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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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Amazon to buy bio jet fuel to lower air cargo emissions

GreenBiz

Amazon's plans to decarbonize its shipping supply chain isn't just focused on electrifying its delivery vans. Amazon has pledged to reach net-zero carbon emissions by 2040, and says it will make sure half of Amazon shipments are net-zero by 2030. Amazon to buy bio jet fuel to lower air cargo emissions. Katie Fehrenbacher.

Net Zero 498
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Macquarie Invests in Carbon Offset Consultancy EP Carbon

ESG Today

Macquarie Group’s Commodities and Global Markets division announced today an investment in carbon offset project-focused consultancy Ecological Carbon Offset Partners (EP Carbon), in a move aimed at supporting EP Carbon’s expansion and advancing Macquarie’s voluntary carbon offsets business.

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Can Shell help pilot a new era of sustainable aviation?

GreenBiz

Over the past year, I’ve been working with Royal Dutch Shell’s aviation division — a relatively small slice of the $344 billion (2019 revenue) energy behemoth — to develop a series of video interviews focusing on what it will take to make aviation sustainable. (I And that’s just for voluntary offsets. Fuels rush in.

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Telstra Ends Use of Carbon Credits to Increase Focus on Decarbonization Projects

ESG Today

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.

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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

We are committed to developing products that allow them to invest or participate in efforts to bring about a more sustainable global economy.". It also said it would work with the broader finance sector to create a standard to measure financed emissions and support a functioning carbon offset market.

Net Zero 402
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BeZero Carbon Raises $32 Million to Expand Carbon Credit Rating Platform into New Markets

ESG Today

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.