Go Climate Positive’s Post

The shift from "carbon neutral" to "net zero" is redefining climate action. While carbon neutrality often relies on offsetting emissions, net zero focuses on making real reductions.    Why the Change?  ✅Updated Standards: Experts and governments now prioritise reducing emissions over offsetting.  ✅New Legislation: Policies like the UK's "Net Zero: Build Back Greener" drive this shift.  ✅Scientific Basis: Net zero requires a 90% reduction in emissions before considering offsets.    Steps to Net Zero:  ✅Calculate your carbon footprint.  ✅Appoint in-house carbon champions.  ✅Develop a Net Zero transition plan.  ✅Contribute to global decarbonisation.  ✅Use carbon coaching services. At Go Climate Positive, we guide businesses on their journey to net zero with our "Road to Net Zero" program. Ready to start? Visit our website: https://go-positive.co.uk/  #sustainability #netzero #climateaction #goclimatepositive   

🌍 At COP29, a major step was taken in climate action with the finalized rules for a UN-administered global carbon market under Article 6.4 of the Paris Agreement. This breakthrough creates a unified system for trading carbon credits, paving the way for countries and companies to work together on impactful emission reduction projects. What Does This Mean? 🔍 Standardization & Integrity: A UN-supervised carbon market brings standardized methodologies and transparency, making it easier for markets to trust and verify carbon credits. 📍 Alignment of Emission Schemes: National and regional Emission Trading Schemes (ETS) will likely align with these new UN rules, ensuring clear processes and avoiding double counting of emissions reductions. 🌏 Global Collaboration: With Article 6.4, countries can now invest in emission reduction projects across borders and apply those credits toward climate goals—making climate action more accessible and cost-effective. 🤝 Market Integrity & Safeguards: The new rules include environmental and human rights safeguards to maintain high standards and credibility in carbon credit projects. 🌿 Voluntary Market Impact: This market could set a higher benchmark, encouraging organizations in voluntary markets to elevate their project quality to align with UN standards. The first step toward making this market efficient is accurate carbon accounting and a clear understanding of emissions footprints—you can’t mitigate what you can’t measure. Reach out to learn more about our Emissions Management Solution (EMS) and start your carbon journey with Coral. 🌱 #COP29 #ClimateAction #CarbonMarket #EmissionsTrading #Sustainability #Article6.4

🌍 How might COP29 influence the future of sustainable finance and the UK's involvement in global climate initiatives? Jessica Skedd, our Policy Manager, Green and Sustainable Finance, looks into the key developments and expectations for COP29, as well as the critical role our industry will play in driving sustainable finance. 📖 Read her blog here: https://lnkd.in/e5En5CTX #TheCityUK #COP29

How can voluntary carbon markets be improved to help fight climate change? In a voluntary carbon market, carbon credits are purchased, usually by organisations, for voluntary use rather than to comply with legally binding emissions reduction obligations. Ram Smaran Suresh Kumar sets out four key conditions for such markets to be effective in decarbonisation. The carbon removal must be permanent, verifiable, additional to what would have occurred anyway and there must be no double counting. By reforming such markets to ensure there are global standards for issuing carbon credits and government regulation of such markets, they can be an important tool in the net zero transition. https://lnkd.in/eGiuSsDj

Progress on a Global Carbon Market at COP 29 At COP 29, hosted this year by Azerbaijan, the United Nations climate conference marked a significant step forward in creating a global carbon market. Nations reached an agreement on essential standards under Article 6.4 of the Paris Agreement, laying the groundwork for this market’s implementation. The approved framework aims to establish a unified system of UN oversight to determine whether projects qualify to produce carbon reduction credits. These credits will be tradable between countries, enabling them to meet their nationally determined contributions (NDCs)—the individual carbon reduction commitments outlined under the Paris Agreement. Once operational, sustainability minded companies will be able to submit their carbon reduction or removal initiatives to the Article 6.4 supervisory body for registration and approval, opening the door to a more structured and accountable global carbon trading system thus replacing the current malfunctioning systems. A big step forward indeed.

What is the UK’s Net Zero Strategy? The UK aims to reach Net Zero by 2050, reducing emissions by 100% against a 1990 baseline. This goal requires a major effort from all sectors and the new Labour government will expect businesses to play a key role in driving decarbonisation. 🏭🌱 The UK is making slow progress in reaching its Net Zero goals and has been further impeded by recent announcements such as a five-year delay to the ban on new petrol and diesel cars. Both major political parties have faced criticism for weakening their climate commitments. Stronger, more consistent action is needed to stay on course. 🔄 Wylde Connections supports businesses in supporting the drive to Net Zero. Our 7 Steps to Net Zero eBook guides you through setting targets and reducing emissions. Embracing ESG principles is not only a moral imperative but will help mitigate risks and drive growth. Let’s work together for a sustainable future. 🌿📘 Click here to read our latest article: https://lnkd.in/ennY4Vka #NetZero #netzerostrategy #Labour #ESG #sustainability

At COP29, countries agreed to strong standards for a centralised carbon market, operated under the UN. This moment marked the product of over 10 years of negotiations. Speaking at a press conference, Yalchin Rafiyev, COP29 Lead Negotiator, said "When operational, these carbon markets will help countries implement their climate plans faster and cheaper, driving down emissions." Experts believe that the agreement reached on Monday could allow the global market to start up as soon as next year - allowing large scale action by countries to invest in solutions that are accelerating Global Net Zero. The Voluntary Carbon Market will continue to be a place for companies to take individual action to reach their net zero targets. And with an estimated 93% of companies needing to invest outside their value chains to meet their Net Zero goals, its vital that businesses continue to balance their [carbon] books.
 Reduce and Invest. https://lnkd.in/gtEksH4S #CarbonMarkets #Article6 #COP29 #CarbonCredits #Offsets #ReduceANDInvest

In the last few days at COP29, commitments related to climate change have garnered significant attention, with numerous nations ramping up their pledges to meet the Paris Agreement's 1.5°C goal. The conference has called for countries to revise their Nationally Determined Contributions (NDCs) by early 2025, focusing on enhanced emissions reductions by 2030 and new targets for 2035. These conversations have underscored the pressing need for quicker and more substantial emission reductions, especially in high-emission sectors such as energy and industry. The WEF reports that fossil fuel dependency has also been widely debated, with many representatives advocating for an accelerated transition away from coal, oil, and natural gas. Some parties are pressing for clearer, binding language to phase out fossil fuels entirely, which would mark a stronger stance than previous COPs. Additionally, there’s a strong emphasis on transitioning to renewable energy sources, with calls for a global increase in renewable capacity to help meet emission reduction targets. Discussions have also highlighted the importance of adaptation measures, particularly for countries already facing climate-induced challenges. This includes enhancing climate resilience in vulnerable areas, building sustainable infrastructure, and integrating climate-smart practices in agriculture and urban planning. Finance discussions continue with negotiations underway on climate finance responsibilities. Follow us for updates as COP29 heads into Day 4.

This week, Aon is at #COP29 where countries endorsed a global framework to standardize and expand carbon markets – a notable step in the global effort to reduce greenhouse gas emissions. With growth expected in 2025, Aon is committed to supporting carbon markets through risk mitigation, which in turn helps organizations unlock much-needed capital. Read more on the framework in Reuters: https://bit.ly/3YM9Jxj

Article 6 of the Paris Agreement establishes ways in which countries can voluntarily cooperate to achieve their emission reduction targets. In particular, it supports the establishment of voluntary carbon markets, where entities can trade carbon credits and use them to offset their emissions. But are these carbon markets truly important for the energy transition? How can they incentivize the change? Hear from Dr. James Henderson and watch our ‘COP 28 Results: A Farewell to Fossil Fuels?’ (https://lnkd.in/d5zpMs8N) webinar featuring Dr. Tatiana Mitrova to learn why COP28 didn’t bring much progress on the matter.  Follow this link to go straight to the carbon markets segment: https://lnkd.in/dujXaXxa  #NEAH_Events_Recap #ClimateChange #SustainableEnergy #TechnologicalNeutrality #CarbonCapture #GlobalClimateTalks #EnergyPolicy #EnvironmentalSustainability #MethaneEmissions #CarbonCredit #LossAndDamageFund #ClimateActionDebate #FossilFuelSubsidies #ClimateFinance #EnergyTransition #NuclearEnergy #OilAndGasIndustry #ClimateDialogue #RenewableSolutions #GlobalConsensus #EnvironmentalPolicy #ClimateChangeMitigation