Carbon Growth Partners

China is taking bold steps to enhance its green finance ecosystem with key updates allowing financial institutions to participate in the national carbon emissions trading scheme (ETS). Here's what's new: 🔹 Banks & Financial Institutions in the ETS: Boosting liquidity and enabling carbon prices to better reflect supply-demand dynamics. 🔹 Expanding Sectoral Coverage: Gradually increasing the scope of industries covered by the carbon market while diversifying trading products, participants, and methods. 🔹 Optimizing Market Infrastructure: Integrating and improving trading, clearing, and settlement processes to strengthen market access and services. 🔹 Market-Driven Pricing: Accelerating the development of a price discovery mechanism that promotes carbon reduction among key emitters and industries by reflecting value, scarcity, and cost-benefit relationships. With these measures, China is set to become a global leader in sustainable finance! 🌍💼 #GreenFinance #Sustainability #CarbonMarkets #China #ClimateAction

Air Canada has retired over 150,000 carbon credits, supporting projects like mangrove restoration in Asia, forest conservation in Latin America, and ozone protection in the US. This aligns with their goal to reduce emissions by 20% by 2030, on the path to net-zero by 2050.

At COP28 in Dubai last year, 'VCM Day' saw strong statements of support from the United Nations COP Secretariat, NGOs, The World Bank, the US Goverment and a number of global finance ministers: https://lnkd.in/gWHDu-A6 VCM Day at Climate Week 2024 was yesterday, and the support showed up again. Most notable was the strong endorsement of the role of the VCM from U.S. Department of the Treasury Deputy Secretary Wally Adeyemo and U.S. Commodity Futures Trading Commission Commissioner Rostin Benham amongst many other respected leaders. 💪 This thing is a thing. Excellent reporting from Bloomberg's Alastair Marsh in the comments. Check out his other reports, too. 👀

Air Canada has retired over 150,000 carbon credits, supporting projects like mangrove restoration in Asia, forest conservation in Latin America, and ozone protection in the US. This aligns with their goal to reduce emissions by 20% by 2030, on the path to net-zero by 2050.

Global financial powerhouse Goldman Sachs continues to lead by example by voluntarily cooperating in the fight against climate change. Over the past week, Goldman Sachs retired more than 100,000 carbon credits as part of its ongoing commitment to reduce emissions and invest in solutions beyond its value chain. This effort is aligned with Goldman’s broader climate strategy, which aims to achieve net-zero emissions by 2030 through a combination of decarbonization efforts and investments in renewable energy, carbon offsets, and sustainable finance. #reduceandinvest

CEOs... Leadership can be hard. But taking decisive climate action to balance your [carbon] books need not be. There are just two things you need to do: 1️⃣ #Reduce emissions as fast and far as possible 📉 2️⃣ #Invest in climate solutions beyond your business 📈 Speak to your CSO today and join the 10,000 CEOs already taking action.

Facebook owner Meta has struck a bold deal to buy up to 3.9 million carbon credits from BTG Pactual's forestry arm, reinforcing its commitment to achieving carbon neutrality by 2030. This move signals Meta’s drive to balance its carbon footprint while investing in sustainable solutions for the future. Link to report in the comments.

It's better when it's balanced #reduceandinvest

It's better when it's balanced #reduceandinvest

It's better when it's balanced #reduceandinvest