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.

Duke Carbon Offsets Survey

Environmental News Bits

The Duke Carbon Offsets Initiative is collecting information about how higher education institutions with carbon neutrality goals use (or don’t use) carbon offsets. The goal of the survey is to better understand how institutions think about and interact with carbon offsets. Institutions with a carbon neutrality goal are invited to complete the confidential survey by … Continue reading Duke Carbon Offsets Survey.

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The race for quality carbon offsets

GreenBiz

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

3 primers for buying carbon offsets

GreenBiz

As interest and scrutiny involving the use of carbon credits toward net-zero goals intensifies, resources from Shopify, Frontier Climate and Ecosystem Marketplace have some answers for corporate buyers

Are Carbon Offsets Worsening the Climate Crisis?

Impakter

Are Carbon Offsets Worsening the Climate Crisis? If you’ve ever been asked to tick a box on a website that offers a minimal surcharge to offset the carbon footprint of your upcoming plane ride or package delivery, you’ve witnessed the voluntary carbon market in action.

Setting the record straight on carbon offsets

Renew Economy

How can an organisation tell a good quality carbon offset from a bad one? When should offsetting be used? The post Setting the record straight on carbon offsets appeared first on RenewEconomy. Climate Explainers Markets Carbon offsets

Sorry, carbon offsets still aren’t settled

Environmental News Bits

Read more → Carbon offsets/credits Corporate sustainabilityRead the full story in GreenBiz. For ESG investors, there is some good news to take away from the Article 6 deal, but much remains unresolved.

Carbon Offset Program Has Been Developed for Produce Growers

Environment + Energy Leader

ProducePay, the marketplace for the global produce industry, has partnered with ALLCOT to create a carbon offset program developed specifically for growers of primary crops.

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? What are different types of carbon offsets?

Corporate carbon offsets get reexamined as U.S. wildfires rage

Environmental News Bits

reaching record highs this year, and burning up forests, companies are being compelled to reexamine nature-based carbon offsets. Read more → Carbon offsets/credits Corporate sustainability WildfiresRead the full story at Environment + Energy Leader. With wildfires across the western U.S.

Is carbon offsetting enough?

Envirotec Magazine

How carbon offsetting compares to carbon reduction. It made clear that more must be done to reduce and offset carbon emissions. As the name suggests, this involves growing trees that soak up carbon dioxide from the air.

This timber company sold millions of dollars of useless carbon offsets

Environmental News Bits

Carbon offsets Corporate sustainabilityRead the full story at Bloomberg. Now Lyme Timber CEO Jim Hourdequin wants to fix a broken system to create a market that actually helps slow climate change.

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.

ANU says flaws with Australia’s carbon offset “irrefutable” as Coalition appointees resign

Renew Economy

ANU researchers detail 'irrefutable' flaws with Australia's carbon offset regime, as trio of Coalition appointees resign from oversight committee.

Sorry, carbon offsets still aren’t settled

GreenBiz

Few climate solutions create as much controversy and confusion as offsets. Here's a primer on the latest developments

XPO Logistics Carbon Offset Program Aims to Lower Trucking Industry Emissions

Environment + Energy Leader

A carbon offset program aims to reduce emissions in road freight shipping. The post XPO Logistics Carbon Offset Program Aims to Lower Trucking Industry Emissions appeared first on Environment + Energy Leader.

To offset or inset? Carbon offset market insists it can provide ‘transparency and integrity’ as food firms look to supply chain solutions

Environmental News Bits

Food companies are increasingly opting for insetting over offsetting their carbon emissions, it’s been claimed, as the voluntary carbon offset market continues to look to improve its credibility. Carbon offsets Climate mitigation Corporate sustainability Food and beverage manufacturingRead the full story at Food Navigator USA.

Is Carbon Offsetting Worth It?

3BL Media

DESCRIPTION: Significant price spikes in the energy attribute certificate (EAC) and carbon offset markets have many companies are wondering whether environmental commodities are the right way to reach their goals, asking: is carbon offsetting worth it?

Why Land Remediation Is the Future of Carbon Offsets

3BL Media

Carbon offsets, which are typically based on neutrality and preservation, are woefully unable to meet this challenge for two reasons: they are inadequate to tangibly address the accelerating climate crisis, and there simply are not enough of them to meet corporate demand.

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.

Clean Energy Regulator mulls carbon offsets for mining waste and carbonates

Renew Economy

One of Australia's largest resources companies could soon claim carbon offsets for emissions captured from waste products of its mining operations. The post Clean Energy Regulator mulls carbon offsets for mining waste and carbonates appeared first on RenewEconomy.

Now we know the flaws of carbon offsets, it’s time to get real about climate change

Renew Economy

We have to move past the magical thinking that carbon offsetting alone will lead to the technology shifts that will save us. The post Now we know the flaws of carbon offsets, it’s time to get real about climate change appeared first on RenewEconomy.

Head of carbon offset watchdog rejects predecessor’s claims that offsets lack integrity

Renew Economy

ERAC chair rejects predecessor's claims that bulk of Australian carbon offsets lack environmental integrity. The post Head of carbon offset watchdog rejects predecessor’s claims that offsets lack integrity appeared first on RenewEconomy.

AB: Are Carbon Offsets the Next ESG Investing Frontier?

3BL Media

Carbon offsets occupy a relatively small space on the spectrum of environmental, social and governance (ESG) issues. Companies have relied on offsets to help avoid or reduce emissions for decades. Offsets are still evolving as a distinct asset class.

Positioning the Great Lakes St. Lawrence Region as a Leader in the Voluntary Carbon Offset Market

Environmental News Bits

The conclusion of this report is that the region has many possibilities to supply both nature-based and engineered carbon projects into the voluntary carbon offset markets (VCMs). 52 gigatonnes (gtons) of at-scale, environmentally sound, high quality additional, durable, and unclaimed) carbon dioxide storage is available in the Great Lakes region by 2050 … Continue reading Positioning the Great Lakes St. Carbon capture Carbon utilization Great Lakes Publication

6 differences between forestry and soil carbon offsets

GreenBiz

6 differences between forestry and soil carbon offsets. Carbon offsets are a big, confusing topic. Carbon credit projects vary widely, from urban forestry projects to air carbon capture to regenerative agriculture. Carbon Removal. Carbon Removal.

“They are clearly afraid of scrutiny:” Dispute deepens over carbon offset integrity

Renew Economy

Former head of Australia's carbon offset watchdog defends claims most offsets lack integrity, and says regulators are "clearly afraid of scrutiny".

Carbon offsets 'hotter than ever' despite growing weather risk concern

Environmental Finance

Demand for carbon offsets is higher than ever before despite extreme weather ravaging parts of some nature-based projects used to back credits, a specialist has said

Greens aim for negative emissions with generous floor price for carbon offsets

Renew Economy

The post Greens aim for negative emissions with generous floor price for carbon offsets appeared first on RenewEconomy. Australian Greens offer a generous guaranteed floor price for ACCUs as part of a plan to get Australia to net negative emissions.

What Pachama’s latest funding says about carbon offset verification

GreenBiz

Tech startup Pachama gets $55 million to scale digital verification of forest carbon projects

Are carbon offsets a joke? A response to the comedian John Oliver

GreenBiz

The segment on HBO made the rounds on in the sustainability universe. What he got right, wrong and where there is a little more nuance

Is the food sector moving away from carbon offsetting?

GreenBiz

At GreenBiz 22, sustainability leaders talked about how carbon credits will play a role in their sustainability strategies

Financial Accounting Standards Board takes up environmental credits, carbon offsets

Utiliity Dive

The U.S. standard setter's move to upgrade environmental credits to its technical agenda signals another new priority for FASB

Default options facilitate faster carbon offsetting in air travel

Science Daily / Earth & Environment

Economists find that many air travelers more readily choose faster, but more expensive carbon offsetting options online if selecting a slower option requires action. However, the readiness to do so decreases as the gap between the most and the least expensive option increases

How to repair the world’s broken carbon offset market

GreenBiz

Any economist take on reforming carbon markets to resolve a system plagued by problems and play a significant role in slowing global warming

Voluntary Certification, Timber Legality and Carbon Offsets in Africa - Opportunities and Challenges

3BL Media

DESCRIPTION: Voluntary Certification, Timber Legality and Carbon Offsets in Africa - Opportunities and Challenges. Turning the tide: Reversing deforestation and forest degradation. SOURCE: SCS Global Services.

Grab launches carbon offset feature

Eco-Business

The ride-hailing app will enable customers to have carbon neutral journeys. The Singapore-headquartered firm also unveiled measures to increase EV adoption, in its inaugural ESG report. It plans to set a net-zero target next year

Lax regulation threatens carbon offset boom

Eco-Business

The demand for carbon offsets, which firms use to neutralise the pollution they cause, is rising sharply and could increase 50-fold by 2050, according to BloombergNEF. If regulation doesn't improve, the offset boom could fizzle out

Making carbon offset disclosure align with climate value

Environmental Finance

The voluntary carbon market would benefit from a ratings system to score the climate effectiveness of different offset types, argue Brad Handler, Simon Lomax and Morgan Bazilian

Organic Valley launches program to reach carbon neutrality without carbon offsets

Environmental News Bits

During a panel of climate experts, farmers, and food brands at Natural Products Expo West, US dairy company Organic Valley announced the launch of a program to reach carbon neutrality through a new carbon insetting program. With the help of key partners and consumers, the cooperative of small, … Continue reading Organic Valley launches program to reach carbon neutrality without carbon offsets. Read the full story at Dairy Reporter.

The struggle for standards in the carbon offsets market

Financial Times: Moral Money

Plus, why ‘numbers fatigue’ is dangerous and Biden’s Fed nominee comes under fire over climate comments

Cargill aims to connect farmers to carbon offset buyers

GreenBiz

A new program from Cargill, RegenConnect brings food companies with carbon commitments together with farmers to encourage regenerative agriculture for a new income stream

These new services are like Consumer Reports, but for carbon offsets

GreenBiz

Calyx, Sylvera and BeZero are in the process of rating hundreds or even thousands of offset projects