Carbon removals - CSO Futures (Page 2)

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Meta to purchase millions of carbon credits from Latin American forests

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.

19 September 2024

Microsoft builds on carbon credit strategy with Mexican rainforest agreement

Carbon removals

Microsoft builds on carbon credit strategy with Mexican rainforest agreement

Microsoft's carbon footprint jumped by nearly 30% in 2023.

12 September 2024

Renewable energy carbon credits excluded from market integrity scheme

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.

06 August 2024

EU approves 3bn euro carbon capture scheme

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.

02 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

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