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New framework for CO2 offsets could create "cowboy carbon markets," critics warn

Corporate Knights

Among the limited accomplishments of COP29 last week was the approval of a long-awaited and controversial global framework for carbon offsets. Others warned that the agreement doesn't fix big mistakes that carbon trading has made in the past. The shutdown is a sign that buyers and traders have cooled on carbon offsets.

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EU Parliament Proposes Ban on Green Claims Based Solely on Carbon Offsetting

ESG Today

The new rules form Parliament’s negotiating position on the EU Commission’s proposed “Directive on Green Claims” released in March 2023. One of the new requirements proposed by the EU Parliament is to include in the rules a prohibition on green claims such as “carbon or climate neutrality” that are based solely on carbon offsetting schemes.

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Delivering Tangible Climate Action Through the Circular Economy

3BL Media

Additional ways to reduce your carbon footprint While reduce emissions is always the goal, sometimes it’s necessary to look at additional ways to reduce your carbon footprint. Carbon offsetting is a tangible way for businesses to take responsibility for their carbon emissions.

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Breakthrough International Agreement Reached at COP29 to Advance Global Carbon Market

ESG Today

Demand for carbon offset projects and related credits is expected to increase significantly over the next several years, as companies and businesses increasingly launch net zero ambitions, and turn to offsets as a bridge to their own absolute emissions reduction efforts, or to balance difficult to avoid emissions.

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Pioneering Offsets and Carbon Removal Technologies To Address Aviation’s Residual Emissions at American Airlines

3BL Media

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. In early 2024, Graphyte began operating the largest carbon removal facility in the world, its Loblolly facility in Arkansas.

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United Airlines Invests in Twelve to Turn CO2 into Sustainable Aviation Fuel

ESG Today

Launched in 2023 , the fund invests in and supports startups focused on research, technology and production processes, aimed at supporting the scaling of SAF supply. United has set a goal to fully reduce greenhouse gas emissions by 2050 without relying on carbon offsets.

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United Airlines Invests in Ultra-Fuel Efficient Blended Wing Aircraft Developer JetZero

ESG Today

United has set a goal to fully reduce greenhouse gas emissions by 2050 without relying on carbon offsets. This program is the only one in development today that promises efficiency and an elevated customer experience.