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6 differences between forestry and soil carbonoffsets. Carbonoffsets are a big, confusing topic. In two VERGE 20 sessions, experts dived deep into the specifics of soil carbon credits and forestry carbon credits. Here are six differences between these two popular types of carbonoffsets. .
Apple creates $200 million fund for nature-based climate solutions. Nature-based solutions to climatechange are having a moment, and Apple is riding the trend with a $200 million fund dedicated to related investments. . A Vox article highlighted that "buying offsets is something anyone can do if they have the money."
Thanks to the rise in plastics pledges, an emerging and undefined market for plastic offsets is just beginning to take shape. And, much like the market for carbonoffsets, it’s messy. . Featured in featured block (1 article with image touted on the front page or elsewhere). Sponsored Article. Given that U.S.
Beyond raising funds, the foundation aimed to raise awareness about the potential for digital technologies to address climatechange, as well as their potential negative impact. For instance, carbonoffsets. Energy & Climate. Featured in featured block (1 article with image touted on the front page or elsewhere).
In May, the World Resources Institute warned of regenerative ag’s " limited potential to mitigate climatechange." If so, should we be building an offsets market around soil credits? This article was adapted from the GreenBiz Food Weekly newsletter. Sponsored Article. Food & Agriculture. Alternative Protein.
In an open letter to its clients, HSBC CEO Noel Quinn said the bank had been motivated to ramp up its environmental ambition by customer concern about climatechange. "We It also said it would work with the broader finance sector to create a standard to measure financed emissions and support a functioning carbonoffset market.
These offsets have been heralded as a means of protecting and growing the world’s remaining forests, and of addressing climatechange. But offsets aren’t delivering. The first company will have a much larger effect on tackling climatechange, given that most offsets are currently not delivering climate benefits.
This article originally appeared in the State of Green Business 2021. body, set a course for airlines to offset emissions of international flights above a 2019-20 baseline. The sooner that the costs of carbon control are included in the costs of doing business, the sooner new technologies will be developed. Sponsored Article.
I was paid by Shell for this work but not to write this article, which has not been reviewed by the company.) CORSIA has helped catalyze a new generation of biofuels and carbonoffsets, the two primary tools for reducing the aviation industry’s contribution to climatechange. Leisure travel was down even more.
degrees Celsius as a result of climatechange, the UN reports that we must collectively achieve climate neutrality by 2050. Here’s what you need to know to get started right now: What Is Climate Neutrality? Climate neutrality must be accompanied by climate adaption and biodiversity strategies.
It’s an effective form of climate action due to the power exerted by advertising on public perception and social norms. The UN’s Intergovernmental Panel on ClimateChange (IPCC) has underscored the importance of reducing demand for flying in the first place, something significantly hindered by adverts that downplay its environmental impact.
Carbonoffset markets have always been complex and controversial instruments to fight climatechange. Reading this article, you will better understand the carbonoffsets market, carbonoffsets controversy and the key initiatives to follow. CarbonOffsets Markets size.
Operational audits and implementation of changes. As an article published by the investment management firm BlackRock Inc. Many companies are weighing significant choices about the future, as this online McKinsey article explores. When it comes to mitigating this risk, much of it comes down to clarity and context in messaging.
Examples of this dynamic include projects such as a hydroelectric plant in Guatemala ( later linked to egregious human rights abuse ) and forest preservation projects in Brazil ; both offered Western companies opportunities to gain carbonoffset credits, but the reality of their impact from a human rights standpoint was less understood. .
DESCRIPTION: Tetra Tech’s Rodrigo Chaparro, senior climate advisor, looks at how the carbon finance options defined at the 2021 United Nations ClimateChange Conference (COP26) can help cut greenhouse gas (GHG) reduction costs for power utilities and large energy consumers. What are the implications of Article 6?
The Fine Print on Carbon Credits The definitions in the federal document take a fairly expansive view of “inefficient” subsidies that “encourage wasteful consumption, reduce our energy security, impede investment in clean energy sources, and undermine efforts to deal with the threat of climatechange,” as the G20 defined the term in 2009.
COP28 could mark a step toward a closer relationship between voluntary carbon markets (VCMs) and compliance markets, depending on Article 6 negotiations on issues such as eligibility on new activities. Article 6.4 The details and rules for operationalising Article 6.4 negotiations in Dubai is vital.
The state's environmental leadership also extends to climatechange mitigation policy. In 2011, enforcement began of the state's low-carbon fuel standard , the world's first. They require the disclosure of climate-related information by most public companies in the U.S.
This is generally a voluntarily self-imposed deadline, usually decades away, by which the institution’s emissions will not necessarily actually reduce to zero, but rather by which they will at least be ostensibly canceled out by carbonoffsets. This article originally appeared in Grist.
How Companies Can Best Address ClimateChange Through Measurements and Accountability Climatechange is already a problem, as anyone who follows the headlines can see. all follow from changing weather patterns. In the battle against climatechange , companies are important actors.
In this article, we’ll explore the impact of AI on carbon emissions and the climatechange crisis. Understanding the Carbon Footprint of AI AI’s carbon footprint can be substantia l. Can AI be used to reduce emissions, and do these benefits outweigh the environmental costs?
DESCRIPTION: Tetra Tech’s Rodrigo Chaparro, senior climate advisor, looks at three Cooperative Approaches as a market-based path toward net zero in advance of the 2022 United Nations ClimateChange Conference (COP27). Japan works with 17 partner countries under the JCM to facilitate uptake of leading low-carbon technologies.
As our world seeks to transition to a low-carbon economy, the demand for land and renewable forest products is on the rise. We believe these resources will play a key role in addressing the impacts of climatechange and the excess carbon in the atmosphere. Department of Energy.
Businesses May Soon Face New SEC Requirements By Chelsea Hicks-Webster As the Earth warms and humans experience the negative impacts of climatechange , investors and society are pressuring companies to react. This pressure has led to a host of standards dictating how companies should report on their carbon performance.
Carbon credit investment is going through an “ethical shakedown,” said Ivan de Klee, the head of natural capital at the U.K.-based There is a “cry for integrity” for real data, rather than modeling-based carbonoffset options, de Klee added. This article was first published by Mongabay. In the U.K.,
This is in contrast to today’s most prevalent climate reporting regime, in which companies tally up the greenhouse gas emissions associated with their own operations, the electricity they buy, and the products they sell to customers — known as Scope 1, 2, and 3 emissions, respectively. This article originally appeared in Grist.
In your company, you might have responsibility for: Preparing a product marketing campaign Shaping net zero strategy Deciding on the company’s affiliations and public positions This article gives you concrete guidance on how to avoid greenwashing in all these areas. This distracts from the urgency of the climate crisis and slows action.
Innovative pilot schemes are attracting interest after failed COP28 negotiations on carbon markets under Article 6 of the Paris Agreement. Despite limited progress on carbon trading rules at COP28 , experts believe recent trial projects will unlock investment opportunities for private investors.
Sustainability experts rank climatechange as the top development challenge of our day, along with biodiversity loss, water scarcity, destructive resource extraction, water pollution, and poverty. Pursuing these sustainable energy practices can significantly reduce your carbon footprint. SOURCE: NRG Energy.
We are now at the tipping point of nature-based carbon solutions, says Phil Cohn, Executive Director, Pollination. Investment into nature-based solutions (NBS) must play a critical role in mitigating the twin crises of climatechange and nature loss. Leveraging the voluntary carbon market. billion by the end of this year.
In this article, we make the case that the social innovation field deserves more concerted investment and collective action to create the conditions that can unleash the best ideas for social transformation. Finally, investing in novel ways to measure the impact of social innovation will support efforts to tell our story.
By using plant-based products, ALOHA reduces carbon emissions and water waste while minimizing agricultural land use and mitigating climatechange. Building on its commitment to sustainability, ALOHA is beginning the process of obtaining climate neutral certification.
How Companies Can Center Most Affected Communities in Climate Action Work (Photo by Rodrigo Flores on Unsplash ) With the future of our planet under threat, more business leaders are taking action on climatechange. To guide Certified B Corporations and other sustainable businesses on this climate justice work, B Lab U.S. &
The social sector is not the first sector to grapple with measurement—fields like health care, genetic research, and climatechange share similar complications: highly differentiated participants, infinite combinations of interventions, complex outcomes, and lots of exogenous variables. ClimateChange: Carbon Registries.
Increased use of carbonoffsets by corporates among drivers of future market expansion. Two new reports predict strong growth in the voluntary carbon market (VCM) this year as increasing numbers of companies globally set carbon neutrality and other climate goals that will rely partly on use of carbonoffsets.
In this article, I’ll summarise key events defining 2022 and present four sustainability trends that will prepare you to create an impact in 2023. As I wrote in my article , the many sustainability frameworks suck companies’ resources and confuse stakeholders. 2022 Sustainability Summary.
Eron Bloomgarden, Founder and CEO at non-profit Emergent, noted the urgency of climate risks, with the world increasingly likely to miss the 1.5°C Under Article 6, countries can transfer carbon credits earned from the reduction of greenhouse gas emissions to help one or more countries meet climate targets.
So here you have the most boring article I had written up to now: a sustainability Jargon dictionary. Since this jargon can be a bit overwhelming, I decided to create this Sustainability Jargon Dictionary to allow you to talk to other people about ClimateChange and other sustainability topics in a language they can understand.
Its primary purpose is to assess the collective progress of signatory countries in addressing climatechange and limiting global warming to well below 2°C above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5°C. The CfRN is an intergovernmental organisation that was established in 2005.
The ASA could therefore consider complaints under the social responsibility rules contained in the CAP Code in light of the “increased focus on the role of consumer behaviour change to achieve net zero targets. It differs among jurisdictions and may also differ among sectors.
How to Set Business Targets That Help Address ClimateChange (Photo by Andreas Gücklhorn on Unsplash ) This article by Matthew Lynch , Rob Klassen , and Chelsea Hicks-Webster is part of “ The Basics ” series by the Network for Business Sustainability (NBS) that provides essential knowledge about core business sustainability topics.
As media investigations reignite the debate on the viability of carbonoffsets, academics argue for wider stakeholder engagement and changes to carbon accounting approaches to build robustness. Greta Thunberg said it showed “the ugly truth of carbonoffsetting”.
Further, no companies disclosing from G20 countries had more than a 4% disclosure rate against the 24 key indicators in the CDP questionnaire relating to climate transition plans. Corporate strategies verified by the Science Based Target initiative (SBTi) can only rely on carbonoffsetting for 5-10% of their total emissions.
Social impacts on local communities can make or break carbon sequestration projects. The prime purpose of voluntary carbon markets (VCMs) is to limit climatechange, by allocating capital to projects that offset, remove or avoid emissions through the generation and sale of credits.
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