Carbon removals Morgan Stanley to buy 40,000 tonnes of direct air capture removals The bank recently created a new fund to support the removal of one gigatonne of emissions by 2050. Melodie Michel 24 October 2024
Carbon offsets British Airways signs £9mn worth of carbon removal and CCUS deals "There is no pathway to net zero for aviation without carbon removals.” Melodie Michel 25 September 2024
CSO Futures Weekly CSO Futures Weekly: Employee activists are a CSO’s allies Tips on engaging employees around sustainability, investor calls for stronger climate policies and yet another Big Tech carbon offsetting deal. Melodie Michel 19 September 2024
Carbon offsets Meta to purchase millions of carbon credits from Latin American forests Meta is aiming to “not exceed” its 2021 Scope 3 emissions (5.7 million tonnes of CO2e) by the end of 2031. Melodie Michel 19 September 2024
Carbon removals Microsoft builds on carbon credit strategy with Mexican rainforest agreement Microsoft's carbon footprint jumped by nearly 30% in 2023. Melodie Michel 12 September 2024
Carbon offsets Renewable energy carbon credits excluded from market integrity scheme The second most popular type of carbon offsets have rapidly declined in both volume and value. Melodie Michel 06 August 2024
Decarbonisation EU approves 3bn euro carbon capture scheme The European Commission approved a 3 billion euro scheme to support carbon capture and storage in Sweden, though business leaders say lack of regulatory guidance has slowed progress in the sector. Olivia Peluso 02 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 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