Latest news with #carboncredits
Yahoo
2 days ago
- Business
- Yahoo
United States: TotalEnergies Expands Its Investments in Sustainable Forestry Operations to Preserve Carbon Sinks
PARIS, July 22, 2025 /PRNewswire/ -- TotalEnergies signed an agreement with NativState, an Arkansas-based forest carbon project developer, to conserve forests from land conversion and heavy timber harvesting. The transaction includes 13 Improved Forest Management (IFM) projects located in Arkansas, Louisiana, Mississippi and Tennessee, U.S.A, covering 100,000 hectares (247,000 acres) owned by more than 280 private family forest landowners. The carbon program managed by NativState offers landowners a sustainable income alternative to this region's common practice of heavy timber harvesting while restoring forest health and improving carbon stocks. This investment will support sustainable forest practices, such as identifying and preserving high conservation value forests, implementing best management practices for streamside management zones, improving forest species diversity, and conserving wildlife corridors. It will also generate social benefits to small landowners such as forestry management education and technical support, as well as financial benefits by giving them access to voluntary carbon markets. All carbon credits generated by the project will be certified by the ACR, an internationally recognized carbon crediting program, and will be acquired by TotalEnergies. After prioritizing emission avoidance and reduction, the Company will use these credits from 2030 onwards to voluntarily offset part of its remaining direct Scope 1 & 2 emissions. "TotalEnergies confirms its commitment to support the conservation and enhancement of carbon sinks, with local value creation", said Adrien Henry, Vice President Nature Based Solutions at TotalEnergies. "We are thrilled to support NativState to scale up their operations, directly benefiting the environment and their local communities." "We, at NativState, are honored and deeply grateful for our partnership with TotalEnergies and our forest landowner families, which creates extraordinary opportunities to build a lasting legacy for small forest landowners in our communities across the southern United States while supporting TotalEnergies in addressing the challenges of global energy markets," said Stuart Allen, NativState Founder and CEO. "It is a privilege to empower these landowners to embrace sustainable forestry practices, cultivating healthier lands and stronger communities for generations to come." About TotalEnergies Nature Based SolutionsAs part of its climate ambition, and in addition to its existing actions to avoid and reduce emissions, TotalEnergies works with many local partners around the world to develop and conserve natural carbon sinks, while helping to preserve or improve their biodiversity. These operations follow a long-term approach of sustainable and integrated economic development of areas with local communities. TotalEnergies plans to invest $100 million per year to build a portfolio of projects capable of generating at least 5 million metric tons of CO2e of carbon credits per year by 2030. These carbon credits will be used after 2030 to offset the Company's scope 1 & 2 emissions. Learn more with our TotalEnergies' Sustainability and Climate 2025 – Progress Report About TotalEnergiesTotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to providing as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. About NativStateNativState LLC ( is a forest carbon development company partnering with small forest landowners across the southern United States to deliver access to global carbon markets. We work with landowners to improve and conserve their forests while realizing a financial return based on the creation of high-quality carbon credits sold to companies seeking to meet and exceed their carbon emission reduction goals. Using ACR's Improved Forest Management (IFM) methodology and our forty-year carbon agreement, we work with landowners to provide a new source of income from their forests versus historical, intensive timber harvesting. Through this process NativState empowers forest owners with the ability to manage their properties sustainably and provide the co-benefits of improved water quality, improved biodiversity, and improved overall health of the forest. NativState Media ContactMark Z. Fortune, Vice President, Marketing | 501-580-0550 | mfortune@ NativState TotalEnergies ContactsMedia Relations: +33 (0)1 47 44 46 99 l presse@ l @TotalEnergiesPRInvestor Relations: +33 (0)1 47 44 46 46 l ir@ @TotalEnergies TotalEnergies TotalEnergies TotalEnergies Cautionary NoteThe terms "TotalEnergies", "TotalEnergies company" or "Company" in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words "we", "us" and "our" may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC). View original content to download multimedia: SOURCE NativState
Bloomberg
2 days ago
- Business
- Bloomberg
JPMorgan Closes $210 Million Carbon Loan to Draw New Investors
JPMorgan Chase & Co. has helped structure a first-of-its-kind lending facility for a developer of carbon credits that it hopes will lower the cost of capital and attract institutional investors to a market that's struggled to grow amid a series of missteps and corporate apathy on climate action. The US bank, together with a syndicate of smaller lenders, closed a $210 million loan deal that will enable carbon developer Chestnut Carbon to meet its obligations under a 25-year agreement to generate credits from forestry projects in Arkansas and Texas, and deliver them to Microsoft Corp. The loan represents the first time traditional project-finance techniques have been applied to a US carbon-credit project and is an important step to help draw investors to the market, Chestnut said in a statement on Tuesday. The voluntary market for carbon credits, though touted by advocates as an important weapon in the fight against climate change and a critical vehicle for transmitting money from wealthy countries in the northern hemisphere to the global south, remains so small as to be a rounding error in the context of global capital markets. Still, a handful of deep-pocketed corporations are working to help it grow: Microsoft has signed scores of long-term carbon removal contracts, such as the one with Chestnut, while JPMorgan has said it wants to be the ' carbon bank of choice.'
Free Malaysia Today
4 days ago
- Business
- Free Malaysia Today
National Climate Change Bill to include incentives for carbon reduction, says minister
Acting natural resources and environmental sustainability minister Johari Ghani said the bill is still in the drafting stage and has yet to be presented to the Cabinet. KUALA LANGAT : The proposed National Climate Change Bill will include incentives for companies that successfully reduce their carbon emissions, says acting natural resources and environmental sustainability minister Johari Ghani. Johari said the bill, among other things, may include provisions for the implementation of carbon credits, which would further support the national agenda to achieve net-zero carbon emissions by 2050. He said the bill is still in the drafting stage and has yet to be presented to the Cabinet. He is currently reviewing the draft, and plans to engage with industry players, including Bursa Malaysia, to gather input and guidelines. The details will be disclosed to the public once the bill is finalised. 'The first draft is already out, but I need to review it thoroughly to ensure that the (proposed) law to be tabled is acceptable to the industry, and can achieve its intended objectives,' he said following an event at Pulau Carey today. On May 29, natural resources and environmental sustainability ministry secretary-general Ching Thoo was reported as saying the bill is expected to be tabled in August.
Arab News
7 days ago
- Business
- Arab News
Pakistani province completes first forest carbon mapping, targets $4 billion in credit revenue
PESHAWAR: Pakistan's northwestern Khyber Pakhtunkhwa (KP) government on Thursday announced it had completed its first forest carbon credit mapping, saying that projects on over two million hectares of land can be used to generate $4 billion in revenue and create over 50,000 jobs. Carbon credits are permits that allow owners— governments or companies— to emit a certain amount of carbon dioxide or other greenhouse gases (GHGs). The United Nations allows polluting companies or countries to buy carbon credits to offset their emissions. These credits can be sold in international carbon markets. Forest carbon credit mapping refers to the process of using satellite images, drones, and data to measure the forest land of a particular area. This estimates how much carbon the trees in that given area are absorbing. This data is then used to identify areas where projects can be launched to earn carbon credits. A ceremony was held at the Chief Minister's House in Peshawar to mark the launch of KP's first Forest Carbon Credit Mapping Report, the chief minister's office said in a statement. The report was launched by Chief Minister Ali Amin Gandapur. 'Through this mapping, done with the help of modern technology, ten potential projects covering 2.2 million hectares of forest land in the province have been identified,' the statement said. 'These projects can absorb more than 400 million tons of carbon,' the statement added. The report further said these projects can earn a revenue of $4 billion and create over 50,000 green jobs. Meanwhile, Gandapur said the mapping will serve as a 'comprehensive model' for the province's environmental, economic, and social development. 'The forest area of Khyber Pakhtunkhwa makes up 46 percent of the country's total forested area,' Gandapur was quoted as saying in the statement. 'The forests of the province have the capacity to absorb 50 percent of the country's carbon.' The KP chief minister said the provincial government is expected to earn $100 million annually from carbon credits. He said the KP government is undertaking efforts to further increase the forest area of the province. Pakistan is consistently ranked as one of the world's worst-affected countries due to climate change. Monsoon rains in the country since June 26 alone have killed around 190 people and injured several others. Unusually heavy rains triggered flash floods in June 2022 that killed over 1,700 people and caused damages of over $33 billion, with large swathes of crops and critical infrastructure destroyed by raging currents.
Forbes
17-07-2025
- Business
- Forbes
A New Carbon Credit Standard Brings New Hope To The Market
There has been controversy surrounding the forest carbon credit market. Some project developers have been seen as cheating the system by overreporting the amount of carbon sequestered, which allowed them to earn greater revenue from carbon credit sales. We take for granted that nations have to destroy their forests to develop, but carbon credits offer another way. Countries need money to build energy infrastructure, roads and bridges, fund hospitals and universities, and with programs funded by carbon credits, they can develop without destroying their countries. Carbon Credits offer alternative revenues to the government and local communities. This allows a country to develop without destroying its natural resources. Deforestation in Cambodia. Densely canopied forest is destroyed in the pursuit of economic ... More development. This is how carbon credits work: they are coupons that represent some amount of carbon that has been stored in a patch of forest. Corporations can buy these coupons to help them achieve their net-zero commitments. Governments of developing nations can sell carbon credits and earn revenues to develop sustainably. The forest carbon credit market has been heavily criticized, saying that corporations who buy carbon credits are only greenwashing their image. Some criticism has been fair. We acknowledge that there have been enough projects with flawed baselines to justify scrutiny from the press. Some project developers have applied the methodologies in a sloppy way, prompting heavy scrutiny. There have been enough examples of poor integrity in carbon accounting to have delegitimized the wider system in the eyes of many. This led to cynics believing that everyone was overstating how much carbon they actually sequestered. This is unfortunate because pragmatically, carbon credits are our best hope of preserving our remaining forests. The Amazon rainforest being cleared for soybean planting. Mato Grosso state in western Brazil, Oct. ... More 4, 2015 Up until now, there have only been a few accrediting firms in the carbon market. The limited selection of accrediting bureaus has made it such that when a bureau gets criticized, all the associated projects are tainted in the eyes of the carbon credit purchasers. Until now, Verra has maintained a de facto monopoly on the market, but a new firm has been announced and it will be accrediting projects by 2026. As a project developer, I'm very excited. We will have a new standard, Equitable Carbon Standard (ECS) and a new accrediting body, Equitable Earth, which lessens our dependence on Verra and gives more hope to carbon credit buyers. Equitable Earth has stricter requirements for counting carbon, and has a methodology that provides greater empowerment to Indigenous and local people. The new system aims to resolve the lack of trust that the corporate buyers have for project developers. There have been concerns that the amount of carbon being reported did not match the reality on the ground. Separately, there have been complaints that some projects have harmed local people by taking their land away. In the new standard, indigenous people will play a bigger role in project management and benefit sharing. Their elevated position in decision making will hopefully allay some of these anxieties about their wellbeing. Carbon credits are the best, pragmatic way to preserve the forests. Land conversion, clearing forests so that they can be replaced by agriculture, industrial development, or urban expansion, is the biggest driver of deforestation. Deforestation across the Tropical Belt as of 2022. Green shows remaining forests. Carbon Credits ... More offer developing nations a meaningful alternative to the deforest to develop trajectory. Compiled with data from various sources. Global climate commitments include ending deforestation by 2030 and reaching net-zero emissions by 2050. This won't be done by reducing emissions alone. Even with the emerging technologies and strategies that will lower the amount of carbon released into the atmosphere, we still need to absorb and sequester the balance to maintain net-zero emissions. Our forests, and the carbon credits that protect them, offer the most effective way to accomplish this imperative.
