OPINION: A new report pushes for a modern tourism model, including the introduction of airport departure taxes, to enhance New Zealand's competitive advantage in a climate-conscious world.
Historically speaking, aviation has always been a gas-guzzling business. As the world demands a new and more sustainable approach to travel, industry, and everyday life, the aviation sector refuses to be left behind.
Derivatives exchange operator CME Group will launch a futures contract to provide customers with a market-based solution to manage global emissions risk. The Global Emissions Offset (GEO) contract will start trading on March 1.
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In the dynamic world of oil and liquefied natural gas (LNG) trading, one of the hottest new products is the carbon-neutral transaction. Designed to make oil and LNG more competitive environmentally with renewable energy in response to environmental, social and corporate governance (ESG) pressures, climate change and the decarbonization megatrend, carbon-neutral oil and carbon-neutral LNG provide for the offset of the greenhouse gas (GHG) emissions associated with a defined set of oil or LNG activities. A carbon-neutral oil or LNG transaction is effected through terms in the underlying transaction documents that govern the sourcing, purchase and retirement of carbon credits as offset units (COUs).