CarbonOffsets

EU Considers UN Carbon Offsets for Border Levy Implementation

18 days ago

The European Union is currently evaluating the potential inclusion of carbon offsets from the United Nations' programs as part of its ambitious border carbon adjustment mechanism. This move seeks to enhance the EU's climate goals while leveling the playing field for European industries against foreign competitors that may not face stringent emissions regulations.

The Illusion of Accountability: COP29's Controversial Climate Accounting Tactics

1 month ago

As the global community gears up for COP29, the impending climate conference is already shrouded in controversy due to allegations surrounding the manipulation of carbon accounting practices. Critics argue that some nations may engage in a form of "sleight of hand" accounting, which could undermine credible climate action and lead to a dilution of accountability among participating countries.

Shell Set to Offload Majority Stake in Carbon Offsets Business

1 month ago

In a significant strategic move, Shell plc has announced its intent to sell a majority stake in its carbon offsets business, which has garnered much attention in today's rapidly evolving energy landscape. This decision aligns with the company's broader strategy to streamline its operations and focus on core business areas as it navigates the complexities of the energy transition.

The Continuous Challenge of Carbon Offsets: A Game of Whack-a-Mole

2 months ago

In a world increasingly focused on sustainability and reducing carbon emissions, the concept of carbon offsets has become a hot topic of discussion. However, as reported in a recent article by Bloomberg, the effectiveness and integrity of the offset system is under scrutiny, revealing a complex landscape for companies and individuals striving to mitigate their environmental impact.

The Future of Carbon Offsets: Navigating Falling Demand Ahead of COP29

2 months ago

In the rapidly evolving world of carbon offsets, the market is currently experiencing a significant downturn in demand. Recent analyses indicate that fewer companies are purchasing carbon credits to balance out their emissions, raising questions about the sustainability and future of this once-booming sector. As global leaders prepare for COP29, the upcoming United Nations climate conference, there is cautious optimism that new regulatory frameworks and market mechanisms could breathe new life into the industry.

Green Claims Under Scrutiny: How Banks and Airlines Leverage Controversial Solar and Wind Credits

2 months ago

In a bold move that has sparked significant debate, major banks and airlines are increasingly resorting to the use of controversial solar and wind energy credits to assert their commitment to sustainability. These credits, part of the growing carbon offset market, have drawn criticism regarding their effectiveness and transparency, especially as corporations strive to meet ambitious green targets and bolster their public image.