Battery giant CATL and tech leader Tencent have joined a Singapore-based coalition including Mitsubishi and Vale to finance 10 million tonnes of high-quality carbon credits by 2030. This move aims to stabilize the voluntary carbon market during a period of declining prices and trading volumes. The initiative reflects a broader shift in climate finance, where major corporations are moving away from casual offsetting toward long-term partnerships focused on scientific rigor and high-integrity verification systems to meet net-zero goals.
