Remove 2023 Remove Carbon Offsets Remove Decarbonize
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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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H&M Warns Against Use of Carbon Offsets in SBTi’s Climate Target Standard

ESG Today

The organization launched its flagship Corporate Net-Zero Standard in 2021 , used to assess and certify companies’ decarbonization commitments to achieve net zero emissions and to act as a blueprint for companies’ science-based climate target setting.

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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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A Science-Based Determination: The Fastest Path to Decarbonizing Buildings Is a Digital Technology-First Approach

3BL Media

With 37% of global CO2 emissions coming from buildings, it is crucial that buildings are decarbonized in the race to meet science-based climate targets. The most significant opportunity to accelerate carbon reduction in the building sector is to retrofit existing buildings. It’s the fastest path decarbonizing buildings.

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U.S. Building Performance Standards in 2023 and Beyond

3BL Media

Over the past decade, these mandatory Building Performance Standards (BPS) policies have gained momentum, as an increasing number of local jurisdictions act to mitigate climate change impacts and support building decarbonization. In 2023, 10 more local jurisdictions across the country joined the growing list of BPS implementation.

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Commitment to Customers, Transparency, and Decarbonization

3BL Media

Third, we recognize that recent acquisitions – including Direct Energy in 2021 and Vivint Smart Home in 2023 – have broadened NRG’s business activities beyond electricity generation. We actively monitor various options to reduce the carbon intensity of our operations and the electricity we provide to our customers.

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Major report casts uncertainty over carbon-offset market

Corporate Knights

The world’s leading authority on corporate climate plans has dealt a blow to the carbon-offset industry, signalling that it objects to corporations using carbon credits in place of emission reductions in their own supply chains. It certified the climate plans of 4,200 companies by the end of 2023, double the number from 2022.