-to-energy carbon capture report
Africa emerges as a potential new frontier for direct air capture and permanent carbon removal
Kenya and Ethiopia are attracting attention as potential hubs for direct air capture (DAC), supported by renewable energy resources and geological storage opportunities. Experts estimate that Africa could support an additional 400 million tonnes of annual synthetic carbon removal, although investment, regulation and infrastructure remain key barriers to market development.
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