We're pleased to see the California Senate Bill 1036, the Voluntary Carbon Offsets: Business Regulation Act, has been paused. ➡️ SB 1036 sought to make it unlawful for a person to sell, issue, market, certify, verify, or maintain, a voluntary carbon credit if the person should know that the GHG reductions or removal enhancements of the related project are unlikely to be quantifiable, real, and additional. ➡️ Truthful, substantiated, and transparent claims based on carbon credits are vital to protect consumers and the climate. However, this bill was excess, and the significant risks would have heavily deterred companies with genuine intentions from engaging in the market, massively reducing funding for critical climate projects. At Carbonplace, we support high-integrity voluntary #CarbonMarkets and recognise effective regulations and standards are essential for the market to realise its full potential in channelling finance at scale to combat #ClimateChange. Fortunately, necessary regulations are already in development and with an estimated annual requirement of USD 6.2 trillion from 2023 to 2030 to achieve global #NetZero, it's vital we continue to encourage participation in all high-integrity mechanisms. We look forward to increasingly collaborating with players across the market to scale the supply and delivery of high-quality, robust carbon credits. Together, we can drive meaningful #ClimateAction. 🌎 --- The official #VCM Rankings 2024 voting page is now open! We would be honoured to receive your support for Carbonplace in the "Best Market Innovation" category. Submit your nomination today: https://lnkd.in/eKbSFBaA
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Financial institutions face a daunting challenge when attempting to calculate the climate impact of their portfolios, as many firms lack comprehensive carbon disclosure. Our latest article explores how these institutions are turning to modeled approximations, such as Environmentally-Extended Input-Output (EEIO) databases, to estimate financed emissions based on economic proxies. Discover the methodological limitations and reservations surrounding these tools, and learn about the parallel imperatives of improving data integrity, expanding coverage, and pursuing primary data access to drive genuine influence over downstream decarbonization. 🌍📈 https://lnkd.in/dvuX-Pth #FinancedEmissions #CarbonAccounting #ClimateAction #SustainableFinance
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As pressure mounts for financial institutions to account for their financed emissions, the lack of comprehensive carbon disclosure from client firms presents a significant challenge. Our latest article delves into how economic proxies and Environmentally-Extended Input-Output (EEIO) databases are being used as pragmatic solutions for estimating portfolio carbon footprints despite data gaps. #Scope3 #FinancedEmissions #SustainableFinance #CarbonAccounting #ClimateAction
Financial institutions face a daunting challenge when attempting to calculate the climate impact of their portfolios, as many firms lack comprehensive carbon disclosure. Our latest article explores how these institutions are turning to modeled approximations, such as Environmentally-Extended Input-Output (EEIO) databases, to estimate financed emissions based on economic proxies. Discover the methodological limitations and reservations surrounding these tools, and learn about the parallel imperatives of improving data integrity, expanding coverage, and pursuing primary data access to drive genuine influence over downstream decarbonization. 🌍📈 https://lnkd.in/dvuX-Pth #FinancedEmissions #CarbonAccounting #ClimateAction #SustainableFinance
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This is a helpful primer on voluntary carbon markets, as well as good news about their stabilization. This adds to what I've learned from experts like Matt Flavin https://lnkd.in/gTgtAq2r
Biden-Harris Administration Releases Joint Policy Statement and Principles on Voluntary Carbon Markets
energy.gov
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Many financial institutions with an eye on financed emissions use Asset Impact to gain a detailed, bottom-up understanding of their emissions by scope, linking physical assets across the globe with the companies and securities that account for 75% of global emissions across 9 sectors. Explore the asset-based data financial institutions use for financed emissions: https://lnkd.in/gUp42tPD #emissions #scopemanagement #impact #business
The Role of Asset-Based Data in Climate Action
asset-impact.gresb.com
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The recent announcements of some high-profile companies withdrawing from the carbon credit scheme triggered skepticism about the efficacy of such projects, raising concerns about their actual climate benefits and facing accusations of greenwashing. The latest Viridios AI report indicates that the dynamic carbon credit market persists, witnessing a rise in retired credits. Encouragingly, new carbon removal technologies (direct air capture) have garnered significant interest from investors and global government support. Full article link here https://lnkd.in/eriSQckj
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2024 has already seen significant strides in climate-related disclosure regulation worldwide - from Singapore’s announcement of ISSB-aligned mandatory climate reporting to the SEC climate disclosure rules for companies and investors in the US. 🌏 Such developments signal a landmark shift in how companies will be required to disclose their emissions and use of #CarbonCredits, incentivising even greater strides in #ClimateAction. At Carbonplace, we’re pleased to see the implementation of ISSB regulation and welcome efforts for greater transparency in the #CarbonMarkets to unlock market growth and improve credit quality. As the market evolves amidst incoming regulations, Carbonplace well-positions users with essential tools including portfolio management, transparent pricing and real-time insights to facilitate comprehensive reporting. Learn more about how Carbonplace can empower your #Sustainability journey here: https://lnkd.in/e9cTt-5h
Carbonplace is a global carbon credit transaction network that will enable the simple, secure, and transparent transfer of certified carbon credits.
https://carbonplace.com
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Market for Carbon Credits Faces Fresh Blow as Offsets Slammed - a characteristic of technological revolutions is the creation of financial instruments that may not be effectively connected to real economy changes. https://loom.ly/BuPMbSA
Market for Carbon Credits Faces Fresh Blow as Offsets Slammed
energyconnects.com
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🌍 Passionate about sustainable solutions in HealthTech | Reducing CO2 Emissions | Enhancing Handprint | Seeking Positive Impact Opportunities | Co-creating Value with Customers | Let’s make a difference together! 💡
Scope 3 #emissions are an essential part of understanding an individual company’s impact on #climatechange. Whether its products and services will help to deliver a #netzero economy. Read good insights about investor perspectives on both the importance and the complexity of the #valuechain emissions. #scope3emissions #decarbonization
Investor approaches to scope 3: Its importance, challenges and implications for decarbonising portfolios
iigcc.org
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How much do you know about financed emissions? 🏦 They’re an elusive but important part of the #decarbonization puzzle for financial organizations. There’s a global commitment to achieving #NetZero emissions by 2050, but financial institutions, including banks, are still lagging behind in aligning their activities with climate transition objectives. Recent assessments highlight the substantial exposure of financial institutions' portfolios to transition risks and their insufficient alignment with sustainability goals. In 2023, it was revealed that significant portions of securities portfolios held by financial players across Europe were heavily invested in sectors directly impacted by climate policies, such as transportation and fossil fuels. France, for instance, saw investments totaling 940 billion euros in these sectors, highlighting the urgent need for realignment with sustainability objectives. Want to find out more about #financedemissions, and how your organization can track, report on, and act to reduce them? 🧐 ⬇ Click on the link in the comments (below) to read SWEEP's handy guide ⬇
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ICYMI: Last week the Biden Administration released its own principles for high-integrity engagement with voluntary carbon markets. The principles reflect the important role that carbon markets can play in driving emissions reduction, while recognising the need for robust guidelines around credit supply and demand. The announcement sends a strong signal for private sector participation in the VCM and emphasises the role of credits as complementary to at source emissions reduction actions. Read the full statement here: https://lnkd.in/e2w2U4-y #VCM #voluntarycarbonmarkets #carbonmarkets #carboncredits #emissionsreduction #corporatetransition #corporatesustainability #climateaction #climatechange #climatefinance #climatepolicy #netzero #netnegative
FACT SHEET: Biden-Harris Administration Announces New Principles for High-Integrity Voluntary Carbon Markets | The White House
whitehouse.gov
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