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Long-Term Carbon Offsets Outlook 2023

3BL Media

Originally published on bloomberg.com A turbulent year hasn’t thrown off the long-term prospects for the carbon offset market, which could be valued at half a trillion dollars annually by 2050. Demand will rise into the billions of tons of carbon dioxide equivalent within the next decade as companies work toward net-zero goals.

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EU Parliament Proposes Ban on Green Claims Based Solely on Carbon Offsetting

ESG Today

The new rules form Parliament’s negotiating position on the EU Commission’s proposed “Directive on Green Claims” released in March 2023. One of the new requirements proposed by the EU Parliament is to include in the rules a prohibition on green claims such as “carbon or climate neutrality” that are based solely on carbon offsetting schemes.

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Delivering Tangible Climate Action Through the Circular Economy

3BL Media

Additional ways to reduce your carbon footprint While reduce emissions is always the goal, sometimes it’s necessary to look at additional ways to reduce your carbon footprint. Carbon offsetting is a tangible way for businesses to take responsibility for their carbon emissions.

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H&M Warns Against Use of Carbon Offsets in SBTi’s Climate Target Standard

ESG Today

The decision could potentially have a significant impact on the markets for energy attribute certificates, such as carbon credits, extending their use by thousands of companies globally.

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Lyft plans to electrify all of its cars by 2030

GreenBiz

Two years ago, Lyft launched a program to buy carbon offsets for all of the rides organized on its network. Under the bill SB 1014, Lyft and Uber are required to submit electrification plans at the beginning of 2022, with the program beginning in 2023. Lyft followed that up by launching "green mode" on its app.

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Pioneering Offsets and Carbon Removal Technologies To Address Aviation’s Residual Emissions at American Airlines

3BL Media

Originally published in American Airlines' 2023 Sustainability Report Voluntary Carbon Markets Aviation is regarded as one of the sectors that is hardest to abate in terms of climate impact. In early 2024, Graphyte began operating the largest carbon removal facility in the world, its Loblolly facility in Arkansas.

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Cooking the books: The magical math of ‘climate-friendly’ meat

Corporate Knights

In 2023, we purchased carbon offset credits from 16 projects that neutralized approximately 7% of our Scope 3 emissions,” Maple Leaf spokespeople tell Corporate Knights – specifically for products that carry the “carbon zero” marketing label. That includes emissions from animals and meat purchased from suppliers. “In

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