Oil and gas interests pollute the carbon crediting rulebook and invest heavily in a marketplace flush with low-quality carbon credits. A new Carbon Market Watch report demonstrates how some of the world’s biggest fossil fuel companies use their oversized leverage to influence major decision-making
A review of existing studies finds that there is insufficient evidence to support the hypothesis that corporate investments in the voluntary carbon market increase a company’s climate ambition.
Amid soaring emissions, not one of the corporations evaluated in the latest Corporate Climate Responsibility Monitor received a clean bill of health for its climate strategy, though some isolated improvements occurred. This highlights the vital importance of governments stepping up to better regulate the
Some of the world’s best-known tech giants are emitting more while presenting climate targets that cause a system error due to outdated accounting rules and the voracious appetite for energy of artificial intelligence (AI), according to the latest Corporate Climate Responsibility Monitor. Fixing this
In new guidance, the Voluntary Carbon Markets Integrity Initiative (VCMI) is promoting the use of carbon credits to camouflage the fact that companies grappling with their indirect (scope 3) emissions are off track to reach their commitments. But carbon credits must not replace direct
Dozens of stakeholders have signed a joint statement urging companies and organisations to ditch outdated ‘carbon neutrality’ models and replace them with robust alternative approaches to climate action outside corporate value chains that provide much-needed finance without making unsubstantiated claims.
Despite its talk of making the World Cups climate friendly, FIFA is clearly following the money, whether it is from wealthy and polluting corporate sponsors or countries with questionable human rights and sustainability credentials.
Over 80% of carbon credits issued by more than 2,000 projects have a much lower climate impact than they claim, a new meta study finds. This has serious implications for the role of carbon markets in combating the climate crisis. The peer-reviewed paper, whose
Despite huge revenue generated on the field at Euro 2024, off it, UEFA’s climate funding is not scoring as many goals as it could. Yet, it’s leagues ahead of FIFA’s poor performance
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