Announced at the World Economic Forum’s Annual Meeting, Trafigura, a leading player in the global commodities industry, is reinforcing its climate strategy by purchasing carbon dioxide removal (CDR) credits from 1PointFive’s first industrial-scale Direct Air Capture (DAC) facility, STRATOS, currently under construction in Texas. This transaction marks Trafigura’s inaugural step towards fulfilling its commitment as...Read More

India is confronting a substantial “funding gap” of over $10 trillion to meet its commitment to achieving net zero emissions by 2070, according to Finance Minister Nirmala Sitharaman. The minister stressed the importance of establishing a carbon credit market at Gujarat’s GIFT City’s International Financial Services Centre (IFSC). The goal is to address the financial challenges associated...Read More