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Originally published on NRG Energy Insights By Bernie Kinsella Welcome back to the second installment in our carbonoffsets series. As a brief refresher, our last blog covered what carbonoffsets are, the various types of credits, and why using offsets in support of broader decarbonization efforts is valuable.
Researchers have conducted a worldwide analysis of voluntary carbonoffset programs and identified trends into which types of carbon reduction technologies are selected and prioritized. Their findings provide important insights for policymakers to improve the effectiveness and credibility of the carbonoffset market.
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
Macquarie Group’s Commodities and Global Markets division announced today an investment in carbonoffset project-focused consultancy Ecological CarbonOffset Partners (EP Carbon), in a move aimed at supporting EP Carbon’s expansion and advancing Macquarie’s voluntary carbonoffsets business.
To achieve net-zero carbon emissions, we eliminate the limited Scope 1 and 2 emissions generated during our EAF steel manufacturing process through a carbonoffset and renewable energy credit purchase program. Learn more.
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. . Amazon to buy bio jet fuel to lower air cargo emissions. Katie Fehrenbacher. Wed, 07/08/2020 - 08:00.
Multinational logistics firm DP World announced the launch of a new trial carbon reduction program at its UK logistics hubs, aimed at helping cargo importers cut their emissions. By providing easy access to an independently certified inset program, we aim to create better awareness and encourage the adoption of more sustainable practices.
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. body, set a course for airlines to offset emissions of international flights above a 2019-20 baseline.
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.
Australia-based telecommunications and information services company Telstra announced today that it will no longer be using carbon credits to offset its operational carbon emissions, shifting focus instead to investments in decarbonization projects to reduce its direct emissions footprint.
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.
Along the way, I’ve spoken with airline consultants, fuel producers, carbonoffset experts and industry critics, as well as with Shell executives, to understand the technologies and market drivers that could, over time, enable aviation to align with other industries in meeting the terms of the 2015 Paris climate agreement.
This cap serves as a catalyst for decarbonization, so that regulated participants either strive to avoid purchasing additional allowances or ultimately pay increased prices for securing them. CCMs offer these voluntary decarbonizers a great deal of certainty.
Climate tech startup CHOOOSE announced today the launch of a new partnership with energy giant bp, aimed at enhancing its decarbonization solutions for the aviation industry, and helping airlines to meet their sustainability obligations. As part of the partnership, bp is making a strategic investment in CHOOOSE.
According to BeZero, in 2022, when it first launched its ratings platform, there was no correlation between the climate impact of a carbon project and the price of a carbon credit, while there is now an average 40% price premium commanded for every incremental BeZero Carbon Rating notch on the platforms 8-point rating scale.
In return, the companies will receive carbonoffset credits for the emissions generated by employees’ business travel. These certificates will be utilized by the companies to supply sustainable aviation fuel (SAF) to Alaska Airlines passenger flights.
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.
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.
We actively monitor various options to reduce the carbon intensity of our operations and the electricity we provide to our customers. Ultimately, I believe that our technology-agnostic approach to decarbonization will ensure that we have access to the lowest-cost solutions when they are economic at scale.
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.
DESCRIPTION: Businesses are stepping up for the planet, investing in sustainable solutions and working towards decarbonization faster than any other period. Demand for carbonoffsets is at an all-time high. They are moving towards decarbonization in creative and unique ways while offsetting what can’t be mitigated.
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. Episode 247: Biden wish lists, supporting 'intersectional environmentalists'. Heather Clancy. Fri, 12/04/2020 - 02:00. Week in Review.
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.
Step 3: Participate in carbonoffset programs for unavoidable emissions. There are pros and cons of carbonoffsets , and they should be used as a last step only when reducing emissions is unachievable in the short term. Step 3: Participate in carbonoffset programs for unavoidable emissions.
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. American also partners with Cool Effect, a leading nonprofit provider of carbonoffsets, to give our customers the opportunity to purchase offsets.
Steel is one of the most carbon-intensive materials to produce, and Vestas is in “active and intensive dialogue with its steel suppliers to address this,” says Lisa Ekstrand, head of sustainability at Vestas. “To We’re talking to them to explore how we can work together to accelerate the decarbonization of steel.
The post Air Canada Aims to Decarbonize Using Electric-Hybrid Aircraft and Sustainable Aviation Fuels appeared first on Environment + Energy Leader. The coalition's mission is to accelerate the deployment and use of sustainable aviation fuel technologies to reach 10% of the global jet aviation fuel supply by 2030.
The post Air Canada Aims to Decarbonize Using Electric-Hybrid Aircraft and Sustainable Aviation Fuels appeared first on Environment + Energy Leader. The coalition's mission is to accelerate the deployment and use of sustainable aviation fuel technologies to reach 10% of the global jet aviation fuel supply by 2030.
4th webinar presented, focusing on what carbonoffsets can – and can’t – do as part of our Climate Action webinar series. Set net-zero by 2050 goals at three private markets funds that are currently being raised. 1st Climate Action Report published, in line with TCFD recommendations. INVESTING IN A SUSTAINABLE ENERGY TRANSITION.
This week in ESG news: Microsoft signs one of the largest ever carbon removal deals; Deloitte survey finds over 40% of Gen Z & Millennials would switch jobs over climate concerns; EU Parliament proposes ban on green claims based only on carbonoffsetting; Morgan Stanley raises $500 million for climate solutions fund; most companies planning to (..)
Choosing decarbonization tactics that are practical and attainable for your organization’s function and size is an important step, but it is also important to consider when and how to implement these tactics – or when not to. We’ll take a close look at six of the top decarbonization tactics so you can begin this process informed.
Sustainability advisory firm ERM announced today the launch of ERM Climate Markets, a new business aimed at helping companies investing in carbon credits to address their unabated greenhouse gas emissions and achieve decarbonization goals.
Our strategy to meet these targets includes transitioning to renewable energy via long-term Power Purchase Agreements (PPAs) in regions where we have the greatest footprint, decarbonizing our operations, working with suppliers to reduce their emissions and a minimal amount of Renewable Energy Credits (RECs) and carbonoffsets for residual emissions.
Coal projects and new oil and gas projects would be excluded from the transition label, and companies would not be able to rely on carbonoffsets to count against their emissions. “Projects must have well-defined lifespans that are approximately proportionate to the expected decline in global demand,” the report says.
We are aiding the global decrease in greenhouse gas emissions by reducing our emissions with science-based and carbon neutral operations targets and by helping our customers decarbonize with our digitalization, electrification and energy transition solutions. Where emissions cannot be reduced by 2030, we plan to use carbonoffsets.
Sustainable aviation fuel is seen as one of the key tools to help decarbonize the aviation industry, which currently accounts for 2-3% of global greenhouse gas (GHG) emissions. Andrew Chang, Managing Director of United Airlines Ventures said: “SAF is the best tool we have to decarbonize airplanes, but we don’t have enough of it.
Xpansiv provides infrastructure enabling market participants to value and exchange environmental commodities such as carbon, energy and water, and provides market data for voluntary carbonoffsets, renewable energy credits (RECs), and low-carbon fuels.
Qantas said that it is financing its investment through its Climate Fund, a A$400 million fund set up last year, aimed at investing in solutions enabling the company to decarbonize.
The technology provides third party validation for companies seeking to decarbonize their agricultural supply chain or offset emissions using voluntary carbon markets. We believe that Yard Stick’s technology offers a level of rigour and accessibility that has been previously unseen in this market.”
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. In this article, we'll summarize each new law as well as outline the likely impact on businesses.
Meanwhile, financial firms and consumer brands will factor in energy companies’ ESG goals when it comes to calculating their own greenhouse gas emissions, net-zero commitments, and decarbonization and energy transition plans. As you plan your ESG strategy, here are five energy-related trends to watch: 1. The great energy transition.
Investment data and research provider MSCI announced today the launch of MSCI Carbon Project Ratings, aimed at enabling carbon market participants including buyers, investors, and developers to assess the quality and integrity of carbon projects.
They discussed steps on the path to university decarbonization, as well as key barriers and enablers. Wasiluk mentioned how the Net Zero on Campus guide was useful for Monash, following its 4 Pillars of Decarbonization: energy efficiency, renewable energy, electrification, and reduction of non-CO2 emissions.
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