CIP Webinar: Climate Credits and Climate Leadership

As the 1.5°C limit of the Paris Agreement soon approaches, GHG emissions need to be reduced and mitigated before undoable damage occurs.

There’s no doubt that many companies are working hard to reduce their emissions, but there are some emissions they cannot yet abate.

One way to take responsibility for this is by purchasing carbon credits.

The thing about carbon, compared to other sources of pollution, is that it doesn’t matter to the atmosphere where in the world it is reduced.

This means that while companies focus on internal reductions, they can also legitimately fund external carbon projects to remove, reduce or avoid GHG emissions.

This is a way to help compensate for their unavoidable emissions, until they can eliminate them.

What is a carbon credit?

Each carbon credit is independently verified and proves that one tonne of CO₂e has been avoided or sequestered out of the atmosphere.

According to the World Economic Forum (WEF), there are three types of carbon credits:

• Those from reduced emissions (typically energy efficiency measures)
• Removed emissions (carbon capture and planting forests)
• And voided emissions (for example refraining from cutting down rainforests).

Climate Impact Partners: “While there have been debates about the right way to use carbon credits, experts now generally agree that high quality credits, used alongside internal reductions, are an important tool to compensate for residual emissions as a company transitions to Net Zero.”

Fortune Global 500 (FG500) research shows that 72% of FG500 companies now have at least one climate commitment and that net zero is now established as the dominant framework. It also shows how companies are increasingly planning to use carbon credits as part of their climate strategy.

Taking place on 30 June at 4pm BST, the webinar, Setting the pace: Carbon Credits and Climate Leadership in the Fortune Global 500, is set to host experts on climate commitments and frameworks and discuss the role of carbon credits.

Carbon credits and climate change

Climate Impact Partners states that not only do carbon credits enable critical finance to flow to decarbonisation projects, they can also direct this finance to projects that also restore nature and biodiversity and support communities around the world.

Other organisations are also opening up engagement in carbon markets, for example the SBTi has recently included pathways to use carbon credits into its revised net zero standard.

According to WEF, the European Union is considering whether to reintroduce carbon credits into its climate goals.

Climate Impact Partners concludes: As net zero targets loom closer, companies also need to act now to secure the removals credits they will need at the point of net zero.

Now is a great time for CSOs to set up the right long term partnerships they will need to get the right credits at the right price.

CIP is a carbon market expert with almost 30 years of experience, helping companies of all sizes to reach their sustainability targets.

The carbon experts provide carbon credits, energy attribute certificates and sustainable aviation fuel to help organisations reach climate goals.

Carolyn Bacchus, Senior Client Solutions VP, ClP and Ben Wielgus, Sustainability Director, Informa are set to bring research insight and real-world implementation experience to the conversation.

Whether attendees are refining climate strategies or looking to benchmark progress, the session is set to provide practical, data-driven insights.

Register for the Setting the pace: Carbon Credits and Climate Leadership in the Fortune Global 500 here.