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Carbon offsets to be dumped as energy giant concedes they don’t “undo harms” from fossil fuels

Renew Economy

EnergyAustralia to dump use of carbon offsets after acknowledging they "do not prevent or undo harms" caused by burning fossil fuels. The post Carbon offsets to be dumped as energy giant concedes they don’t “undo harms” from fossil fuels appeared first on RenewEconomy.

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6 differences between forestry and soil carbon offsets

GreenBiz

6 differences between forestry and soil carbon offsets. Carbon offsets are a big, confusing topic. In two VERGE 20 sessions, experts dived deep into the specifics of soil carbon credits and forestry carbon credits. Here are six differences between these two popular types of carbon offsets. .

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Carbon offset market faces uncertain long-term outlook

GreenBiz

Influential analyst firm argues prices for carbon offsets could reach as high as $120 a ton by 2050 or as low as $47 a ton.

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The race for quality carbon offsets

GreenBiz

Recognizing and avoiding the risks associated with an obfuscated carbon offset market.

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Clean Energy Regulator defends carbon offset scheme as Labor flags review

Renew Economy

The Clean Energy Regulator defends Australia's carbon offset regime following claims it lacks integrity. The post Clean Energy Regulator defends carbon offset scheme as Labor flags review appeared first on RenewEconomy. Labor commits to review the scheme.

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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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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.