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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

The document also holds out the possibility of subsidies for carbon trading deals under Article 6 of the Paris agreement, and for Indigenous participation in fossil fuel projects. Carbon Capture Backed by Carbon Offsets? Given the persistent technical problems still facing CCS, that may not be likely.

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4 ESG trends to watch in 2022

Carlos Sanchez

Two events will increase corporate Net-zero programs credibility and separate climate action from pure greenwashing: The launch of the first science-based Net-Zero standard by SBTi. Among several requirements, companies will need to reach deep decarbonization of 90-95% before 2050. 2 – Carbon Offset Markets price Hike.

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What Net-Zero companies are and How to start the journey

Carlos Sanchez

Then, the organization can balance out the remaining emissions by investing in projects that remove emissions (carbon sinks). After the signature of the Paris Agreement in 2015, science has become widely accepted. Therefore, companies have increasingly focused on reducing carbon emissions. 4 – Report progress.

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Addressing the Credibility Crisis in Carbon Credits: How New Technologies — And New Data — Are Building Trust in Carbon Markets

James Militzer

Despite their growing popularity as a way for businesses and other carbon emitters to offset their own emissions by buying credits from other entities that reduce or remove carbon from the atmosphere, recent research has called their effectiveness into question.

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Progress at last on climate finance at COP27

Corporate Knights

Getting to net-zero – without greenwashing. The last climate conference, COP26 in Glasgow, Scotland, nearly fell apart over frustration that international finance wasn’t flowing to developing countries and that corporations and financial institutions were greenwashing – making claims they couldn’t back up.

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