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

Policy & Standards

EU Carbon Removal Certification Framework: Provisional deal leaves many gaps

The framework provides more clarity on how to generate credits from carbon farming but lacks greenwashing safeguards.

Melodie Michel

20 February 2024

Carbon market

2024 could be a make-or-break year for voluntary carbon market

“If buyers can’t trust the quality of the credits they’re buying and risk greenwashing accusations, then the market will never reach its potential."

Melodie Michel

13 February 2024

Operations & Finance

BCG will buy 21,000 tonnes of direct air capture credits over the next three years

Direct air capture currently costs US$600 to US$1,000 per tonne.

Melodie Michel

12 January 2024

Policy & Standards

What CSOs should know about the new GRI climate standards

The new standards would require companies to report on the social impacts of their climate efforts, their use of carbon credits and removals, and the investments allocated to mitigation and adaptation.

Melodie Michel

29 November 2023

Carbon market

UN one step closer to establishing global carbon market

If new rules on project eligibility are adopted at COP28, this global carbon finance mechanism could finally start working next year.

Melodie Michel

21 November 2023

Policy & Standards

Carbon removals are now part of EU net zero strategy: What CSOs need to know

Certified carbon removals can be used by companies beyond offsetting purposes.

Melodie Michel

02 November 2023