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Long-Term Carbon Offsets Outlook 2023

3BL Media

Originally published on bloomberg.com A turbulent year hasn’t thrown off the long-term prospects for the carbon offset market, which could be valued at half a trillion dollars annually by 2050. Demand will rise into the billions of tons of carbon dioxide equivalent within the next decade as companies work toward net-zero goals.

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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

HSBC is latest bank to pledge net-zero financed emissions by mid-century. HSBC has become the latest bank to commit to achieving net-zero financed emissions, announcing Monday that it intends to align its portfolio of investments and debt financing with global climate targets by mid-century. Cecilia Keating.

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Pathways to Net Zero

3BL Media

The pathways shown remain the most current forecast of our route to net zero; carbon offsets and credits are still estimated to represent about one-quarter of our net-zero strategy. As an example, in 2022, in Illinois, we secured a zeroemission source for our operations throughout that state.

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Universities Step Up to Offer Practical Solutions to Achieving Net Zero on their Campuses and Beyond

Sustainable Development Network

The University Action to Achieve Net Zero panel at ICSD 2023 was moderated by John Thwaites, and included Tim Carter, Dano Weisbord, and Kendra Wasiluk. They discussed steps on the path to university decarbonization, as well as key barriers and enablers. Having that roadmap set out is what you need to do,” she said.

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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.

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Copper industry trade association pledges to reach net zero by 2050

Envirotec Magazine

Trade group with oversight on “the cornerstone material for a net-zero future ” sets out “ambitious plans” to reach net zero in Scope 1 and 2 emissions by 2050, and significantly cut Scope 3 emissions. Estimates as to how much copper will be required for the energy transition appear to vary widely.

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SBTi Clarifies that “No Change Has Been Made” to Use of Carbon Credits in Net Zero Plans Following Backlash

ESG Today

The organizations’ key functions include defining and promoting best practice in emissions reductions and net-zero targets in line with climate science, providing technical assistance to companies who set science-based targets, and providing companies with independent assessment and validation of their emissions reduction targets.