Worthless forest carbon offsets
A study published in the journal Science has confirmed concerns raised in a Guardian article earlier in the year that more than 90% of carbon offset credits from rainforest conservation projects are ineffective.
Canada’s net-zero electrical grid
The Canadian government has revealed a draft of the Clean Energy Regulations, aiming to achieve a net-zero emissions electricity grid by 2035. Canada, with 84% of its electricity coming from clean sources like hydro, solar, wind, and nuclear, proposes a new emissions performance standard to decarbonize the remaining grid.
G20 funded $1tn in fossil fuel subsidies
A report from the International Institute for Sustainable Development (IISD) has exposed that despite their pledge to reduce fossil fuel subsidies, the G20 nations allocated an all-time high of $1.4 trillion to coal, oil, and gas industries in 2022.
As wildfires grow, will planting trees offset carbon?
Younger trees are more vulnerable to wildfires, posing a challenge to Canada’s reforestation efforts aimed at meeting climate goals. Canada has experienced numerous wildfires this year, with over 12 million hectares burned, releasing 249 million tonnes of carbon as of mid-July.
US picks carbon capture hubs
The US Department of Energy (DOE) has chosen the first two sites, located in Louisiana and Texas, to host facilities aimed at capturing carbon dioxide (CO2) from the atmosphere and storing it underground. These sites will be funded through the bipartisan infrastructure bill passed early in President Biden’s term.
UK carbon prices tumble
Industrial companies in the UK now face less strict financial burdens for polluting after the government “watered down” reforms compared with those set by the EU, the Financial Times reported last week.
Floating solar panels to provide unlimited energy
Large installations of solar panels floating on calm seas near the Equator could provide virtually unlimited solar energy to densely populated countries in Southeast Asia and West Africa.
Promises of enhanced geothermal power
Last week Fervo Energy announced it successfully operated Project Red in the northern Nevada desert over a 30-day test period, generating 3.5 megawatts of clean electricity, more than any other enhanced geothermal plant in the world. Project Red expects to connect to the power grid later this summer, delivering 5 megawatts to Google’s Las Vegas …
Sub-Saharan Supergrid
Africa is an emensly large continent. It is big enough that you could put China, India and the USA inside of it with room to spare for the most populous nations of Europe. It consists of 1.2 billion people, 55 countries, hundreds of languages and extreme variations in geography.
How to effectively choose carbon credits
Around the world, businesses are taking drastic measures to minimize their environmental impact, from slashing carbon emissions to utilizing recycled materials to minimizing corporate travel. Carbon offsets have become a major tool for companies looking to reduce their climate impact.