As this year’s United Nations climate summit, COP28, continues to deliberate the most pressing climate change concerns, we’re sharing the top updates impacting the future of climate finance. Here are the top four highlights that stand out.
Oil and Gas Charter Aims 2050 Zero Methane
Saudi Arabia’s Aramco and the UAE’s ADNOC, along with 29 other national oil companies, signed a non-binding agreement to target zero methane emissions and end routine flaring by 2030.
Overall, 50 oil and gas companies, which represents 40% of global production, committed to decarbonize their operations by 2050.
While Aramco and ADNOC have announced carbon reduction objectives, these targets don’t include emissions from customer fuel use. Sultan Al Jaber, ADNOC’s CEO and CO28 President, emphasized the need for more action, despite many national oil companies setting net zero emissions 2050 targets.
This initiative, called the Oil and Gas Decarbonization Charter, saw companies like PetroChina, Brazil’s Petrobras, TotalEnergies of France, ExxonMobil of the US, and BP and Shell from Britain signing on. However, unlike COP28 decisions, these commitments are voluntary.
Prepared ahead of COP28, these pledges aim to expedite the energy industry’s decarbonization. Yet, a non-profit representative noted that voluntary commitments from the industry may not be enough to address climate change adequately. What is more crucial is having government policies in place to drive swift and equitable transition away from fossil fuels.
Canada Aims to Slash Methane Emissions by 75%
Canada has shared a new plan to cut methane pollution from its oil and gas industry by at least 75%. The potent gas contributed about 13% of Canada’s total emissions in 2021.
The country’s Environment Minister made this announcement on the sidelines of COP28.
Canada ranks among the top oil producers globally, with most methane emissions coming from oil and gas, agriculture, and waste.
Two years ago, the nation promised to create a plan to significantly lower methane emissions from oil and gas by 2030, aligning with the Global Methane Pledge.
The new draft involves stricter rules for Canada’s oil and gas sector, following global suggestions. It aims to stop routine venting and flaring, which emit methane, and introduce better leak detection methods.
The federal government estimates that these new regulations will reduce emissions by 217 million metric tonnes of CO2e from 2027 to 2040. The government also plans to invest $30 million in a Methane Centre of Excellence.
The proposed regulations also include third-party inspections and safety exemptions. However, Alberta and Saskatchewan, provinces rich in oil and gas, criticized the plan, calling it too costly and challenging. They argue that the federal government is intruding on provincial control.
The draft regulations will roll out in 2027, but opposition from the provinces may lead to further discussions and revisions.
Bhutan is The First National Registry Under CAD Trust
The Kingdom of Bhutan has become the inaugural national registry to achieve full integration with the Climate Action Data Trust (CAD Trust) Metadata Layer, marking a significant milestone announced at COP28.
This development positions Bhutan as a leader in regional climate action and aligns with the Paris Agreement’s Article 6 objectives.
Launched in December 2022, CAD Trust is an initiative led by the World Bank, the International Emissions Trading Association (IETA), and the Government of Singapore. It operates as a decentralized blockchain-based platform, aiming to promote transparent carbon market accounting, in accordance with the Paris Agreement.
- READ MORE: Climate Action Data Trust Launched
Bhutan, known for its vast forests occupying over 72% of its land, holds a pivotal role as a ‘carbon bank’. The country contributes to global biodiversity and carbon sequestration.
As the world’s first carbon-negative country, Bhutan’s integration into CAD Trust underscores its commitment to climate mitigation and proactive measures.
This integration ensures Bhutan’s climate mitigation efforts adhere to Article 6 guidelines by leveraging innovative digital infrastructure, including blockchain technology. This is to safeguard the accuracy of carbon credit data and prevent duplication, a critical principle of Article 6.
The development marks the beginning of an expanding network for CAD Trust. The platform will connect with other national and independent carbon market standards over the coming weeks and months.
Tanzania’s Major Carbon Credit Deal
Tanzania has signed a significant carbon credit deal at COP28 covering 6 national parks across 1.8 million hectares. Parks included are Burigi-Chato, Katavi Plains, Ugalla River, Mkomazi, Gombe Stream, and Mahale Mountains.
The agreement involves Tanzania’s national park agency, Tanapa, and a local company, Carbon Tanzania. The country boasts 48 million hectares of reserved forests, which offers significant opportunities for carbon trading.
In a move coinciding with COP28, the deal aims to trade carbon credits while also preserving and managing the national parks, safeguarding their natural ecosystems and wildlife. This move positions the country as a key player in Africa’s carbon credit market.
Mohammed Enterprises Tanzania Limited, led by businessman Mohammed Dewji, will provide funding for the project. This deal follows an earlier preliminary agreement encompassing 8.1 million hectares in Tanzania, also directed towards carbon credit initiatives. That area represents about 8% of the East African nation’s total land mass.
However, these deals have faced criticism for their potential impact on local lands and communities, drawing concern about neocolonialism. While developers assert that their projects follow stringent regulations and offer community benefits, critics question the agreements’ true impact.
Despite the criticism, these agreements could see vast land areas dedicated for carbon credit projects across Africa once finalized.
As COP28 unfolds, pivotal strides in carbon credit market and climate finance are apparent, spanning from oil and gas industry pledges to national initiatives and global registry integration. These developments emphasize the imperative role of collaborative efforts and policy implementations in tackling climate change.
The post The Top 4 Important Highlights at COP28 appeared first on Carbon Credits.
Carbon Footprint
Climate Impact Partners Unveils High-Quality Carbon Credits from Sabah Rainforest in Malaysia
The voluntary carbon market is changing. Buyers are no longer focused only on large volumes of cheap credits. Instead, they want projects with strong science, long-term monitoring, and clear proof that carbon has truly been removed from the atmosphere. That shift is drawing more attention to high-integrity, nature-based projects.
One project now gaining that spotlight is the Sabah INFAPRO rainforest rehabilitation project in Malaysia. Climate Impact Partners announced that the project is now issuing verified carbon removal credits, opening access to one of the highest-quality nature-based removals currently available in the global market.
Restoring One of the World’s Richest Rainforest Ecosystems
The project is located in Sabah, Malaysia, on the island of Borneo. This region is home to tropical dipterocarp rainforest, one of the richest forest ecosystems on Earth. These forests store huge amounts of carbon and support extraordinary biodiversity. Some dipterocarp trees can grow up to 70 meters tall, creating habitat for orangutans, pygmy elephants, gibbons, sun bears, and the critically endangered Sumatran rhino.
However, the forest within the INFAPRO project area was not intact. In the 1980s, selective logging removed many of the most valuable tree species, especially large dipterocarps. That caused serious ecological damage. Once the key mother trees were gone, natural regeneration became much harder. Young seedlings also had to compete with dense vines and shrubs, which slowed the forest’s recovery.
To repair that damage, the INFAPRO project was launched in the Ulu-Segama forestry management unit in eastern Sabah.
- The project has restored more than 25,000 hectares of logged-over rainforest.
- It was developed by Face the Future in cooperation with Yayasan Sabah, while Climate Impact Partners has supported the project and helped bring its credits to market.
Why Sabah’s Carbon Removals are Attracting Attention
What makes Sabah INFAPRO different is not only the size of the restoration effort. It is also the way the project measured carbon gains.

Many forest carbon projects issue credits in annual vintages based on year-by-year growth estimates. Sabah INFAPRO followed a different path. It used a landscape-scale monitoring system and waited until the forest moved through its strongest natural growth period before issuing removal credits.
- This approach gives the credits more weight. Rather than relying mainly on short-term annual estimates, the project measured carbon sequestration over a longer period. That helps show that the forest delivered real, sustained, and measurable carbon removal.
The scientific backing is also unusually strong. Since 2007, the project has maintained nearly 400 permanent monitoring plots. These plots have allowed researchers, independent auditors, and technical specialists to observe the full growth cycle of dipterocarp forest recovery. The result is a large body of field data that supports carbon calculations and strengthens confidence in the credits.
In simple terms, buyers are not just being asked to trust a model. They are being shown years of direct forest monitoring across the project landscape.
Strong Ratings Support Market Confidence
Independent assessment has also lifted the project’s profile. BeZero awarded Sabah INFAPRO an A.pre overall rating and an AA score for permanence. That places the project among the highest-rated Improved Forest Management, or IFM, projects in the world.
The rating reflects several important strengths. First, the project has very low exposure to reversal risk. Second, it has a long and stable operating history. Third, its measured carbon gains align well with peer-reviewed ecological research and independent analysis.
These points matter in today’s market. Buyers have become more cautious after years of debate over the quality of some forest carbon credits. As a result, they now look more closely at durability, transparency, and third-party validation. Sabah INFAPRO’s rating helps answer those concerns and makes the project more attractive to companies looking for credible carbon removal.
The project is also registered with Verra’s Verified Carbon Standard under the name INFAPRO Rehabilitation of Logged-over Dipterocarp Forest in Sabah, Malaysia. That adds another level of market recognition and verification.
A Wider Model for Rainforest Recovery
Sabah INFAPRO also shows why high-quality nature-based projects are about more than carbon alone. The restoration effort supports broader ecological recovery in one of the world’s most important rainforest regions.
Climate Impact Partners said it has worked with project partners to restore degraded areas, run local training programs, carry out monthly forest patrols, and distribute seedlings to support rainforest recovery beyond the project boundary. These efforts help strengthen the wider landscape and expand the project’s environmental impact.
That broader value is becoming more important for buyers. Companies increasingly want projects that support biodiversity, ecosystem health, and local engagement, along with carbon removal. Sabah INFAPRO offers that mix, making it a stronger fit for the market’s shift toward higher-integrity credits.

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Carbon Footprint
Bitcoin Falls as Energy Prices Rise: Why Crypto Is Now an Energy Market Story
Bitcoin’s recent drop below $70,000 reflects more than short-term market pressure. It signals a deeper shift. The world’s largest cryptocurrency is becoming increasingly tied to global energy markets.
For years, Bitcoin has moved mainly on investor sentiment, adoption trends, and regulation. Today, another force is shaping its direction: the cost of energy.
As oil prices rise and electricity markets tighten, Bitcoin is starting to behave less like a tech asset and more like an energy-dependent system. This shift is changing how investors, analysts, and policymakers understand crypto.
A Global Power Consumer: Inside Bitcoin’s Energy Use
Bitcoin depends on mining, a process that uses powerful computers to verify transactions. These machines run continuously and consume large amounts of electricity.
Data from the U.S. Energy Information Administration shows Bitcoin mining used between 67 and 240 terawatt-hours (TWh) of electricity in 2023, with a midpoint estimate of about 120 TWh.

Other estimates place consumption closer to 170 TWh per year in 2025. This accounts for roughly 0.5% of global electricity demand. Recently, as of February 2026, estimates see Bitcoin’s energy use reaching over 200 TWh per year.
That level of energy use is significant. Global electricity demand reached about 27,400 TWh in 2023. Bitcoin’s share may seem small, but it is comparable to the power use of mid-sized countries.
The network also requires steady power. Estimates suggest it draws around 10 gigawatts continuously, similar to several large power plants operating at full capacity. This constant demand makes energy costs central to Bitcoin’s economics.
When Oil Rises, Bitcoin Falls
Bitcoin mining is highly sensitive to electricity prices. Energy is the highest operating cost for miners. When power becomes more expensive, profit margins shrink.
Recent market movements show this link clearly. As oil prices rise and inflation concerns persist, energy costs have increased. At the same time, Bitcoin prices have weakened, falling below the $70,000 level.

This is not a coincidence. Studies show a direct relationship between Bitcoin prices, mining activity, and electricity use. When Bitcoin prices rise, more miners join the network, increasing energy demand. When energy costs rise, less efficient miners may shut down, reducing activity and adding selling pressure.
This creates a feedback loop between crypto and energy markets. Bitcoin is no longer driven only by demand and speculation. It is now influenced by the same forces that affect oil, gas, and power prices.
Cleaner Energy Use Is Growing, but Fossil Fuels Still Matter
Bitcoin’s environmental impact depends on its energy mix. This mix is improving, but it remains uneven.
A 2025 study from the Cambridge Centre for Alternative Finance found that 52.4% of Bitcoin mining now uses sustainable energy. This includes both renewable sources (42.6%) and nuclear power (9.8%). The share has risen significantly from about 37.6% in 2022.
Despite this progress, fossil fuels still account for a large portion of mining energy. Natural gas alone makes up about 38.2%, while coal continues to contribute a smaller share.

This reliance on fossil fuels keeps emissions high. Current estimates suggest Bitcoin produces more than 114 million tons of carbon dioxide each year. That puts it in line with emissions from some industrial sectors.
The shift toward cleaner energy is real, but it is not complete. The pace of change will play a key role in how Bitcoin fits into global climate goals.
Bitcoin’s Climate Debate Intensifies
Bitcoin’s growing energy demand has placed it at the center of ESG discussions. Its impact is often measured through three key areas:
- Total electricity use, which rivals that of entire countries.
- Carbon emissions are estimated at over 100 million tons of CO₂ annually.
- Energy intensity, with a single transaction using large amounts of power.

At the same time, the industry is evolving. Mining companies are adopting more efficient hardware and exploring new energy sources. Some operations use excess renewable power or capture waste energy, such as flare gas from oil fields.
These efforts show progress, but they do not fully address the concerns. The gap between Bitcoin’s energy use and its environmental impact remains a key issue for investors and regulators.
- MUST READ: Bitcoin Price Hits All-Time High Above $126K: ETFs, Market Drivers, and the Future of Digital Gold
Bitcoin Is Becoming Part of the Energy System
Bitcoin mining is now closely integrated with the broader energy system. Operators often choose locations based on access to cheap or excess electricity. This includes areas with strong renewable generation or underused energy resources.
This integration creates both opportunities and challenges. On one hand, mining can support energy systems by using power that might otherwise go to waste. It can also provide flexible demand that helps stabilize grids.
On the other hand, it can increase pressure on local electricity supplies and extend the use of fossil fuels if cleaner options are not available.
In the United States, Bitcoin mining could account for up to 2.3% of total electricity demand in certain scenarios. This highlights how quickly the sector is scaling and how closely it is tied to national energy systems.
Energy Markets Are Now Key to Bitcoin’s Future
Looking ahead, the connection between Bitcoin and energy is expected to grow stronger. The network’s computing power, or hash rate, continues to reach new highs, which typically leads to higher energy use.
Electricity will remain the main cost for miners. This means Bitcoin will continue to respond to changes in energy prices and supply conditions. At the same time, governments are starting to pay closer attention to crypto’s environmental impact, which could shape future regulations.

Some forecasts suggest Bitcoin’s energy use could rise sharply if adoption increases, potentially reaching up to 400 TWh in extreme scenarios. However, cleaner energy systems could reduce the carbon impact over time.
Bitcoin is no longer just a financial asset. It is also a large-scale energy consumer and a growing part of the global power system.
As a result, understanding Bitcoin now requires a broader view. Energy prices, electricity markets, and carbon trends are becoming just as important as market demand and investor sentiment.
The message is clear. As energy markets move, Bitcoin is likely to move with them.
The post Bitcoin Falls as Energy Prices Rise: Why Crypto Is Now an Energy Market Story appeared first on Carbon Credits.
Carbon Footprint
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