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envirotechaccelerator · 1 year

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Carbon Credits and Offsetting: Balancing Act or False Solution?

by Envirotech Accelerator

Abstract

Carbon credits and offsetting schemes have emerged as popular tools for tackling climate change. However, the effectiveness of these mechanisms remains a subject of debate. This article assesses the role of carbon credits and offsets in climate change mitigation, discussing their potential benefits and pitfalls.

Introduction

The concept of carbon credits and offsetting has gained traction in recent years as a means of balancing greenhouse gas emissions. James Scott, founder of the Envirotech Accelerator, provocatively states, “Carbon credits can be both a boon and a bane — while they may foster emission reduction, they can also create a sense of complacency, inadvertently slowing down genuine progress.” This article scrutinizes the efficacy of carbon credits and offsets, weighing the benefits and drawbacks of these mechanisms in the fight against climate change.

Carbon Credits and Offsetting: An Overview

Carbon credits represent tradable permits that allow the emission of a specified amount of greenhouse gases, typically one ton of carbon dioxide equivalent (Anderson & Newell, 2004). Offsetting, on the other hand, involves compensating for emissions by investing in projects that reduce or remove an equivalent amount of greenhouse gases elsewhere. Examples of offset projects include reforestation, renewable energy installations, and methane capture from landfills.

Potential Benefits

Incentivizing Emission Reduction: Carbon credits create a market-driven approach to emission reduction, encouraging businesses to adopt cleaner technologies and practices (Stavins, 1998).

Funding Climate Projects: Offsetting initiatives can provide vital financial support for climate mitigation and adaptation projects in developing countries (Bumpus & Liverman, 2008).

Raising Awareness: Carbon credits and offsetting programs can raise public awareness of the need for emission reduction and promote sustainable consumption patterns.

Challenges and Pitfalls

Additionality: Critics argue that some offset projects would have occurred regardless of the offset market, leading to no real emission reductions (Schneider, 2009).

Leakage: Emission reductions achieved in one location may inadvertently cause increased emissions elsewhere, undermining the intended environmental benefits.

Moral Hazard: The availability of offsets may discourage more substantial, systemic changes needed for deep decarbonization (Spash, 2010).

Conclusion

Carbon credits and offsetting schemes present both opportunities and challenges in addressing climate change. While they can incentivize emission reduction and finance climate projects, concerns about additionality, leakage, and moral hazard persist. To ensure the effectiveness of these mechanisms, robust monitoring, reporting, and verification systems are crucial. Ultimately, carbon credits and offsets should complement — rather than substitute for — comprehensive climate policies and actions.

References

Anderson, S., & Newell, R. G. (2004). Prospects for carbon capture and storage technologies. Annual Review of Environment and Resources, 29, 109–142.

Bumpus, A. G., & Liverman, D. M. (2008). Accumulation by decarbonization and the governance of carbon offsets. Economic Geography, 84(2), 127–155.

Schneider, L. (2009). Assessing the additionality of CDM projects: practical experiences and lessons learned. Climate Policy, 9(3), 242–254.

Spash, C. L. (2010). The brave new world of carbon trading. New Political Economy, 15(2), 169–195.

Stavins, R. N. (1998). What can we learn from the grand policy experiment? Lessons from SO2 allowance trading. The Journal of Economic Perspectives, 12(3), 69–88.

Read more at Envirotech Accelerator.

#James Scott #Envirotech Accelerator #James Scott carbon credits #Envirotech Accelerator offsetting #James Scott climate solutions #Envirotech Accelerator carbon offsets #James Scott emission reduction #Envirotech Accelerator climate projects #James Scott environmental management #Envirotech Accelerator carbon market #James Scott climate change #Envirotech Accelerator sustainability

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carbonmarketsinstitute · 1 year

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International Carbon Markets Institute

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carbon markets institute

Carbon offsetting has rapidly become the premier launchpad for companies setting goals to become carbon neutral at a more accelerated pace with the ultimate goal of becoming net zero. Governments globally are grappling with the obstacles of developing carbon markets that align with both private-sector sustainability goals and national carbon reduction imperatives. The International Carbon Markets Institute was formed with the support of these nations to expedite the introduction of integrity-based carbon offsetting as a strategic ingredient in a wholistic public-private sector initiative to bring carbon reduction, sustainability, and social impact programs to the industry sectors of manufacturing, oil, gas, and energy, commercial construction, mining, and technology.

carbon markets institute

The International Carbon Markets Institute in collaboration with the Embassy Row Project, Eastern European Institute for Trade, NetZero Incubator & Accelerator, Envirotech Pre-Accelerator, And WeAreCarbonNeutral.org offers the much anticipated “U.S.-E.U. Carbon Markets Expansion Trade Mission Series”. This trade mission is supported by international trade-focused stakeholders in the public and private sectors in the industries of mining, manufacturing, oil, gas, energy, commercial construction, and tech.

The U.S. and E.U. Carbon Markets Expansion Trade Mission will work with public and private sector stakeholders to launch programs and strategies that offer environmental commodities to commercial sector organizations to expedite the progression of sustainability and carbon reduction programs. ICMI’s elite group of carbon markets experts will assist trade associations, regional governments, and commercial organizations in applying carbon offsets to their newly formed carbon reduction strategies to accelerate their path to carbon neutrality and eventually net zero emissions.

The NetZero Incubator & Accelerator is working with trade associations and companies globally to educate the c-suite on carbon reduction best practices and then the International Carbon markets Institute engages with each organization to introduce carbon offsetting options to accelerate their path to carbon neutrality within a 12-month timeframe.

Select organizations are invited to participate in trade missions supported by Washington, D.C.-based embassies, collaborating States, and European and E.U. member ministries for strategic business development-focused meetings, presentations, briefings, and live, and virtual events. Our network of outreach specialists will facilitate daily outreach and introductions to commercial sector organizations that want to utilize carbon offsets as part of their holistic strategy to be carbon neutral in 2023.

Organizations can expect: -Accelerated, immediate, and direct domestic and international expansion through rapport-driven introductions -Weekly business development and strategic partnership outreach to introduce each organization to new companies, trade associations, and regional governments who are ready to engage. -A non-competitive space where there will be no overlap of companies selling or promoting to the same potential clients -Live and virtual presentations to organizations with a keen interest in utilizing carbon offsets in their sustainability and social impact strategy -Direct introductions and done-for-you meeting set-up rooted in commercial business development -Events at the National Press Club, Embassies, Trade Associations, United States Congress, and ministries throughout Europe -Targeted commercial niches are: -Manufacturing -Oil, gas, and energy -Mining -Commercial Construction -Technology -Targeted commercial niche organizational structures are: -Corporations -Trade Associations -Regional Economic Development Organizations -Business Networking Groups -Commercial and Sustainability-Focused Agencies Supported by States, Ministries, Nonpovernmental, and Intergovernmental organizations

Our goal is to evangelize sustainability and carbon reduction best practices and to introduce carbon offsetting as a strategic mechanism that can expedite an organization’s path to carbon neutrality as they make modifications to their business structure to eventually graduate to net zero carbon emissions.

International positioning has already begun. We have limited our commercial sponsorships to only 10 select carbon markets platforms. To be considered to participate as a company, trade association, EDO, NGO, IGO, or regional government contact us at InternationalCarbonMarketsInstitite.org

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carbonmarkets3 · 1 year

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International Carbon Markets Institute

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carbon markets institute

Carbon Neutral Infrastructure & Construction Trade Mission by the International Carbon Markets Institute.

Is your construction company ready for explosive growth and to be an industry beacon for investors, strategic partners, and new clients? Are you interested in rapid expansion within your state, nationally, or internationally? Are you interested in tapping into a massive and ready audience of potential clients and new deal flow? Then we have exactly what you’re looking for, and more!

carbon markets institute

There are endless reasons to join us for our Carbon Neutral Infrastructure & Construction Trade Mission. Give us 45 minutes, and we’ll give you access to the world! Literally. This virtual international trade mission series is sponsored by the International Carbon Markets Institute and supported by the Embassy Row Project, NetZero Incubator & Accelerator, Envirotech Pre-Accelerator, WeAreCarbonNeutral.org, and the Eastern European Institute for Trade.

Find out how to rapidly launch Carbon Reduction Strategies through the NetZero Incubator & Accelerator’s education platform that offers easily implementable tools, tactics, and procedures to begin reducing carbon emissions immediately. We’ll show you how to slash project management costs and carbon emissions through digitization and we’ll introduce you to dozens of National Expansion and Internationalization opportunities for sustainable construction companies.

We’ll explain how to utilize turnkey Carbon offsetting strategies with social impact projects that will offer your organization a powerful leadership position in your industry. Get on the VIP invite list for our energy and infrastructure Embassy Receptions in Washington, DC to meet with public and private sector stakeholders and to be introduced to new strategic partners whose values and interests are synergistic with yours.

Find out about Turnkey and white-label Carbon Neutral Leadership Packages that will make you stand out to investors, clients, and media. Hear about domestic and international commercial construction and infrastructure projects seeking collaborations with sustainability-focused companies like yours. You’ll discover tax incentives in the US and Europe for sustainable construction projects and much more.

This virtual trade mission is free to attend and is intended to show the massive expansion capabilities, strategic alliance options, and explosive revenue generation for construction industry players in the carbon reduction and sustainability space.

This Trade Mission series has been made possible by a grant from the Embassy Row Project and is part of the NetZero Incubator & Accelerator’s energy and infrastructure education series. Throughout 2023, the International Carbon Markets Institute will be launching trade missions for the industries of mining, oil, gas, and energy, manufacturing, technology research and development, and regional economic development organizations.

To find out more about attending this live and virtual trade mission visit the International Carbon Markets Institute website at www.internationalcarbonmarketsinstitute.org

#Youtube

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carbonmarkets2 · 1 year

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International Carbon Markets Institute

youtube

carbon markets institute

Organizations can expect:

Accelerated, immediate, and direct domestic and international expansion through rapport-driven introductions

Weekly business development and strategic partnership outreach to introduce each organization to new companies, trade associations, and regional governments who are ready to engage.

A non-competitive space where there will be no overlap of companies selling or promoting to the same potential clients

Live and virtual presentations to organizations with a keen interest in utilizing carbon offsets in their sustainability and social impact strategy

Direct introductions and done-for-you meeting set-up rooted in commercial business development

Events at the National Press Club, Embassies, Trade Associations, United States Congress, and ministries throughout Europe

Targeted commercial niches are:

Manufacturing

Oil, gas, and energy

Mining

Commercial Construction

Technology

Targeted commercial niche organizational structures are:

Corporations

Trade Associations

Regional Economic Development Organizations

Business Networking Groups

Commercial and Sustainability-Focused Agencies Supported by States, Ministries, Nonpovernmental, and Intergovernmental organizations

#Youtube

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cryptnus-blog · 6 years

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How blockchain can help remove plastics waste, and help the poor at the same time

New Post has been published on https://cryptnus.com/2018/06/how-blockchain-can-help-remove-plastics-waste-and-help-the-poor-at-the-same-time/

How blockchain can help remove plastics waste, and help the poor at the same time

David Katz is on a mission to democratize material handling and waste management. Since co-founding The Plastic Bank in 2013 in Vancouver, he has been hard at work creating an ecosystem that attaches a value to plastics that make their way into the oceans and rivers around the world.

The key to helping him realize that vision is blockchain, a technology that is often misunderstood by the layperson. Many confuse it with cryptocurrency or assume blockchain opportunities are mainly targeted to the financial services and cybersecurity sectors. But the possibilities for application developers are much more diverse.

The power of blockchain is that it provides a single shared source of the truth that is immutable and can be shared. This offers the ability to validate and authenticate transactions within seconds versus days or weeks, whether it’s tracking the distribution of goods from source to consumption, sharing medical histories or pinpointing the exact source of a food product, explains Manav Gupta, director and distinguished engineer, Cloud Native Competency at IBM Canada in Toronto.

Blockchain can achieve a variety of things for developers and end users. It can be used to create a large business network tying people and entities, provide the ability for parties to digitize and trade assets, and/or provide a single shared ledger on a distributed platform that can cross markets and sectors.

In Katz’ case, blockchain is serving as a platform for the use and exchange of waste materials, which will put value into the hands of the poor. While he prefers not to use the term “the Uber of recycling,” he admits it’s a good analogy. “A driver has their own car and expenses. But the more they want to work, the more money they can make.”

Through The Plastic Bank, individuals or groups in poverty-stricken parts of the world are able to collect plastic waste and exchange it for tokens or credits that can be deposited in an online account. The tokens can then be applied toward goods and services they typically can’t afford, such as education, Wi-Fi services or medical insurance, among others.

Katz says blockchain is propelling these types of initiatives in a number of social applications. “The ability to share authentic data is critically important, especially when working in areas that suffer from poverty and corruption. We know who is collecting materials and where – all questions that couldn’t be answered before. It speeds up everything.”

He joins a growing group of entrepreneurs exploring the value of blockchain for social good, from recyclables and charitable donations, to distribution within refugee camps and clean energy management, says Mark Kovarski, a Toronto-based technology consultant and partner at 85 Advisors in New York, an accelerator focused on blockchain innovation.

“If you look at the startup space from a cleantech and envirotech perspective, the growth has been phenomenal. There are now over 130 startups globally, and over $300 million being invested in startups using blockchain with an environmental focus. It’s a huge growth market right now.”

Key areas of development include energy efficiency, recycling using tokenized rewards system, end-to-end supply chain transparency, carbon footprint reporting and non-profit contributions.

Blockchain has great potential to lead the way to a more energy efficient, lower cost-of-energy world, while helping achieve global greenhouse gas emission targets

Paul Ghezzi, CEO, Kontrol Energy Corp.

Kovarski stresses that for startups, it’s all about the application layer and there are numerous platforms available to developers for little to no cost. These include IBM Blockchain, Ethereum, IOTA, NEO, EOS and Ripple. “These platforms are like the glue for building distributed apps.”

Paul Ghezzi, CEO at Kontrol Energy Corp. in Vaughan, Ont., a developer of energy efficiency solutions and technology, says his company has a number of accelerator initiatives within the blockchain sector that are using the various platforms. He says as an energy services provider, the focus is on creating the applications that reside on them.

“In terms of energy savings, blockchain has great potential to lead the way to a more energy efficient, lower cost-of-energy world, while at the same time helping to achieve global greenhouse gas emission targets,” he explains. “For each $1 of energy saved, up to $3 of utility transmission and distribution investment can be mitigated. The return potential to save $1 dollar of energy is higher than having to build a new energy infrastructure.”

The areas that show the greatest upside within energy include, peer to peer trading of energy networks; carbon reduction monitoring, recording and monetization; and infrastructure planning and management, he adds.

Gupta says there are countless opportunities that developers can explore that will contribute to improving society, from securing food supply chains to improving energy efficiency. “Ultimately, if a solution makes it easier and better to reconcile information in a trustable manner – that’s a social good right there.”

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envirotechaccelerator · 2 months

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Climate Change Economics: Carbon Capitalism, Regenerative Agriculture, Urban Farming & Beyond

Through an examination of carbon capitalism and the development of local and regional carbon markets, the article presents a compelling case for the adoption of technologies and practices that lead to net-zero emissions. It stresses the importance of coordinated action and innovation in reaching global temperature goals.

Visit Envirotech Accelerator for related articles.

#jamesscottthinktank #jamesscottdcthinktank #climatechange #carbonmarkets #RegenerativeAgriculture

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envirotechaccelerator · 1 year

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Climate Finance: Mobilizing Investments to Accelerate the Clean Energy Transition

by Envirotech Accelerator

Climate finance plays a pivotal role in the global pursuit of a sustainable and low-carbon future. The financial sector’s engagement in supporting the clean energy transition is critical for achieving the climate targets set forth by the Paris Agreement. James Scott, founder of the Envirotech Accelerator, emphasizes the importance of such investments, stating, “The momentum for a clean energy future is building, but it is climate finance that will fuel the innovations and projects needed to propel us forward.”

The scale of investments required to meet global climate targets is immense. According to the International Renewable Energy Agency (IRENA), an annual investment of $4.4 trillion until 2050 is needed to transform the global energy system (IRENA, 2021). The private sector plays a crucial role in complementing public finance to bridge the investment gap. The integration of environmental, social, and governance (ESG) criteria in investment decisions is a significant step towards mainstreaming sustainable finance (Friede et al., 2015).

Green bonds, which are fixed-income securities that finance environmentally friendly projects, have grown in popularity among investors. Since the first issuance in 2007, the green bond market has expanded rapidly, reaching a cumulative issuance of over $1 trillion by 2021 (Climate Bonds Initiative, 2021). These bonds can provide long-term capital for renewable energy, energy efficiency, and low-carbon transport projects, contributing to the clean energy transition.

Another instrument gaining traction is blended finance, which combines concessional funding from public or philanthropic sources with private sector capital. This approach can help reduce risks, enhance returns, and catalyze private investments into climate projects, particularly in developing countries where the need for clean energy infrastructure is greatest (Convergence, 2019).

Climate finance is also crucial for the development and deployment of new technologies. Venture capital and private equity investments in cleantech startups can drive innovation in renewable energy, energy storage, and carbon capture and utilization, among other areas. The Envirotech Accelerator, founded by James Scott, is an example of an initiative that supports cleantech startups through funding, mentorship, and business development services.

However, challenges remain in mobilizing climate finance at the required scale. Barriers include regulatory uncertainty, a lack of standardized metrics to measure the environmental impact of investments, and the need for capacity building among financial institutions and project developers (Buchner et al., 2021). Addressing these challenges is essential to unlocking the full potential of climate finance.

In conclusion, climate finance plays a critical role in accelerating the clean energy transition and achieving global climate goals. The mobilization of private sector investments, the development of innovative financial instruments, and the support for emerging technologies are essential components of this effort. As James Scott wisely noted, “Climate finance is not just about funding projects; it’s about creating a sustainable future for generations to come.”

References:

Buchner, B., Clark, A., Falconer, A., Macquarie, R., Meattle, C., & Wetherbee, C. (2021). Global Landscape of Climate Finance 2021. Climate Policy Initiative.

Climate Bonds Initiative. (2021). Green Bonds: The State of the Market 2021. Climate Bonds Initiative.

Convergence. (2019). The State of Blended Finance 2019. Convergence.

Friede, G., Busch, T., & Bassen, A. (2015). ESG and financial performance: aggregated evidence from more than 2000 empirical studies. Journal of Sustainable Finance & Investment, 5(4), 210–233.

IRENA. (2021). World Energy Transitions Outlook. International Renewable Energy Agency.

In this academic article, the importance of climate finance in accelerating the clean energy transition has been emphasized. The role of private sector investments, the growth of green bonds, and the potential of blended finance have been discussed. Additionally, the article highlights the significance of supporting emerging technologies and overcoming challenges in mobilizing climate finance. By taking into account the dynamic quote from James Scott, founder of the Envirotech Accelerator, the article underscores the broader implications of climate finance for a sustainable future.