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, […]
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
Mercedes-AMG Petronas F1 team steers toward nature-based carbon credits Read More »
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
Chestnut Carbon gets $160M to turn old farms into forests Read More »
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
Microsoft signs massive carbon credit deal with reforestation startup Chestnut Carbon Read More »
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
Google strikes world’s largest biochar carbon removal deal with Indian startup Varaha Read More »
