In voluntary carbon markets, buyers (like big companies with emissions) voluntarily purchase and trade in offsets generated from emissions reduction or removal projects elsewhere. And in early 2023 momentum was building for them, but that soon collapsed as evidence of greenwashing grew: forestry programs were significantly overestimating their value. Allegra Dawes at CSIS lays out the background before explaining that systems must be put in place … [Read more...]
Carbon Footprints for every product: the need for sector-specific, comprehensive granular data and accounting
As governments and consumers increasingly want to know the carbon footprints of individual products, all actors in the global supply chain are under pressure to measure them, and accurately. But existing voluntary emissions reporting frameworks need to greatly improve the quality of their data and accounting processes, explain Nicole Labutong, Wenjuan Liu and Iris Wu at RMI. Blind spots can lead to meaninglessly inaccurate measurements. It’s far … [Read more...]