Amsterdam, 22 sept 2023 — Singapore’s new carbon exchange traded 12,000 tonnes of emissions on its first trading day as the city-state bets on the growth of an industry that has been slammed for corporate greenwashing. Chevron, Vitol, Standard Chartered and China’s CICC on Wednesday traded credits on Climate Impact X, which is hoping to…
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From Crisis to Confidence by Eftimiya Salo The Voluntary Carbon Market (VCM) has been recognized as a powerful tool for climate change mitigation by supporting corporate climate targets in addition to deep emission cuts aligned with a 1.5-degree trajectory. However, with great power comes significant responsibility, and unfortunately, the current state of the VCM falls…
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By Susanna Twidale and Sarah Mcfarlane LONDON, Sept 1 (Reuters) – Voluntary carbon markets have shrunk for the first time in at least seven years, as companies including food giant Nestle and fashion house Gucci reduced buying and studies found several forest protection projects did not deliver promised emissions savings. Preserving forests is crucial to meeting international goals…
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In the past decade, the phrase “put a price on carbon” has gathered steam around the globe. And carbon pricing has been hailed by scientists, economists, and business leaders as one of the most cost-effective tools to decarbonize economies. But the exact price—typically expressed in terms of value (e.g. dollars or other local currency) per…
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The Next Generation of Energy Clean energy technologies are central to limiting the impacts of climate change as the world shifts away from emissions-intensive energy sources. Embracing clean energy alternatives means fundamentally changing the way we produce and consume energy—in all its forms. The State of Decarbonization While the ecological, economic, and social risks of…
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eyesonindonesia/stanford Amsterdam July 14, 2023—Forests across the globe but of course also across the good old U.S. of A. are major contributors to the fight against climate change, annually removing damaging excess carbon from the atmosphere equivalent to approximately 13 percent of overall U.S. greenhouse gas emissions. According to a new report published today by Stanford…
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Financial Incentives Important eyesonsuriname/ dr. Lorraine Sobers Amsterdam, March 9th 2023 — The CEO of Hess Corporation, John Hess, speaking at the International Energy Conference and Expo Guyana, explained to the audience that “Carbon credits provide financial incentives to preserve forests and biodiversity that are at risk to growing economic activities and demand for natural resources.”…
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