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

Carbon Industries Group Ltd, a prominent carbon project developer headquartered in Hong Kong and led by its dynamic CEO, Hilde Watty, has made headlines by signing two significant climate cooperation agreements with the Government of Senegal. These agreements strategically position Carbon Industries Group as a rapidly emerging player within the global carbon credit market, especially concerning Article 6 mechanisms outlined in the Paris Agreement.

Senegal’s Role in International Carbon Markets

Senegal is increasingly positioning itself as an active participant in the international carbon market landscape. The nation has entered into bilateral cooperation on Article 6.2 carbon credits with several partner countries, including Switzerland, Singapore, and Norway. Given this context, the newly forged project agreements are subject to stringent national and international frameworks that dictate authorisation, accounting, and reporting. A particular emphasis is placed on implementing corresponding adjustments to avoid the double counting of emissions reductions, an essential aspect in maintaining the integrity of carbon markets.

Collaboration for Large-Scale Emission Reduction Projects

Under the newly signed agreements, Carbon Industries Group is set to work hand-in-hand with Senegalese authorities to develop and implement large-scale emissions reduction initiatives. Pending verification, registry approval, and issuance, the resultant carbon credits will be marketed internationally in accordance with the rules established by the Paris Agreement.

Mangrove Restoration and Blue Carbon Projects

The first of these agreements, formalised through a Protocole d’Accord, focuses on the restoration of approximately 32,000 hectares of mangroves in collaboration with Senegal’s Aire Marine Protégée authorities. These mangrove restoration efforts will produce blue carbon credits, which are gaining traction among corporates and institutions that prioritize nature-based climate solutions.

Analysts have deemed this initiative one of the most substantial blue carbon commitments presently unveiled in West Africa. Based on standard sequestration assumptions over a 22-year crediting period, projections anticipate revenues nearing USD 550 million under conservative pricing assumptions, with the potential to soar up to USD 800 million in a more favorable market.

Biodigester Deployment in Senegal

The second agreement represents a memorandum of understanding with the Programme National de Biogaz domestique du Sénégal (PNB SN), the nation’s biodigester program, launched under the Ministry of Energy. This agreement outlines the phased deployment of 27,000 household biodigesters over a stipulated ten-year period.

The PNB SN enjoys comprehensive institutional support from the Senegalese government, which provides a clear national mandate for the implementation, monitoring, and reporting of these projects. As stipulated in the agreement, Senegal retains a predetermined share of the resulting carbon credits for inclusion in its national emissions reporting, while authorized mitigation outcomes are also eligible for international transfer under Article 6.2, subject to necessary adjustments.

Given that Article 6–authorized credits are integrated within national accounting frameworks and regulatory oversight, they offer a premium compared to non-authorized voluntary credits. Market participants suggest that such structures greatly enhance the value of these credits, especially where government participation and transparency help mitigate counterparty risks and reinforce the integrity of transactions.

Over the entirety of the implementation period, the biodigester initiative is projected to yield around USD 80 million in a conservative pricing scenario, with the potential to rise to USD 190 million under advantageous market conditions.

Navigating a Constrained Carbon Credit Market

These agreements come at a pivotal time when global demand for high-quality, government-backed carbon credits is on the rise, while supply remains limited due to lengthy development cycles, convoluted certification processes, and a scarcity of scalable execution models. Projects that align with Article 6 are particularly rare, hampered by regulatory intricacies and the necessity for close collaboration with host governments.

By securing early-stage cooperation with Senegalese authorities, Carbon Industries Group is strategically positioning itself at the crossroads of climate finance, government-backed carbon markets, and large-scale project implementation.

Leadership and Strategic Partnerships for Growth

At the helm of Carbon Industries Group is Hilde Watty, who previously founded and expanded an international high-net-worth matchmaking firm based in London before successfully selling the business after more than a decade of operations. In recent years, Watty has shifted her capital and strategic focus towards climate finance and carbon markets.

To facilitate project execution and enhance international coordination, the company has established a partnership with Sam Warburton, the former Head of Carbon at STX Group, a global environmental commodities trader. Warburton, now an equity stakeholder in Carbon Industries Group, will oversee government coordination, registry engagement, and project development activities.

Should both Senegalese projects successfully navigate verification and issuance processes, Carbon Industries Group stands to establish a multi-year revenue foundation exceeding USD 500 million. This move would position the company among a new generation of climate finance firms operating at the intersection of public policy and private investment.

Despite the operational and regulatory challenges associated with large-scale climate initiatives, these agreements highlight Senegal’s burgeoning role in the international carbon market while underscoring Carbon Industries Group as a noteworthy entity in the expanding global carbon credit economy.

How AI legalese decoder Can Help

Navigating legal agreements and international regulations can be complex and daunting. AI legalese decoder can be instrumental in simplifying the intricate legal language often found in climate cooperation agreements. By breaking down legal jargon into plain language, it enables companies like Carbon Industries Group to focus on their core mission of climate mitigation and project execution rather than getting bogged down in the details of legal compliance.

Utilizing AI legalese decoder allows stakeholders to better understand the mechanisms surrounding Article 6 credits, ensuring that all parties are on the same page regarding their obligations and rights. This can enhance project efficiency, streamline communication, and ultimately contribute to successful project outcomes.

About Carbon Industries Group

Carbon Industries Group Ltd, founded by CEO Hilde Watty, actively develops impactful climate projects and innovative products that generate certified carbon credits. The firm aims to create effective, scalable solutions that significantly reduce global emissions while restoring ecological systems and supporting local communities. Unlike traditional product firms, Carbon Industries Group manages the entire lifecycle of a climate solution—from conceptualization to measurable impact.

Their work involves designing, engineering, testing, producing, and deploying project systems that directly reduce CO₂ emissions. Each product contributes to a broader environmental model that yields measurable, verifiable, and marketable carbon credits.

Contact Information

Website: Carbon Industries Group

Contact Person:
Hilde Watty
Carbon Industries Group Ltd
Email: [email protected]

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