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Chris Pryor - 1 Elizabeth Frantz - 1 WHAT'S - 1 Marco Berg - 1 Gilles Dufrasne - 1 IETA - 1 Jake Spring - 1 Kate Abnett - 1
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Search resuls for: "Carbon Market Watch"


10 mentions found


☆ Explainer: How do carbon offsets factor into UN COP28 climate talks?
  + stars: | 2023-11-28 | by ( Jake Spring | Thomson Reuters | Jake Spring Reports Primarily On Forests | ) www.reuters.com   time to read: +6 min
Here's what you need to know:WHAT ARE CARBON OFFSETS? Supporters of carbon offsets see them as key means to help meet these goals. At the COP26 climate summit in Glasgow, negotiators reached a breakthrough agreement to regulate trading of carbon credits, in schemes first envisioned in Article 6 of the 2015 Paris Agreement. Separate from the offsets trading envisioned under the Paris Agreement, there are two existing types of carbon markets – compliance and voluntary. It is not yet clear how various existing carbon markets might play into the U.N.-run trading scheme, which also would depend on national laws.
Persons: Chris Pryor, Elizabeth Frantz, WHAT'S, Marco Berg, Gilles Dufrasne, IETA, Jake Spring, Kate Abnett, Susanna Twidale, Katy Daigle, Josie Kao Organizations: New England Forestry Foundation, REUTERS, KliK Foundation, BE, Carbon Market Watch, Compliance, European Union, London Stock Exchange Group, Thomson Locations: New, Hersey, New Hampton , New Hampshire, U.S, Glasgow, Paris, U.S ., California
☆ A 'greenwashing' crackdown in Europe hasn't gone down well. Here's what you need to know
  + stars: | 2023-03-24 | by ( Sam Meredith | ) www.cnbc.com   time to read: +5 min
The European Commission, the EU's executive arm, published its so-called "Green Claims Directive" on Wednesday. The highly anticipated proposal seeks to establish an EU-wide methodology that will help to clean up the environmental claims marketplace. Today, most green claims are too good to be true and the proposal is… far from the real (green) deal. The EU's "Green Claims Directive" seeks to tackle this trend. "Green claims are everywhere: ocean-friendly t-shirts, carbon-neutral bananas, bee-friendly juices, 100% CO2-compensated deliveries and so on," said Frans Timmermans, executive vice-president for the European Green Deal.
☆ Fly less, sit in coach, and avoid gimmicky offsets. Here's how to make your next trip more sustainable, according to experts.
  + stars: | 2023-03-16 | by ( Bianca Giacobone | ) www.businessinsider.com   time to read: +5 min
Airlines offer options to buy offsets and fuel surcharges to ease one's travel carbon impact. Experts say carbon offsets are good, but they need to be chosen carefully. Last year, Carbon Market Watch commissioned a study that looked at the effectiveness of carbon offsets bought by major European airlines. AirFrance, for example, has increased all its ticket prices by an amount varying from 1 Euro to 24 Euro to cover for the company's increased use of sustainable aviation fuel. Other airlines, like Brussels Airlines, are asking passengers whether they want to pay more for sustainable aviation fuel.
☆ Corporate Climate Plans Fall Well Short of Targets, With a Few Bright Spots
  + stars: | 2023-02-13 | by ( Dieter Holger | Carbon Market Watch S Executive Director Sabine Frank | ) www.wsj.com   time to read: +6 min
The climate plans of major companies continue to fall short—but there are some bright spots. The net-zero plans of Holcim and H&M have also won approval from the Science Based Targets initiative. Decent disclosureWhile scope 3 emissions can be challenging to calculate and control, having net-zero plans that cover the complete value chain is best practice. Apple, iPhone manufacturer Foxconn Technology Co. and H&M were all noted for helping their suppliers to access renewable energy either with financial support, advice or connecting deals. The retailer has worked with suppliers to reduce packaging waste and to adopt farming practices that sequester greenhouse gases, as well as helping them access renewable energy.
☆ Qatar World Cup lays bare environmental cost of a desert tournament
  + stars: | 2022-12-02 | by ( Armelle De Oliveira | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | ) www.nbcnews.com   time to read: +11 min
But as it hosts the soccer World Cup, controversy is also descending on the tiny Gulf kingdom. “The tournament has been labeled as the first ‘fully carbon neutral FIFA World Cup tournament,’ meaning its overall impact on the planet should be zero,” the letter said. People gather around the official countdown clock showing remaining time until the kick-off of the World Cup on Nov. 11. After winning the right to host the tournament, Qatar pledged to become the first carbon neutral World Cup host. “Events like the World Cup, like the football World Cup or like the Olympics bring joy and happiness to millions of people, sometimes even billions of people, right?” he said.
☆ Qatar promised a carbon-neutral World Cup. Climate advocates call that pledge misleading.
  + stars: | 2022-12-01 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +6 min
World Cup organizers will buy carbon offsets to help cancel out greenhouse gas emissions. Qatar moved the World Cup to winter for the first time to protect attendees from blistering heat. Qatar World Cup organizers jumped into one of the most hotly debated climate issues when it announced the tournament would be "carbon neutral." Elgendy said some of the emissions associated with building them should be attributed to the World Cup — but not all. He doubted that the US, Mexico, and Canada, which will jointly host the 2026 World Cup across 16 cities, would strive for the same goal.
☆ EU takes 'first step' to certify removing CO2 from atmosphere
  + stars: | 2022-11-30 | by ( Kate Abnett | Moushumi Basu | ) www.reuters.com   time to read: +3 min
The European Commission proposal, if approved by EU countries and lawmakers, would lay the groundwork for a government-approved certificate for carbon removals. Removals include carbon held in soils and forests, or CO2 sucked out of the air by technologies and stored underground or in construction materials. The EU proposal said existing certification schemes will be able to win EU approval if they meet certain criteria, including by addressing the risk that the CO2 could be released back into the atmosphere and having transparent rules on how long the CO2 will be stored. The U.N. climate science panel has said scaling up CO2 removals is "unavoidable" if the world is to limit global warming to 1.5C. Wijnand Stoefs, carbon removals lead at campaign group Carbon Market Watch, said the EU proposal was a "necessary first step" but left many questions unanswered - including how certified removals will eventually be integrated into governments' climate targets.
☆ Qatar makes World Cup debut in a controversial tournament of firsts
  + stars: | 2022-11-20 | by ( Ben Church | ) edition.cnn.com   time to read: +8 min
Doha, Qatar CNN —There have been 21 editions of the men’s World Cup since its inauguration in 1930 but Qatar 2022 is set to be a tournament like no other. Since it was announced as the host city almost 12 years ago, it was always destined to be a World Cup of firsts. Seventy percent of the squad that won the trophy came through the academy, and that number has only increased heading into the World Cup. Female officialsQatar 2022 will also see female referees officiate a men’s World Cup match for the first time. Referee Yoshimi Yamashita will make her debut at the men's World Cup.
☆ COP27: Talks on carbon market rules off to slow start
  + stars: | 2022-11-14 | by ( Jake Spring Kate Abnett Shadia Nasralla | Jake Spring | Kate Abnett | ) www.reuters.com   time to read: +5 min
Carbon offsets allow countries or companies to pay others to cut greenhouse gas emissions to offset their own. Countries applauded each other at last year's climate summit in Glasgow for agreeing on broad principles governing carbon markets, breaking six years of stalemate. Applying to join the new system without knowing what rules will govern it would be difficult, said Pedro Martins Barata, a carbon markets expert observing the talks for the non-profit Environmental Defense Fund. Voluntary carbon offset markets have struggled to gain trust for years. Reuters GraphicsPrivate initiatives like the Integrity Council for the Voluntary Carbon Market (ICVCM) and the Carbon Credit Quality Initiative (CCQI) have drafted guidance on what they see as a high-quality carbon offset.
☆ The US is creating a carbon-offset plan for corporations that would fund developing countries' moves to clean energy
  + stars: | 2022-11-09 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +6 min
The plan would create revenue to fund developing countries' moves toward clean energy. "This is a critical tool that will supplement, not replace, other sources of climate finance." The US will also consult with organizations that are trying to improve the scientific integrity of carbon credits. "Buying emissions reductions from developing countries is not the same thing as channeling climate finance and raises questions about who can count the reductions." African nations unveiled their own carbon-market initiative Tuesday, with an aim to supply 300 million carbon credits each year by 2030 and raise up to $6 billion.
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