#net zero carbon

[greenfue]

د.الهام فاروق محمد: البصمة الكربونية واستراتيجيات الحد من تغير المناخ

في ظل التحديات البيئية المتزايدة التي تواجه كوكب الأرض، أصبح فهم أسباب التغير المناخي والبحث في آليات الحد من هذه المسببات من أهم أولويات العمل البيئي الأكاديمي والتطبيقي على حد سواء. في هذا الإطار البصمة الكربونية (Carbon Footprint) تعد إحدى الأدوات المهمة المستخدمة لقياس الأثر البيئي للأنشطة البشرية، لاسيما فيما يتعلق بانبعاثات غازات الدفيئة (GHGs). أولا: مفهوم البصمة الكربونية البصمة الكربونية…

[carbon-market-chronicle]

Carbon Market Chronicles: 2023 Unveiled and 2024’s Inflection Points

The voluntary carbon market (VCM) witnessed both considerable progress and significant hurdles in 2023 as reviewed by the MSCI Carbon Markets in its recent webinar. 

The review includes key developments from 2023 and the potential inflection points to watch out for in 2024. Notably, the findings show that 2023 has the lowest number of credits issued in 3 years. In contrast, the year ended with a record number of monthly retirements. 

Here’s a recap of the webinar, focusing on carbon credit issuances and retirements, demand, key market players, investment, major policy developments, and 2024 outlook.

Peaks, Valleys, and 2023’s Record Retirements

In 2023, credit issuances recorded the lowest annual total in 3 years after falling 25% year-on-year, as seen below. This slow down in supply was largely due to Nature-based and renewable energy projects issuing their lowest annual amounts in 5 and 4 years, respectively. 

The MSCI report saw retirements rallied in Q4 2023, the second highest quarter on record. And that’s despite the slow down in corporate activity in mid-year. This momentum seems to have been carried into January this year. 

In fact, that’s the second highest January to date and may even exceed the 17 MtCO2 set in 2022. December 2023 alone has seen 36 megatons of credit retirement, setting a new monthly high, around 25% above the previous high record. 

When it comes to registries, the four largest, namely Verra, Gold Standard, ACR, and CAR continue to dominate the market. They provide more than 90% of the credits retired last year. 

Retirements from these “Big 4” registries actually rose last year by 6%, while retirements across the next ten prominent names dropped slightly in 2023. 

Of the top 10 retirees, Delta Airlines aced the first spot. They were also the largest retiree corporate in 2021 and 2022. While some of these companies exited the top 10 last year, others remain while new ones entered the market.

Shell topped the list in 2023 with around 16 million metric tonnes, followed by Volkswagen with over 8 MtCO2e. Overall, there are more joiners than leavers last year when it comes to retiring credits. 

Unlocking the Nascent Carbon Removal Market

Gaining a lot of interest in 2023 is the nascent CDR market, referring to high permanent engineered carbon removals. These include biochar and direct air capture, which usually command a premium price than other project types. That’s because they’re known to be of higher quality and high durability. 

Last year, the number of CDR transactions fell slightly year-on-year. But the quantity of credits, represented by the right hand chart, increased significantly to 5.4 million.  

Navigating the Ups and Downs of Carbon Credit  Prices 

The declining trend in 2022 was carried over into the first half of 2023. But looking at the average level, the drop wasn’t that much. It was only 16% lower in 2022 compared to 2023. 

In terms of price by project type for last year, all of them were lower in Q4, resulting in full year price declines. REDD+ projects saw the least drop, 15%, while renewable energy experienced the largest price decrease, 39%. 

Both energy efficiency (pink line) and REDD+ (green line) projects were subject to increased media and academic scrutiny in 2023. They sustained weaker prices.

Interestingly, both nature restoration and non-CO2 gasses projects rebounded in November and December last year. Meanwhile, energy efficiency, REDD+, and non-CO2 gasses converged around the same price level at $4.65 by the end of the year. 

This suggests that the market is not distinguishing between these project types, potentially signaling a weak market environment. 

Policy Developments in 2023: From EU Directives to COP28’s Uncharted Territories

Last year also saw some major policy developments. For instance, the EU’s green claims directive aims to empower consumers for the green transition directive. It bans claims of neutral, reduced, or positive climate impact based on carbon offsetting, on the grounds that it’s a misleading consumer practice. 

Moreover, the VCMI carbon integrity claims, the Claims Code of Practice (CCPs), is a significant regulation for the VCM.

There are also landmark regulations of market trading and standards wherein national governments are stepping in. For example, the US Commodity Futures Trading Commission (CFTC) introduced proposed guidance for trading of voluntary carbon credit derivative contracts. 

In the Global South, there has been growth in national carbon credit markets while carbon pricing systems and schemes are being proposed in several African countries. Amid increased scrutiny in carbon credits certified by Verra, the leading carbon certifier updated its standards. 

At the COP28 climate summit, carbon markets find their footing amid Article 6 frustrated talks. Article 6.2 rules are mostly in place but there’s a lack of Article 6.4 agreement on key steps. Disagreements centered on integrity concerns, yet Article 6 agreements are moving ahead. 

Looking forward, MSCI Head of Carbon Markets, Guy Turner, raised a pertinent question: “Could we be at an inflection point for the market in 2024?���

There could be a number of inflection points, five in particular. 

The potential new sources of demand driven by CORSIA, VCMI, SBTi, and more compliance markets in near and long term. 

Quality initiatives moving into implementation.

Jurisdictional approaches are starting to take off – whether by governments or donor institutions. High interests are observed in jurisdictional soil carbon and blue carbon.

Increasing clarity for corporations on claims and disclosures on the use of credits, with the EU and UK taking the lead.

Macroeconomic cycle turning but political uncertainties

In the ever-evolving landscape of the voluntary carbon market, 2023 marked both triumphs and challenges. From record retirements to the rise of CDR investments, the market navigated uncertainties. As 2024 unfolds, potential inflection points await, shaping the future trajectory of the global carbon market.

[green-carbon-wallet]

Green Carbon Wallet

Green Carbon Wallet is a comprehensive carbon credit platform that facilitates transparency, liquidity, and accountability in the carbon market. Our platform enables users to create and manage carbon credit projects seamlessly. From project initiation to completion, our tools support every stage, ensuring efficient documentation, monitoring, and reporting. This streamlined process helps maximize the environmental impact and financial returns of your sustainability initiatives

[ai-driven-sustainability]

AI-driven Sustainability and Net Zero Carbon

AI-driven NZE

Our AI-driven Net Zero Emissions (NZE) tracking employs artificial intelligence and machine learning algorithms to monitor, analyze, and report carbon emissions in real-time. This technology enables organizations to accurately measure their carbon footprint, identify reduction opportunities, and streamline reporting processes for more effective climate action strategies.

AI-driven GHG and ESG

AI-driven GHG and ESG reporting revolutionizes sustainability management by automating data collection, analysis, and disclosure processes. Advanced algorithms process vast datasets, ensuring accurate greenhouse gas calculations and comprehensive environmental, social, and governance metrics. This technology enhances reporting efficiency, transparency, and decision-making for organizations committed to sustainability goals.

[carbonmarket]

The voluntary carbon market (VCM) witnessed both considerable progress and significant hurdles in 2023 as reviewed by the MSCI Carbon Markets in its recent webinar. 

The review includes key developments from 2023 and the potential inflection points to watch out for in 2024. Notably, the findings show that 2023 has the lowest number of credits issued in 3 years. In contrast, the year ended with a record number of monthly retirements. 

Here’s a recap of the webinar, focusing on carbon credit issuances and retirements, demand, key market players, investment, major policy developments, and 2024 outlook.

Peaks, Valleys, and 2023’s Record Retirements

In 2023, credit issuances recorded the lowest annual total in 3 years after falling 25% year-on-year, as seen below. This slow down in supply was largely due to Nature-based and renewable energy projects issuing their lowest annual amounts in 5 and 4 years, respectively. 

The MSCI report saw retirements rallied in Q4 2023, the second highest quarter on record. And that’s despite the slow down in corporate activity in mid-year. This momentum seems to have been carried into January this year. 

In fact, that’s the second highest January to date and may even exceed the 17 MtCO2 set in 2022. December 2023 alone has seen 36 megatons of credit retirement, setting a new monthly high, around 25% above the previous high record. 

When it comes to registries, the four largest, namely Verra, Gold Standard, ACR, and CAR continue to dominate the market. They provide more than 90% of the credits retired last year. 

Retirements from these “Big 4” registries actually rose last year by 6%, while retirements across the next ten prominent names dropped slightly in 2023. 

Of the top 10 retirees, Delta Airlines aced the first spot. They were also the largest retiree corporate in 2021 and 2022. While some of these companies exited the top 10 last year, others remain while new ones entered the market.

Shell topped the list in 2023 with around 16 million metric tonnes, followed by Volkswagen with over 8 MtCO2e. Overall, there are more joiners than leavers last year when it comes to retiring credits. 

Unlocking the Nascent Carbon Removal Market

Gaining a lot of interest in 2023 is the nascent CDR market, referring to high permanent engineered carbon removals. These include biochar and direct air capture, which usually command a premium price than other project types. That’s because they’re known to be of higher quality and high durability. 

Last year, the number of CDR transactions fell slightly year-on-year. But the quantity of credits, represented by the right hand chart, increased significantly to 5.4 million.  

Navigating the Ups and Downs of Carbon Credit  Prices 

The declining trend in 2022 was carried over into the first half of 2023. But looking at the average level, the drop wasn’t that much. It was only 16% lower in 2022 compared to 2023. 

In terms of price by project type for last year, all of them were lower in Q4, resulting in full year price declines. REDD+ projects saw the least drop, 15%, while renewable energy experienced the largest price decrease, 39%. 

Both energy efficiency (pink line) and REDD+ (green line) projects were subject to increased media and academic scrutiny in 2023. They sustained weaker prices.

Interestingly, both nature restoration and non-CO2 gasses projects rebounded in November and December last year. Meanwhile, energy efficiency, REDD+, and non-CO2 gasses converged around the same price level at $4.65 by the end of the year. 

This suggests that the market is not distinguishing between these project types, potentially signaling a weak market environment. 

Policy Developments in 2023: From EU Directives to COP28’s Uncharted Territories

Last year also saw some major policy developments. For instance, the EU’s green claims directive aims to empower consumers for the green transition directive. It bans claims of neutral, reduced, or positive climate impact based on carbon offsetting, on the grounds that it’s a misleading consumer practice. 

Moreover, the VCMI carbon integrity claims, the Claims Code of Practice (CCPs), is a significant regulation for the VCM.

There are also landmark regulations of market trading and standards wherein national governments are stepping in. For example, the US Commodity Futures Trading Commission (CFTC) introduced proposed guidance for trading of voluntary carbon credit derivative contracts. 

In the Global South, there has been growth in national carbon credit markets while carbon pricing systems and schemes are being proposed in several African countries. Amid increased scrutiny in carbon credits certified by Verra, the leading carbon certifier updated its standards. 

At the COP28 climate summit, carbon markets find their footing amid Article 6 frustrated talks. Article 6.2 rules are mostly in place but there’s a lack of Article 6.4 agreement on key steps. Disagreements centered on integrity concerns, yet Article 6 agreements are moving ahead. 

Looking forward, MSCI Head of Carbon Markets, Guy Turner, raised a pertinent question: “Could we be at an inflection point for the market in 2024?”

There could be a number of inflection points, five in particular. 

The potential new sources of demand driven by CORSIA, VCMI, SBTi, and more compliance markets in near and long term. 

Quality initiatives moving into implementation.

Jurisdictional approaches are starting to take off – whether by governments or donor institutions. High interests are observed in jurisdictional soil carbon and blue carbon.

Increasing clarity for corporations on claims and disclosures on the use of credits, with the EU and UK taking the lead.

Macroeconomic cycle turning but political uncertainties

In the ever-evolving landscape of the voluntary carbon market, 2023 marked both triumphs and challenges. From record retirements to the rise of CDR investments, the market navigated uncertainties. As 2024 unfolds, potential inflection points await, shaping the future trajectory of the global carbon market.

[airoimarketplace]

Market Place

[airoi-sustainability-reporting]

Sustainability Reporting

Accelerate Your Sustainability Journey with Expert GRI Reporting

Let GHG Analytics Platform guide you through the complexities of sustainability reporting.

AIROI provides GRI Reporting as a Service which involves assisting organizations in preparing and managing their sustainability reports according to the Global Reporting Initiative (GRI) standards. This service helps companies accurately measure, manage, and disclose their environmental, social, and governance (ESG) performance. 

Are you ready to take your company’s ESG efforts to the next level? AIROI’s “Enhancement of  Sustianability Reprting” service and Framework are your pathways to excellence.

Our Approach

GRI Standards Implementation

Data Gathering:

Collecting necessary data on environmental impacts, social performance, and governance practices.

Data Integration:

Combining data from various sources such as operational systems, supply chain reports, and employee feedback.

Compliance with GRI Standards

Framework Adherence:

Ensuring alignment with GRI standards, which offer a comprehensive framework for sustainability reporting.

Report Preparation:

Developing sustainability reports that meet GRI’s requirements, including GRI Standards and the Universal Standards.

Performance Measurement and Analysis

KPI Development:

Creating and monitoring key performance indicators (KPIs) in accordance with GRI guidelines.

Benchmarking:

Comparing performance against industry standards or peers to evaluate sustainability effectiveness

Strategic Guidance

Goal Setting:

Helping organizations set and achieve meaningful sustainability goals.

Risk Management:

Identifying and addressing sustainability risks and opportunities in line with GRI reporting.

Stakeholder Engagement

Communication Strategy:

Developing strategies to effectively share sustainability performance with stakeholders, including investors, customers, and regulators.

Feedback Mechanisms:

Setting up systems for receiving and responding to stakeholder feedback on sustainability matters.

Technology and Tools

Reporting Software:

Providing access to specialized software and tools for data collection, analysis, and reporting according to GRI standards.

Data Analytics:

Leveraging analytics to gain insights from sustainability data and improve reporting accuracy.

Training and Capacity Building

Workshops and Training:

Offering training sessions to enhance the internal team’s understanding of GRI standards and sustainability reporting.

Guidance Materials:

Supplying resources and documents to support the internal reporting process.

Continuous Improvement

Performance Reviews:

Conducting regular evaluations to assess the effectiveness of sustainability practices and reporting

Update Recommendations:

Providing advice on updates and improvements based on the latest GRI standards and best practices.

Utilizing AIROI’s GRI reporting as a service enables organizations to ensure their sustainability reports comply with GRI standards, streamline reporting processes, and enhance transparency and accountability in ESG performance. This approach supports effective communication of sustainability efforts and achievements to stakeholders while advancing broader sustainability goals

[airoi-advisory]

Airoi.com-advisory/

Expert guidance to build a resilient and low-carbon future

AIROI’s cutting-edge AI-powered platforms are designed to revolutionize your Sustainability journey. By harnessing the power of artificial intelligence and machine learning, AIROI provides unparalleled insights and actionable strategies to enhance your organization’s sustainability efforts.

Our platforms offer real-time data analysis, predictive modeling, and comprehensive reporting capabilities, enabling you to make informed decisions and stay ahead of evolving GHG standards. AIROI simplifies complex GHG, ESG metrics, automates data collection, and identifies areas for improvement, allowing you to focus on what matters most – driving sustainable growth and creating long-term value for your stakeholders.

Are you ready to take your company’s ESG efforts to the next level? AIROI’s “Enhancement of ESG Performance” service and Framework are your pathways to excellence.

[air-quality-analytics]

Air Quality Analytics

Our Air Quality Analytics platform leverages data-driven technologies such as AI and ML to monitor, analyze, and interpret air quality metrics for various purposes including public health, environmental compliance, and urban planning. This platform integrates data from sensors, satellite observations, and weather models to provide real-time insights into air pollutant concentrations such as particulate matter (PM), nitrogen dioxide (NO2), sulfur dioxide (SO2), and ozone (O3).

The platform utilizes advanced analytics and visualization tools to process large datasets and generate actionable information. Users can access interactive dashboards displaying air quality trends, pollutant hotspots, and historical patterns. Machine learning algorithms are employed to predict air quality levels based on meteorological conditions and emission sources, aiding in proactive decision-making.

Key features of an Air Quality Analytics platform include customizable alerts for exceeding pollution thresholds, facilitating timely interventions. It also supports spatial analysis to identify vulnerable populations and prioritize mitigation strategies. Furthermore, the platform promotes data transparency by sharing insights with policymakers, researchers, and the public to raise awareness and drive policy changes.

By harnessing the power of data analytics, this platform enables stakeholders to implement targeted interventions, optimize pollution control measures, and promote sustainable practices. Ultimately, an Air Quality Analytics platform serves as a valuable tool in fostering healthier communities and advancing environmental stewardship.

Enable Breathable Air…Reduce Particulate Matter

Our Air Quality Analytics platform offers real-time and predictive insights with ML-driven dashboards, tracking AQI, pollutant levels, anomalies, and health warnings.

ML-Based Descriptive Dashboard (Historical)

Country, location-based AQIRolling averagesAnomaly detections with underlying attributesPM 2.5, PM 10, O3, SO3, NO3 levelsEvents tracking

ML-Based Predictive Dashboard

Country, location-based AQIRolling averagesAnomaly detections with underlying attributesPM 2.5, PM 10, O3, SO3, NO3 levelsForecasted events trackingHealth warnings

SaaS-Based Multi-Tenant Dashboards

[net0trace-emission]

Net0trace emission of our planet

AIROI’s cutting-edge AI-powered Net0Trace platform is designed to revolutionize your Sustainability journey. By harnessing the power of artificial intelligence and machine learning, Net0Trace provides unparalleled insights and actionable strategies to enhance your organization’s sustainability efforts.

Net0Trace offer real-time data analysis, predictive modeling, and comprehensive reporting capabilities, enabling you to make informed decisions and stay ahead of evolving GHG standards. Net0Trace simplifies complex GHG, ESG metrics, automates data collection, and identifies areas for improvement, allowing you to focus on what matters most – driving sustainable growth and creating long-term value for your stakeholders.

[ourplanetourresponsibility]

#airoi.com

Green Carbon Wallet

Green Carbon Wallet is a comprehensive carbon credit platform that facilitates transparency, liquidity, and accountability in the carbon market. Our platform enables users to create and manage carbon credit projects seamlessly. From project initiation to completion, our tools support every stage, ensuring efficient documentation, monitoring, and reporting. This streamlined process helps maximize the environmental impact and financial returns of your sustainability initiatives.

[santaclaralocalnews]

Last year, Sunnyvale opened its new city hall, a stunning LEED Platinum, Net Zero carbon building — the first in the U.S. — that was named one of the Business Journal’s 2022 Structures honorees for civic/public buildings. On April 20, Sunnyvale cut the ribbon on phase 2 of its new civic center: a six-acre park on the site of its former city hall buildings. The new park includes an intimate amphitheater for outdoor performances, established redwood and other heritage trees, as well as 100 (net) new trees. Read complete news at svvoice.com.

[esgjuly]

Benefits of establishing a net zero company

As a Net zero consultant, the globe is adapting to climate change's current inescapable impacts and potential future ones. Beyond the environmental benefits of lowering your emissions, your company will gain other advantages from achieving net zero. You ought to be vocal about your company's decision to go net zero after making some difficult choices. Consumers drawn to goods and services with minimal environmental impact are growing in awareness of climate change. Learn more about how to promote your environmental initiatives. You can advertise the real ecological advantages of your company's steps, and you can look to win recognition through business awards.

Being a Net Zero consultancy, Companies that sign the SME Climate Commitment will be acknowledged by the UN Race to Zero campaign and have their name or logo displayed on the SME Climate Hub. Through their yearly Responsible Business Awards, Business in the Community honours regional companies that are significantly committing to and contributing to climate change. Companies that show a genuine commitment to achieving net zero emissions will appeal to customers who care about the environment and can outperform rivals in terms of sales growth.

As one of the leading Net Zero carbon, Businesses must commit to net zero as a minimum condition for being considered for contracts in public sector tendering processes. Currently, contracts worth more than £5 million annually with the central UK government fall under this category. By the year 2050, most contracts, if not all of them, will probably follow suit. Although the effects of climate change may seem more pronounced in other regions of the world, businesses here will be affected. Short-term extreme weather events and longer-term climatic patterns may affect your supply chains. Achieving net zero status can significantly mitigate the impact of current and future economic, environmental, and regulatory shocks.

We are a Net zero, contracts worth more than £5 million annually with the central UK government fall under this category. By the year 2050, most contracts, if not all of them, will probably follow suit. Although the effects of climate change may seem more pronounced in other regions of the world, businesses here will be affected. Short-term extreme weather events and longer-term climatic patterns may affect your supply chains. Achieving net zero status can significantly mitigate the impact of current and future economic, environmental, and regulatory shocks. Know more about attracting investment. Net zero plans will become a crucial factor in investment decisions. While investing in and striving for the aforementioned possible benefits has risks, becoming a net zero firm can set you apart from competitors in your sector and help you capture a larger market share while others catch up.

[reasonandempathy]

Keeping Track of what Biden has done

dated 7.16.2024

At this point I think everyone, or at least every follower of mine, has seen this infographic from/about Politifact findings comparing Biden's campaign promises to what he's achieved. (link)

Putting together the Compromise (since compromise is expected in national politics), In The Works, and Kept categories we get to 64%. I

Let's run through a lot of what he has done or is in the process of doing, shall we?

I skipped a lot, and sure, there's a lot of room to move forward and be better on a lot of these. And I'm not a technocrat in all of these areas, so I'll even open each one up to "not being fully what it seems".

But Rejoining the Paris Climate Agreement is a huge fucking thing. Including being on track to be net-zero by 2050. There are parts of indian reservations that have never had electricity that are getting both electricity and 5g now. Allowing Medicare to negotiate some drug prices is a start, and it needs to negotiate more, but it's still very solid progress that will help millions of Americans.

Increasing Pell Grants and expanding healthcare access among black communities is very good. Decreasing maternal mortality and increasing domestic autoworker jobs are both awesome. Empowering Unions and the NLRB? Fuck yeah.

I don't think anyone was expecting Joe fucking Biden to be a Progressive/Socialist firebrand. I don't know anyone who fully believed he'd get a $15 federal minimum wage (awesome and meaningful as that would be). But this?

This is still good.

This is both good and miles better than Trump's policies.

[viggiq]

New Zealand government sued over ‘dangerously inadequate’ emissions reduction plan | New Zealand | The Guardian