May 19, 2024


Shell implicated in trading non-existent carbon credits, undermining carbon market integrity and raising questions about carbon capture’s role in climate mitigation. Shell, the oil and gas giant, has been involved in a controversy involving the registration of so-called ‘phantom’ carbon credits. These credits, tied to CO2 removal, were reported to be double-counted, leading to confusion...
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The surplus of CORSIA-eligible carbon credits is projected to turn negative by 2030 unless new supplies become available, according to an analysis by Abatable. Currently, the aviation sector contributes about 3% of global emissions. As a sector that’s difficult to decarbonize, it’s exploring direct low-carbon technological solutions like sustainable aviation fuel (SAF) and electrification. However, these solutions...
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