Latest news with #VoluntaryCarbonMarket
Business Wire
02-05-2025
- Business
- Business Wire
Imperative Appoints John Nagulendran as Chief Growth & Investment Officer and Member of the Board
NEW YORK--(BUSINESS WIRE)--Imperative, a leading next-gen carbon project development company, today announced the appointment of John Nagulendran as Chief Growth & Investment Officer and Member of the Board of Directors. Mr. Nagulendran is a seasoned executive who brings more than 20 years of experience in strategy development, M&A and corporate finance, investment management and corporate governance to Imperative. In his new role, he will support Imperative CEO Scobie Mackay with identifying and executing Imperative's capital and strategic growth plans. He will also be responsible for delivering scalable sustainable growth opportunities across the business alongside Imperative's global team and leading strategic engagement with the company's investors, governments, civil society and other stakeholders in connection with Imperative's commitment to combat climate change. Scobie Mackay, CEO of Imperative, said: 'We are very pleased to welcome John to Imperative. John brings an impressive combination of natural resources investment, private equity and M&A experience, and proven leadership capability to the role. We look forward to working with him to deliver Imperative's mission of developing high-integrity, large-scale ecosystem restoration and management projects that enhance and protect biodiversity, improve the livelihoods of communities and contribute to the transition towards Net-Zero.' 'Imperative approaches its projects as Nature Infrastructure, bringing infrastructure-grade projects capabilities to the ecosystem restoration and management sector. John's strategic vision and extensive experience in the financing and management of natural resources assets, are directly aligned with Imperative's objective of bringing best-in-class know-how from adjacent markets to bear on nature-based projects.' Imperative's objectives Established in 2022, Imperative is committed to using the Voluntary Carbon Market, through a focus on integrity and quality, to accelerate a just climate transition. Imperative's goal is to be in the top 10% of quality in the market and to assist in defining what 'high-quality' looks like for nature restoration and management projects. In doing so, Imperative is working to deliver against key design, execution and monitoring, reporting and verification criteria that are becoming the benchmarks for quality in the market, including Microsoft and Carbon Direct's Criteria for High-Quality Carbon Dioxide Removal, ICVCM Core Carbon Principles criteria, and other industry guidance for best-in-class projects. Imperative's corporate developments Imperative's ecosystem restoration and management projects are designed to create not only large-scale climate and biodiversity impacts and to sequester a substantial amount of carbon dioxide from the atmosphere, but also to enhance and protect biodiversity and to deliver transformative outcomes for local communities through financial benefit sharing, training, employment and local restoration and conservation initiatives. Key recent developments for Imperative include: Spekboom Ecosystem Restoration Project. Launch of its first phase 10,000-hectare ecosystem restoration project in South Africa, which at full scale aims to restore 100,000 hectares of land through active replanting of native thicket across a vast area in the Eastern and Western Capes. The Spekboom Project, which has received an ex ante BeZero Standalone Carbon Rating of 'aa' and a BeZero Carbon ex ante Rating of 'Ae', is being executed under Verra VM0047 methodology and funded by Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing, along with GenZero, a Temasek-owned investment platform focused on accelerating decarbonisation globally and Rubicon Carbon, a carbon credit management firm backed by TPG Rise Climate. A 50,000-hectare Phase 2 of the project is expected to commence execution in the second half of 2025. Strategic Partnerships. Establishment of strategic partnerships with Rubicon Carbon, Freepoint Commodities and Artemeter, a DRW Company, for the development, financing and marketing of up to US$750 million of Imperative's high-quality, large-scale projects, bringing together institutional capital, specialized carbon know-how and deep projects expertise. Project Pipeline. In addition to the expansion of its South African project, Imperative has a pipeline of large-scale Nature-Based Solutions carbon dioxide removals projects across Africa, Asia and Latin America, including near-term projects in Peru, Mexico and India. John Nagulendran's background Prior to joining Imperative, Mr. Nagulendran spent 14 years at Swiss-based Pala Investments where he was responsible for structuring and executing public and private equity raisings, project financings, joint ventures, mergers and acquisitions and divestments in the natural resources and critical minerals sector. He was previously at Herbert Smith Freehills and Rajah & Tann, spending over 8 years advising clients on cross-border investments, corporate transactions and project financings. Mr. Nagulendran serves on the Board of Kofi Annan Foundation and is the founder of Nagulendran Philanthropy Alliance, a family philanthropic fund dedicated to supporting and investing in dialogue, mediation and peacebuilding. He holds a bachelor's degree in law from King's College London and is a qualified lawyer in both England and Singapore. About Imperative Imperative is committed to advancing carbon credit project development, operations, and the production of high-quality carbon credits. We believe that nature-based projects can be executed to an infrastructure-grade of quality. With expertise in carbon markets, ecosystem restoration, and major-projects project execution, Imperative focuses on emerging markets and scalable project types. By taking a hands-on approach to project development and operations, and importing knowledge from other sectors, Imperative aims to address quality issues in voluntary carbon markets at the source. Our mission is to design, develop, own and operate, at scale, the best carbon credit projects in the world and to optimize those projects using technology. For more information, visit
Associated Press
01-05-2025
- Business
- Associated Press
Verde Appoints Karl Strahl to Board of Directors
ST. LOUIS, May 1, 2025 /PRNewswire/ -- Verde Resources Inc. is pleased to announce the appointment of Karl Strahl to its Board of Directors. Karl is a recognized expert in the biochar and carbon removal sectors, bringing extensive experience to Verde's leadership team. Karl began his career at Tesla Solar in Albany, New York, where he developed a high-conversion passive sales strategy and earned multiple top sales awards. Since 2018, he has served as Chief Operating Officer at Oregon Biochar Solutions (OBS), where he has been instrumental in pioneering the commercialization of biochar-based carbon credits in the United States. Under his leadership, OBS expanded into agriculture, environmental remediation, and sustainable building materials, and launched the world's first insured biochar carbon removal credits in partnership with Oka, The Carbon Insurance Company. This initiative set a new standard for transparency and buyer confidence in the Voluntary Carbon Market. Karl also serves as a Board Member, Treasurer, and Standards Committee Member of the U.S. Biochar Coalition, a registered lobbying entity based in Washington, D.C., dedicated to advancing national policy, setting industry standards, and accelerating the adoption of biochar-based climate solutions. He holds a B.A. in Environmental Science from St. Lawrence University. 'I am honored to join the Board of Directors at Verde Resources,' said Karl Strahl. 'The company's mission to integrate biochar into sustainable infrastructure aligns perfectly with my commitment to pragmatic, scalable climate solutions. I look forward to helping drive Verde's continued growth and promoting the adoption of biochar-based technologies in the construction industry.' This appointment comes on the heels of Verde's recent achievement in partnering with OBS and its strategic partners to deliver the world's first carbon removal credits from asphalt, marking a significant milestone in the company's commitment to sustainable infrastructure and carbon sequestration. 'We're thrilled to welcome Karl to our Board,' said Jack Wong, CEO of Verde Resources. 'His expertise in biochar, carbon markets, and sustainability will be instrumental as we expand with our strategic partners and advance our mission in sustainable infrastructure and carbon removal.' About Verde Resources Inc.: Verde Resources Inc. (OTCQB: VRDR) is a leader in sustainable infrastructure, specializing in innovative and cost-effective solutions to help the industry seamlessly #TransitionToZero™. By integrating proprietary technologies with sustainable practices, Verde is at the forefront of creating low-carbon materials for infrastructure worldwide. View original content to download multimedia: SOURCE Verde Resources Inc.
Egypt Independent
15-02-2025
- Business
- Egypt Independent
FM highlights Egypt's efforts to equipoise between economic growth, green transition
CAIRO/MUNICH, Feb 14 (MENA) – Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty reviewed Friday Egypt's efforts to strike a balance between economic growth and green transition during a meeting with EU Commissioner for Environment, Water Resilience and a Competitive Circular Economy Jessika Roswall in Munich. The minister noted that Egypt had launched its first regulated Voluntary Carbon Market ('VCM') last year, a significant milestone which marks a key step in Egypt's efforts towards environmental and economic sustainability. Abdelatty welcomed recent efforts to refine Egypt-EU relations under the EU-Egypt Strategic and Comprehensive Partnership agreement signed in March, by strengthening cooperation in six areas of mutual interest, especially renewable energy and water resilience. Briefing the EU official on Egypt's efforts to become a regional hub for renewable energy trading, production, and distribution, Abdelatty touched on the contracts Egypt has signed recently for some green hydrogen and green ammonia production projects. Abdelatty also applauded the signing of a joint declaration on water by Egypt and the EU on the margins of the COP28 climate conference in Dubai, a significant step towards greater environmental cooperation on the long run. He also discussed prominent outcomes of the 29th UN Climate Change conference (COP29), held in Baku, Azerbaijan, in November The meeting between the two officials took place on the sidelines of Munich Security Conference. (MENA)
Middle East
15-02-2025
- Business
- Middle East
OPEN// FM highlights Egypt's efforts to equipoise between economic growth, green transition
CAIRO/MUNICH, Feb 14 (MENA) - Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty reviewed Friday Egypt's efforts to strike a balance between economic growth and green transition during a meeting with EU Commissioner for Environment, Water Resilience and a Competitive Circular Economy Jessika Roswall in Munich. The minister noted that Egypt had launched its first regulated Voluntary Carbon Market ('VCM') last year, a significant milestone which marks a key step in Egypt's efforts towards environmental and economic sustainability. Abdelatty welcomed recent efforts to refine Egypt-EU relations under the EU-Egypt Strategic and Comprehensive Partnership agreement signed in March, by strengthening cooperation in six areas of mutual interest, especially renewable energy and water resilience. Briefing the EU official on Egypt's efforts to become a regional hub for renewable energy trading, production, and distribution, Abdelatty touched on the contracts Egypt has signed recently for some green hydrogen and green ammonia production projects. Abdelatty also applauded the signing of a joint declaration on water by Egypt and the EU on the margins of the COP28 climate conference in Dubai, a significant step towards greater environmental cooperation on the long run. He also discussed prominent outcomes of the 29th UN Climate Change conference (COP29), held in Baku, Azerbaijan, in November
Yahoo
30-01-2025
- Business
- Yahoo
Northern Trust Develops Capability to Create Digital Voluntary Carbon Credits in Near Real-Time
New functionality via The Northern Trust Carbon Ecosystem™ could streamline the verification process for Voluntary Carbon Markets CHICAGO, January 30, 2025--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) has announced a significant enhancement for the Voluntary Carbon Market (VCM) through the ability to generate digital voluntary carbon credits in near real-time on The Northern Trust Carbon Ecosystem™. Northern Trust has been working with project developers focused on climate solutions and their data collection providers to streamline the generation of verified carbon credits to enable more automation in the VCM. The Northern Trust Carbon Ecosystem was able to receive data and record verified carbon credits in near real-time from participating providers, with the associated data attributes captured and stored on individual credits for accuracy and transparency. These data attributes encompass precise measurements including carbon dioxide capture flow rates, power consumed to capture the carbon dioxide and parameters critical for robust verification and traceability such as when and where the carbon was captured. Justin Chapman, global head of Digital Assets and Financial Markets, at Northern Trust, said: "Despite some automation and digitization in the VCM over the last few years, the measurement, reporting and verification of carbon credits has been characterised by manual processes which are resource- and time-intensive. This additional capability of The Northern Trust Carbon Ecosystem further enhances our ability to support a fully digital lifecycle management solution for voluntary carbon credits. The recordation of verified carbon credits in near real-time on our platform supports project developers in expediting the commercialisation opportunity of their projects." Northern Trust has been collaborating with data collection providers and project developers, including: InceptionX which provides an end-to-end platform for equipment monitoring and carbon measurement, enabling the quantification and validation of carbon assets and industrial equipment in real-time. By integrating advanced IoT devices, machine learning capabilities, and real-time data collection, InceptionX successfully transmitted quantified carbon data from a wastewater recycling installation in San Francisco to The Northern Trust Carbon Ecosystem, facilitating the creation of carbon credits. Mangrove Systems, a digital measurement, reporting and verification (dMRV) solution for project developers focused on carbon dioxide removal and carbon storage, and The Carbon Removers, a UK-based project developer which captures, removes and sequesters biogenic carbon. Northern Trust is working in partnership with Mangrove Systems to enable a more automated and timely verification of the carbon credits generated from The Carbon Removers' carbon capture plants located at a Scottish distillery. Real-time data from the plants is being collected automatically by Mangrove's dMRV system and mapped against The Carbon Removers' protocol. It is then sent to Northern Trust to generate carbon credits via its ecosystem, leveraging the detailed data and evidence related to the carbon dioxide capture and sequestration provided by Mangrove Systems. Tom Dickie, Chief Executive Officer, at InceptionX, said: "The Northern Trust Carbon Ecosystem provides us with a set of solutions that allows us to securely create carbon credits in near real-time on behalf of our project developer clients, enabling them to transact those credits in a shorter timeframe." Brandon Vlaar, Chief Executive Officer, at Mangrove Systems, said: "The Northern Trust Carbon Ecosystem will store critical data parameters required for robust verification and traceability of each credit, enhancing the transparency into the verified carbon credits and speeding up the time it takes to have them recorded on a register." Sanjay Parekh, Chief Commercial Officer, at The Carbon Removers, said: "Having the capability to capture specific information like the date, location and flow rate for every carbon credit we capture and sequester allows us to ensure that the buyers of our credits can see the full lifecycle of each credit created – providing full transparency and traceability." Northern Trust announced the formal launch of The Northern Trust Carbon Ecosystem in September 2024 with the first live transactions. The ecosystem connects institutional buyers with project developers focused on climate solutions to avoid, reduce, or remove greenhouse gases in the atmosphere. Supported by private ledger digital blockchain technology, buyers can purchase digital carbon credits directly from project developers and retire these against their emissions footprint. Northern Trust acts on instruction to record, transfer and settle digital carbon credits in its capacity as the designated custodian. The Northern Trust Carbon Ecosystem is powered by Northern Trust's digital assets platform, Northern Trust Matrix Zenith™. The latest milestone in Northern Trust's asset servicing innovation journey, Northern Trust Matrix Zenith supports key digital asset lifecycle events from asset creation, trading, pricing and custody to reporting. The Northern Trust Carbon Ecosystem is offered through The Northern Trust Company, Chicago. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2024, Northern Trust had assets under custody/administration of US$16.8 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn. Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at View source version on Contacts Media Contacts Europe, Middle East, Africa & Asia-Pacific: Camilla Greene+44 (0) 20 7982 2176Camilla_Greene@ Simon Ansell+ 44 (0) 20 7982 1016sa777@ US & Canada:John O'Connell+1 312 444 2388John_O'Connell@ Sign in to access your portfolio
