Carbon Updates- Week 12

🌿 In the World of Carbon Markets: India launches market infrastructure: India’s Ministry of Power launched the Indian Carbon Market Portal at Prakriti 2026 in New Delhi on March 21, 2026. The PIB said it is the central platform for implementing and administering the Indian Carbon Market, with nine methodologies already notified and nearly 490 obligated entities across seven energy-intensive sectors covered by emission intensity targets. This matters because the government is moving carbon markets from policy intent to operating infrastructure, with digital administration and compliance design now visible. This suggests India is building long-term market depth around transparency, credibility, and execution capacity.

🌱 In the World of Carbon Markets: India’s removals scale comes into focus: An analysis said India could supply up to 30% of global carbon dioxide removals by 2050, mainly through soil carbon sequestration, biochar, and regenerative agriculture on agricultural lands. It also said scale will depend on supportive policy, stronger MRV, and financing, while soil carbon and biochar pilots with smallholder farmers are already active in voluntary carbon markets. This matters because India’s removal potential is large enough to shift global supply expectations if policy and verification improve. Expect more attention on Indian-origin credits as buyers look for affordable, high-volume removals.

🏛️ In the World of Carbon Markets: Canada creates public CDR demand: Canada will procure at least $7 million, or CAD 10 million, in carbon dioxide removal credits through a new Request for Standing Offer. Eligible pathways include DACCS, BECCS, biochar, other biomass carbon removal and storage, and enhanced mineralization, with contracts running to March 31, 2029 and projects required to be located in Canada. This matters because a national government is creating structured demand with a clear pathway, eligibility, and procurement rules. That likely means stronger market confidence for Canadian CDR developers that can compete on technical merit and price.

📈 In the World of Carbon Markets: ClimeFi opens major durable RFP: ClimeFi said on March 18, 2026 that it launched a Beyond 2030 RFP for durable carbon removal on behalf of multiple corporate buyers. The process targets 100,000 to 500,000 tonnes of total durable CDR commitments, accepts pathways with permanence of 200 years or more, closes submissions on April 8, 2026, and will notify shortlisted suppliers in June 2026. This matters because buyers are signaling forward demand for durable removals at meaningful scale and with explicit permanence thresholds. Net-net, this should help developers plan around clearer volume expectations and procurement timelines.

🛣️ In the World of Carbon Markets: Biochar enters road applications: ClearBlue Markets said Verde Resources and Biochar Solutions agreed to use engineered biochar in road construction, with a supply of up to 38,500 tonnes a year for BioAsphalt. About half is expected to qualify depending on verification, implying around 19,000 tonnes of CO2 stored per year and roughly 19,000 carbon credits annually, while a pilot with Auburn University generated eight verified carbon credits. This matters because it ties carbon storage to physical infrastructure rather than a standalone offset claim. This suggests infrastructure-linked removals could gain traction where durability and measurable annual credit volumes matter to buyers.