collapse of the carbon market
Is green agenda is dead?
London, November 05, 2025, (Oilandgaspress) ––– multibillion dollar carbon boom that touched almost every large-scale forest on Earth, underpinning the environmental claims of some of the biggest companies in the world. Netflix and Shell were among the companies that bought millions of credits from Kasigau. The market reached more than $2bn (£1.5bn), propelled by a wave of enthusiasm for offsets as a solution to global heating and biodiversity loss. Each credit represented a tonne of CO2 that was not released into the atmosphere from deforestation, theoretically cancelling out emissions from flying, fashion, food and fossil fuels. During the pandemic, leading investment banks formed trading desks for offsets as prices surged from a few dollars to more than $30 a credit for some schemes.
But today, a large part of the money and enthusiasm for these schemes has dried up after a dramatic market collapse. Crucial flaws in the way credits were calculated indicated that the overwhelming majority of forest protection credits approved by Verra, the world’s leading certifier, massively overstated their impact. In 2023, a joint Guardian investigation found that, based on analysis of a significant percentage of the projects, more than 90% of offsets did not represent genuine carbon reductions, according to independent research published by journals including Science, PNAS and Conservation Biology. Another paper, published in Science last month, reinforced the finding that there were deep flaws in the Verra system, and another is expected in the coming months. The Washington-based NGO says two of the previous studies have been “discredited” and declined to comment on the latest Science study. Fragility in the market compounded after the re-election of Donald Trump, as banks and big businesses began rolling back their green commitments.
The market downturn wiped hundreds of millions off the market – and along with it, the funding for a number of projects that actually were successfully slowing deforestation – including the handful that were stopping large amounts of forest loss. Read More
2025 promised a breadth of new research, evaluations, and advancements around how we as a global community can effectively mitigate climate change using all the tools in our toolbox—and it has not disappointed.
One major avenue that we have seen change is through the UNFCCC Article 6.4 Supervisory Body (SBM), a group tasked with developing and supervising the operationalization of the Paris Agreement Crediting Mechanism (PACM), a UN-level international carbon market. Put simply, this body is working out all the kinks to make voluntary climate action effective, affordable, and credible.
Last month, the SBM formally approved a key regulatory document for operationalizing Article 6.4 crediting activities: the non-permanence and reversals standard. Approving this standard represents one step closer towards a fully functioning PACM. Key rules on non-permanence and reversals were determined in the standard, and as such, it has tremendous implications for the eligibility of carbon project developers and other practitioners across the industry.
What does this mean for the voluntary carbon market and nature-based projects? How would this affect nature and the small-holder communities that depend on it? . Read More
The voluntary carbon market is at an impasse. Not the one you think.
Corporate buyers want credits representing real, permanent emissions reductions or removals. They want third-party verification, robust monitoring, clear additionality. Bullet-proof accounting.
The impasse is not that carbon project developers are unable to do these things. The challenge is delivering all of this when the average spot price for a carbon credit is less than seven dollars a ton. At today’s prices, it’s just a tough business model.
Consequently, demand could significantly outstrip high-integrity supply between now and 2050. This isn’t good timing. Climate resilience requires more investment, immediately, in technological breakthroughs in carbon removal, safeguarding carbon sinks, and ramping up carbon sequestration. But credit providers point to systemic barriers including accessing capital, high costs of project development relative to credit prices, and the risk they take on in a volatile market where credits can take up to a decade to bring to market. Read More
Engie’s third-quarter earnings fell 18%
Solid execution in Renewables & BESS with 55GW of installed capacity and 6 GW under construction as of September 30
Acceleration in PPAs in the 3rd quarter with more than 3 GW of PPAs signed since the start of the year
Expansion in flexible assets across Italy, Romania, and Belgium
Restart of the Doel 4 reactor and final payment made allowing the final closing of the transfer of nuclear waste liabilities in Belgium
Financial performance
EBIT excluding Nuclear at €6.3bn, an organic decrease of 7.3%, in a context of lower energy prices and a strong decline in hydro volumes
High contribution of €477m from the performance plan, securing good earnings momentum for year-end
Strong cash generation with a CFFO1 at €11.4bn
Maintaining a solid balance sheet with economic net debt/EBITDA at 3.2x and economic net debt reduced by €1.4bn to €46.4bn
FY 2025 guidance confirmed with NRIgs2 expected in the upper end of the range of €4.4-5.0bn Read More
More Energy, Oil & Gas Stories !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Victor Cole , victor@oilandgaspress
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