Category: carbon offsets

Energy in Demand News, May 12, 2024

In the energy transition governments have been losing fuel duties in the shift away from combustion engines. The Financial Times (behind a paywall) writes that, globally, policymakers are imposing new taxes on electric vehicles because last year there was a drop in receipts of $10 billion. The net loss is projected to rise to $110 … Continue reading Energy in Demand News, May 12, 2024 →

The European Commission’s approach to industrial carbon management

In February, the European Commission published its new approach to industrial carbon management. The following is the press release from February 6th (edited by EiD concerning dates).   Commission sets out how to sustainably capture, store and use carbon to reach climate neutrality by 2050 The European Union is committed to reaching ‘net zero' CO2 … Continue reading The European Commission’s approach to industrial carbon management →

Shell sold millions of ‘phantom’ carbon credits

Subsidy scheme in Alberta allowed oil major to register carbon credits equivalent to twice the volume of CO₂ captured. Greenpeace describes the deal with Alberta as a 'hidden subsidy' that awarded money for 'phantom' credits. Benjamin Shingler discusses the new report in an article on the CBC News website.   Shell sold millions of carbon … Continue reading Shell sold millions of ‘phantom’ carbon credits →

SBTi stirs up controversy

A decade ago, the Science Based Targets initiative (SBTi) was launched with the goal of mobilising the private sector for climate action. Today, it stands as the largest and most influential validator of corporate climate targets, having confirmed the 2030 goals of around 5,000 companies. But not all is going well. Employees at SBTi have … Continue reading SBTi stirs up controversy →

British multinational oil and gas company Shell is counting discredited carbon credits towards its climate goals

The oil and gas giant offset part of its emissions with over a million credits from Chinese projects suspended because of integrity concerns. Matteo Civillini discusses latest developments in an article on the Climate Home News website.   “Shameful”: Shell uses carbon credits under investigation to meet climate targets Oil and gas giant Shell is … Continue reading British multinational oil and gas company Shell is counting discredited carbon credits towards its climate goals →

Concerns about the new UN carbon market

Renewable energy schemes make up four-fifths of Kyoto-era projects hoping to keep selling offsets under Article 6, sparking concerns over the credibility of the new market. Matteo Civillini discusses latest developments in an article on the Climate Change News website.   Junk offset sellers push to enter new UN carbon market Developers are trying to … Continue reading Concerns about the new UN carbon market →

Serious issues with carbon offsets

Project owners in Cambodia and Brazil are selling carbon offsets to Uber, Marathon and ArcelorMittal despite an uptick in deforestation. Matteo Civillini discusses latest developments in an article on the Climate Change News website. To get a complete view of the satellite photos, please go to the website link listed below.   Exposed: carbon offsets … Continue reading Serious issues with carbon offsets →

Are carbon offsets through airlines just ‘greenwashing’?

Spending a few dollars to offset the footprint of your flight may sound too good to be true because it is, climate experts say. JD Shadel explains in an article on the Washington Post website. Do you agree?   Airlines want you to buy carbon offsets. Experts say they’re a ‘scam.’ “Book more sustainably” — … Continue reading Are carbon offsets through airlines just ‘greenwashing’? →

Examining KPMG’s environmental auditing practices in sustainable forest management

At the climate talks in 2021, world leaders pledged to halt forest loss and degradation by 2030. During a nine-month investigation, 140 journalists from 27 countries delved into why and how nations are falling short of meeting that goal. Scilla Alecci writes on the Inside Climate News about the role of the auditing firm KPMG. … Continue reading Examining KPMG’s environmental auditing practices in sustainable forest management →