Carbon offsets

Amazon claims 100% clean energy, but some criticise an inaccurate depiction

Amazon claims that effectively all of the electricity it used last year came from sources that did not emit greenhouse gasses. Experts say the company’s method of determining its footprint has a caveat.

Olivia Peluso

10 July 2024

Carbon offsets

Global temperatures breach 1.5C for a year straight

“This is more than a statistical oddity and it highlights a continuing shift in our climate,” Copernicus Director Carlo Buontempo said.

Olivia Peluso

08 July 2024

Decarbonisation

Report: Global carbon removal credit industry could reach $100bn

The global market for carbon dioxide removal credits could reach up to $100 billion a year between 2030 and 2035 if barriers to the industry’s growth are addressed.

Olivia Peluso

28 June 2024

Carbon offsets

Telstra moves away from carbon offsets to redirect investment in reduction

The decision was driven by increased scrutiny and changing consumer expectations, says CSO Justine Rowe.

Melodie Michel

18 June 2024

Policy & Standards

H&M Head of Sustainability ‘concerned’ about expanding carbon offset use within SBTi

“The decision weakens corporate climate pledges and makes real decarbonisation efforts within value chains less attractive.”

Melodie Michel

03 June 2024

Carbon market

Voluntary carbon market value down 61% as firms become wary of carbon offsets

This is the second consecutive year of contraction for the VCM, after a peak of nearly US$2 billion in 2021.

Melodie Michel

31 May 2024

CSO Futures Weekly

CSO Futures Weekly: ExxonMobil AGM deals a blow to activist investors

Sustainability proposals fail at Exxon, Vodafone's first transition plan and a big week for carbon removals...

Melodie Michel

30 May 2024

Policy & Standards

US government releases carbon offsetting principles, hopes to boost voluntary carbon market

The principles draw from other carbon market integrity guidelines from the ICVCM and VCMI.

Melodie Michel

28 May 2024

Carbon removals

Big Tech bets on carbon credits as AI climate impact grows

Nature-based projects to remove CO2 from the atmosphere are often criticised for exaggerating their positive impacts, but the Symbiosis Coalition hopes to raise quality standards.

Melodie Michel

27 May 2024

Carbon removals

Microsoft signs historic carbon capture deal to remove 3 million tonnes of CO2

Tech giant is betting heavily on carbon removals to achieve carbon negativity.

Melodie Michel

08 May 2024