Carbon offset

Barings Announces 2030 Net Zero Target for Global Operations

Retrieved on: 
Wednesday, July 14, 2021
Renewable energy, Greenhouse gas emissions, Articles, Energy policy, Sustainable development, Energy, Carbon finance, Environmentalism, Carbon neutrality, Carbon offset, 100% renewable energy, Sustainability

With this announcement, it is setting out the path to achieve net zero in its global operations by 2030.

Key Points: 
  • With this announcement, it is setting out the path to achieve net zero in its global operations by 2030.
  • "While we will need to utilize carbon offsets to achieve neutrality in 2021, our true focus is on changing the behaviors of our employees and partners that will allow us to achieve our net zero target," said Sarah Munday, Barings Director of Sustainability.
  • Barings is working actively to support MassMutual's climate commitments of being operational net zero by 2030 and GIA net zero by 2050.
  • For instance, Barings Global Technology and Operations team has already reduced the firm's European data center footprint by 74% and the Barings London office operates on 100% renewable energy and green gas.

Mountain Valley Pipeline Announces Plan to Offset Carbon Impacts

Retrieved on: 
Monday, July 12, 2021
Coal, Energy, Environment, Oil, Gas, Greenhouse gas emissions, Renewable energy, Carbon finance, Greenhouse gases, Air pollution, Environment of Virginia, Environment of West Virginia, Mountain Valley Pipeline, Carbon offset, Carbon neutrality, Environment of the United States, Business action on climate change

Mountain Valley Pipeline, LLC (Mountain Valley), today announced plans that would make it one of the first interstate natural gas transmission pipelines to acquire carbon offsets for its operational emissions.

Key Points: 
  • Mountain Valley Pipeline, LLC (Mountain Valley), today announced plans that would make it one of the first interstate natural gas transmission pipelines to acquire carbon offsets for its operational emissions.
  • Under the plan, Mountain Valley would purchase carbon offsets to make MVPs operational emissions carbon neutral for the first 10 years of service.
  • Once MVP is placed in-service, Mountain Valley expects to purchase more than $150 million of carbon offsets during its initial 10 years of operations.
  • The Mountain Valley Pipeline (MVP) is a proposed underground, interstate natural gas pipeline system that spans approximately 303 miles from northwestern West Virginia to southern Virginia.

Healthy Baked Goods Company Bougie Bakes Launches Reusable Packaging and Carbon Neutral Delivery

Retrieved on: 
Wednesday, July 7, 2021
Food and drink, Foods, Articles, Carbon finance, Packaging, Ecolabelling, Labels, Sustainable packaging, Waste minimisation, Carbon offset, Cookie

LOS ANGELES, July 7, 2021 /PRNewswire/ -- Bougie Bakes ( www.bougiebakes.com ), a Los Angeles-based maker-distributor of healthy snack alternatives, will now ship their delicious bakes in completely sustainable packaging.

Key Points: 
  • LOS ANGELES, July 7, 2021 /PRNewswire/ -- Bougie Bakes ( www.bougiebakes.com ), a Los Angeles-based maker-distributor of healthy snack alternatives, will now ship their delicious bakes in completely sustainable packaging.
  • Reusable cookie tins, eco-friendly cellulose film, and a carbon offset algorithm highlight the packaging overhaul.
  • "Sustainability has always been a focus," says Meghan Quinn Co-Founder and Chief Creative Officer at Bougie Bakes.
  • Bougie Bakes now becomes one of the only e-commerce brands that offset 100% of their carbon emissions generated from shipping.

Marubeni and Navigator Gas: World's First Carbon Neutral Ethylene Voyage

Retrieved on: 
Wednesday, July 7, 2021
Chemical compounds, Greenhouse gas emissions, Shipping companies, Chemistry, Renewable energy, Carbon finance, Carbon dioxide, Navigator Gas, Carbon neutrality, Marubeni, Carbon offset

LONDON, July 7, 2021 /PRNewswire/ -- Marubeni Corporation ("Marubeni") and Navigator Holdings Ltd. ("Navigator Gas"), the owner and operator of the world's largest fleet of handysize liquefied gas carriers, today announce that they will achieve an environmental milestone with the world's first carbon neutral ethylene voyage.

Key Points: 
  • LONDON, July 7, 2021 /PRNewswire/ -- Marubeni Corporation ("Marubeni") and Navigator Holdings Ltd. ("Navigator Gas"), the owner and operator of the world's largest fleet of handysize liquefied gas carriers, today announce that they will achieve an environmental milestone with the world's first carbon neutral ethylene voyage.
  • Marubeni and Navigator Gas will ensure this voyage is carbon neutral through offsetting the CO2 emissions[1] from the voyage by investing in an environmental project in Cambodia designed to reduce emissions from deforestation and forest degradation.
  • Due to the increasing customer requirements for low carbon and carbon neutral solutions, Marubeni intends to further develop this service for its customers.
  • "We are happy to achievethefirst ever carbon neutral ethylene voyage together with Navigator Gas.

Cloverly Secures $2.1 Million Seed Round, Announces New CEO

Retrieved on: 
Wednesday, July 7, 2021
Greenhouse gas emissions, Carbon finance, Carbon offset, Renewable energy, API

ATLANTA, July 7, 2021 /PRNewswire/ -- Cloverly , the leading API for carbon offsetting, announced today the closing of a $2.1 million seed round.

Key Points: 
  • ATLANTA, July 7, 2021 /PRNewswire/ -- Cloverly , the leading API for carbon offsetting, announced today the closing of a $2.1 million seed round.
  • We believe the market opportunity for Cloverly is significant, and the company has seen meaningful traction to date across multiple categories.
  • Since launching on Earth Day in April 2019, Cloverly, in partnership with their brand partners, has offset over 55 million pounds of carbon.
  • The Cloverly API can be used to neutralize everyday carbon-emitting activities like air travel, ecommerce deliveries, financial transactions, ridesharing, supply chain, and more.

CIBC, Itaú, NAB and NatWest Group launch carbon offset platform to drive transparency in Voluntary Carbon Market

Retrieved on: 
Wednesday, July 7, 2021
Carbon finance, Climate change policy, Articles, Financial services, Finance, Greenhouse gas emissions, Renewable energy, Mark Carney, Alison Rose, NatWest Group, Carbon offset, Emissions trading

In alignment with the leading Taskforce on Scaling Voluntary Carbon Markets (TSVCM), established by Mark Carney, UN Special Envoy for Climate Action and Finance, the project helps remove current barriers to voluntary carbon offset purchasing.

Key Points: 
  • In alignment with the leading Taskforce on Scaling Voluntary Carbon Markets (TSVCM), established by Mark Carney, UN Special Envoy for Climate Action and Finance, the project helps remove current barriers to voluntary carbon offset purchasing.
  • Project Carbon will initially be launched as a pilot in August to demonstrate the operational, legal and technical capability of the platform.
  • The team is keen to invite like-minded institutions to join the cohort to help deliver a shared service platform that the group believes will be fundamental to the scaling of the Voluntary Carbon Market.
  • Victor Dodig, President and Chief Executive Officer, CIBC; Milton Maluhy Filho, CEO, Ita Unibanco; Ross McEwan, Group CEO, National Australia Bank; Alison Rose, CEO, NatWest Group.

CIBC, Itaú, NAB and NatWest Group launch carbon offset platform to drive transparency in Voluntary Carbon Market

Retrieved on: 
Wednesday, July 7, 2021
Carbon finance, Climate change policy, Articles, Financial services, Finance, Greenhouse gas emissions, Renewable energy, Mark Carney, Alison Rose, NatWest Group, Carbon offset, Emissions trading

In alignment with the leading Taskforce on Scaling Voluntary Carbon Markets (TSVCM), established by Mark Carney, UN Special Envoy for Climate Action and Finance, the project helps remove current barriers to voluntary carbon offset purchasing.

Key Points: 
  • In alignment with the leading Taskforce on Scaling Voluntary Carbon Markets (TSVCM), established by Mark Carney, UN Special Envoy for Climate Action and Finance, the project helps remove current barriers to voluntary carbon offset purchasing.
  • Project Carbon will initially be launched as a pilot in August to demonstrate the operational, legal and technical capability of the platform.
  • The team is keen to invite like-minded institutions to join the cohort to help deliver a shared service platform that the group believes will be fundamental to the scaling of the Voluntary Carbon Market.
  • Victor Dodig, President and Chief Executive Officer, CIBC; Milton Maluhy Filho, CEO, Ita Unibanco; Ross McEwan, Group CEO, National Australia Bank; Alison Rose, CEO, NatWest Group.

Bruce Power and Westario Power team up to explore carbon offset initiatives in Canada’s Clean Energy Frontier

Retrieved on: 
Monday, July 5, 2021
Greenhouse gas emissions, Renewable energy, Carbon finance, Carbon offset, Carbon neutrality, Bruce Power, Articles, Energy, Natural Resources

Tiverton, ON, July 05, 2021 (GLOBE NEWSWIRE) -- Westario Power Inc. and Bruce Power are teaming up to explore opportunities to deliver projects focused on removing and offsetting carbon emissions.

Key Points: 
  • Tiverton, ON, July 05, 2021 (GLOBE NEWSWIRE) -- Westario Power Inc. and Bruce Power are teaming up to explore opportunities to deliver projects focused on removing and offsetting carbon emissions.
  • Were excited to be collaborating with Westario and look forward to a partnership that expands clean energy use and involves residents and visitors coming to Grey, Bruce and Huron counties; the Clean Energy Frontier, said Mike Rencheck, President and CEO of Bruce Power.
  • Earlier this year, Bruce Power announced a carbon offset program that will fund grassroots Net Zero initiatives that will both remove and offset carbon emissions.
  • Jenny Alfandary, President and CEO of Westario Power, said she is confident that the partnership can achieve transformative results for our community.

BTCE, Europe’s Leading Physical Bitcoin ETC Announces It’s Going Carbon Neutral

Retrieved on: 
Friday, July 2, 2021
Professional services, Environment, Technology, Other Technology, Alternative energy, Energy, Finance, Greenhouse gas emissions, Bitcoin, Renewable energy, Carbon finance, Payment systems, Cryptocurrencies, Articles, Currency, Carbon offset, Carbon neutrality, Carbon credit, Carbon footprint

ETC Group has today announced that its leading crypto ETP BTCetc - ETC Group Physical Bitcoin (BTCE) will be the first Bitcoin ETP to go carbon neutral.

Key Points: 
  • ETC Group has today announced that its leading crypto ETP BTCetc - ETC Group Physical Bitcoin (BTCE) will be the first Bitcoin ETP to go carbon neutral.
  • ETC Group will offset the carbon footprint of BTCE, its flagship Bitcoin ETP, with hand-selected, high quality carbon credits, compensating for the CO2e1 emissions associated with BTCE Bitcoin mining and transaction activities.
  • These carbon credits will support projects curated and managed by some of the most respected climate and conservation groups in the world.
  • View the full release here: https://www.businesswire.com/news/home/20210702005260/en/
    ETC Group's Bitcoin Carbon Offset Initiative (Photo: Business Wire)
    This latest innovation follows a series of other world firsts.

ICE Announces Record Growth in North American Environmental Products as the Market Prices Climate Risk

Retrieved on: 
Thursday, July 1, 2021
Professional services, Data management, Technology, Finance, Networks, Internet, Hardware, Climate change policy, Carbon finance, Environmental policy, Articles, Politics of climate change, Emissions trading, Futures exchanges, Economy of London, Intercontinental Exchange, Carbon offset, Certified Emission Reduction, New York Stock Exchange

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced record growth in ICEs North American environmental complex as increasing numbers of participants use these markets to price and manage climate risk.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced record growth in ICEs North American environmental complex as increasing numbers of participants use these markets to price and manage climate risk.
  • ICE has been active in carbon offset markets since 2008, with more than 3 billion tons of Certified Emission Reductions (CERs) traded on ICE.
  • Meanwhile, the number of participants trading both European and North American carbon markets at ICE grew by approximately 85%.
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.