carbon credits

Consolidation begins to hit the carbon credit market

Startups /

Carbon management startup Carbon Direct is buying another carbon credit startup, Pachama, the companies announced today. Pachama laid off around 20 employees this summer as voluntary carbon markets softened. The company had attracted investments from a range of prominent names, including Amazon’s Climate Pledge, Breakthrough Energy Ventures, Lowercarbon Capital, and several celebrity angel investors, including […]

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Not so fast: German court says Apple can’t call Watch carbon neutral

Gadgets /

Two years ago, Apple announced its Watch Series 9 as its first carbon-neutral product. From cradle to grave, the company said the manufacturing, use, and disposal of the then-new model didn’t contribute to global warming.  Now, a German court says that Apple has to recant the claim. Each aluminum Apple Watch Series 9 and Series

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Microsoft is buying tons of carbon removal from Xprize startup Vaulted Deep

Enterprise /

Microsoft is building data centers as fast as it can, and that’s killing its carbon balance sheet. Since 2020, its carbon emissions have grown by nearly a quarter, undermining the pledge it made that year to remove more carbon from the atmosphere than it generates by 2030. So Microsoft has been buying massive amounts of

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Amazon, Microsoft, and Exxon want to make scandal-plagued carbon markets more trustworthy

Enterprise /

Amazon, Exxon, and Microsoft have joined a new task force to burnish the image of scandal-plagued voluntary carbon markets. The task force, organized by the Bipartisan Policy Center think tank, is hoping to improve credibility of voluntary carbon markets, studying the status quo and drafting “policy recommendations for how the federal government can promote fair,

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Mercedes-AMG Petronas F1 team steers toward nature-based carbon credits

Transportation /

Few fans would associate Formula 1 racing with sustainability, but perhaps incongruously for a sport that glorifies combustion, the league has a goal to reach net-zero carbon emissions by 2030. For F1 teams, it’s not as simple as burning sustainable fuels in their race cars’ engines. In fact, the cars are responsible for less than

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Chestnut Carbon gets $160M to turn old farms into forests

Fundraising /

Nature-based carbon removal startup Chestnut Carbon has raised $160 million in Series B financing, the company told TechCrunch. The startup buys marginal and degraded farmland, plants them with native trees, and harvests the resulting carbon credits. Carbon credits have become a hot commodity, especially among tech companies looking to offset skyrocketing emissions caused in part

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Microsoft signs massive carbon credit deal with reforestation startup Chestnut Carbon

Climate /

Microsoft announced Thursday that it’s buying over 7 million tons of carbon credits from Chestnut Carbon. The 25-year deal would enable Chestnut Carbon to reforest 60,000 acres of land across Arkansas, Louisiana, and Texas, Axios reported. Recently, the tech company has struggled to rein in its carbon emissions as AI has driven a surge in

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Google strikes world’s largest biochar carbon removal deal with Indian startup Varaha

Climate /

Google has agreed to purchase 100,000 tons of carbon dioxide removal credits from Indian startup Varaha, its first such deal with a carbon project in India and the largest involving biomass-produced biochar (also called horticultural charcoal or “black gold” for soils). The offtake agreement credits will be delivered to Google by 2030 from Varaha’s industrial

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