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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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Green taxonomy proposal may overcome Canada's climate finance impasse

Corporate Knights

Coal projects and new oil and gas projects would be excluded from the transition label, and companies would not be able to rely on carbon offsets to count against their emissions. This might include well-documented plans for mothballing facilities and timelines for staff retirements or reassignments.

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United Airlines Invests in Battery-Maker Natron Energy With Eye Toward Further Electrifying Ground Operations

3BL Media

Launched in 2021, UAV is a first-of-its-kind sustainability-focused ventures fund that targets startups, upcoming technologies, and concepts that will complement United's goal of net zero emissions by 2050 – without relying on traditional carbon offsets such as planting trees.

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EU Council Agrees on New Rules to Tackle Greenwashing in Product Green Claims

ESG Today

One of the key changes to the directive proposed by Council’s position relates to the use of offsetting through carbon credits in making climate-related claims, such as “carbon neutral,” or “net zero.”

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Reducing Our Footprint at Eaton

3BL Media

Carbon: The race to zero. Eaton is driving actions to reduce global emissions and advance a net-zero future. C, and reaching net-zero global carbon emissions by 2050. C, we must remove more carbon through nature-based and technological solutions that create carbon sinks. Carbon offsets.

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

Corporate Knights

The policy won’t affect money that has already gone out the door or commitments that have already been signed, there is no published calculation of the future subsidies that will now be foregone, and the documents provide no cost figures for 129 non-tax measures that could be shifted as a result of this week's announcement.

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Sustainability trends 2023

Carlos Sanchez

Sustainability trends 2023: Net-Zero roadmaps. Countries and companies have taken responsibility for climate change and raised their carbon emissions reduction ambition. As a result, 91% of the global economy and almost half of the 2,000 largest companies have net-zero pledges.