Corporate Knights

NOVEMBER 26, 2024

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.

Carbon Offsets 278

Carbon Offsets Paris Agreement Net Zero Banking 278

Chris Hall

AUGUST 17, 2022

The Authority says in a new report that the carbon market is “fragmented, inefficient and complicated”. The report, requested by Australia’s previous government, provides advice – in the context of the Paris Agreement rules – on the criteria that should be applied to international offsets.

Paris Agreement 52

Paris Agreement Carbon Offsets Climate Change Development 52

Chris Hall

FEBRUARY 3, 2022

Increased use of carbon offsets by corporates among drivers of future market expansion. Two new reports predict strong growth in the voluntary carbon market (VCM) this year as increasing numbers of companies globally set carbon neutrality and other climate goals that will rely partly on use of carbon offsets.

Paris Agreement 52

Paris Agreement Carbon Offsets Climate Change Net Zero 52

Chris Hall

OCTOBER 31, 2023

“Offsetting should be widespread [and] every corporation should be doing it,” he said, adding that companies purchasing carbon offsets are decarbonising faster. The Paris Agreement ’s Article 6 enables voluntarily cooperation between countries to achieve nationally determined contributions emission reduction targets.

Paris Agreement 59

Paris Agreement Carbon Offsets Climate Change COP26 59

Chris Hall

NOVEMBER 16, 2022

The ETA will create a new class of carbon offsets that either represent investments in EMDE renewable energy projects or converted reductions in emissions from the power sector (such as coal-fired electricity). How will the ETA work? . Discussions around Article 6.4

Net Zero 52

Net Zero Paris Agreement Carbon Offsets Greenwashing 52

Chris Hall

JUNE 21, 2023

The tracker further highlighted that many companies are “strategically vague” on Scope 3 emissions and the use of offsets, says Lang.

Net Zero 52

Net Zero Climate Change UNEP Paris Agreement 52

Stanford Social Innovation

MARCH 30, 2022

The reasoning is simple: A traditional carbon offset only prevents additional CO 2 from entering the atmosphere (instead of removing already-emitted CO 2 ). As a result, since it does not physically undo the emissions of the purchaser, there is no quantity of traditional offsets that can, at scale, get the world to net-zero.

Net Zero 108

Net Zero Carbon Offsets Climate Change Paris Agreement 108