Avneesh Pandey’s Post

🌍🌲 A THIRD OF ALL CARBON CREDITS FAIL KEY MARKET TEST Major worries are emitting from the carbon offsets sector, after an industry watchdog rejected a third of all carbon credit projects based on current renewable energy methodologies. On Tuesday, The Integrity Council for the Voluntary Carbon Market (ICVCM) said 32% of these credits were ineligible to use its high-integrity Core Carbon Principles (CCPs) label, a move that affects 236 million credits. It is another blow to the voluntary carbon market, which has faced intense scrutiny from climate experts in recent years, who have labelled carbon offsetting as ineffective, ‘junk’ and a greenwashing tool. Carbon credits are used by many of the world’s largest companies – from Disney, Nestlé, Gucci and Etsy to Volkswagen, ExxonMobil, TotalEnergies and Delta Air Lines – as part of their net-zero goals, and usually involve reforestation or green energy projects. But the ICVCM has now said that eight existing processes used to design and implement renewable energy projects aren’t rigorous enough when it comes to determining whether the projects would have been greenlit “without the incentive of carbon credit revenues”. “We need to modernise the design of these carbon projects, which carbon-crediting programmes can and should do,” said ICVCM chair Annette Nazareth. “More robust methodologies would unlock finance for a new wave of renewable energy projects in places where they are most needed.” Learn more in the full article: https://lnkd.in/eXYyJa4a #GreenQueen #emissions #climatechange #cmilateaction #carboncredit #carbonoffset

Understanding Carbon Credits Carbon credits offset Greenhouse Gas (GHG) emissions and come in the form of permits and certificates. The market has quadrupled since 2020, poised to reach $2.4 trillion by 2027. However, debates surround their use as more companies adopt them. Regulators mandate aviation, oil, and gas sectors in regions like the EU, China, and California to trade carbon credits, while others choose to do so voluntarily. Critics argue carbon credits enable business-as-usual, hindering true decarbonization. Despite the controversy, carbon credits can aid global decarbonization, especially in fossil fuel-dependent industries. But what are they, why the controversy, and are they effective? What are Carbon Credits? Carbon credits, also called carbon allowances, are permits allowing organizations to emit one tonne of CO2e, either removed or prevented from entering the atmosphere. They are a climate currency traded in carbon markets. In "voluntary" markets, buyers can directly purchase them from entities involved in CO2e management. In "mandatory" markets, companies must adhere to sector-specific emission limits and use carbon credits to offset excess emissions. Staying within these limits lets them save or sell their emissions as carbon credits. Types of Carbon Credits There are four primary categories for creating and selling carbon credits: 1. Forestry and Land Use:   Activities such as reforestation, deforestation protection, land use changes, and natural resource conservation can generate carbon credits. Farmers and landowners can sell credits based on the amount of CO2e their land sequesters.   2. Renewables:   Companies involved in wind, solar, and hydroelectric power generation can sell credits for the emissions they avoid. Additionally, businesses can purchase Renewable Energy Credits (RECs) to claim renewable energy sources regardless of their actual energy source.   3. Carbon Capture and Storage:   Carbon can be directly removed from the air using direct air capture or captured at emission sources and geologically stored for long-term preservation. Companies engaging in carbon capture can sell their captured carbon as credits.   4. Energy Efficiencies:   Entities can sell carbon credits for every tonne of CO2e energy savings achieved. Energy Efficiency Credits (EECs), also known as "white tags," offer another method for companies to sell credits, measured in energy units (MWh) converted into CO2e savings.   Get set for our upcoming blog: "Exploring Global Carbon Markets: Voluntary vs. Compliance." https://sattvameta.com/ #carboncredits #renewables #energyefficiency #ghg

Carbon Markets Unveiled: A Comparative Analysis of Compliance and Voluntary Strategies! by Climate Compliance Carbon Markets, driven by regulatory mandates, compel large industrial entities to meet emission reduction targets through mechanisms like cap-and-trade systems or carbon taxes. Participants, often in high-emission sectors, acquire allowances to cover excess emissions or engage in emissions trading In contrast, Voluntary Carbon Markets operate on a voluntary basis, attracting diverse participants like businesses and individuals who voluntarily offset their emissions to demonstrate environmental responsibility. These markets, governed by recognized standards, generate carbon credits through emission reduction projects, with credits purchased by voluntary buyers. While compliance markets focus on strict regulatory adherence and are regionally or nationally based, voluntary markets offer a global reach, allowing participants to support projects worldwide Both markets play vital roles in mitigating climate change, with compliance markets ensuring regulatory compliance and voluntary markets fostering a proactive commitment to sustainability and corporate social responsibility #carbonmarkets #compliancecarbonmarket #voluntarycarbonmarket #carboncredits #emissionsreduction #netzero #carbontrading #carbonoffsetting #carbontax #climatechange #climateaction #mitigation #climatemitigation #decarbonization #capandtrade #greenhydrogen #energy #energia #energie #hydrogeneurope #energyaustralia #industrialclusters #energytransition #europeancommission #energialimpia #esig #hidrogenoverde #cleanenergy #industria #UNIDO #decarbonization #emissionsreduction #descarbonizacion #valuechain #hydrogenstrategy #suezcanal #sczone #electrolysis #electrolyzer #greenhydrogen #electrolyser #pem #soec #ev #electrification #electricvehicles #fcev #bev #soe #aem #cathode #anode #h2 #oxygen #greenelectricity #water #energy #renewableenergy #renewablehydrogen #greenhydrogen #idrogenoverde #hydrogènevert #hydrogenenergy #hydrogenstrategy #hidrogenioverde #hidrogenoverde #hidrógeno #hidrogenio #wasserstoff #wasserstoff #onshorewind #solarenergy #hydroenergy #ifc #afc #H2Med #irena #decarbonize #renewableenergy #canaldesuez #sokhna #emethanol #hydrogènevert #hydrogène #windenergie #hydrogenenergy #hydrogenfuel #hidrogenoverde #hidrógeno #hidrogenioverde #idrogenoverde #idrogeno #hidrojen #windpower #windenergy #hydrogenfuelcell #giz #hydrogeneurope #northafrica #ifc #iea #ebrd #eib #europe #waterstof #greenfuel #greenammonia #ebrd #greenmethanol #irena #saf #greenfertilisers #greenfuel #greenmethanol #egypt #lngbunkering #un #greensteel #greenfert #greenbunkering #bunkering #ccus #ccs #carboncredits #carbonfootprint #carbonneutrality #carbononeutral #maritimeindustry #VesselEmissions #shippingindustry #indianmarket #maritimetransport #emethanol #decarbonisation #aviation #trasporti #transportation #bluehydrogen #lngindustry #naturalgas  Osama Fawzy Georgy HENEIN, MBA

Concept Carbon credit .... Carbon credits are a key component of carbon trading, a market-based approach aimed at reducing greenhouse gas emissions. The concept revolves around assigning a financial value to the reduction, avoidance, or removal of carbon dioxide (CO2) or other greenhouse gases (GHGs) from the atmosphere. How carbon credits work Measurement and Verification: Carbon credits are typically based on quantifiable reductions in emissions, often measured in metric tons of CO2 equivalent (CO2e). Projects must undergo rigorous measurement and verification processes to ensure their emission reductions are real, measurable, and additional (i.e., they wouldn't have occurred without the project). Types of Projects: There are various types of projects that generate carbon credits. These include renewable energy projects (such as wind farms or solar installations), energy efficiency initiatives (like upgrading to energy-efficient appliances or buildings), afforestation and reforestation efforts, methane capture from landfills or agricultural activities, and industrial processes optimization, among others. Issuance and Certification: Once a project's emissions reductions are verified, carbon credits are issued. These credits are often certified by recognized standards bodies, such as the Verified Carbon Standard (VCS), Gold Standard, or the Clean Development Mechanism (CDM) under the Kyoto Protocol. Each credit represents one ton of CO2e that has been either reduced or removed from the atmosphere. Trading and Pricing: Carbon credits can be bought, sold, or traded on carbon markets. Buyers, such as companies or governments seeking to offset their emissions, purchase credits to compensate for their own carbon footprint. The price of carbon credits fluctuates based on market demand, regulatory frameworks, and the perceived environmental integrity of the credits. Offsetting Emissions: Companies or individuals can use carbon credits to offset their own emissions. For example, if a company's operations generate a certain amount of CO2 emissions, it can purchase carbon credits equivalent to that amount to neutralize its carbon footprint. Regulatory Compliance: In some jurisdictions, companies are required to offset a portion of their emissions through the purchase of carbon credits to comply with emissions reduction targets or regulations. Carbon credits provide a mechanism for companies to meet these obligations while supporting emission reduction projects globally. Carbon credits play a crucial role in incentivizing emission reductions and financing climate-friendly projects, contributing to global efforts to mitigate climate change. However, it's essential to ensure the integrity and transparency of carbon markets to maximize their effectiveness in addressing climate challenges. #Carbon Credit # Greenhouse Gases # Climate # Companies # Remove CO2 # Amount # Footprint #

The Royal Mint has taken a significant step towards a greener future by having its Net Zero target recognized and validated by the prestigious Science-Based Targets Initiative. The UK’s official coinmaker aims to achieve net-zero greenhouse gas (GHG) emissions by 2050 across its operations and supply chain, with interim goals set for 2030. It plans to reduce its Scope 1 and 2 GHG emissions (including electricity and gas use) by 90% by 2050 and Scope 3 emissions (from purchased goods and services, waste management and business travel) by 90% in the same period. Learn more here: The UK’s official coinmaker aims to achieve net-zero greenhouse gas (GHG) emissions by 2050 across its operations and supply chain, with interim goals set for 2030. Learn more here: https://ow.ly/sSGy50QnpZm #Sustainability #SustainableBusiness #ScienceBasedTargets

In line with the Paris Agreement’s targets of reducing greenhouse gas (GHG) emissions by 45% by 2030 and reaching net zero emissions by 2050, companies across the world are looking for ways to reduce their emissions. Some are seeing this trend as an emerging market and are working to monetize other companies’ carbon emissions. These companies are using innovative technologies to transform GHGs into valuable chemicals, fuels, and materials. Read more >> https://lnkd.in/gZHv8Feg #ADIAnalytics #GHGs #CarbonEmissions #GreenhouseGas #ParisAgreement #NetZeroEmissions #InnovativeTechnology

Our monthly #carbon series returns with November featuring strategic partnerships, carbon removal initiatives and fast-track action committees across the board. Learn more in the latest #CarbonMarket Round Up from Andrew Hall: https://go.td.com/3Rzz0Y4

In line with the Paris Agreement’s targets of reducing greenhouse gas (GHG) emissions by 45% by 2030 and reaching net zero emissions by 2050, companies across the world are looking for ways to reduce their emissions. Some are seeing this trend as an emerging market and are working to monetize other companies’ carbon emissions. These companies are using innovative technologies to transform GHGs into valuable chemicals, fuels, and materials. Read more >> https://lnkd.in/gkmjEY6G #ADIAnalytics #GHGs #CarbonEmissions #GreenhouseGas #ParisAgreement #NetZeroEmissions #InnovativeTechnology

How on earth will Asia-Pacific get to net zero given the need for continuing development in the region? In meeting Asia's net-zero targets, the real promise for carbon utilisation lies in the transformation of CO2 into valuable materials. Some end-uses of recycled carbon products include: ✔️Industrial materials ✔️Chemicals ✔️Fuels Read our latest article on turning carbon from liability to asset. #Decarbonization #NetZero #Recycling