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Carbon markets today are seeking solutions to make it more transparent and reliant – and Neufin is trying to do just that. We’re thrilled to bring you the latest updates and insights from the world of carbon markets. |
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Carbon credit price for last week |
Price per credit: $3.51/tCO2e (-1.68% WoW) |
Based on top 500 projects globally by volume of credits retired |
We see negative volatility in prices for different sectors WoW, and overall market prices remain deflated. Standardised instruments on the biggest exchanges (CBL/ACX) continue to struggle with low volumes and dropping prices. Trends for the past month can be found on our price tracker. |
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Neufin’s free project Eligibility Checker |
In our continuous bid to make the voluntary carbon market more understandable and accessible, we’re thrilled to share our Project Eligibility Checker for carbon markets! |
Neufin’s Eligibility checker is a free tool to help you assess if your project qualifies to earn via carbon credits, in a quick and seamless manner. Ready to test it out? |
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The country will fix carbon emission intensity benchmarks and reduction targets for three years for petrochemicals, iron and steel, cement and pulp and paper companies. |
The targets will be aligned with the country’s emission intensity – the total amount of greenhouse gas emissions emitted for every unit increase of GDP. |
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To achieve the necessary emission reductions, a comprehensive approach that includes a combination of carbon pricing, technology advancements, renewable energy adoption, and sustainable practices is required. Carbon markets can be a valuable tool within this broader framework, encouraging businesses to embrace low-carbon alternatives and contribute to the collective effort to address climate change. |
Dive into our latest article as we discuss the role carbon financing has to play in the decarbonisation journeys of corporates. |
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Sankalp Global Summit, Mumbai |
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Corporate Green Power Procurement, Delhi |
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The Energy Transition Dialogue, Delhi |
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Global Clean Mobility Summit, Bengaluru |
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Our team will be on the ground and would love to meet. Please email shrey@neufin.co or arshiya.bhutani@neufin.co to arrange a meeting |
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If we were to sum up the general theme of the month, it would be uncertainty. The pressure to meet climate targets is mounting, and policy makers are trying to keep up. The past few months have seen the introduction of EU’s CBAM, ongoing development of carbon market frameworks under Article 6.4 of the Paris Agreement, and growing concerns around credibility of the credits emerging from the VCM – all of which adds to the uncertainty. |
The good news? It is all being worked on. Coming months will bring clarity on matters around Article 6.4, CBAM and it implementation, and India’s own domestic carbon market. Meanwhile, actors in the VCM (including Neufin) continue to build trust and efficiencies in the market. |
We’ll be back with more interesting updates next month. Team Neufin |
