After a record-breaking year of devastating effects of climate change, from record wildfires in Greece and Canada to floods in Libya, the United Nations COP28 conference comes at a decisive moment for international climate action to put us on a safer path.
Temperature records are being beaten and climate effects are felt worldwide. As climate scientist Zeke Hausfather described global temperature data for September, it’s “absolutely gobsmackingly bananas”.
As seen in Hausfather’s chart, last month’s temperature beat the prior monthly record by over 0.5°C, and was around 1.8°C warmer than pre-industrial levels.
So, what is the world doing about it? How do national governments tackle the climate crisis? The UN COP28 summit will show humanity’s progress in meeting the climate goals first set at the landmark Paris Agreement. Representatives from around 200 countries will come together to talk about it and agree on crucial climate actions.
In case you’ve never heard of COP28 or you most likely have if you’re following the climate change conversation but need a fresher, this comprehensive article will tell you the things you need to know about this defining climate summit.
First, let’s talk about the COP.
What is COP?
The Conference of the Parties to the Convention or COP is the product of the Rio Summit and the launch of the United Nations Framework Convention on Climate Change (UNFCCC).
Every year since the creation of the COP, member countries meet to agree how to deal with climate change. Tens of thousands of delegates from around the world gather together at the climate conference. Head of states, government officials, and representatives from international organizations, private sector, civil society, nonprofits, and the media are attending.
The COP’s 21st session led to the birth of the Paris Agreement, a global consensus to collectively achieve three important goals:
- Limit global temperature rise to 1.5°C above pre-industrial levels by 2100,
- Act upon climate change, adapt to its impact, and develop resilience, and
- Align financing with a “pathway towards low greenhouse gas emissions and climate-resilient development”.
Here’s the COP in a timeline, alongside global carbon emissions record.
This year’s UN climate convention is the 28th session of the parties or simply COP28.
How Important is COP28?
So what makes this COP session significant and different from the previous climate talks? The Global Stocktake.
The GST is the first ever report card on the world’s climate progress. It shows exactly how far we are in achieving the Paris Agreement goals set in 2015. Are we on or off track?
Though the details won’t be in until COP28 takes place in November 30 – December 12 in Dubai, United Arab Emirates (UAE), there’s a hunch that we need rapid climate actions and have to act now. COP28 is our chance to do that.
Plus the fact that UAE is a major oil producing country makes COP28 quite different and controversial. Many are raising concerns that the agenda doesn’t match well with the host country’s plan to increase oil production.
Some environmental groups noted that it could result in weak results leading to a point where curbing fossil fuels has to be ratcheted up rapidly to make the 1.5°C achievable. Their point is valid. About 100+ years ago, there was far less carbon released into the atmosphere than there is today.
The designation of Sultan al-Jaber as COP28 president-designate incited a furious backlash from climate activists and civil society groups. They warned that there could be a conflict of interest and that protesters would be restricted.
Dr. Sultan al-Jaber is a managing director and CEO of the Abu Dhabi National Oil Company (ADNOC). As appointed president, he would lead the talks, consult with stakeholders, provide leadership roles, and broker any agreements produced.
Given his position within the fossil fuel industry, it raised concerns about impartiality in the climate talks.
But putting aside these controversies, it’s more important to know what would be the specific talking points for this year’s climate summit.
What Are the Focus Issues to Watch at COP28?
Similar to previous sessions, the host nation sets the tone and direction of discussion for the conference. For this year’s COP28, here are the major areas to be deliberated.
Money Matters
As the case with the rest of the COPs, climate finance is one of the key issues. More so, if the money involved is worth $100 billion annually which was pledged by developed nations to developing countries.
Climate finance is critical because developing nations need resources, financial and technological, to enable them to adapt to climate change.
It was back in 2009 when rich countries promised to provide $100 billion from 2020 onwards to help poor nations in dealing with the impacts of climate change. However, until now that pledge has never been met, stirring frustrations for many developing countries.
The potential consequences of failing to meet the promised target in a timely manner could extend to the broader negotiations. It heavily affects the trustworthiness of governments to fulfill their commitments.
At COP28, governments will persist in their discussions on a fresh climate finance objective, aiming to supplant the existing $100 billion commitment. Though the deadline for reaching an agreement is 2024, substantial progress in Dubai remains pivotal to establishing a foundation for next year’s COP.
Moreover, financial matters will prominently feature in talks on the Green Climate Fund and on loss and damage.
Ultimately, deliberations and pledges related to the amplification and execution of climate finance may impact various other areas of negotiation. It may also help propel more climate actions or impede progress.
Where’s the ‘Loss and Damage’ Fund?
The concept of ‘loss and damage’ compensation isn’t new; it has been around for some time. It’s an arrangement wherein rich nations should pay the poorer ones that have suffered the brunt of climate change.
It differs from the funds to help poor nations adapt to the effects of climate change. While it gives hope for low-income countries heavily impacted by the climate-related disasters, it left several unanswered questions.
Unsurprisingly, one big question is:
- Who’s going to pay into the fund and who deserves to get it?
This issue has been unresolved for some time and was also discussed in COP27 at Egypt last year. Different organizations have different suggestions as to how much the fund needed to pay for the loss and damage.
- For one study, the funding can be as high as $580 billion each year by 2030, going up to $1.7 trillion by 2050.
Matter experts noted that the fund has been the “underlying climate finance discussions for a long time”. But after years of stalemate, the question hasn’t been resolved still.
Governments decided and agreed to form a ‘transitional committee’ at COP27. At COP28, they expect to come up with the recommendations on how to operationalize the fund.
Putting Food on the Table
Leading up to COP28, there’s been growing attention on food systems and agriculture in global discussions.
The current food systems are failing us; over 800 million people face hunger right now. Climate-related droughts and floods are destroying farmers’ crops and livelihoods. At COP28, world leaders must devise a plan that changes the ways the world produces and consumes food.
The COP28 presidency and the UN Food Systems Coordination Hub launched the COP28 Food Systems and Agriculture Agenda in July. It urges nations to align their national food systems and agricultural policies with their climate plans.
The agenda emphasizes the inclusion of targets for food system decarbonization in national biodiversity strategies and action plans.
Like the other issues above, food systems were also part of the COP27 summit. But there was also still some resistance to fully adopting a holistic approach to them.
Sultan al-Jaber is encouraging both private and public sectors to contribute funds and technology to transform food systems and agriculture. He also emphasized that food systems contribute to a significant portion of human-generated emissions. In line with this, the UAE and the US team up to promote their Agriculture Innovation Mission for Climate (AIM4C).
The increased focus on food at COP28 has been well-received. The GST synthesis report even stresses the need to address interconnected challenges, including demand-side measures, land use changes, and deforestation.
It’s important that actions to change food systems work together with efforts to speed up the transition to cleaner energy. Transformations in both sectors are crucial to meeting climate goals.
Moving Cities At the Front
For many years, UN climate summits have historically concentrated solely on national-level climate action, overlooking a crucial aspect.
Urban centers, responsible for around 70% of global CO2 emissions, face heightened vulnerability to climate change impacts, too. To restrict warming to 1.5C, all cities must achieve net zero emissions by 2050.
Research indicates that existing technologies and policies can cut urban emissions by 90% by 2050. But cities alone can realize only 28% of this potential.
Full decarbonization requires robust partnerships between local and national governments, along with engagement in international climate initiatives.
At COP28, it’s crucial for national, regional, and local governments to intensify partnerships, accelerating progress toward climate goals.
Moreover, national governments should also integrate urban areas more effectively into their climate plans. This includes reinforcing city-centric targets in their NDCs and National Adaptation Plans, expanding public transit, enhancing building energy efficiency, and ensuring that subnational actors have easy access to climate finance.
COP28: The Deciding Moment for Climate Action
Leaders at the national, corporate, and municipal levels must not only showcase progress in fulfilling previous commitments but also unveil new, ambitious plans. These plans are vital to curbing the worsening impacts of climate change, safeguarding both people and the environment.
The Global Stocktake was established to reach the objectives of the Paris Agreement. It also particularly highlighted the need to phase out unabated fossil fuels, which are the major culprit in releasing carbon. It will face its inaugural evaluation at COP28, presenting a crucial assessment of decision-makers’ commitment to its goal.
The report card of the world’s collective climate action was out. And the data isn’t good. COP28 is our best chance to make a critical course correction. It isn’t just a conference; it’s a decisive moment for leaders to demonstrate commitment to curbing harmful emissions.
The post What Is COP28? Key Issues to Watch Out at 2023 Climate Summit appeared first on Carbon Credits.
The voluntary carbon market is booming in 2025. Allied Offsets data showed that in the first quarter of 2025, around 780,000 CDR credits were contracted — a surge of 122% compared to the same period in 2024.
Additionally, 16 million credits were sold in the first six months of 2025 – marking it the strongest start to a year so far. The momentum is fueled by major buyers like Microsoft, aiming to be carbon negative by 2030, and by a surge in biomass-based removal methods that are reshaping corporate offset strategies.
Why Carbon Dioxide Removal Credits Are Surging
Businesses are racing to hit climate targets faster, and carbon dioxide removal (CDR) is emerging as the go-to solution. The biggest boost this year comes from biomass-based methods — like turning farming and forestry waste into tools for trapping CO₂. These projects are cheaper, easier to scale, and more accessible than high-cost tech such as direct air capture (DAC).
By early 2025, biomass CDR accounted for about 40% of credit volumes. Microsoft and other big players are securing large volumes, setting quality benchmarks, and pushing the market toward transparent, high-integrity projects.
Source: Zion Market Research
Technology Shifts in CDR
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Biomass-based CDR — including BECCS, biochar, bio-oil, and biomass burial — made up a massive 94% of total volumes in the first half of 2025.
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Investment focus, however, is still heavily skewed toward DAC and carbon utilization projects, despite other scalable and cost-effective CDR options.
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More public awareness and funding diversity are needed to unlock the full potential of multiple CDR pathways.
New innovations are also redefining CDR. About 30% of new projects now use methods such as advanced soil carbon storage, bio-oil injection, and marine carbon removal, which can store CO₂ for hundreds or even thousands of years.
Digital MRV platforms are also transforming the space, offering real-time tracking to boost transparency, prevent fraud, and speed up purchase decisions. Meanwhile, integrated projects like agroforestry, regenerative agriculture, and biodiversity restoration are gaining traction for their multi-benefit environmental impact.
Environmental Benefits of Biomass CDR
Biomass approaches like biochar and BECCS offer cost-effective solutions, often ranging from $80–$200 per ton.
These methods work within a circular economy model — repurposing agricultural and forestry waste into long-term carbon storage. BECCS delivers a dual benefit by producing renewable energy while storing CO₂ underground.
However, without strict MRV protocols, poorly managed biomass projects risk deforestation or biodiversity loss. Global removal capacity is still only 41 million tons CO₂/year, yet it needs to grow 25–100x by 2030 to meet climate goals.
Market Segmentation
By technology: DAC, afforestation & reforestation, soil carbon sequestration, BECCS, ocean-based CDR, and enhanced weathering.
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DAC, holding 67% of global revenue in 2023, is set for the fastest growth thanks to flexible deployment and industrial CO₂ utilization.
By application: Consumer products, energy, transport, and industrial sectors.
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The industrial sector leads due to rising emissions from cement, steel, and chemicals.
CDR Buyer Trends in 2025
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Financial services firms led in the number of unique buyers, while technology companies dominated purchase volumes with over 50 million credits bought so far.
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Half of all buyers in early 2025 were first-time participants, collectively purchasing around 6 million credits which is a promising sign of market expansion.
Market Momentum and Future Projections
The CDR market hit $3.9 billion in Q2 2025, with biomass projects making up 99% of transactions. Microsoft continues to drive momentum by locking in long-term purchase agreements that help projects scale.
Market forecasts suggest CDR’s value will grow from $842 million in 2025 to $2.85 billion by 2034, while durable carbon credits could soar to $14 billion by 2035, growing 38% annually.
Rising buyer expectations — around permanence, transparency, and quality — are further reinforced by new regulations, particularly in Europe, pushing out low-integrity credits.
Opportunities and Challenges Ahead
The CDR market stands to benefit from government-backed carbon incentives, increasing demand for carbon credits, and the potential to create new jobs in sectors such as farming, engineering, and construction. However, its growth faces hurdles, including limited public awareness of CDR’s advantages and the risk of political instability slowing adoption.
What’s Next for Carbon Dioxide Removal?
The market is at a turning point. Experts predict a blend of nature-based and durable removals, with the latter gaining ground toward 2050 as quality demands rise. The future will rely on smarter investments, high-fidelity data tracking, and clear global standards.
Corporate leaders like Microsoft are already showing the way — proving that transparency, permanence, and innovation will define the next era of climate action.
- READ MORE: MOL Becomes the First Japanese Shipping Firm to Retire Tech-Based CDR Credits Through NextGen
The post CDR Credit Sales Hit Record High, Powering Market Growth in 2025 appeared first on Carbon Credits.
Carbon Footprint
Toyota’s (TM Stock) Q1 Twist: Why Profits Dip But Hybrids Surge, and Net Zero Goals Accelerate
Toyota Motor Corporation reported a sharp drop in earnings for the quarter ending June 30, 2025. Net profit fell 37% to ¥841 billion ($5.7 billion), down from ¥1.33 trillion a year earlier. This marked one of the steepest quarterly declines in recent years. Revenue, however, rose 3% year-over-year to ¥12 trillion ($82 billion), supported by strong demand in North America and Asia.
The primary drag came from new U.S. tariffs of 15% on Japanese car imports, which reduced profit by an estimated ¥450 billion. Higher costs for raw materials and a stronger yen hurt overseas earnings. Global inflation also impacted the results.
Toyota has revised its full-year operating profit forecast downward to ¥2.66 trillion ($18 billion). This speaks of a more cautious outlook for 2025. Analysts say the biggest automaker is keeping strong sales. However, profit margins face pressure from outside economic factors.
Amid the financial hiccup, the company reaffirmed its commitment to climate leadership. It aims for carbon neutrality with strong emissions targets, green manufacturing projects, and renewable energy investments. This effort is part of its Environmental Challenge 2050 framework.
Hybrids Take the Wheel as Sales Defy the Downturn
Global vehicle sales for the quarter reached 2.4 million units, up from 2.2 million a year ago. Toyota’s sales in North America rose nearly 20% in July. This boost came from its hybrid models, like the RAV4 Hybrid and Camry Hybrid, which both showed double-digit growth.
Hybrid and plug-in hybrid models make up over one-third of Toyota’s total sales. This shows how important electrified powertrains are becoming in the company’s lineup.
Battery electric vehicle (BEV) sales, while still a smaller portion, increased steadily in markets with expanding charging infrastructure.
Toyota stayed on top in Japan and Southeast Asia. This was thanks to its compact cars and commercial vehicles. However, European sales dipped a bit due to tougher emissions rules and strong competition from local EV brands.
Toyota’s share price fell about 1.6% following the earnings announcement, as tariff concerns weighed on investor sentiment. Even with this dip, the stock still looks good. Its forward price-to-earnings (P/E) ratio is 6.9. That’s lower than the industry average of 8.0 and Toyota’s five-year average of 9.3.
Driving Toward 2050: Toyota’s Net Zero Roadmap
Toyota has set a long-term target to achieve carbon neutrality across the entire life cycle of its vehicles by 2050. This goal covers emissions from all stages: vehicle design, production, use, and recycling. It also includes emissions from suppliers and logistics partners.
In its latest sustainability report, Toyota reported its Scope 1 and Scope 2 greenhouse gas emissions. These emissions, from direct operations and purchased electricity, reached around 2.05 million metric tons of CO₂e in FY 2024. This shows a 15% drop from FY 2019 levels. The company aims to cut these emissions by 68% by 2035, using 2019 as the baseline year.
For Scope 3 emissions, which account for most of Toyota’s footprint, targets are set. By 2030, Toyota aims for a 30% reduction from suppliers, logistics, and dealerships. They also seek a 35% cut in average vehicle-use emissions. These goals account for the fact that tailpipe emissions from vehicles remain the single largest part of the company’s climate impact.
Globally, Toyota is investing in solar, wind, hydrogen, and renewable natural gas to power its factories. It has also joined multiple international coalitions to accelerate low-carbon manufacturing and logistics.
The largest carmaker is investing a lot in renewable energy. They plan to use 45% renewable electricity in North America by 2026. By 2035, they aim for 100% renewable energy at all global plants.
Projects include:
- Large-scale solar panel installations at assembly plants
- Hydrogen-powered forklifts
- Renewable natural gas systems at engine facilities.
The company’s approach combines electrification with manufacturing decarbonization. This includes hybrids, battery electric vehicles (BEVs), and hydrogen fuel cell vehicles.
Toyota’s leaders think this multi-pathway strategy will reduce emissions quickly. This is especially true in areas where full BEV infrastructure is still growing. It also helps ensure steady progress toward the company’s 2050 carbon neutrality goal.
In summary, the company’s near-term reduction targets are:
- 68% reduction in Scope 1 and 2 emissions by 2035 (compared to 2019 levels).
- 30% cut in Scope 3 emissions from suppliers, logistics, and dealerships by 2030.
- Matching 45% of electricity use with renewables in North America by 2026.
Environmental Challenge 2050: Six Pillars of Action
Toyota’s Environmental Challenge 2050, launched in 2015, remains its guiding framework for sustainability. The initiative is built on six core challenges:
- Zero CO₂ emissions from new vehicles through hybrid, BEV, and hydrogen fuel cell adoption.
- Zero CO₂ emissions in manufacturing by shifting to renewable energy and low-carbon processes.
- Life cycle zero CO₂ emissions, including recycling and parts reuse.
- Minimizing water usage and improving water discharge quality.
- Protecting biodiversity around manufacturing sites and supply chains.
- Advancing a circular economy by extending product lifecycles and reducing waste.
Toyota aims to sell 1.5 million BEVs annually by 2026 and 3.5 million by 2030, alongside continuing hybrid and fuel cell development. This multi-path approach allows the company to meet varying customer needs and infrastructure readiness levels worldwide.
Green Manufacturing: Major Investments in Low-Carbon Plants and ESG
Toyota’s largest new sustainability investment is a ¥140 billion ($922 million) advanced paint facility in Georgetown, Kentucky. Set to open in 2027, the plant will reduce paint shop carbon emissions by 30% and cut water use by 1.5 million gallons annually.
In Japan, Toyota is piloting hydrogen-powered forklifts and solar-powered assembly lines. The company will use 100% renewable electricity for its manufacturing in Europe by 2030.
These projects reduce environmental impact and boost operational efficiency. They support Toyota’s goals of sustainability and profitability.
Beyond emissions, Toyota is strengthening its broader ESG performance. The company has strict human rights rules for suppliers. These rules include labor conditions, conflict minerals, and environmental compliance. By 2030, Toyota aims for 90% of its top suppliers to set their own science-based emissions targets.
In 2024, Toyota diverted 94% of waste from landfills globally and recycled over 99% of scrap metal from manufacturing. It also invested in reforestation projects in Asia and Africa as part of its carbon offset strategy.
Balancing Short-Term Pressures With Long-Term Goals
The April–June quarter highlighted Toyota’s resilience in the face of macroeconomic challenges. Tariffs and currency changes have hurt short-term profits. However, strong vehicle sales, especially in hybrids, keep the company competitive.
At the same time, Toyota is moving ahead with one of the most thorough sustainability programs in the auto industry. Its carbon neutrality goals and the Environmental Challenge 2050 framework guide its actions. Also, large-scale green manufacturing investments help meet the growing demands for cleaner mobility from regulators and consumers.
As Toyota navigates market volatility, its ability to deliver both financial and environmental strategies will be key to maintaining global leadership in the shift toward sustainable transportation.
The post Toyota’s (TM Stock) Q1 Twist: Why Profits Dip But Hybrids Surge, and Net Zero Goals Accelerate appeared first on Carbon Credits.
Carbon Footprint
JOBY Aviation Stock Soars on Blade Acquisition and Electric Air Taxi Commercial Launch Plans
Joby Aviation Inc. (NYSE: JOBY) is closing in on its dream of launching electric air taxis. The California-based company has spent years building its all-electric, vertical take-off and landing (eVTOL) aircraft, designed for fast, quiet, and convenient city travel.
Air Taxis: The Future of Fast, Clean, and Congestion-Free Urban Travel
Air taxis are small electric or hybrid aircraft that take off and land vertically, ideal for short city hops, airport transfers, and reaching remote areas. Target users include executives, business travelers, and emergency services. Countries like the U.S., Germany, and the UAE are investing heavily in supporting infrastructure.
A report highlighted that the global air taxi market, valued at USD 1.32 billion in 2024, is projected to hit USD 7.74 billion by 2033 at a 21.72% CAGR, driven by eVTOL technology, urban mobility demand, and congestion-free travel needs.
Growth is fueled by advances in batteries, lightweight materials, and electric propulsion, making aircraft cleaner and more efficient, plus worsening city traffic that air taxis can bypass—cutting multi-hour trips to just 15–20 minutes.
This August, Joby made a series of bold moves that pushed it closer to commercial operations, from a high-profile acquisition and defense partnership to major FAA progress and manufacturing growth. Investors noticed, sending the stock near record highs.
Blade Deal Unlocks Instant Market Access and Growth
One of the month’s biggest headlines came on August 4, when Joby announced plans to acquire Blade Air Mobility’s passenger business for up to $125 million in cash or stock.
The deal is a game-changer. Blade brings premium infrastructure, including dedicated terminals at major New York airports and a strong presence in Southern Europe. More importantly, it comes with a loyal customer base — more than 50,000 passengers flew Blade in 2024.
By absorbing Blade’s passenger operations, Joby gains instant market access without the time and expense of building from scratch. The acquisition is expected to slash infrastructure costs, speed up customer acquisition, and put Joby ahead of competitors in key urban corridors.
The transaction is set to close in the coming weeks, pending customary approvals. Once complete, Blade’s passenger services will continue under Joby’s ownership, setting the stage for a smooth integration.
- READ MORE: Boosting Aviation Carbon Credits: ICAO Greenlights Verra’s VCS Program for CORSIA Carbon Market
Defense Partnership Opens a New Revenue Stream
Joby revealed another major move, a collaboration with defense contractor L3Harris.
The partnership will develop a gas turbine hybrid variant of Joby’s existing eVTOL aircraft for low-altitude defense missions. The design aims to combine Joby’s manufacturing expertise with L3Harris’ deep defense technology capabilities.
Flight testing is set to begin this fall, with operational demonstrations planned during government exercises in 2026.
This venture signals Joby’s ambition to be more than just a commercial passenger service. By stepping into the defense sector, Joby diversifies its revenue streams and showcases its aircraft’s versatility for both civilian and military use.
FAA Certification Moves Into Final Stages
On August 6, Joby shared a crucial regulatory update. It has started final assembly of its first FAA-approved electric air taxi, a major step toward Type Inspection Authorization (TIA) flight testing. This stage needs FAA-approved test plans, a certified design, and proven manufacturing — all of which Joby has achieved, with over 50% of its test plans already accepted.
The aircraft, developed over years of testing, will fly with Joby pilots in 2025, followed by FAA pilots. Structural and systems tests have confirmed its strength and readiness.
Joby’s in-house design and manufacturing have boosted development and improved quality. With new facilities in California and Ohio, backed by Toyota, the company will soon be able to build up to 24 aircraft a year.
Cash-Rich and Backed by Toyota, Joby Eyes Massive Growth Ahead
- Joby’s balance sheet is strong, ending Q2 2025 with $991 million in cash, cash equivalents, and marketable securities.
The company also closed the first $250 million tranche of a $500 million strategic investment from Toyota, one of Joby’s largest and most influential partners.
For 2025, Joby expects to use between $500 million and $540 million in cash, excluding the Blade acquisition. Revenue remains small, just $59,600 expected for Q2, but growth projections are huge, with a forecasted 900% year-on-year increase from a low base.
JoeBen Bevirt, founder and CEO of Joby, said,
“This is a pivotal moment. Regulatory progress around the world is unlocking market access, our commercialization strategy is taking hold, and we’re now focused on scaling production to meet real demand—a challenge we’re fully committed to and working hard to deliver on.”
JOBY Stock Surge Reflects Growing Investor Confidence
Joby’s recent string of announcements sent its stock soaring. In the past month alone, shares have jumped more than 70% due to heavy trading. Year-to-date, the stock has risen 142%, surpassing its market capitalization of $14 billion.
However, volatility remains. Analyst price target changes and insider sales have caused swings, but the long-term outlook hinges more on regulatory milestones than short-term earnings.
Manufacturing Expansion Doubles Output
To meet growing demand, Joby expanded its Marina, California, manufacturing facility to 435,000 square feet. This upgrade will double production capacity to 24 aircraft per year.
Meanwhile, its newly renovated Dayton, Ohio, site is ramping up to produce and test key aircraft components. Over time, Dayton could scale to build up to 500 aircraft annually, making it a cornerstone of Joby’s manufacturing strategy.
International Partnerships Boost Global Reach
Joby is not just looking at U.S. cities. The company also announced an expanded partnership with ANA Holdings in Japan.
The two companies plan to deploy over 100 Joby air taxis starting in Tokyo, creating an urban air mobility ecosystem complete with dedicated vertiports and operational support. The partnership will leverage Toyota’s network and government cooperation to fast-track development.
Joby also signed new agreements with Abdul Latif Jameel and ANA to explore deploying approximately 300 aircraft in other markets.
What’s Next for Joby Aviation?
With the Blade acquisition, defense partnership, FAA certification progress, and global expansion, Joby is executing on multiple fronts at once.
The next 12 months will be critical. If Joby completes certification on schedule, ramps production, and integrates Blade’s passenger network, it could be one of the first eVTOL companies to operate at scale.
For now, investors are betting big that Joby’s head start, strategic partnerships, and strong balance sheet will translate into a dominant position in the fast-emerging air taxi market.
Joby Aviation isn’t just inching toward launch; it’s accelerating. From New York to Dubai to Tokyo, the pieces are falling into place for a global eVTOL network. If all goes according to plan, 2026 could be the year flying taxis move from concept to reality.
The post JOBY Aviation Stock Soars on Blade Acquisition and Electric Air Taxi Commercial Launch Plans appeared first on Carbon Credits.
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