Carbon Industries Group Signs Major Carbon Credit Agreements with Senegalese Government | Currency News | Financial and Business Insights

Hong Kong, Dakar, January 6th, 2026, FinanceWire

Carbon Industries Group Ltd, based in Hong Kong and led by the visionary CEO Hilde Watty, has made significant strides in the fight against climate change by signing two major climate cooperation agreements with the Government of Senegal. These agreements not only underscore the growing relevance of Senegal in the global carbon credit market but also position Carbon Industries Group as a formidable player leveraging Article 6 mechanisms under the Paris Agreement.

Senegal has been assertively engaging in international carbon markets, particularly emphasizing bilateral cooperation on Article 6.2 carbon credits with nations such as Switzerland, Singapore, and Norway. The country’s proactive approach is essential in a landscape governed by stringent national and international frameworks that oversee authorization, accounting, and reporting. Notably, these frameworks include mechanisms to avoid double counting of emissions reductions, which is crucial for maintaining the integrity of the carbon credit system.

Under the newly established agreements, Carbon Industries Group will work closely with Senegalese authorities to spearhead large-scale emissions reduction initiatives. These projects, once verified and approved, have the potential to generate carbon credits that can be marketed globally, adhering to the relevant Paris Agreement stipulations.

Mangrove Restoration and Blue Carbon Projects

The first of the two agreements, formalized through a Protocole d’Accord, is focused on the restoration of about 32,000 hectares of mangroves. This collaboration will take place in conjunction with Senegal’s Aire Marine Protégée authorities. Mangrove restoration is not just an environmental endeavor; it is incredibly lucrative as these projects produce blue carbon credits, which are increasingly sought after by corporations and institutions aiming for sustainable, nature-based climate solutions.

This initiative is being hailed as one of the largest blue carbon commitments announced in West Africa. With a conservative estimation over a 22-year crediting period, the project is projected to yield revenues of about USD 550 million. Depending on market conditions, this figure could surge to USD 800 million, highlighting the substantial economic potential tied to high-quality blue carbon credits.

Biodigester Deployment under Senegal’s National Programme

The second agreement is a memorandum of understanding with the Programme National de Biogaz domestique du Sénégal (PNB SN), the official biodigester program backed by Senegal’s Ministry of Energy. This agreement sets in motion the phased deployment of 27,000 household biodigesters over a decade, establishing a sustainable energy source while contributing to emissions reduction.

Operating with full governmental support, PNB SN brings a clear national mandate to the table for implementation, monitoring, and reporting. Under this agreement, Senegal is set to retain a share of the resulting carbon credits for national emissions reporting. The remaining credits may be transferred internationally under Article 6.2, provided that corresponding adjustments are applied.

The structured approach embedded within Article 6 enhances the credit’s value, as government participation and transparency significantly reduce risks associated with counterparties and integrity. Across the biodigester timeline, the anticipated revenue is expected to reach around USD 80 million, with an upside of up to USD 190 million if market conditions are favorable.

Positioning in a Constrained Carbon Credit Market

These groundbreaking agreements come at a pivotal moment when the global demand for high-quality, government-backed carbon credits is witnessing robust acceleration. Yet, supply remains constrained due to complex certification processes and lengthy development cycles. Notably, Article 6-aligned projects are particularly rare, as they necessitate meticulous collaboration with host governments.

By securing these early-stage agreements with Senegal, Carbon Industries Group aims to position itself at the crossroads of climate finance and large-scale project execution, enhancing its footprint in a burgeoning market.

Leadership and Strategic Expansion

At the helm of Carbon Industries Group is Hilde Watty, a seasoned entrepreneur who previously founded a successful international high-net-worth matchmaking firm in London. After selling that venture, Watty redirected her focus and capital into climate finance and carbon markets, an area ripe with opportunity and necessity.

The company has also joined forces with Sam Warburton, the former head of carbon at the global environmental commodities trader STX Group. Warburton’s experience and insights will be instrumental as he oversees government coordination, registry engagement, and project development, further solidifying the operational framework of the company.

If the Senegal projects successfully navigate the verification and issuance phases, Carbon Industries Group could establish a robust revenue stream exceeding USD 500 million. This would not only cement its position in the climate finance sector but also align it with a new generation of firms focused on harmonizing public policy with private capital in the context of climate solutions.

About Carbon Industries Group

Carbon Industries Group Ltd, spearheaded by CEO Hilde Watty, is dedicated to developing high-impact climate projects and innovative products that yield certified carbon credits. Their mission is straightforward but compelling: create scalable solutions that effectively reduce global emissions while promoting ecological restoration and community support. Unlike traditional product companies, Carbon Industries oversees the entire lifecycle of climate solutions, ensuring that every initiative is purpose-driven and results-oriented.

For more information, visit their website: https://crb.eco/

Contact

Hilde Watty

Carbon Industries Group Ltd

pr@crb.eco