Announcements
Announcements
A Guardian investigation into the world’s leading carbon offset provider, Verra, found that 90% of its rainforest carbon offsets are “worthless,” bringing renewed attention to the offset claims gaining popularity in the corporate world.
ClimateWire, a subsidiary of Politico, spoke to SEI’s resident carbon market expert Derik Broekhoff for its own story on the unregulated and voluntary offset world, which quadrupled in value between 2020 and 2021.
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The efficacy of the carbon market continues to spark debate, especially given the greenwashing and lack of oversight that abounds among companies who volunteer to take part. And various investigations have determined that many carbon credits have no meaningful effect on greenhouse gas emissions or the environment, simply providing corporate feel-good claims with little backing.
ClimateWire’s Avery Ellfeldt provided an analysis of the wild west nature of carbon markets, speaking to experts such as SEI Senior Scientist Derik Broekhoff.
“I don’t think anybody thinks voluntary markets are going to solve climate change,” Broekhoff said. But these credits could pour “billions of dollars into climate change mitigation around the world that otherwise would not be forthcoming.”
Broekhoff also serves on the expert panel for the Integrity Council for the Voluntary Carbon Market, which is working to develop a “seal of approval” for quality offsets that provide a demonstrable environmental benefit, making it safer for companies to buy in.
ClimateWire is a subscriber-only news service, but Politico offered a free overview of the article in its sustainability newsletter, The Long Game.
Feature / Derik Broekhoff lays out the elements of a more equitable and ambitious corporate net-zero framework on TED Countdown.
Perspective / The UN HLEG on the Net-Zero Emissions Commitments of Non-State Entities released a report recommending ways to bolster standards for net zero targets.
Perspective / SEI's Derik Broekhoff offers recommendations on regulating net-zero standards and criteria for the UN Secretary General's High Level Expert Group (HLEG).
Media coverage / SEI's Derik Broekhoff features in a news segment by DW Planet A on FIFA's spurious claim that the 2022 World Cup will be carbon neutral.
Media coverage / Seattle's Climate Pledge Arena aspires to climate neutrality while hosting professional sports and concerts. Can it meet that ideal?
Media coverage / In an article in <i>Sierra</i>, the Sierra Club's magazine, SEI Senior Researcher Derik Broekhoff commented on carbon offsetting and net-zero as a global goal.
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