Carbon offsets - CSO Futures (Page 3)

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Global temperatures breach 1.5C for a year straight

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.

08 July 2024

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

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.

28 June 2024

Telstra moves away from carbon offsets to redirect investment in reduction

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.

18 June 2024

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

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.”

03 June 2024

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

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.

31 May 2024

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

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...

30 May 2024

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

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.

28 May 2024

Big Tech bets on carbon credits as AI climate impact grows

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.

27 May 2024

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

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.

08 May 2024

Interface to repurpose millions of dollars of carbon offset investments towards CO2 reductions

Interface to repurpose millions of dollars of carbon offset investments towards CO2 reductions

As of April 30, the flooring firm will discontinue its carbon neutrality programme and go "all in" on carbon reductions.

24 April 2024