More Blue Carbon, Gas to Energy in Siberia + Insured Biofuels blending USA
A huge variety of new and uniquely high-quality projects have been issued and listed on CTX: While much of the market was snoozing in May, GCR had a banner month. Blue Carbon – Italian Mangroves for only €9.00, newly issued credits from Portugal Agro-Forestry (€30.00); Turkish Hydro ($1.00), North Asian (Siberia) Waste Gas to Energy ($2.00) and OKA insured Biofuels Blending USA ($18.00 neg). 
Insured Credits (Symbol) on CTX
And the lineup of new projects ‘converting’ from other registries is accelerating – low prices, flexible but comprehensive processes for KYC/AML and full 3rd party PDD & MRV reports, it provides a simple and cost-effective approach to project registration, with credits able to be electronically listed for sale on CTX within minutes of issuance.
ITMO Registry – Will Issue Voluntary Credits Immediately
Conversion to ITMO for Qualified Projects with LoA Can Take Place Later.
For CDM projects the challenge is time and cost or face a potential WRITE OFF. Operated by Global Carbon Registry (GCR), the GEM ITMO Registry offers an immediate home for projects who, for many reasons, may face the risks in the chapter below, solved at the lowest cost possible and with rapid transition to the issuance of Voluntary Credits. Project owners /Developers can then progressively assess and convert to Article 6.2 ITMOs later (for only 10 cents per credit), following careful consideration of the time, cost and likelihood of getting an LoA from their Host Nation.
Many Host Nations like China, India and Brazil which have approved hundreds of CDM Projects that have larger volumes (many millions) of CDM CERs, have yet to confirm when, how or if they will issue LoA’s and to which sectors.
This uncertainty poses a great risk for CDM Projects in those or many other nations. Bizarrely, many of the Developed Nations who have failed dismally to either meet their emissions reductions targets or to buy any ITMOs since they signed the Paris Agreement to do so, are now demanding Undeveloped /Development or SMI Nations meet their reduction targets first and only sell ITMO’s they can spare. This hypocrisy makes the Host Nations responsible for the fossil fuels & mining production emissions that those developed Nations import, consume or burn to create the Global Warming problem. As we wrote 2 years ago, https://ctxglobal.com/the-paris-agreement-death-by-a-thousand-cuts/ the so-called major nations ignore their obligations and then impose them on smaller nations.
ITMO Registry: CDM CERs
Last Window for Conversion to UNFCCC Article 6.4 Registry
Hundreds of Thousands CDM CERs on CTX under $1.00 for Scale Buyers.
In case you missed the previous messages, CTX is the only Exchange partner of the UNFCCC CDM Registry, which the UNFCCC announced is closing later this year. Hundreds of projects are hoping to migrate to the new ‘Article 6.4 Registry’, however, it appears that, for the credits to be migrated, they must first be issued, requiring payment of the current CDM Registry fee of USD $0.20 per credit. For some larger or older projects, this could amount to $hundreds of thousands, while the migration costs remain unclear. More importantly the Host Nation is required to undertake a range of operational support activities and provide key documentation, including issuing a Letter of Authorisation (LoA). Recent experience has shown these LoA’s have been increasingly difficult to obtain with politics and government transitions or regulatory requirements often impacting the process. Dealing with this ‘migration’ is costly for projects in time and money, and as the Koko collapse showed risky as well, there does not appear to be any genuine Buy Side Nations demand for ITMOs (Article 6) credits, so many projects are reconsidering incurring further huge costs and simply want to ‘sell their inventory’. But the conversion time is running out fast.
We note that UNFCCC CDM has extended the deadline to transfer to their New Article 6.4 Registry (which doesn’t appear to be live yet) which appears to match the timeline in which CTX will still be able to sell CDM CERs (Dec 31st) or projects can still convert them to ITMO Registry Voluntary (later Art 6.2 ITMO) .
However – to convert to the Art 6.4 Registry CERs must be issued by June 30th and SoP fees paid BY Sept 30th or they cannot convert. (Extract below)
- CDM registry shall be disconnected from the international transaction log (ITL) on 31 March 2026 while maintaining the functions of issuance and cancellation in the registry;
- Submission of requests for issuance of certified emission reductions (CERs) shall be discontinued as of 30 June 2026;
- Submission of requests for transfer of CERs to the Article 6.4 mechanism registry, as well as cancellations of CERs and any other transactions in the CDM registry, shall be discontinued as of 31 December 2026;
- On 1 July 2027, any CERs remaining in pending accounts for which the Share of Proceeds (SoP) has not been paid to cover administrative expenses shall be administratively cancelled;
- CDM Registry shall cease all operations after the Registry Administrator administratively cancels, on 1 July 2027, any CERs for which the SoP for administrative expenses has not been paid.
All ITMOs /Article 6 Credits are originated from projects that can also originate Voluntary Credits.
Definition: ITMOs (Internationally Transferred Mitigation Outcomes) are the official, authorized units transferred under Article 6.2 of the Paris Agreement.
Authorization: For a credit to become an ITMO, the host country must authorize it via a Letter of Authorization (LoA), confirming it won’t be used for their own NDC.
Mechanism Differences:
Article 6.2: Decentralized, bilateral, or multilateral trading of ITMOs.
Article 6.4: A centralized UN-supervised mechanism that issues credits, which become ITMOs only if authorized for international transfer.
Double Counting: Both require a “corresponding adjustment” (CA), where the host country adds the reduction back to its national inventory to prevent the emission reduction from being counted twice.
In addition, there are almost 100 documents needed to complete full transition to this New UNFCCC Article 6.4 Registry being developed by an Australian company.
Current Listings on CTX – 3rd June 2026
Projects of The Month
Global Carbon Registry
Fugitive Gas to Energy (5 SDG’s)
North Asia – USD$2.00
This is a landmark project in the North Asian region. A large-scale industrial decarbonisation initiative at the ZapSibNeftekhim complex in Tobolsk, Siberia, North Asia. It represents a powerful shift from waste to value, capturing previously flared ethane-propane fraction (EPF) and repurposing it as a cleaner energy input to displace natural gas in high-efficiency power generation. The result is a measurable and immediate climate impact, delivering over 3.1 million tonnes of CO₂ reductions across the crediting period, backed by robust, internationally recognised CDM-aligned methodology.
What makes this project particularly compelling is its combination of industrial scale, proven engineering, and real additionality. Historically, excess EPF was flared, an industry-standard but carbon-intensive practice. Through the installation of an advanced gas mixing system and integration into combined heat and power infrastructure, this project transforms emissions into energy efficiency. With continuous operation across 8,760 hours annually and strict monitoring protocols, it offers buyers high-integrity credits rooted in tangible emissions reductions from one of the largest petrochemical operations in Northern Asia.
As GCR continues to expand into strategically important regions, this project signals the arrival of high-quality North Asian carbon supply to the global market. For corporates and traders seeking scalable, credible, and immediately available credits, this is a standout opportunity. With strong industrial backing, transparent MRV, and significant volume, these credits are ideally positioned to meet growing demand for real, defensible decarbonisation outcomes. Now is the time to engage as we bring this next generation of carbon assets to market.
Gold Standard Registry
Safe Water – (4 SDG’s)
Burkina Faso EUR € 7.00
Located in the Nord Region of Northern Burkina Faso, covering Loroum, Passoré, Yatenga, and Zondoma provinces.
This project supports the provision of safe water to hundreds of households, using borehole technology. By providing safe water, the project will ensure that households consume less firewood during the process of water purification and as a result there will be a reduction of carbon dioxide from the combustion process.
Burkina Faso loses nearly 110,000 ha of forest annually, with deforestation driven partly by demand for fuelwood and charcoal. Combined with frequent droughts and desertification, this has worsened water scarcity, leading to poor sanitation and increased waterborne diseases. While safe water points were established, many have fallen into disrepair due to poor maintenance and high costs.
CO2balance rehabilitates 500 boreholes, improving access to clean water, reducing disease risk, and lowering firewood use for purification.
Community-led hygiene training will promote sustainable sanitation practices. By eliminating the need to boil water over inefficient three-stone fires, the project will reduce greenhouse gas emissions and preserve local forests.
Gold Standard Registry
Safe Water – Borehole Rehabilitation – (4 SDG’s)
Coastal Kenya – USD $5.50
The project supports the provision of safe water using borehole technology to hundreds of households within Kilifi County, Kenya. By providing safe water, the project will ensure that households consume less firewood during the process of water purification, and as a result, there will be a reduction of carbon dioxide emissions from the combustion process.
When social-impact developers Griot set out to create a carbon portfolio, back in early 2020, they thought it would be a straightforward way to generate valuable revenue to support an education project they were running with Maasai girls in Kenya – they had no idea what they were in for! …nor what benefits the programme would bring.
“When we first arrived, I remember describing it as like driving across the surface of the moon,” said Griot Managing Director Hywel George, “except with fewer trees!”
Life in the desert can certainly be a challenge.
“Villagers would walk up to 20 km a day to fetch a jerrican of water from a ditch, if they were lucky enough to find any,” Hywel added, “And of course that water would generally be unfit for human consumption.”
But now thanks to the project, over 300 broken down water-points have been restored. The water is clean, regularly tested and chlorinated. Water is now guaranteed in the community for at least five years – with the possibility of the contracts being renewed for up to 15 years.
It has been a similar story in the coastal county of Kilifi. Here Griot has been partnered with Global Health Care provider BUPA, for two of its 300+ boreholes.
High yielding water-points in the communities of Bate and Garashi have been solarized and piping has been added, delivering safe clean water to over 20,000 people, from just two boreholes.
Meanwhile, the Maasai Education programme has continued to grow, with 20 girls now choosing education over FGM and early marriage.
Global Carbon Registry
Small Hydro – (4 SDG’s)
Turkey – US$1.00
This project is a renewable energy initiative that demonstrates the critical role of clean power generation in accelerating the transition to a low-carbon future. Developed by Turka Otelcilik Turizm ve Ticaret A.S., the project is strategically located in Sağpazar Village, Bayat District, Çorum Province, Türkiye, harnessing the region’s natural hydrological resources to generate sustainable electricity without the emissions associated with fossil fuel-based power generation.
Beyond its energy benefits, the project delivers a significant climate impact through the avoidance of greenhouse gas emissions. By displacing electricity that would otherwise be generated from conventional sources, Ulkun-1 is expected to reduce approximately 11,737 tonnes of carbon dioxide equivalent (tCO₂e) each year. Over its 10-year crediting period, the project is projected to achieve total emission reductions of approximately 117,370 tCO₂e.
As a verified carbon project, Ulkun-1 provides high-quality carbon credits backed by transparent monitoring, reporting, and independent verification processes. These credits offer organizations and climate-conscious investors an opportunity to support renewable energy development while contributing to meaningful and measurable global emissions reductions.
The Ulkun-1 Hydroelectric Power Plant stands as a testament to how renewable infrastructure can simultaneously drive economic development, strengthen energy resilience, and deliver lasting environmental benefits. By transforming the power of flowing water into clean electricity, the project creates tangible climate value today while helping build a more sustainable energy future for generations to come.
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Thank you all for your contributions to help save the planet for our future generations.
