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London-based carbon credit ratings startup BeZero Carbon said it had raised $32 million, with proceeds aimed at enabling the company to expand into new markets, and to grow its capabilities and its team.
C was set out in detail back in 2018 by the Intergovernmental Panel on Climate Change (IPCC). Authored by some of the world’s top climatescientists and scholars, the report found the impacts of climate change would be significantly more treacherous to human life if that threshold was breached.
“It will enable us to accelerate our mission to lead the world in the large-scale removal of carbon dioxide from the air and help advance our shift to a sustainable, net zero society,” he said. But CDR is not a replacement for deep emissions reductions, said climatescientist and IPCC author Zeke Hausfather.
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. RELATED: Corporate climate standards are falling short. In the U.S.,
The financing marks the largest capital raise in the UK this year, and brings the total raised by BeZero Carbon to more than $70 million in the past year. The raise will ensure we can continue to invest in our ratings, risk and analytics tools to make this vision a reality.”.
We preferentially ship via ground logistics from our centrally based fulfillment house in Texas, reducing the logistics carbon cost in reaching our customers. Additionally, the logistics for every purchase are carbonoffset, ensuring our impact remains carbon-negative.
Carbon cowboys Those seeking to profit off the carbon-storing potential of other peoples lands. Companies have been buying carbonoffsets for years, paying to protect, say, a forest to claim theyve canceled out the greenhouse gases they emit.
Carbon cowboys Those seeking to profit off the carbon-storing potential of other peoples lands. Companies have been buying carbonoffsets for years, paying to protect, say, a forest to claim theyve canceled out the greenhouse gases they emit.
Then, September broke its previous monthly heat record by half a degree Celsius — a margin so stunning that Zeke Hausfather, a climatescientist, declared it “ absolutely gobsmackingly bananas.” Carbonoffsets are ‘riddled with fraud.’ Solving credibility issues may require a greater overhaul of carbon markets.
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