Eric Hannel, Ph.D.’s Post

It was the carbon credit ruling heard ‘round the world… One month ago on April 9, 2024, the Science Based Targets initiative (SBTi) sparked heated debate about the pros and cons of counting carbon credits toward a Scope 3 emissions reductions and net-zero targets. Carbon credits are the talk of the town, but they're only part of the picture. Visit our blog to learn more about how proponents argue that this change would spur action and reduce costs, while critics are concerned it may perpetuate business-as-usual practices: https://hubs.la/Q02wzp_T0 #CarbonCredits #Sustainability #Decarbonization #RegulatoryCompliance #MantisInnovation

In this week's conversation with friends in the Middle East, the topic was whether companies should be allowed to purchase carbon offsets to compensate for their emissions or focus more on reducing emissions at the source. It's a compelling debate highlighting the ongoing challenge of balancing economic growth with environmental sustainability. Some argue that purchasing carbon offsets provides a quick and easy solution for companies looking to offset their carbon footprint. In contrast, others believe companies should prioritise reducing emissions at the source. Are carbon offsets a legitimate way for companies to address their environmental impact, or are they simply a greenwashing tactic that allows companies to continue polluting without making fundamental changes to their operations? On one hand, carbon offsets can be a valuable tool for companies looking to take responsibility for their carbon emissions. By investing in projects that reduce or capture greenhouse gases, companies can offset their emissions and contribute to global efforts to combat climate change. It can be particularly beneficial for industries with high emissions that may not have the technology or resources to reduce their footprint immediately. However, relying solely on carbon offsets without taking concrete steps to reduce emissions at the source can perpetuate a cycle of dependence on offsets rather than genuine efforts to reduce environmental impact. The ultimate goal should be for companies to prioritise emission reductions through energy efficiency, renewable energy sources, and sustainable practices that minimise their carbon footprint. By engaging in meaningful discussions about the role of carbon offsets in corporate sustainability efforts, we can work towards finding a balance that promotes both environmental stewardship and economic growth. Let's continue to push for transparency and accountability in corporate sustainability practices to ensure that companies are making real progress towards a more sustainable future. 😀 #climateaction #sustainability #carbonoffsets #emissionsreduction

Our newly published study reveals an inverted U-shaped relationship between carbon emission reduction and green technology innovation, illustrating the green innovation paradox. It shows that reducing emissions enhances green innovation by fulfilling ESG responsibilities. Beyond a certain threshold, the effect shifts from inhibitory to facilitative. This paper advances the understanding of the interplay between carbon reduction, ESG responsibilities, and green innovation. #greeninnovation; #greeninnovationparadox; #carbonemssion; #ESG; #thresholdmodel

How Being Carbon Neutral Can Be Beneficial to Your Tender Proposal 🌍 🤝 In today's eco-conscious world, the importance of sustainable practices is increasing not only in the eyes of the general public but also in business and government procurement procedures. One of the most commendable and recognised steps a company can take is to become carbon neutral. But how can being carbon neutral provide an edge to your tender proposal? 🌱 🌲 🧐 Want to know more about why your business should use carbon neutral tenders and how they work? 📱 Click here: https://lnkd.in/g6TnNagJ #CarbonNeutral #NetZero #ClimateChange #Energy #RenewableEnergy #Sustainability #EnvironmentalResponsibility #Environment #Ecological #CarbonFootprint #CarbonCredits #ClimateAction #Emissions #ReduceEmissions #ResponsibleBusiness #CO2 #EcoFriendly #Planet #Earth #Green

You may have heard about the recent scandals concerning carbon compensation: offsetting programs turned out to be plain greenwashing, or some organizations financed low quality carbon compensation certificates, which were not related to any emissions avoidance or removal. At Sia Partners, we help our clients develop an approach to carbon compensation that is actually climate friendly, and not just about marketing. It is based around two convictions:   1° It has to be conceived as part of a decarbonization strategy, where only "residual emissions" are compensated. 2° Only the best carbon compensation certificates should be considered.  This is the first episode of a series presenting the basics of carbon compensation. Stay tuned for more information on the topic, and feel free to reach out to chat about the topic, since Sia Partners has experience in setting a strategy, and implementing it (sourcing projects, certifications, …).  🌏 The Balancing Act: Offsetting's Crucial Role in Your Net-Zero Strategy The path to net zero is a multi-pronged journey. While aggressive decarbonization efforts are essential, strategically implemented offsets play a vital role. SBTi targets often require a combination of both. However, building a comprehensive offsetting strategy requires careful consideration. Offset projects need to be legitimate, verifiable, and contribute to positive environmental and social impact, focusing on areas like biodiversity preservation. Additionally, navigating the financial implications (capex & opex) of offsetting is crucial. Ready to navigate these complexities and create a plan that drives real impact? Let's discuss how to make offsets a powerful tool in your net-zero journey. #sustainability #netzero #climatechange Yann-Willem L.

As climate change impacts intensify, the rise in sustainability claims, especially concerning renewable energy and offsetting, is under scrutiny by regulators. Companies must ensure their sustainability commitments translate into real action, avoiding greenwashing practices. Transparency and accountability are key for companies to go beyond mere proclamations and take concrete steps towards sustainability. With increasing consumer awareness, regulatory oversight plays a vital role in preventing greenwashing and ensuring genuine environmental responsibility in the shift to renewable energy. As consumers, staying informed and vigilant is essential to hold companies accountable. Let's strive for a future that embodies sustainability, ethics, honesty, and true accountability in business practices. A sustainable world hinges on promoting fairness, honesty, and responsibility, making sustainability an integral part of business operations. Together, let's advocate for transparency, accountability, and the authenticity of sustainability efforts. It's time to ensure that sustainability goes beyond being a buzzword. We all play a part in driving towards a greener and more responsible future. #Sustainability #RenewableEnergy #Regulation #Transparency #Accountability

🌿 Case Study: Innovative Carbon Removal for a Corporate Client At NoviCarbon, we are dedicated to helping businesses achieve their sustainability goals through advanced carbon removal and offset solutions. Today, we’re excited to share a recent success story where we helped a major corporate client navigate the complexities of the carbon market and make significant strides toward carbon neutrality. The Challenge: Our client, a leading player in their industry, faced the daunting task of reducing their carbon footprint in alignment with international standards. They needed a comprehensive solution to offset their emissions. Our Approach: NoviCarbon developed a tailored strategy that focused on innovative carbon removal techniques and effective offset solutions. Here’s how we did it: In-Depth Assessment: We conducted a thorough analysis of the client’s carbon emissions, identifying key areas where carbon offsetting and removal could be most impactful. Customized Carbon Offsetting: Leveraging our network of verified carbon offset projects, we provided the client with a range of options tailored to their specific needs and sustainability goals. Advanced Carbon Removal: Implementing cutting-edge carbon removal technologies, we ensured permanent sequestration of carbon, significantly reducing the client’s carbon footprint. The Results: Carbon Reduction: The client successfully offset a significant portion of their emissions, contributing to global carbon reduction efforts. Sustainability Milestone: Achieved a major milestone in their sustainability journey, demonstrating leadership in environmental stewardship. At NoviCarbon, we pride ourselves on delivering bespoke solutions that not only meet regulatory standards but also drive meaningful environmental impact. This case study exemplifies our commitment to empowering businesses with the tools and strategies needed to navigate the evolving carbon market. Ready to embark on your sustainability journey? Connect with us to learn how NoviCarbon can help your organization achieve its decarbonization goals. #Sustainability #CarbonNeutral #Article6 #CarbonRemoval #NoviCarbon #CorporateResponsibility #ClimateAction

Companies are under pressure to actively decarbonise to meet efforts towards net zero. But not all carbon emissions are easy to prevent. This, as Celine Grace Legaspi, Vice President in Redington’s manager research team, highlights in the following analysis, is where carbon credits play a crucial role. #CarbonCredits

🌍 The Power of Carbon Credits: Paving the Way for a Sustainable Future Amal Kumar Das gitanjali jacinto XPM Group Good People Consulting LLP In the face of escalating climate change, the global community is increasingly turning to innovative solutions to mitigate environmental impact. Among these solutions, carbon credits stand out as a pivotal mechanism in the fight against climate change. The concept of carbon credits is rooted in the principle of cap-and-trade systems. Governments or regulatory bodies set a cap on the total amount of greenhouse gases that can be emitted. Companies are allocated or can purchase carbon credits, giving them the right to emit a specific amount. If they emit less than their allowance, they can sell excess credits to other companies. Conversely, if they exceed their limit, they must buy additional credits to cover the excess emissions. 1. Combating Climate Change: Carbon credits play a crucial role in reducing overall greenhouse gas emissions. By putting a price on carbon, they encourage businesses to adopt more sustainable practices and invest in cleaner technologies. 2. Supporting Sustainable Projects: The funds generated from the sale of carbon credits are often invested in projects that have a positive environmental impact. These projects can range from reforestation and conservation efforts to renewable energy installations and energy efficiency improvements. 3. Driving Innovation: The need to reduce emissions and comply with regulations drives companies to innovate. This can lead to the development of new technologies and practices that not only reduce carbon footprints but also enhance operational efficiency and competitiveness. 4. Economic Benefits: Carbon credits create economic opportunities, especially in developing countries. Projects funded by carbon credits can provide jobs, improve local infrastructure, and promote sustainable development. 5. Corporate Responsibility: Engaging in carbon offsetting demonstrates a company's commitment to sustainability and corporate social responsibility. It enhances brand reputation and can meet the increasing demand from consumers and investors for environmentally responsible businesses. To address these concerns, it is essential to have rigorous standards and verification processes in place. Companies should prioritize reducing their emissions as much as possible before turning to offsets, and carbon credit projects should be carefully monitored to ensure they achieve their intended outcomes. Governments and international bodies are likely to play a pivotal role in shaping the future of carbon markets. By setting ambitious emission reduction targets and supporting the development of robust carbon credit systems, they can drive global progress towards a low-carbon economy. 🌱💼🌏 #Sustainability #ClimateChange #CarbonCredits #GreenEconomy #Innovation #CorporateResponsibility

New blog post alert: Carbon Offsetting: Removing the Uncertainty. 🌍 We’ve just published the first in a two-part series on carbon offsetting, exploring: 🔍 What is carbon offsetting? 🌱 Types of carbon offsets 🎯 Approaches to utilising different offsets 🙋♀️ What is the Voluntary Carbon Market (VCM)? Have a read and stay tuned for part two! #Sustainability #CarbonOffsetting #ESG #ClimateAction #VoluntaryCarbonMarkets