C GLOBAL · Çekirdek Global

ESG Financial Intelligence · Issue 10

Spent or committed?

Five signals from the last 72 hours — from a ≈US$6M airline carbon-credit bill to ≈US$850M of battery-storage financing.

Published Covers 14 Oct 2026 – 17 Oct 20265 signals

01$11.7M

Carbon removal

Frontier buyers sign US$11.7 million carbon-removal offtake with 44.01 in the UAE

A first-of-a-kind rock-mineralisation project gets a multi-year buyer commitment — ≈ US$559 per tonne, committed value, not cash paid.

Directly reported
02≈$850M

Energy storage

Flatiron Energy closes approximately US$850 million financing for 1,200MWh Energizar battery project

Construction and term loans, preferred equity and tax-credit transfers are stacked to fund a grid-scale battery in Massachusetts.

Directly reported
03$20M

Loss & damage

UN loss-and-damage fund set to propose US$20 million for Nepal flood recovery

The Fund for Responding to Loss and Damage could make its first allocation tied to a specific climate disaster — if the board approves on 22 October.

Directly reported
04≈$6M

Aviation compliance

Ethiopian Airlines spent approximately US$6 million on carbon credits in FY2025/26

The CEO expects the bill to rise: carbon compliance is turning into a recurring operating cost for a major African carrier.

Directly reported
05>$30M

Carbon credits

Gevo signs three-year carbon-removal supply deal through 2029 — and cites a $30M+ revenue target

The deal's price is undisclosed; the headline figure is the company's annual revenue objective for its carbon business, not the contract value.

Financial context

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