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The Nordic Code: offsetting should be used to exceed, not meet, net-zero targets

July 14, 2022 by Kenneth Möllersten, Hanna-Mari Ahonen and Lars Zetterberg

Kenneth Möllersten and Lars Zetterberg at IVL Swedish Environmental Research Institute and Hanna-Mari Ahonen at Perspectives Climate Research explain the main issues around the draft “Nordic Code of Best Practice for Voluntary Compensation of GHG”, published for consultation in June, which synthesises the most ambitious best practices for the voluntary use of carbon credits, including for offsetting. Focussing on non-state actors, the Nordic Code … [Read more...]

Filed Under: Energy, Policies Tagged With: accounting, CarbonCredits, emissions, ghg, NDC, netzero, offsetting, standards

Carbon Offsetting via old wind and solar farms is no way to reduce emissions

January 21, 2021 by Mark Maslin and Simon Lewis

Companies can offset their emissions by buying carbon credits, where the money goes to fund clean energy projects. But the carbon credit market includes credits for very old projects. This is a foolish waste, explain Mark Maslin and Simon Lewis at UCL (UK). The market must be based on the principle of additionality: the money should be aimed at projects that would not have happened otherwise, thereby causing emissions reductions that would not … [Read more...]

Filed Under: Energy, Markets, Renewables Tagged With: CarbonCredits, CarbonOffsets, emissions, markets, renewables, solar, wind

Most read this week

  • Financing Renewable Hydrogen globally: ramp up to 2030 only needs $150bn/year by Dolf Gielen | posted on May 26, 2023
  • Five charts on the Energy Transition: the 2020s is the decade of maximum disruption. By 2030 the endgame will be clear by Sam Butler-Sloss | posted on May 25, 2023
  • Making Hydrogen direct from seawater using double-membrane electrolysis by David Krause | posted on May 24, 2023
  • 10 Carbon Capture methods compared: costs, scalability, permanence, cleanness by Ella Adlen | posted on November 11, 2019
  • Understanding the new EU ETS (Part 2): Buildings, Road Transport, Fuels. And how the revenues will be spent by Simon Göss | posted on February 6, 2023
  • Micro-nuclear reactors: up to 20MW, portable, safer by Christina Nunez | posted on April 22, 2021
  • Oil & Gas can meet 2030 net-zero target for only $600bn, quickly recouped. But it’s still not happening, warns IEA by IEA | posted on May 22, 2023
  • Gravity Batteries: any nation can do it at scale using rocks by Simon Read | posted on July 27, 2022
  • The history of evidence of CO2-driven climate change starts in the mid-1800s by Marc Hudson | posted on May 23, 2023
  • The 10 big problems with simply replacing fossil cars with electric by Schalk Cloete | posted on December 6, 2021
  • EU Energy Outlook to 2060: how will power prices and revenues develop for wind, solar, gas, hydrogen + more by Alex Schmitt | posted on December 6, 2022
  • What’s best for Hydrogen transport: ammonia, liquid hydrogen, LOHC or pipelines? by Herib Blanco | posted on May 5, 2022
  • Enhanced Weathering: crushed rocks spread on farmland can capture billions of tons of CO2/year by Benjamin Houlton | posted on July 21, 2020
  • Hydrogen production in 2050: how much water will 74EJ need? by Herib Blanco | posted on July 22, 2021
  • U.S. EPA: new rules proposed for cutting Fossil Fuel-Fired Power Plant emissions by Cy McGeady | posted on May 30, 2023
  • Why hydrogen fuel cell cars are not competitive — from a hydrogen fuel cell expert by Zachary Shahan | posted on June 17, 2016
  • Modelling green Ammonia and Methanol in 2050. It will be expensive by Schalk Cloete | posted on September 9, 2022
  • EU Carbon Removal Certification Framework: new rules to turn greenwashing into genuine removals by Simon Göss | posted on May 16, 2023
  • China should comfortably meet its 2030 Renewables target. But its emissions? by Simon Göss | posted on February 21, 2022
  • Germany: will the end of feed-in tariffs mean the end of citizens-as-energy-producers by Isabel Sutton | posted on June 3, 2021

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      Recent Posts

      Perovskite: abundant, cheap, printable solar cells demonstrated, ready to generate power

      U.S. EPA: new rules proposed for cutting Fossil Fuel-Fired Power Plant emissions

      Financing Renewable Hydrogen globally: ramp up to 2030 only needs $150bn/year

      Five charts on the Energy Transition: the 2020s is the decade of maximum disruption. By 2030 the endgame will be clear

      Making Hydrogen direct from seawater using double-membrane electrolysis

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