Tag: Sustainability & Profitability Podcast
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Climate Clocks
Climate Clocks The Climate Clock counts down the critical deadline for achieving zero emissions (referred to as our “deadline”) but also charts our progress along the vital solution paths (referred to as “lifelines”). It draws its power from a collective force of scientists, artists, educators and activists from all over the world. The next seven…
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Climate Change
Climate Change Climate change refers to the long-term variations observed in weather conditions due to the warming of the Earth’s atmosphere. These variations include changes in temperature, precipitation, wind patterns and other aspects of the climate system. Although natural processes, such as the solar cycle or massive volcanic eruptions, can contribute to these changes, human…
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Climate Action Tracker (CAT)
Climate Action Tracker (CAT) The Climate Action Tracker (CAT) is an independent scientific body dedicated to monitoring and evaluating governments’ decarbonization initiatives in alignment with the Paris Agreement’s objectives; to restrict global temperature increases to well below 2°C above pre-industrial levels, with efforts to limit the rise to 1.5°C by the end of this century.…
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Circular Economy
Circular Economy The circular economy is a production and consumption model characterized by the principles of sharing, reusing, repairing, renovating, and recycling existing products and materials for an extended lifespan, thus preserving their value. In this economic model, used products are kept within a series of loops, transforming them into precious resources rather than allowing…
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Carbon pricing
Carbon pricing Carbon pricing is an instrument that captures the external costs of greenhouse gas (GHG) emissions—the costs of emissions that the public pays for, such as damage to crops, health care costs from heat waves and droughts, and loss of property from flooding and sea level rise—and ties them to their sources through a…
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Carbon Footprint
Carbon Footprint As stated by Mike Berners-Lee, author of The Carbon Footprint of Everything, a carbon footprint is the “total sum of all the greenhouse gas emissions that had to take place in order for a product to be produced or for an activity to take place”. Each of these activities and products has its…
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Carbon credit/offset
Carbon credit/offset A carbon credit, also referred to as a carbon offset, is exchanged between private entities within the voluntary carbon market. These credits are issued by carbon crediting schemes and symbolize the reduction, removal, or prevention of one ton of CO2e. Carbon credits or offsets undergo a unique serialization process and are managed, issued,…
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Carbon capture and storage
Carbon capture and storage Carbon capture and storage (CCS) is a combination of technologies designed to prevent the release of CO2 generated through conventional power generation and industrial production processes. The technologies employed by CCS, such as absorption, chemical looping, and membrane gas separation, work to capture and store CO2 emissions in underground storage sites…
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Carbon Allowance
Carbon Allowance Carbon allowances represent official permissions granted by a governmental agency, allowing a company to release one ton of CO2 or its equivalent (CO2e). Governments establish emission targets in advance and progressively reduce them over time, aiming to achieve net-zero targets by 2050. These allowances are integral to compliance markets, where they can be…
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Carbon allowances, credits and offsets
Carbon allowances, credits and offsets Carbon allowances and carbon credits/offsets form part of carbon markets that attempt to reduce greenhouse gas emissions by putting a price on them, effectively turning CO2 into a commodity. While the terms are often used interchangeably, they trade on two distinct markets: carbon allowances – an official, or compliance market;…