Eli Mitchell Larson News Today

With its first-ever target for CO2 geological storage, the European Commission's Net-Zero Industry Act has the potential to truly mitigate the effects of fossil fuels on the environment - but in order to be effective, the legislation needs to cover all oil and gas companies, write Kayla Cohen and Eli Mitchell-Larson.

Draft plan addresses inflated claims about products’ environmental credentials

The DAC industry facility looks to scale up at a pace rarely seen in the history of commercial markets, with construction starting in Iceland.

Carbon Gap, an independent research and advocacy not-for-profit, has called on UK and European governments to lead on supporting and scaling up techniques to remove carbon directly from the air (referred to as carbon removal), alongside immediate and dramatic emissions cuts.

The $100 Billion Market for Carbon Offsets Is Struggling to Be Born Jess Shankleman and Akshat Rathi, Bloomberg News The overall concept is simple but it’s not easy to turn a ton of removed carbon into a tradable commodity like a ton of corn or copper. Photographer: Sarah Pabst/Bloomberg , Bloomberg (Bloomberg) -- Global warming is the worlds biggest market failure, so the solution might just be better trading. On one side of the trade wo...

Global warming is the world's biggest market failure and according to a task force, the solution might just be better trading.

Carbon offsets: New $100 billion market faces disputes over trading rules Credit: Carbon Tracker Global warming is the world’s biggest market failure, so the solution might just be better trading. On one side of the trade would be the companies clogging the atmosphere with heat-trapping gases; on the other countless projects to eliminate the problem by planting trees or building machines that capture carbon dioxide. Create a market that turns a ton of removed carbon into a commodity just lik...

by Tyler Durden Friday, Apr 09, 2021 - 08:40 PM Back in December, Bloomberg published a sweeping expose that raised serious questions about the ESG investing craze sweeping the world. In the piece, Bloomberg detailed how the Nature Conservancy, the worlds biggest environmental group and a prominent seller of carbon offsets, had sold "worthless" credits to JPMorgan, Disney and BlackRock as the corporations sought to finance the protection of carbon-absorbing forest land to absolve them of their...

Carbon offsets have become an increasingly common way for businesses to claim large reductions in their emissions. In 2020, companies purchased more than 93 million carbon credits, equivalent to the pollution from 20 million cars in a year. SAN FRANCISCO (April 5): Following concerns that it is facilitating the sale of meaningless carbon credits to corporate clients, the Nature Conservancy says it’s conducting an internal review of its portfolio of carbon-offset projects. The nonprofit owns o...

Nature Conservancy investigating its own sales of potentially meaningless carbon credits By Ben Elgin on 4/5/2021 Carbon offsets are a key tool for corporations to meet climate goals. SAN FRANCISCO (Bloomberg) --Following concerns that it is facilitating the sale of meaningless carbon credits to corporate clients, the Nature Conservancy says it’s conducting an internal review of its portfolio of carbon-offset projects. The nonprofit owns or has helped develo...