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Back in 2019, Etsy launched its first initiative focused on reducing the carbon emissions of its marketplace by introducing carbonoffset shipping. Etsy then works with 3Degrees , a carbonoffset and renewable energy company, to invest in emissions reduction projects such as wind and solar farms or forest protection. . “But
Amazon's plans to decarbonize its shipping supply chain isn't just focused on electrifying its delivery vans. To decarbonize the fuel for 70 planes, Amazon will need a lot more than 6 million gallons of bio jet fuel. . Featured in featured block (1 article with image touted on the front page or elsewhere). Sponsored Article.
Carbon markets are trading systems through which countries, businesses, individuals or other entities buy or sell units of greenhouse gas emissions. These markets facilitate carbonoffsetting — compensating for carbon dioxide emissions in one location by reducing or removing emissions elsewhere. Communities at risk.
This article originally appeared in the State of Green Business 2021. In the climate world, aviation is referred to as a hard-to-abate sector, alongside other heavy industries — shipping, aluminum, cement and concrete, among others — that aren’t easy to decarbonize through redesign or electrification. Sponsored Article.
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. Featured in featured block (1 article with image touted on the front page or elsewhere). Sponsored Article. Finance & Investing. Corporate Strategy. BusinessGreen.
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 climate change. And that’s just for voluntary offsets.
Scientists across the world agree that carbon removal coupled with strategies such as emissions reduction and carbonoffsetting are necessary to keep global warming within manageable limits. . Puro.earth supports this initiative by gathering suppliers that remove carbon from the atmosphere using various methods.
In the quest for carbonoffsets, (almost) anything goes. What Joe Biden could do to cultivate carbon removal innovation (16:35) . Say 'hy-drogen' to a decarbonized future. Featured in featured block (1 article with image touted on the front page or elsewhere). Sponsored Article. Heather Clancy.
By: Clare Adelgren, EY Global Head of Blockchain Sales and Operations As companies globally accelerate their decarbonization journeys, scope 3 emissions—which include all indirect emissions originating from organizations’ upstream and downstream activities such as supply chain—present a significant challenge.
Its goal is to be climate neutral—not just carbon neutral—by 2050. For more on terminology denkstatt explains climate neutral, carbon neutral, GHG neutral and net zero in this two page download and article. Step 3: Participate in carbonoffset programs for unavoidable emissions.
The document also holds out the possibility of subsidies for carbon trading deals under Article 6 of the Paris agreement, and for Indigenous participation in fossil fuel projects. Speaking on background Monday, an official said the odds of any oil or gas project taking advantage of the Article 6 provision were “relatively remote”.
Thanks to converging forces — including supportive policies, dropping battery costs and aggressive climate goals — transportation leaders at large and small organizations are increasingly turning to new zero-emission and low-carbon options that decarbonize fleets and in some cases save money. Sponsored Article. Fleet Management.
In this article, we'll summarize each new law as well as outline the likely impact on businesses. SB 253: Climate Corporate Data Accountability Act The common phrase in the GHG accounting world “you can't measure what you can't track" underlines the fact that decarbonization action starts with GHG emissions accounting.
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.
C as a “survival target” for average global warming, and the meeting recognized that the most technically achievable decarbonization options are also the most economically feasible. But there’s still time to take action if countries pick the right decarbonization options and scale up fast. Read the original article.
This is the second in a three-part series exploring how Article 6 of the Paris Agreement can spur the clean energy transition. Japan instituted the Joint Crediting Mechanism (JCM), a pioneering project-based option under Article 6 to cooperate with developing countries on greenhouse gas (GHG) reductions and sustainable development.
The authors say this could incentivize companies to decarbonize all of society, rather than simply increase the efficiency of their existing products and supply chains. Carbonoffsets can also give companies an excuse not to reduce their own emissions. This article originally appeared in Grist.
Natural carbon sinks, carbon mineralization and direct-air capture are early focus areas for Stripe’s 2019 Negative Emissions Commitment , which aims to spend at least double in these areas compared with what it pays for carbonoffsets. Sponsored Article. Leadership.
With more than half of the world’s 2,000 largest companies committed to net zero emissions, CCS is expected to be a major contributor to decarbonization. Beyond these direct product uses, we are able to leverage our foresters’ expertise and change how our forests are managed to maximize the carbon captured. Department of Energy.
By its own projections, the aviation industry will at least triple its fuel use and double its emissions in the period between 2020 and 2050, while deploying ( often “worthless” ) carbonoffsets and “currently not existing technologies” to compensate, the authors write. This article was first published by The Energy Mix.
In this article, I’ll summarise key sustainability events defining 2021 and then present four sustainable ESG trends that will settle companies’ environment in 2022. Among several requirements, companies will need to reach deep decarbonization of 90-95% before 2050. 2 – CarbonOffset Markets price Hike.
In this article, you will learn what net-zero companies are, why embark in such endeavour and how to make your net-zero targets credible. The cause for climate change is due to human activities (read my article about Milankovitch Earth’s Cycles ). Therefore, companies have increasingly focused on reducing carbon emissions.
“When you’re thinking of centering justice in your climate action plan, it’s important to understand there are many tools and many actions you can take as a business, and carbonoffsets are just (some of the tools) in the toolbox to fight climate change,” Schrock said. They’re interlinked, and we must think holistically and broadly.”
This article was first published in Forbes Today 100 CEOs announced a push for governments to boost the business case for green investment, in the run-up to COP29 in Azerbaijan. Another assessment is that companies may rely on carbonoffsets to achieve net zero rather than making significant reductions in their actual emissions.
Despite their growing popularity as a way for businesses and other carbon emitters to offset their own emissions by buying credits from other entities that reduce or remove carbon from the atmosphere, recent research has called their effectiveness into question.
As we know from the current challenges facing carbonoffset markets, where studies have raised doubts about whether the credits being exchanged actually represent genuine carbon reductions, the success of any tradable credit scheme starts with effective impact measurement.
How to Set Business Targets That Help Address Climate Change (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.
Carbonoffsets are ‘riddled with fraud.’ Solving credibility issues may require a greater overhaul of carbon markets. Carbon insetting Business-speak for companies reducing emissions in their own supply chains; an alternative to carbonoffsetting. This article originally appeared in Grist at [link].
Third, more public-private partnerships are being developed to speed decarbonization and power the clean energy transition. Special Climate Envoy John Kerry’s proposal to use a new form of carbonoffsets to pay for green energy investments in countries transitioning from coal. Read the original article.
All About EACs Princeton research published this January in Joule, on which Financial Times’ August article heavily relies, argues that only 24/7 CFE procurements reduce system-level emissions. That obfuscation threatens to besmirch corporate renewable energy procurement like in the carbonoffset market.
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