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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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Etsy takes aim at shipping and packaging in setting 2030 net-zero goal

GreenBiz

Etsy takes aim at shipping and packaging in setting 2030 net-zero goal. For Etsy, the e-commerce marketplace known for handmade items like jewelry, art and apparel, Scope 3 emissions make up 99 percent of the company's carbon footprint. Deonna Anderson. Tue, 03/16/2021 - 05:00. But often, they are the most emissions to take on.

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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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Why Land Remediation Is the Future of Carbon Offsets

3BL Media

A recent report from McKinsey & Company offered some hard evidence for what environmentalists have long known to be a mounting concern: The current carbon offset market will struggle in the next thirty years to meet the exponentially increasing demands placed on it by corporate America’s collective drive to meet their carbon pledges.

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What Are Carbon Offsets and Why Do Corporations Use Them?

3BL Media

When one greatly outweighs the other, problems arise, and currently there is a big one brewing in the carbon offset market—demand has grown exponentially and supply simply cannot keep pace. What are carbon offsets and why is it so difficult to make them verifiable, impactful, and scalable? What are carbon offsets?

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Apple creates $200 million fund for nature-based climate solutions

GreenBiz

Apple’s Restore Fund is part of the company's efforts to get to carbon neutrality by 2030 across its operations. It plans to directly eliminate 75 percent of emissions from its supply chain and products by 2030, and will use the Restore Fund to address the remaining 25 percent with offsets.

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Amazon to buy bio jet fuel to lower air cargo emissions

GreenBiz

The move shows the efforts that Amazon is willing to go to eke out carbon emissions across its vast network of planes, vehicles and distribution centers that deliver on-demand goods across the globe. 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.

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