- CDR credit plans - US-based pharmaceutical multinational Eli Lilly said in its 2024 sustainability report that it intends to buy CDR credits to address its unabated emissions. The company said it has not yet bought any carbon offsets, noting its primary strategy is to directly reduce emissions and replace carbon-intensive sources with clean energy sources where possible. However, to achieve carbon neutrality, Eli Lilly said it recognises the remaining emissions will need to be offset by purchasing carbon offsets from climate protection projects with “recognised quality standards”. The company said it strives to be carbon neutral in its own operations by 2030. The company reported achieving a 37% absolute emissions reduction in its own operations from 2020 to 2024, as well as 15% year-on-year reduction from 2023 to 2024.
- A district court hearing in Germany last week questioned the validity of Apple’s climate neutrality claims for its Apple Watch, following a lawsuit by a German consumer protection organisation over the long-term effectiveness of the company’s carbon offset projects, local media reported.
- Mon 15:13A pilot project backed by Japan’s Ministry of Economy, Trade, and Industry (METI) is deploying artificial intelligence and remote sensing technologies to enhance forest carbon monitoring across a 6,000-hectare reforestation site in Malawi.
- The government of Madagascar has enacted a decree setting a comprehensive legal and operational framework for accessing the national forest carbon market by defining the ownership of emissions reductions and setting the rules for carbon programmes.
- Mon 14:25A global cruise company says it is focusing its decarbonisation efforts on energy efficiency after seeing direct emissions rise last year, while omitting any mention of carbon credits despite being a buyer in the past.
- Mon 14:16Zimbabwe has issued a Letter of Authorisation (LoA) for up to 2.855 million Article 6 Internationally Transferred Mitigation Outcomes (ITMOs), issued or to-be-issued, to a cookstove project, with 5,000 of those credits receiving corresponding adjustments, the developer confirmed to Carbon Pulse on Monday.
- CO2 capture from shipping - Ecospray has brought to market an amine-based carbon capture solution for shipping, enabling the capture of up to 80% of CO2 emitted during ship operations in specific conditions. The system has high energy efficiency, reducing energy consumption by up to 50% compared to similar technologies and transforming waste heat from ship engines into a valuable resource. Ecospray is also working with Captura and Equinor on an initiative to capture CO2 from seawater. (Manifold Times)
- A state in Nigeria will soon launch a subnational carbon exchange that will enable it to monetise emissions reductions through certified carbon credits, the government has announced.
- Mon 07:38ESG Light credits - Synergy ESCO, the Malaysian subsidiary of Hong Kong-based energy services company Unity Group, has launched a new brand of energy efficient light bulb suitable to generate carbon credits, it announced. The "ESG Light" operates at 4.5 Watts, and delivers an estimated 89% energy savings compared to conventional lighting. The company plans to partner with the Selangor state government to retrofit 6,000 apartment units with these lights and earn revenue from the subsequent generation and sale of carbon credits. While the company claimed its bulb to be the world's first to be eligible to generate carbon credits, existing energy efficiency methodologies in Japan and Australian carbon market schemes allow similar activities to be credited.
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