Carbon removals - CSO Futures (Page 2)

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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

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

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

EU Carbon Removal Certification Framework: Provisional deal leaves many gaps

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.

20 February 2024

2024 could be a make-or-break year for voluntary 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."

13 February 2024

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

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.

12 January 2024

What CSOs should know about the new GRI climate standards

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.

29 November 2023

UN one step closer to establishing global 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.

21 November 2023