News

Verra, a nonprofit organization that sets standards for environmental and social markets, announced on May 2 that its Verified Carbon Standard (VCS) Program has received approval from the Integrity Council for the Voluntary Carbon Market (ICVCM).

Most companies purchasing carbon credits have not been made net-zero pledges approved by SBTi. According to MSCI Carbon Markets, over the past decade, only 13% of companies using carbon credits have set long-term carbon reduction targets. The report furth

According to recently compiled data, seven countries now generate almost all of their electricity from renewable energy.

The International Energy Agency (IEA) predicts that a significant decline in battery costs for energy storage over the next few years will accelerate the transition from fossil fuels to renewable energy, as reported on Apr. 25.

Sam Altman, OpenAI CEO, to address the massive power demands of data centers, has recently expanded into renewable energy, particularly focusing on solar power and energy storage, alongside investments in nuclear fusion technology.

The Science Based Targeting Initiative (SBTi) will allow companies to offset Scope 3 emissions using carbon credits, a move that could trigger greenwashing controversies or significantly change the renewable energy certificate (REC) and carbon credit mark

To mitigate global warming, the Paris Olympics has set ambitious carbon reduction goals. However, the non-profit organization Carbon Market Watch argues that its carbon footprint remains excessively high, making it difficult to be sustainable.

The Science Based Targets initiative announced that it will allow the use of carbon credits to reduce emissions from Scope 3. Draft guidelines for the new policy, which will inform a revised Corporate Net Zero Standard, are set to be published July.

According to global consulting firm Kearney, over 70% of executives in the Asia-Pacific region expressed reluctance to publicly disclose carbon reduction plans due to greenwashing anxieties.

Nike has dodged a potential lawsuit following a judge's dismissal of the case related to greenwashing due to insufficient evidence.