News from World

tag: Carbone

13 March 2023

The largest carbon credit certifier modifies its rainforest compensation scheme to regain credibility

"Carbon neutral" claims are often based on credits certified by Verra, and surveys have suggested that many are worthless. These claims bombard us in supermarkets, online and on television and, said the Guardian, are based on carbon credits for a $2 billion voluntary compensation market. Gucci for example, but the fashion sector in general, uses them and presents them as a "nature-based solution", playing on the guilt that consumers feel in contributing to the loss of biodiversity.

02 February 2023

On "carbon credits" purchased by fashion brands to offset CO2

A joint investigation by the Guardian, Die Zeit and SourceMaterial found that more than 90% of offset credits sold to protect portions of the rainforest are "ghost credits" and do not represent true reductions in carbon dioxide emissions. Gucci reacts through the public response of the certifier Verra, who denies the investigation. Vogue Business reflection is that "Carbon credits are defective. For now they are still needed"

12 January 2023

A startup's direct air capture plant in Iceland is the only major operational carbon removal project in the world

Startup Climeworks says it has come up with a way of making carbon credits more credible. It said today that it now uses a third-party verification process to certify its service of sucking carbon dioxide from the air and storing it underground. It’s the first time a company has achieved that on a meaningful scale using an outside auditor, The Wall Street Journal reported.

19 December 2022

An agreement to reduce the use of coal in Vietnam

G7 will provide Vietnam with $15.5 billion to help it move away from coal. Britain has announced the mix of loans and grants, which will help Vietnam's greenhouse gas emissions peak by 2030 (Source: Reuters) and reach 47% renewable electricity production by the same date.

07 November 2022

World leaders are racing to fund the shift to clean energy and reduce developing countries’ dependence on fossil fuels.

The United States wants major businesses to help fund developing nations’ efforts to decarbonize. President Joe Biden’s climate envoy John Kerry hopes to unveil the carbon-credit program at COP27 this week, the @FinancialTimes reports.

31 October 2022

Indonesia’s energy boost to decarbonize value chains

Jakarta hopes a new financing mechanism can help Indonesia reach net zero ahead of schedule. According to @NikkeiAsia, the Asian Development Bank would bring outside investment to pay for the purchase and decommissioning of coal plants, and their replacement with renewable sources. [Indonesia's new SOE scheme puts focus on coal phasedown- Nikkey]

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