We Mean Business Coalition’s Post

From high-integrity carbon credits to best practices in carbon management, panelists from Climate Impact X, ClimeCo, Bain and Singapore Economic Development Board (EDB) discussed the items below at the North America Climate Summit. Southeast Asia (SEA) is set to play an important role in global carbon markets, being a rich source of renewable energy and natural carbon sinks across mangroves and peatlands, holding 20-25% of the global Natural Climate Solutions (NCS) supply. From providing financing for impactful climate projects to recognising the value of reforestation and greenhouse gas (GHG) reduction efforts in local ecosystems, carbon markets advance climate goals as part of an overall suite of efforts that include direct decarbonisation and the shift to more sustainable supply chains. More of this industry news in this link: https://lnkd.in/gV6Zf2Su #carbonmanagement #renewablenergy #reforestation #decarbonisation Follow our page for weekly news updates on key industry developments and business grants.

Following the ratification of the Paris Agreement in 2021, Türkiye faces the dual task of addressing rising greenhouse gas emissions and aligning with global regulations like the EU Emissions Trading System. The journey towards #sustainability could transform Türkiye's economy, reducing its trade deficit and dependence on energy imports by harnessing the full potential of renewable energy sources. A recent McKinsey & Company article discusses potential #decarbonization pathways and how the country can capitalize on green business models and technologies, fostering sustainable economic growth: https://lnkd.in/gtsakSnp via Bengi Korkmaz, Eren Cetinkaya, Ece Ertürk

So proud to see how COWI and other Danish companies are setting high ambitions to drive towards sustainability ! Committing to: -Public renewable energy plans with measurable targets for phasing out fossil fuels. -Annual greenhouse gas data disclosure to increase transparency. -Responsible use of carbon credits. -Advocacy for ambitious climate action. -Mobilization of sustainable investments. -A just transition addressing social consequences. Let's lead by example and inspire other companies to join us on this journey toward a more sustainable and prosperous future for all. 🌎💪 #Sustainability #ClimateAction #GreenFuture #COWI

Exciting developments in the global journey toward sustainability brought to you by UK Government! 🌍 Just came across this insightful Bloomberg article on 'How the UK Is Helping Other Nations in the Race to Net Zero.' 🇬🇧💚 Explore the innovative initiatives and collaborations shaping a greener future. Check out the full read here: https://lnkd.in/e_7bY5Ww #NetZero #Sustainability #GlobalLeadership"

The global #carbonmarkets are set for a boom. The Science Based Targets initiative (SBTi) will now allow companies to use “environmental attribute certificates”—a category of #carbonaccountingmechanisms that includes #carbonoffsets and #renewableenergycertificates—to abate certain #Scope3 #emissions. It is likely to be a boom mired in controversy.

I found this a really interesting article about the challenges businesses will continue to face in hitting net-zero unless there is a clear direction and strategy from the Government. We have all seen the mixed messages (in fairness coming from both the Government and the Labour party) around hitting the net-zero 2030 target and it is no wonder that business (which as we all know thrives on certainty) is struggling to keep pace with the race to net-zero. But what I find most encouraging is that this article sets out, in fairly simple and realistic terms, what is needed to get us back on track. Whilst changing the public's perception will not be so easy, there is some low-hanging fruit in there such as incentivising investment in green energy.

BEAMA comment on Net Zero policy announcements – We need progress now for economic and environmental benefits BEAMA has written this morning to the Prime Minister and DESNZ Ministers in response to public comments made by the Government on major changes to critical Net Zero policies. Citing the interests of our members, householders and the environment, the UK’s electrotechnical industry trade association has made it clear that delaying progress to Net Zero will be damaging. Read our letter and the full comments of CEO Yselkla Farmer here: https://lnkd.in/eB5KmzFv #energypolicy #netzero #ukpolicy

Regional Hub review 2: Wales Zero Industry Wales is the umbrella organisation that supports the Welsh Industrial Clusters and its members on the journey to net zero carbon emissions. First announced by the Welsh government in 2022, Net Zero Industry Wales worked initially with an existing group of 40 business and academic partners operating within a wide range of energy-intensive industries to help them achieve Net Zero. Due in large part to Wales’ industrial heritage within the steel, oil, gas and chemicals sectors in south Wales, Wales-based businesses are responsible for around 20% of the UK’s overall industrial and business carbon emissions – many Welsh industrial and business carbon emissions can be directly attributed to companies along the M4 corridor. Up until recently, the SWIC cluster was the sole cluster supported by NZIW, however in a recent press release, a grant of £711k from Innovate UK has contributed to a total of £1.1 million in funding to develop a new cluster: the North East Wales Industrial Decarbonisation plan. To be developed by NZIW in conjunction with several regional partners — including Wales & West Utilities, Bangor University, Uniper, Net Zero Energy Systems and SP Energy Networks — the North East Wales Industrial Decarbonisation (NEW-ID) plan will see the formation of an official regional Industrial cluster. Exciting news and one region the Net Zero Recruitment team will be keeping a close eye on. #netzero #netzerorecruitment Sources: https://lnkd.in/d5PHdW6G

Has the Science Based Targets initiative (SBTi) buckled to pressure from carbon market players and corporate interests to allow companies to meet scope 3 targets with carbon credits? texfash.com probes. https://lnkd.in/gMGNSUjm #scope3 #emissions #carboncredits #climate #climateaction #ghg #texfash #greenhousegas #carbonmarkets #greenwashing #valuechainemissions #netzero #netzerogoals #VoluntaryCarbonMarketsIntegrityInitiative #VCMI #GreenhouseGasProtocol #corporates #corporateinterests Carbon Market Watch Mention: BeZero.es Microsoft Procter & Gamble Unilever Walmart KPMG Ireland KPMG UK S&P Global Stantec Waterman Group NewClimate Institute Greenpeace BEUC - The European Consumer Organisation Changing Markets Foundation Oxford Net Zero Quotes: Sabine Frank Teresa Hartmann Stephan Singer Doreen Stabinsky

Exciting news in sustainability! According to research from Ecosystem Marketplace, companies participating in the voluntary carbon markets (VCM) lead the way in climate action and responsibility, which results in:    • Faster emission reductions: VCM participants cut emissions 1.8X faster annually.  • Stronger collaboration: They're 1.3X more likely to engage suppliers, emphasizing collaboration.  • Increased investments: These companies invest more in renewable energy and emission reduction, driving change.  • Commitment to science-based targets: 3.4X more likely to set science-based climate goals.  • Comprehensive approach: 3X more likely to include Scope 3 emissions, despite challenges. Explore the report findings here: https://lnkd.in/eFuPZ6BP ACT is your dedicated partner in guiding your organization towards achieving net zero emissions – enabling you to continue leading the way in climate action.    With our end-to-end solutions, we support you throughout the decarbonization process. We assist in sourcing carbon credits, developing customized climate action projects, and procuring renewable energy—all tailored specifically to your organization's requirements. We are an ICROA partner and utilize the BeZero Carbon Platform to ensure the quality of our sourced and developed carbon projects.    To start a conversation visit: https://lnkd.in/eYVWsndD   #ClimateAction #Sustainability #CarbonMarket #CorporateResponsibility The Carbon Trust, IETA, Gold Standard