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Watch the Podcast Video on our YouTube Channel There has been a global shift towards the sustainability effort in recent years, highlighted by various regulations and schemes aimed at businesses to help encourage a more sustainable way of operating. This has led to more focus on the voluntary use of carbon markets, in which companies help to fund decarbonisation projects by buying carbon credits. In this episode Mel is joined by Tiffany Cheung, the Corporate Engagement Lead at carbon markets data company AlliedOffsets, as they discuss the landscape of the market, including current trends, decarbonisation challenges in different sectors, and top tips for navigating the space. You'll learn · What impact will corporate disclosures have on the carbon markets? · What are the rates of decarbonisation across different sectors? · What are the emerging buyer trends within the voluntary carbon market? · What is an internal carbon price? · How can companies use a carbon price to ensure that their sustainability goals are financially viable? · How can AlliedOffsets' data help companies when entering the carbon market? · What are the critical steps businesses should take to mitigate price volatility and ensure that they're investing in high quality, impactful carbon offsetting projects? Resources · AlliedOffsets · AlliedOffsets LinkedIn · AlliedOffsets Corporate Emissions Data and Findings · Carbonology In this episode, we talk about: [00:30] Episode Summary – Tiffany Cheung joins Mel to discuss buyer trends in the voluntary carbon market (VCM), including insights on the use of internal carbon prices and top tips for businesses looking to enter the market. Don't forget to catch-up on the previous episode where Tiffany explains what the voluntary carbon market is and gives an insight into the lifecycle of carbon credits. [01:30] What impact will increased corporate disclosures have on the carbon markets? There are 2 main points: 1. Already on the Agenda: Increased corporate sustainability disclosure may already fit into the changes that are taking place within the thinking of a company. If a company is spending time on creating and publishing reports on their sustainability initiatives, it is likely that they will be exploring their options for how they can take action more broadly.This is likely to be associated with increased engagement with the voluntary carbon markets, both through offsetting of carbon footprints and investing in carbon credits or project developers. 2. Project Developer benefits: Project developers will likely benefit from increased insight to the kinds of projects that buyers are purchasing credits from. As a by-product, there may be more focused projects created based off what certain sectors are willing to offset or invest in. [02:55] What are the rates of decarbonisation across different sectors? To give a macro view from the public data available in corporate sustainability reports over the last few years, the biggest total polluters by sector continue to be energy, maritime, transportation and materials and mining. Looking at the positives, the energy sector, which has historically been the biggest polluter, has decreased its emissions in both scopes 1 and 2 since 2019. However, there's still a very long way to go, and with major emitters recently rolling back their climate commitments, one shouldn't assume that that trend will continue linearly. Another sector facing an interesting decarbonization journey is aviation, whose emissions have been increasing in recent years, although not quite to pre-COVID pandemic levels. This sector will have to grapple with its emissions whilst contending with forecasted growth in both consumer and business travel over the next decade. Many aviation companies are both committed to Science Based Targets initiatives (SBTi) and fall under CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation), applying pressure on the sector to decarbonize as a whole. On a positive note, 18 sectors assessed by AlliedOffsets have decreased their average carbon emissions in scope 2 over the past few years, due in large part to increased renewable energy sourcing and improved energy efficiency. [07:10] What are the emerging buyer trends within the VCM?: AlliedOffsets are in a particularly good position to provide insight to this due to their comprehensive view of both historic buyer activity and new market entrants across the world. Chinese and German manufacturers have become a steady presence in the market, distinguished by their especially detailed credit retirement information. They'll go as far as to specify the products and operating periods that are being offset, showing really high levels of engagement with their environmental impact and giving clear insight on their targeted offsetting approach. Another buyer trend to highlight is occurring within the Australian market, where AlliedOffsets is seeing lots of credit retirement associated with the carbon neutrality certification scheme Climate Active. This is driving most voluntary retirements from the region, particularly from real estate and pension funds. [09:15] What is an internal carbon price? An internal carbon price is a specific cost or budget set by a company for the carbon or other greenhouse gas emissions that are associated with their specific business activities. This is typically based off of something like the World Bank calculations on the cost of climate change to society, or it could be based on the price of carbon set by an compliance emissions trading scheme (ETS) that is local to that business. [10:20] How can companies use a carbon price to ensure that their sustainability goals are financially viable?: For example, EasyJet has an internal carbon price that's based off of the UK emissions trading scheme. That internal carbon price is factored into the airline's master financial models and that drives their 5 - 10 year long financial plans. That helps to determine things like the geographical routes that EasyJet operates, which can affect profitability. An internal carbon price makes emissions tangible and material, playing a role in the wider business decisions. An airline operator is considered a big emitter and is likely to already be exposed to some kind of compliance carbon scheme which has a financial impact on the company. Nonetheless, having an internal carbon price can be useful regardless of how big your business is, as it can be used to budget certain activities and see where emissions might be centralised in a particular department. An example of this in practice may be that you have an internal carbon price of £50 per tonne, you can take that to an emissions calculator or advisor to work out a budget based on the carbon footprint of different activities or departments in the business. The idea being that if you can identify the cost associated with the emissions created, you know how much to spend to decarbonize. This process may also highlight where you can make further reductions, i.e. reducing air travel and supporting staff on switching to less polluting forms of transport. [12:55] How can AlliedOffsets data help companies interested in an internal carbon price?: AlliedOffsets has data on the carbon pricing programmes used by companies to set their internal carbon price, as well as the specific price itself for hundreds of different companies. This dataset also includes companies that haven't chosen to use a particular pricing scheme but have set an internal carbon price based just off of their unique activities. This helps to contextualize the current range of internal carbon prices and the logic behind them. [13:50] The need for regular review: Internal carbon pricing is something that needs to be reviewed on a regular basis as the costs associated with emitting in some business locations is not going to remain the same. This can also be affected by national legislation, which can increase the financial risk of emitting. Tiffany recommends reviewing your internal carbon pricing at least annually. They're seeing an emerging trend within the environmental space where sustainability related impacts within a company are being sequestered into their wider financial operations. The impacts of climate change are going to become more material to businesses in the very near future. As a result of this, it makes sense for businesses to assess their internal carbon price as part of their annual financial reviews. [16:30] What are the critical steps businesses should take to mitigate price volatility and ensure that they're investing in high quality, impactful projects? Tiffany recommends the following steps: 1. Focus on decarbonising your business operations first and engaging with your suppliers to tackle scope 3 emissions as well. It's more beneficial to both the business and environment for you to reduce emissions as much as possible, so you have a smaller residual footprint to offset. 2. Decide what kind of projects / carbon credits you want to spend money on, whether it's offsetting or investing. Besides the climatic impact, there are many co-benefits of carbon projects to choose from, such as improved biodiversity, water supply, or workplace gender equality. Knowing what is valuable to you and your business will help in the selection of these projects. 3. Build strong relationships with developers directly where possible and buy credits directly, in advance. This also has the benefit of ensuring a supply of carbon credits into the future without the worry about how the market might change or become more volatile within the next couple of years. 4. If your business is operating at quite a significant scale, it would be wise to work with another company that's focused on the voluntary carbon market, like AlliedOffsets. They can provide guidance and forecasting for the specific projects or sectors you'd like to buy from, reducing uncertainty on the future of the market. [20:00] Have faith in the impact of the voluntary carbon market – The voluntary carbon market has been through a turbulent period of time, and it's alright to feel cautious about entering a space which has been unstable in the past. The concerns about reputational risk associated with offsetting have greatly reduced in the last few years, and it's set to reduce further as the voluntary and compliance markets merge and integrity improves. However, if you decide that offsetting isn't right for your business, there are still other tools that you can take from the voluntary carbon markets to help drive decarbonisation, such as internal carbon pricing. If you'd like to learn more about AlliedOffsets, visit their website! If you'd like any assistance with carbon standards, get in touch with Carbonology, they'd be happy to help! 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Flying is one of the most carbon-intensive activities. In fact, if you fly, it is probably the most polluting thing that you do. Yet, aviation remains one of the toughest sectors to decarbonise, as battery technology and alternative fuels still struggle to match the efficiency of jet fuel.In this episode, James and Daisy – who both love travelling – confront the challenging topic of aviation. What are the environmental impacts of aviation? Should we stop flying? What are the alternatives?SOME RECOMMENDATIONS:Mike Berners-Lee is a researcher and writer on carbon footprinting and has written articles on how cutting aeroplane contrails is an easy climate win. - https://www.ft.com/content/d0292413-5fcf-4ab9-b738-8da289fd4987Carbon Brief (2020) – This article calculates the true climate impact of aviation emissions and describes the impact of CO2 and non-CO2 effects. - https://www.carbonbrief.org/guest-post-calculating-the-true-climate-impact-of-aviation-emissions/ OTHER ADVOCATES, FACTS, AND RESOURCES:The Seventh Carbon Budget (2025) – Section 7.6 describes the UK's aviation emissions and the Balanced Pathway for the aviation sector. - https://www.theccc.org.uk/wp-content/uploads/2025/02/The-Seventh-Carbon-Budget.pdfThe Chicago Convention on International Civil Aviation was signed in 1944 and went into effect in 1947. It established the International Civil Aviation Organization (ICAO) and set the framework for global civil aviation.The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) is a carbon offset and carbon reduction scheme to lower CO2 emissions for international flights and curb the aviation impact on climate change. CORSIA uses market-based environmental policy instruments to offset CO2 emissions: aircraft operators have to purchase carbon credits from the carbon market. - https://www.icao.int/environmental-protection/CORSIA/Pages/default.aspxJack Sweeney shares information about the locations of private planes of the rich and powerful on his social media accounts, including Elon Musk and Taylor Swift. - https://x.com/Jxck_Sweeney?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5EauthorClimate Perks – The employee benefits scheme which gives staff the opportunity to take extra days off work if they choose low-carbon travel rather than flying when they go on holiday. - https://www.climateperks.com/ IPCC (1999) – There is a range of options to reduce the impact of aviation emissions, including changes in aircraft and engine technology, fuel, operational practices, and regulatory and economic measures. - https://www.ipcc.ch/report/aviation-and-the-global-atmosphere-2/ Our World in Data (2024) – “Aviation accounts for 2.5% of global CO₂ emissions. But it has contributed around 4% to global warming to date.” - https://ourworldindata.org/global-aviation-emissionsICAO (2019) – 65% of aviation's CO2 emissions are in international airspace and, therefore, do not necessarily “belong” to individual nation states. - https://www.icao.int/environmental-protection/Documents/EnvironmentalReports/2019/ENVReport2019_pg17-23.pdfCarbon Brief (2025) – “A forest twice the size of Greater London would need to be planted in the UK to cancel out the extra emissions from the expansion of Heathrow, Gatwick and Luton airports.” “…offsetting these emissions would require more than 300,000 hectares of trees to be planted within just a few years. This equates to all the trees planted in the UK since 2000.” - https://www.carbonbrief.org/analysis-uk-would-need-forest-twice-size-of-london-to-offset-new-airport-expansion/ Thank you for listening! Please follow us on social media to join the conversation: LinkedIn | https://www.linkedin.com/company/fossil-vs-future/Instagram | https://www.instagram.com/fossil_vs_future/ TikTok | https://www.tiktok.com/@fossil_vs_future You can also now watch us on YouTube - https://www.youtube.com/@fossil_vs_future Music: “Just Because Some Bad Wind Blows” by Nick Nuttall, Reptiphon Records. Available at https://nicknuttallmusic.bandcamp.com/album/just-because-some-bad-wind-blows-3Producer: Podshop Studios - https://www.podshoponline.co.uk/ Huge thanks to Siobhán Foster, a vital member of the team offering design advice, critical review and organisation that we depend upon.Stay tuned for more insightful discussions on navigating the transition away from fossil fuels to a sustainable future.
We put out the world's first price forecast for Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA)! In it we analyzed the potential demand, supply and prices for credits under CORSIA, and how much the scheme could cost the airline industry in terms of higher ticket prices or lower profits. In this episode we explore the reports findings from one of its main authors, Faris Pleho. Enjoy! Report: CORSIA: Costs and Implications for the Airline Industry Host: Mike Disabato, MSCI ESG ResearchGuest: Faris Pleho, MSCI Carbon Markets
If you missed part 1 of this series, that's where we explore the supply side of these essential forest conservation carbon credits. Now, let's focus on the demand side. Why do organizations purchase ‘Reducing Emissions from Deforestation and forest Degradation' (REDD+) credits, and how do these transactions support global sustainability goals? As of November 2024, this subject is timely as some REDD+ programs just received the Core Carbon Principles (CCP) label, recognising high-quality carbon credits that create verifiable climate impact. Erika Schiller is joined by Bryan McCann, Senior Director of Corporate Solutions at Climate Impact X & early leader at LEAF Coalition, and Anna Stablum, ClimeCo's Director of Business Development in Asia. Learn how companies use REDD+ credits in voluntary and compliance markets, the claims associated with these purchases, and the challenges to ensure credit quality and transparency. They also discuss the role of international frameworks like Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) and the Paris Agreement's Article 6 in driving demand, highlighting how these programs encourage corporate sustainability strategies while fostering global cooperation on emissions reduction. Discover how REDD+ demand drives corporate climate action and why this market is essential for mitigating climate change. This episode references recent ICVCM approvals of new REDD+ methodologies, including ART TREES v2.0, Verra VCS VM0048, and the Jurisdictional and Nested REDD+ Framework, which aim to improve the credibility of carbon credits. Subscribe to the ESG Decoded Podcast on your favorite streaming platforms and social media to be notified of new episodes. Enjoy tuning in! Episode Resources: What is REDD+? - https://unfccc.int/topics/land-use/workstreams/redd/what-is-redd Natural Climate Solution - https://www.pnas.org/doi/10.1073/pnas.1710465114 LEAF Coalition: https://www.leafcoalition.org/ LEAF Coalition funding to Brazil: Para-ERPA-announcement-Emergent-Final.pdf (emergentclimate.com)
Tuesday, November 5, 2024 Sliced: Letters of Authorization In this week's Sliced, we discuss a key element of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) mechanism for the global aviation industry - Letters of Authorization. -- Sliced is a weekly short-form dispatch released every Tuesday that features original thought pieces from our team members with the goal of slicing apart the various complex aspects of climate finance. If you want to check out the written version of Sliced, click here. And if you want to receive Sliced to your inbox, click here. Sliced is produced by Gordian Knot Strategies. It is written, narrated, and edited by Jay Tipton. Visit us at www.gordianknotstrategies.com. Music is by Coma-Media.
Hear from Gordon Bennett, Managing Director at ICE, as we dive into theory and practice of carbon pricing and its important role in driving the transition to net zero. Carbon pricing is the poster child of market-based solutions to climate change. The principle is simple: by assigning a cost to greenhouse gas emissions, we incentivize polluters to emit less, and to do so in the most cost-effective way. But there's a significant gap between the theory and practice. Currently, only 24% of global emissions – about 12.8 gigatonnes – are covered by pricing mechanisms such as carbon taxes or cap-and-trade. On top of that, just half a gigatonne was traded in voluntary markets last year. Clearly, there's still a long way to go. In this episode, we explore the carbon pricing gap, including: Why it exists, what's needed to close it; The integrity challenges facing voluntary carbon markets, and how to address them; And how central counterparties can help drive the transition by ensuring transparent, reliable pricing. To find out more about the Sustainability and Climate Risk (SCR®) Certificate, follow this link: https://www.garp.org/scr For more information on climate risk, visit GARP's Global Sustainability and Climate Risk Resource Center: https://www.garp.org/sustainability-climate If you have any questions, thoughts, or feedback regarding this podcast series, we would love to hear from you at: climateriskpodcast@garp.com Links from today's discussion: The World Bank's Carbon Pricing Dashboard: https://carbonpricingdashboard.worldbank.org/ Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA): https://www.icao.int/environmental-protection/CORSIA/Pages/default.aspx GARP Climate Risk Podcast with Simon Sharpe: https://www.garp.org/podcast/five-times-faster-cr-240321 The Oxford Offsetting Principles: https://www.smithschool.ox.ac.uk/research/oxford-offsetting-principles GARP Climate Risk Podcast with Mark Campanale: https://www.garp.org/podcast/net-zero-supply-side-issues-cr-220303 Speaker's Bio(s) Gordon Bennett, Managing Director of Utility Markets and Global Head of Environmental Markets, ICE Gordon has been Managing Director at Intercontinental Exchange, Inc. (ICE) since February 2015. Mr. Bennett is responsible for the sales and business development of ICE's global environmental portfolio, the world's largest environmental marketplace. He is a member of the Board of ICE Endex, ICE Futures Abu Dhabi, Spark Commodities and a member of the Strategic Advisory Board of BeZero Carbon. He contributes to a wide range of external environmental and energy market initiatives including a member of the Nature Based Solutions Taskforce of the Sustainable Markets Initiative, the Transition to Net Zero Working Group of the Climate Financial Risk Forum, the City of London VCM Steering Committee, the VCMI Stakeholder Forum, the Advisory Board of the University of Cambridge Energy Policy Research Group and was named Environmental Finance's sustainable business leader of the year in 2022. Prior to ICE, Gordon spent 12 years at the global energy broker, Spectron, joining as Group Financial Controller and latterly serving as Chief Executive Officer. He is a Fellow of the Institute of Chartered Accountants in England & Wales.
Join host Erika Schiller as she welcomes Peter Zaman, Partner at HFW, and Anna Stablum, ClimeCo's Business Development Director, to explore the intricacies of how CORSIA interacts with the Paris Agreement's Article 6, the challenges of avoiding double counting and double claiming in carbon credits, and the broader implications for international aviation emissions. How is CORSIA shaping the future of aviation sustainability? Tune in to find out!Subscribe to the ESG Decoded Podcast on your favorite streaming platforms and social media to be notified of new episodes. CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation) aims to cap international aviation emissions at 85% of 2019 levels. The program requires airlines to offset emissions that cannot be reduced through technology, operational improvements, or sustainable aviation fuels, helping limit aviation-related emissions through 2035. Episode Resources: CORSIA eligible emission units and an airline's offsetting obligations: https://www.hfw.com/insights/corsia-eligible-emission-units-and-an-airlines-offsetting-obligations/ CORSIA compliance – the unequal choices that airlines face in the first phase: https://www.hfw.com/insights/corsia-compliance-the-unequal-choices-that-airlines-face-in-the-first-phase/ An introduction to CORSIA eligible fuels: what are they and why are they relevant for CORSIA?: https://www.hfw.com/insights/an-introduction-to-corsia-eligible-fuels-what-are-they-and-why-are-they-relevant-for-corsia/ Listen to our previous episode on CORSIA “Article 6 at COP28: EU & Paris Agreement Controversies”: https://open.spotify.com/episode/57FYLpK5iG9mQlMQnzcO6h?si=Ig6XA0IcRsudgr4hcCv_Cg
This is episode 2 of All Things Aviation, a special six-part series focusing on the dynamics, trends, and outlooks in the aviation sector. In this episode, Marie-Louise Du Bois, head of the global carbon pricing team is joined by S&P Global Commodity Insights experts Dana Agrotti, low carbon market lead analyst, Agamoni Ghosh, managing editor, global compliance carbon pricing and Eklavya Gupte, editorial lead, carbon news. They delve into the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), discussing its role in reducing emissions and the challenges surrounding carbon credit availability. They also explore how CORSIA is shaping the aviation industry's approach to sustainability, looking at the big changes ahead for this hybrid carbon market.
This is episode 2 of All Things Aviation, a special six-part series focusing on the dynamics, trends, and outlooks in the aviation sector. In this episode, Marie-Louise Du Bois, head of the global carbon pricing team is joined by S&P Global Commodity Insights experts Dana Agrotti, low carbon market lead analyst, Agamoni Ghosh, managing editor, global compliance carbon pricing and Eklavya Gupte, editorial lead, carbon news. They delve into the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), discussing its role in reducing emissions and the challenges surrounding carbon credit availability. They also explore how CORSIA is shaping the aviation industry's approach to sustainability, looking at the big changes ahead for this hybrid carbon market.
Lufthansa führt einen Umweltkostenzuschlag für alle Flüge der Lufthansa-Gruppe ab 1. Januar 2025 ein. Dieser Zuschlag gilt für Abflüge aus den 27 EU-Ländern sowie aus Großbritannien, Norwegen und der Schweiz und variiert je nach Flugstrecke und Tarif zwischen 1 und 72 Euro. Die Einnahmen sollen einen Teil der durch regulatorische Umweltauflagen steigenden Zusatzkosten decken. Zu den genannten Kosten gehören unter anderem die Beimischungsquote für nachhaltigen Flugkraftstoff, Anpassungen des EU-Emissionshandelssystems und weitere regulatorische Umweltkosten wie das Carbon Offsetting and Reduction Scheme for International Aviation (Corsia).#Lufthansa #Umweltkostenzuschlag #Nachhaltigkeit #Fliegen #Emissionen #EU #Umweltschutz #CO2Fragen des Tages: Ist das eine Preiserhöhung von Lufthansa mit einem tollen Namen? Was haltet ihr von diesem 1-72 Euro Zuschlag?00:00 Willkommen zu Frequent Traveller TV04:42 Andere Kommentare07:20 Fragen des TagesTake-OFF 25.06.2024 – Folge 144-2024 Kanalmitglied werden und exklusive Vorteile erhalten:https://www.youtube.com/channel/UCQyWcZxP3MpuQ54foJ_IsgQ/joinHier geht es zu eurem kostenlosen Consulting Link - https://FTCircle.as.me/Damit Du von unserem Wissen profitieren kannst, kannst du ein mindestens 60 minütiges und vor allem auf dich zugeschnittenes Punkte, Meilen, Status Coaching buchen. Nach dem Call bekommst du ein Jahr Zugang zu dieser Gruppe und zahlst so nur 10 Euro pro Monat und kannst sofort profitieren. Hier ist nun der Link zu deinem neuen Punkte, Meilen und Status Deals.MY SOCIALSWhatsApp - https://wa.me/message/54V7X7VO3WOVF1FACEBOOK | Lars F Corsten - https://www.facebook.com/LFCorsten/FACEBOOK | FQT.TV - https://www.facebook.com/FQTTVFACEBOOK | FTCircle - https://www.facebook.com/FTCircleTWITTER | Lars F Corsten - https://twitter.com/LFCorstenINSTAGRAM | Lars F Corsten - https://www.instagram.com/lfcorsten/LINKEDIN - https://www.linkedin.com/in/lfcorsten/Clubhouse - @LFCorsten
Stella Meehan and Aisling O'Brien bring you the biggest stories of the week in Irish agriculture from Agriland, which this week includes:€100/ha for tillage farmers who plant in 2024Dairy exit scheme ‘off the table'Weather impacts dairy market outlookCo-ops report sharp drop in profits‘Agri-related' water incident affects 500 people in MayoSafety alert for agricultural tipping trailers Don't forget to rate, review and follow The Farming Week, Agriland's weekly review of Irish agriculture and visit Agriland.ie for more.
Episode 13 of the "Aerospace Ambition Podcast" featuring Kay Köhler from the Umweltbundesamt is out!Talking Points• What is the role of Umweltbundesamt - German Environment Agency?• How do you get from scientific discoveries to regulation?• Why did the first try to regulate contrails 15 years ago fail?• When will there be a prize tag on contrails?• What is CORSIA, what is the EU ETS?• Where do CORSIA and the EU ETS work together?• Where are loopholes for airlines in these systems?• How is uncertainty around CO2 equivalencies factored into allowances?GuestKay Köhler serves as a Senior Technical Officer in the Aviation Unit at the German Environment Agency (UBA). Holding both a Master in Public Administration and a Master in Aerospace Engineering, Kay previously oversaw emission protection, including noise and air pollution control for stationary installations, at the City of Berlin for approximately ten years. Since 2013, he has been employed at the UBA, concentrating on the EU Emissions Trading System (EU ETS) and the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), and the non-CO2 impacts of aviation. Additionally, he participates in several European working groups related to aviation.AAMBITION Newsletterhttps://mailchi.mp/55033eb444bd/aambition-n++++Heartfelt shoutout to Kieran: Keep pushing on this ‘long final' of handing in your PhD thesis!
In this episode, Kaitlyn Allen talks with Anna Stablum, ClimeCo's Business Development Director based in Singapore, and Peter Zaman, a partner at HFW in Singapore. Anna is establishing a presence for ClimeCo in Southeast Asia and was previously instrumental in developing one of the world's first exchanges for carbon–a spot trading platform for high-quality carbon credits. Peter is also based in Singapore and has over 20 years of experience as a transactional lawyer in the UK, EU, and Asia. Peter's law practice spans commodities, derivatives, structured products, and climate finance. He has been active in climate finance and environmental products markets since 2004. Article 6 (A6) of the Paris Agreement allows countries to voluntarily cooperate to achieve emissions targets set out in their Nationally Determined Contributions (NDCs). The trio centers their conversation on Peter's recent paper, COP28: The Failure To Reach an Article 6 Decision and the Inconvenient Truth. Peter shares his perspectives through the lens of the Asia markets and probes the potential impact to the Paris Agreement as the European Union (EU) appears to be exporting its own policies. They also touch on CORSIA (Carbon Offsetting & Reduction Scheme for International Aviation) and how it would be affected by a nonfunctioning A6. Anna rounds out the discussion by highlighting some of ClimeCo's Southeast Asia efforts that are focused on creating high-integrity carbon projects, including an Indonesian Mangrove Reforestation project. Unlock the world of corporate sustainability and join the ESG Decoded Podcast community! Make sure to subscribe to be notified of new episodes on your favorite streaming platforms and our social channels (linked below). Tune in, engage, and let's decode ESG together! Episode Resource Links [HFW Paper] COP28: The Failure to Reach an Article 6 Decision and the Inconvenient Truth: ttps://www.hfw.com/COP28-The-failure-to-reach-an-Article-6-decision-and-the-Inconvenient-truth [Paper that Peter quotes] Burke, J and Schenuit, F. (2023) Governing permanence of Carbon Dioxide Removal: a typology of policy measures. CO2RE – The Greenhouse Gas Removal Hub: CO2RE_Report_CDR_Permanence-FINAL-v7.pdf Peter's LinkedIn: https://www.linkedin.com/in/peter-zaman-99b502/ Anna's LinkedIn: https://www.linkedin.com/in/anna-stablum-a5a31a/
Fonterra says their emissions reduction scheme will work for the benefit of its farmers. The dairying giant plans to slash on-farm greenhouse gases 30 percent by 2030 through new tech, farming practices and carbon removal. There's no punishment for farmers not complying- the company instead hopes demand from customers to go green will be incentive enough. Director of Sustainability Charlotte Rutherford says it's about productivity and efficiency. "It's generally a good thing for farmers- it can make them more profitable and can certainly make them more resilient into the future." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Fonterra says their emissions reduction scheme will work for the benefit of its farmers. The dairying giant plans to slash on-farm greenhouse gases 30 percent by 2030 through new tech, farming practices and carbon removal. There's no punishment for farmers not complying- the company instead hopes demand from customers to go green will be incentive enough. Director of Sustainability Charlotte Rutherford says it's about productivity and efficiency. "It's generally a good thing for farmers- it can make them more profitable and can certainly make them more resilient into the future." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Episode 29 is with Anna Stukas, Vice President of Business Development at Carbon Engineering Ltd.Today Na'im speaks with Anna Stukas about how Carbon Engineering is helping the aviation industry to decarbonize, and what roles direct air capture (DAC) technologies play in the sector's overall strategy to reach net-zero.Anna Stukas is a Vice President of Business Development at Carbon Engineering Ltd. Anna is a professional engineer with nearly two decades experience bridging the gap between technology and business to overcome barriers to cleantech commercialization. She currently leads a variety of CE's partnering and business development efforts, with a focus on the aviation ecosys tem. Anna previously worked with Angstrom Power and BIC developing hydrogen and fuel cell technologies, where her responsibilities spanned IP and licensing strategy, product safety, and international regulatory development, including at the United Nations and International Civil Aviation Organization. Anna currently serves on the Board of Directors of the Greater Vancouver Board of Trade, and of Science World. Anna's work has been recognized by the Minerva Foundation's Women In™ Energy Award for Philanthropy and Business in Vancouver's Forty Under 40 Award. Carbon Engineering (CE) is a climate solutions company. CE is focused on the global deployment of large-scale Direct Air Capture (DAC) technology that captures carbon dioxide out of the atmosphere, enabling two complementary solutions to reach true net zero: permanent carbon dioxide removal and sustainable aviation fuel. With its partners, CE is working to deploy large-scale, commercial DAC facilities. In this episode, Na'im and Anna discuss:* The aviation industry's emissions problem and its progress in decarbonization;* Challenges with sustainable aviation fuel;* Carbon removal's role in counter-balancing residual emissions;* The role of direct air capture in decarbonizing aviation;* Carbon Engineering's recent agreement with airlines;* The role of other carbon removal solutions play in addressing aviation emissions;* The future of DAC in decarbonizing aviation;* The need for government procurement of carbon removal;* The critical pieces in ensuring sufficiency DAC capacity scale-up; and* Impacts of the Oxy acquisition.Relevant Links:* Na'im's report with Clean Air Task Force - “Decarbonizing Aviation: Challenges and Opportunities for Emerging Fuels”* Mission Possible Partnership - “Making Net-Zero Aviation Possible”* IATA's Net Zero Roadmaps* ANA Group Environmental Targets* Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) * Robert Höglund on the like-for-like removal principle for offsetting* U.S. DOE's $35 Million “Carbon Dioxide Removal Purchase Pilot Prize”* Science Based Targets initiative (SBTi)* Oxy's announcement to acquire Carbon Engineering (Press Release)Special Note: Carbon Removal Canada's official (in person) launch event is in Ottawa on November 8th from 4-6pm. Register here while there's still space!This episode was created and published by Na'im Merchant. Episode production and content support provided by Tank Chen. Na'im Merchant is the co-founder and Executive Director of Carbon Removal Canada, a policy initiative focused on scaling carbon removal in Canada. He is also a policy fellow with Elemental Excelerator. He previously ran carbon removal consulting practice Carbon Curve, and publishes The Carbon Curve newsletter and podcast. Every two weeks, Na'im will release a short interview with individuals advancing the policies, technologies, and collective action needed to scale up carbon removal around the world.Tank Chen is a carbon removal advocate based in Taiwan whose focus is on communicating the importance of CDR to policy makers, corporate leaders, and the broader public through education, communications, and policy advocacy.If you enjoyed this episode, please subscribe to this podcast on your favorite podcast app or subscribe via The Carbon Curve newsletter here. If you'd like to get in touch with Na'im, you can reach out via LinkedIn. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit carboncurve.substack.com
Catch up on the biggest stories of the week in Irish agriculture with Megan O'Brien and Aisling O'Brien, including: - A beef herd reduction scheme is ‘off the table', Minister McConalogue confirmed this week, but a similar scheme for the dairy sector is still under consideration https://www.agriland.ie/farming-news/beef-herd-reduction-scheme-off-the-table-mcconalogue/ - Record Bord Bia export results of €16.7 billion demonstrate the importance of agriculture to the Irish economy, say farming organisations https://www.agriland.ie/farming-news/agri-food-export-value-increases-by-22-to-e16-7-billion-in-2022/ - Fallout continues from the Coillte forestry partnership with a UK investment fund – the minister is set to meet with the semi-state forestry company to discuss the deal https://www.agriland.ie/farming-news/coillte-forestry-fund-deal-did-not-require-approval-from-minister/ - A working group is to be established in a bid to improve dog control https://www.agriland.ie/farming-news/working-group-on-dog-control-to-be-established/ Rate, review and follow The Farming Week, Agriland's weekly review of Irish agriculture and visit Agriland.ie for more. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-farming-week/message
ITPS Canada makes a commitment to the planet for generations to comeLondon, Ontario--(Newsfile Corp. - November 17, 2022) - ITPS Canada is proud to announce a pledge to be 100% carbon neutral for 2022 and beyond.To help achieve the company's environmental goals, ITPS (International Test Pilots School) has partnered with LivClean, a top-ranked carbon offset retailer. Through the partnership, ITPS's carbon offset purchase will support the Great Bear Forest Carbon Project, located inside the traditional territories of the Haida Nation, British Columbia, Canada, and home to the largest remaining intact coastal temperate rainforest in the world."It's time for us all to take responsibility. Our partnership with LivClean and the Great Bear projects means ITPS Canada's carbon emissions from flying will be completely offset, making us the first test pilot school in North America to be 100% carbon neutral," says Giorgio Clementi, President of ITPS Canada. "This demonstrates ITPS is committed to climate action in aviation."Forests play an important role in the fight against rising CO2 levels. Protecting mature-growth forests aids the fight in two important ways. It preserves the carbon already stored in the mature trees, plus it continues capturing even more carbon as the trees continue to grow. By supporting the Great Bear Forest Carbon Project, ITPS is offsetting the equivalent of planting and protecting approximately 20,000 trees. ITPS already offset 25% of its 2021 emissions, and now is committed to being 100% carbon neutral for 2022 and beyond.Beyond the carbon benefits, the Great Bear Forest Carbon Project supported by ITPS, protects the western red cedar, which is known as the "Tree of Life," and important habitats for the Kermode bear, black and grizzly bears, and seacoast wolves. The project also preserves habitats for coastal and freshwater marine life.The Great Bear Forest Carbon Project and the ITPS offset purchase is tracked on the BC Forest Carbon Offset third-party public carbon-reduction registry (see https://www.livclean.ca/haidagwaii) and meet all eight of the Carbon Offset Credit Integrity Assessment Criteria identified by ICAO's Offsetting and Reduction Scheme for International Aviation (CORSIA). ITPS embraces the need for test pilot flight training to be environmentally sustainable and plans to deliver the most sustainable training in the industry through the increased use of simulator training and partnering with a sustainable aviation fuel research project at the University of Waterloo, Ontario.LivClean Carbon Offsets is a top-ranked 100% Canada-owned carbon offset retailer dedicated to the responsible business movement. Since 2007, LivClean has been offering the highest quality carbon offsets with an emphasize on transparency, tracking and making a difference. Working in association with industry leaders to offer sector specific programs, LivClean helps organizations do business in a way that puts more back into society, the environment and the bottom line than it takes out.ITPS Canada is an internationally recognized school of experimental flight testing and advanced military flight training, offering courses ranging from one year Test Pilot and Flight Test Engineer Courses, bespoke short courses and online courses. The school is also a Designated Learning Institution offering a Master of Science in Flight Test Engineering. However, ITPS is more than just a school of flight test, ITPS develops its own in-house aircraft upgrades and modifications to address requirements for the broadest range of aerospace technologies, including Digital
In this podcast David Ledesma talks to Nicolas Lockhart and Katherine Connolly on the critical question of how should we tackle aviation emissions? Two different regulatory schemes – the EU's Emission Trading System (ETS) and the International Civil Aviation Organisation (ICAO) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) – are trying to provide […] The post OIES Podcast – Carbon pricing schemes for Aviation appeared first on Oxford Institute for Energy Studies.
Financial technology and business services company Fexco has launched PACE (Platform for Analysing Carbon Emissions), to enable airlines, aircraft lessors, and financiers of the aviation sector to accurately measure and manage their carbon emissions to align with Net Zero targets. PACE allows the aviation sector to model future changes in its fleets to drive towards improved carbon performance. This will allow the sector to access finance that has been ear-marked for sustainability-linked activities. New carbon governance frameworks will require banks, lessors, and investors to accurately track and manage their assets' carbon emissions for regular reporting and decision-making purposes to demonstrate their progress in reaching their targets. These frameworks range from the EU Emissions Trading Scheme (ETS), which is the world's largest carbon market to the CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation), a global offsetting scheme, whereby airlines and other aircraft operators will offset any growth in CO2 emissions above 2020 levels. This means that aviation's net CO2 emissions will be stabilised, while other emissions reduction measures, such as technology, sustainable aviation fuel, operations and infrastructure options, are pursued. PACE will equip the aviation sector to translate carbon into financial risk under this scheme. In addition, PACE will help the sector better align itself to the Fit for 55 Legislative Package which aims to align the EU's climate and energy legislative framework with its 2030 emissions reduction and 2050 climate neutrality objectives. This package consists of proposals to amend existing legalisation, as well as new initiatives in climate, energy, fuels, and transport. Launched as a Fexco sustainability company, PACE is a significant milestone for Fexco's broader sustainability strategy with pioneering technology incorporating powerful machine learning and Artificial Intelligence to predict future aircraft utilisation and corresponding carbon emissions. PACE transforms the aviation sector's runway to Net Zero. In Ireland, there are over thirty aircraft leasing companies operating with a combined value of aviation assets under management exceeding €113 billion. Over 50% of the world's aircraft are leased and managed through Ireland, with 4,000 of the world's leased aircraft either managed, controlled, or owned by Irish based organisations. PACE has already enjoyed significant traction across the spectrum of businesses in the target market ranging from lessors, banks, investors, and export credit agencies and is on track to secure 50% of customers across these sectors by the end of 2024. One customer is SMBC Aviation Capital, which is one of the world's leading aircraft leasing companies, with an owned, managed and committed fleet of over 730 aircraft. The company focuses on the most technologically advanced, fuel efficient and narrowbody aircraft types, providing customers across the globe with the aircraft they need to successfully grow their businesses. “PACE is a key tool to help us measure and predict our scope 3 emissions and to ultimately assist us to reach our net zero targets by 2050. As new technologies come on stream and as the industry moves towards sustainable aviation fuels, PACE will test and confirm that we are on the right track and will help us to meet our responsibility to deliver an industry that is more sustainable,” said Shane Matthews, Head of Strategic and Market Analysis at SMBC Aviation Capital. “The aviation sector is striving to reach its emissions goals, but it is a significant industry, generating the equivalent of over €947 billion in Gross Domestic Product (GDP) annually, which is larger than the GDPs of Ireland, Scotland, Wales, and Luxembourg combined, so it is a monumental challenge,” said Cathal Foley CEO, PACE. “PACE is significant first step for this sizeable sector to robustly monitor and forecast the emissions impact of any chang...
As part of the 'Fit for 55' package, the Commission is proposing a revision to the EU's emissions trading system (ETS) as regards carbon dioxide emissions from aviation. The proposal seeks to ensure that the sector contributes to the EU's climate targets through increased auctioning of allowances, with an end to free allowances from 2027, and by applying the linear reduction of aviation allowances. The proposal will also integrate, into the revised ETS, the International Civil Aviation Organization's agreed global market-based Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) and apply it to international flights departing from or arriving at an airport inside the European Economic Area (EEA). For domestic flights in the Member States or flights within the EEA, the ETS would continue to apply. - Original publication on the EP Think Tank website - Subscription to our RSS feed in case your have your own RSS reader - Podcast available on Deezer, iTunes, TuneIn, Stitcher, YouTubeSource: © European Union - EP
Carbon dioxide is not the only greenhouse gas that contributes to climate change. In fact, methane emissions are responsible for 16% of the warming we experience today. And because methane is more potent than CO2, we can make a big impact in a short period of time by addressing the concentrated, continuous methane seeps that exist around the world. Olya Irzak is the Founder and CEO of Frost Methane, a company working to combat climate change through the deployment of remote methane destruction devices. On this episode of the podcast, Olya joins Ross and Christophe to discuss why she chose to focus on methane emissions and explain how her team’s technology works to convert concentrated methane into CO2. Olya describes Frost Methane’s initial work with Arctic permafrost and introduces their new application of the technology in coal mines, sharing how the business generates revenue through carbon markets like California’s cap-and-trade market. Listen in for Olya’s insight on the benefits of voluntary markets and learn her approach to prioritizing climate interventions to make the biggest impact. Connect with Nori Purchase Nori Carbon Removals Nori Nori on Facebook Nori on Twitter Nori on Patreon Resources Frost Methane Frost Methane on LinkedIn Olya on LinkedIn ARPA-E Energy Innovation Summit Center for Negative Carbon Emissions Google’s Climate Change Initiative ‘7,000 Underground Gas Bubbles Poised to Explode in Arctic’ in The Siberian Times Video of Exploding Under-Ice Methane Gas in Siberia Laughlin Barker Pleistocene Park Pleistocene Park on Reversing Climate Change EP073 Dr. Leslie Field Ice 911 ASU’s Arctic Ice Management Project University of Beijing Research on Calving Silver Lining ‘Sometimes Success Is Right Under Your Feet, As Tomato Grower Knows’ in AP News California’s Cap-and-Trade Program Carbon Offsetting and Reduction Scheme for International Aviation Stripe Climate --- Send in a voice message: https://anchor.fm/reversingclimatechange/message Support this podcast: https://anchor.fm/reversingclimatechange/support
Aviation is one of the fastest-growing sources of greenhouse gas emissions. Direct emissions from aviation account for about 3% of the EU’s total greenhouse gas emissions and more than 2% of global emissions. The EU is taking action to reduce aviation emissions. These have been included in the EU emissions trading system (EU ETS) since 2012. On 3 July 2020, the European Commission published the Roadmap for the legislative initiative aimed at amending the EU ETS regarding aviation. This initiative, planned for the second quarter of 2021, will serve to implement the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) by the EU in a way that is consistent with the EU’s 2030 climate objectives. This proposal will be part of the broader European Green Deal. And the proposed ReFuelEU Aviation regulation aims to boost the supply and demand for sustainable aviation fuels in the EU.Improving sustainability is a priority for most aviation companies who want good sustainable practices and greening of their industry to become the norm. As industry looks forward to Europe’s most ambitious climate action plan yet, the European business aviation sector has stated its determination to support the European Green Deal, its goals and underlying values. Business aviation has the ability to connect remote regions and communities, bringing economic development to places otherwise inaccessible. In 2009, the sector detailed three aspirational goals and the associated mechanisms it would use to achieve these goals: carbon-neutral growth by 2020; an improvement in fuel efficiency of an average of 2% per year from today until 2020; a reduction in total CO2 emissions of 50% by 2050 relative to 2005. It is on track with these goals.
「巴黎協定」於2016年簽署時,並未包括航空與航海的排碳規範,因為航行與飛越路線會經過多個國家,碳排放量定義困難,因此,促進國際飛航安全與規範的「國際民航組織」(ICAO)遂提出「國際航空業碳抵換及減量計畫」(Carbon Offsetting and Reduction Scheme for International Aviation, CORSIA),要求航空公司應對減碳付出一定義務,揭開航空業的全面減碳行動與規範,也成為落實未來生活的一部分。
The crash of the Collings Foundation B-17 and our interview with pilot Mac McCauley, recorded one week prior to the fatal crash. NTSB recommendations for the FAA, ICAO’s push with the Carbon Offsetting and Reduction Scheme for International Aviation, tariffs on Airbus, airliners make emergency landings.
She’s just a small town girl, buildin’ a more sustainable wor-ld. Join us for Episode 3, "Plan your getaway...from carbon emissions" with Emily Conway. Emily recently went from airport sustainability to sustainable logistics in the food and beverage industry, and she believes that we can continue to travel, be comfortable (#airconditioning, y’all) and build the clean economy without compromising the needs of future generations. Sounds nice, right? Learn about how she testified before city council and argued for her small-town’s transition away from coal, how she wrestles with being a young, female professional in a male dominated sector, how to find common ground with your loved ones who might not agree with you on important issues, and where she sees the future of travel. . . . . . Clarifications from this episode: -Airport discussed is the Dallas Fort Worth International Airport (DFW): it’s the first airport in *North America to become carbon neutral. Learn more here: https://www.dfwairport.com/sustainability/ . -The Good Traveler Program: You can offset your travel & invest in carbon offset projects. To learn more about the program and projects, visit https://thegoodtraveler.org/ . -Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA): is a global market-based measure designed to offset international aviation CO2 emissions in order to stabilize the levels of such emissions from 2020 onwards (CNG2020). Learn more here: https://www.icao.int/environmental-protection/CORSIA/Pages/default.aspx . - Listen to the In the Thick podcast episode live from the Rio Grande Valley here: https://itunes.apple.com/us/podcast/in-the-thick/id1083701291?mt=2&i=1000433534918 .
In Episode 5 of the Climate Changer Podcast, Bill Hemmings (Director of Aviation and Shipping at Transport & Environment) discusses October's global agreement in Montreal concerning the emissions of international aviation. Jargon busting: * ICAO - International Civil Aviation Organisation * CORSIA - Carbon Offsetting and Reduction Scheme for International Aviation * LDCs: Least Developed Countries * SIDS: Small Island Developing States * CAEP (pronounced “cape”): ICAO's Committee on Aviation Environmental Protection * EU ETS - EU Emissions Trading System * IMO - International Maritime Organisation * A4A: Airlines for America * IATA: International Air Transport Association Other items referenced: * Non-CO2 impacts of aviation: read more from the CCC's report from a few years ago (https://www.theccc.org.uk/archive/aws2/Aviation%20Report%2009/21667B%20CCC%20Chapter%206.pdf) * T&E study on fuel tax: https://www.transportenvironment.org/sites/te/files/publications/CE_Delft_7B52_Estimated_revenues_of_VAT_and_fuel_tax_on_aviation_def.pdf
The International Civil Aviation Association (ICAO) recently formalized a new international framework for regulating global aircraft emissions, known as Carbon Offsetting and Reduction Scheme for … Continued
On Thursday, 65 countries representing 83% of international aviation agreed to cap their greenhouse-gas emissions from international flights at 2020 levels from 2021 onward – in part by forcing airlines to offset emissions above that threshold, and MAYBE by funding programs that save forests and support sustainable agriculture around the world. A final decision on offset types, however, isn’t expected until 2018 Backgrond: The Paris Climate Agreement created a framework for keeping the global rise in temperatures below 2 degrees Celsius (3.6 degrees Fahrenheit) over pre-Industrial levels, but it left emissions from international flights in limbo – partly because their "international" nature made it hard to reach agreement on which countries to charge the emissions to. That changed on Thursday, when the International Civil Aviation Organization (ICAO), the UN agency charged with coordinating aviation regulation, including environmental impact, agreed to freeze net aviation emissions at 2020 levels beginning in 2021, and to force airlines to offset emissions above that threshold. The program, called “CORSIA” (Carbon Offsetting and Reduction Scheme for International Aviation), will be phased in, with a voluntary pilot phase running from 2021 through 2023, then a second voluntary phase from 2024 through 2026, and a final phase, running from 2027 through 2035 that is mandatory for all countries except the very poor. ICAO President Olumuyiwa Benard Aliu said that 65 countries had already signed on for the voluntary phase, and these countries together represent nearly 83 percent of total aviation miles, measured in "revenue tonne kilometers" (RTKs), which translate into one metric ton of load (human passengers or cargo) per kilometer traveled. Includes Interviews with Dutch environmental attorney Jos Cozijnsen and Arjun Patney, policy director of the American Carbon Registry.
Episode 9 of Left, Right and Centre featured: - MP Pay - The Internet: Almost full - The Principality of Hutt River.