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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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How to fix the broken carbon-offset system

Corporate Knights

In March, Jim Hourdequin, the CEO of Lyme Timber – one of the world’s largest suppliers of carbon offsets to companies like Chevron – admitted that lax standards have allowed his forestry company to earn US$53 million over the past two years without making significant changes to business as usual.

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Global Sustainable Aviation Fuel Production to Double in 2025, IATA Says

ESG Today

Willie Walsh, IATAs Director General, said: While it is encouraging that SAF production is expected to double to two million tonnes in 2025, that is just 0.7% For the expected one million tonnes of SAF purchases required to meet European mandates in 2025, the expected cost at current market prices is $1.2 of aviations total fuel needs.

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12 Sustainability Resolutions for Businesses That Will Help the Planet Be Healthy in 2025

3BL Media

Here are 12 impactful resolutions your business can adopt in 2025 with each one tailored to a specific month for maximum climate impactso that you can help keep the planet healthy this year. Climate Vault's team of experts have compiled your comprehensive guide to carbon credits, offsets, and more in the new Carbon Landscape eBook.

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SCS Standards Releases Revised SCS-108 Carbon Neutral Standard for Public Review

3BL Media

January 07, 2025 /3BL/ - SCS Standards is pleased to announce that version 2.0 of the SCS-108 Certification Standard for Carbon Neutral Entities, Buildings, Products, and Services is now available for public review. updates to the standard until February 07, 2025. updates to the standard until February 07, 2025.

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Nestlé Moves Away from Carbon Offsets to Focus on Emissions Reductions Across Brands

ESG Today

Global food and beverage company Nestlé will shift away from the use of offsets to achieve carbon neutral brands, focusing instead on actual emissions reductions in its operations and value chain, according to a company spokesperson, following media reports that the company was walking away from carbon neutral pledges for some brands.

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Charting the Path: Sustainability Leaders Survey

GreenBiz

Learn how 250 surveyed leaders in sustainability: Rank their priorities Spend their budgets Expect the price of high quality carbon offsets to change by 2025 Think about different types of removal and offset solutions