Discover and read the best of Twitter Threads about #Offsetting
Most recents (19)
Breaking: the European Commission just included #biodiversity #offsetting in its #taxonomy of "green" economic activity, and obfuscated this inclusion into yesterday's delegated act behind anti-democratic confusing legalese. 1/6
finance.ec.europa.eu/system/files/2…
finance.ec.europa.eu/system/files/2…
An earlier draft of the delegated act included the following language: « 6.1. The conservation activity does not only serve the purpose of offsetting the impact of another economic activity.”
This was already some very twisted language to say offsetting is included. 2/6
This was already some very twisted language to say offsetting is included. 2/6
...But not sufficient, as a few of us called them on it. So instead of removing the allowance for offsetting, they merely reworded it to try and convince civil society that the issue was gone. 3/6
🚨NEW STUDY🚨
Recent analysis published in @naturesustainab “use #biogeochemical simulations to show that restoration of the marine ecosystems can lead to permanent #CO2Removal by driving #OceanAlkalinityEnhancement & atmosphere-to-ocean #CO2Fluxes.”
Key findings in a🧵⬇️
1/12
Recent analysis published in @naturesustainab “use #biogeochemical simulations to show that restoration of the marine ecosystems can lead to permanent #CO2Removal by driving #OceanAlkalinityEnhancement & atmosphere-to-ocean #CO2Fluxes.”
Key findings in a🧵⬇️
1/12
Findings of this study suggest that “restoring mangroves, which are common in tropical shallow marine settings, will lead to notable local #OceanAlkalinityEnhancement across a wide range of scenarios.”
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“The process is seagrass & mangroves influence the organic & inorganic cycling of C in sediment, with strong impacts on diffusive #alkalinity fluxes. In carbonate-rich sediment, seagrass & mangroves foster carbonate dissolution, resulting in increased alkalinity production...
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1/14 BREAKING -The European Commission just published a draft #taxonomy's delegated act for biodiversity - i.e. its list of the economic activities that fight biodiversity loss in the EU - that includes debunked #biodiversity #offsetting
2/14 The list includes so far 2 activities, with more to come in the future:
1. Conservation and restoration of habitats, ecosystems and species;
2. The provision of short-term tourism accommodation
1. Conservation and restoration of habitats, ecosystems and species;
2. The provision of short-term tourism accommodation
3/14 We first note that the conservation & restoration activity does not prioritize curbing destruction over restoration, thereby implicitly favouring the latter, despite its uncertain & delayed results and weak track record
We know that +50% of green claims in the EU are misleading or unfounded. What's the Commission planning to do about it in the #GreenClaims proposal? Some initial thoughts on the proposal and #offsetting🧵1/
environment.ec.europa.eu/publications/p…
environment.ec.europa.eu/publications/p…
🌱 The Green Claims Proposal has recognized the issues with climate-related claims such as "#carbonneutral" and "#netzero". Although it increases transparency, it doesn't do enough to actually tackle the use of misleading claims based on offsetting. 2/
📜In the recitals, the proposal acknowledges that claims relying on offsets outside the company's value chain can be misleading due to inaccuracies, lack of transparency, and double counting and that emission reductions within a trader's operations should be prioritized. 3/
Unveiled: The UN aviation agency (@ICAO) is captured by corporate interests 📈🤑!
Right in time for #ICAOA41 a new report by @Influencemap reveals how corporate interests influence the global climate policy at the UN agency for aviation.
Why is this so concerning?
🧵⬇️
Right in time for #ICAOA41 a new report by @Influencemap reveals how corporate interests influence the global climate policy at the UN agency for aviation.
Why is this so concerning?
🧵⬇️
.@ICAO has some serious and concerning transparency issues:
🤐 Non-disclosure agreements for delegates to join closed-door meetings
🔒 secret climate negotiations
🚫 media bans for key climate meetings
Find the report: influencemap.org/report/Corpora…
2/6
🤐 Non-disclosure agreements for delegates to join closed-door meetings
🔒 secret climate negotiations
🚫 media bans for key climate meetings
Find the report: influencemap.org/report/Corpora…
2/6
Living in dreamworld: why international aviation emissions have no chance of being addressed at UN @icao level
🧵
@eaTransport @EURACTIV @CarbonMrktWatch
euractiv.com/section/aviati…
🧵
@eaTransport @EURACTIV @CarbonMrktWatch
euractiv.com/section/aviati…
For decades, the #aviation industry has long resisted all but ineffective international regulation on emissions.
The UN body @icao has only agreed to regulations that promote growth📈and has done nothing to reduce emissions.
The UN body @icao has only agreed to regulations that promote growth📈and has done nothing to reduce emissions.
International aviation will be regulated by a cheap #offsetting scheme. Why is that bad?
❌The offset price is less that €1/tonne of CO2
❌Passengers will pay €2 on a flight to NY to offset emissions
❌These sums won't incentivise the uptake of clean fuels or technology
❌The offset price is less that €1/tonne of CO2
❌Passengers will pay €2 on a flight to NY to offset emissions
❌These sums won't incentivise the uptake of clean fuels or technology
Upcoming at the #NaturebasedSolutions Conference, 5-7 July 2022 in Oxford and online:
Join Session 3 ‘#NbS in #NetZero: avoiding #greenwashing and supporting the #SDGs’.
Convenors: @OxfordNetZero
#NbSConference2022
1/
Join Session 3 ‘#NbS in #NetZero: avoiding #greenwashing and supporting the #SDGs’.
Convenors: @OxfordNetZero
#NbSConference2022
1/
2/ The session will:
- address concerns on using #NaturebasedSolutions for #greenwashing, examine the evidence, & explore how to avoid this.
- scrutinise the role #NbS can play in achieving #netzero & in #offsetting, while avoiding negative impacts on #people, #climate & #nature.
- address concerns on using #NaturebasedSolutions for #greenwashing, examine the evidence, & explore how to avoid this.
- scrutinise the role #NbS can play in achieving #netzero & in #offsetting, while avoiding negative impacts on #people, #climate & #nature.
3/
Speakers include:
Convenors: Steve Smith, Executive Director @OxfordNetZero @CO2REhub.
@cecilegirardin, Director of Nature-based insetting, Technical Director @NatureBasedSols, Science lead @BiodivOxford, @oxmartinschool, @ecioxford, @OxfordEcosystem.
…
Speakers include:
Convenors: Steve Smith, Executive Director @OxfordNetZero @CO2REhub.
@cecilegirardin, Director of Nature-based insetting, Technical Director @NatureBasedSols, Science lead @BiodivOxford, @oxmartinschool, @ecioxford, @OxfordEcosystem.
…
BREAKING! The European Commission just confirmed that it promotes "like for like or better" #biodiversity #offsetting, as part of #NatureBasedSolutions!
Why is it major news? Thread 1/11
europarl.europa.eu/doceo/document…
Why is it major news? Thread 1/11
europarl.europa.eu/doceo/document…
Under this approach, the destruction of a habitat for flamingos in Spain could be considered to be offset by the restoration of a habitat for bats in Greece, as long as you claim that it is "better." 2/11
Beyond its obvious lack of environmental integrity, this approach will also enable the financialisation of biodiversity destruction through the creation of a related #offset market, and shift the conversation away from the need to curb destruction: 3/11
Major companies’ #NetZero climate pledges largely fail test. 🚨 Our Corporate Climate Responsibility Monitor, launched today w/ @CarbonMrktWatch, finds: Companies have an immense potential for #ClimateAction but pledges lack transparency + integrity. 🧵⤵️ bit.ly/NewClimate_CCR…
2/ Background: Companies are increasingly alert to the #climatcrisis, facing calls to take responsibility for their environmental impact. The companies assessed in the report are major multinationals contributing to roughly 5% of global #GHG emissions.
3/ The #CCRM1 shows: Climate pledges of these 25 corporations on average only commit to emissions reductions of 40%, not ❌ 100% as suggested by their #netzero and #carbonneutral pledges. Collectively, they commit to reducing only <20% of their 2.7 GtCO2e emission footprint.
Between June 2021 & January 2022, the price of “nature based” #offsets — such as those from tree-planting schemes 🌳🌳 — increased more than 3-fold from around $4.65 per tonne of #carbon to around $14.40, according to S&P Global Platts ft.com/content/29565f… #CCUS #NetZero
Interest in unregulated #offsets market, has grown with proliferation of #NetZero emission pledges since the #COP26 summit + rising pressure on curbing global warming. Expectations are the voluntary carbon market will grow this yr into a space worth $ Bn's ft.com/content/29565f…
Though #oil companies claim to use only “high-quality” #offsets as part of their #NetZero goals, monitoring millions of acres of forest is hugely challenging. Experience of recognised programs like UN’s REDD initiative = mixed at best carbontracker.org/oil-companies-…
This statement is wrong, misleading, and dangerous. A thread 1/
With offsets, one entity continues to emit while another is paid to do something nice for the climate. #Offsets don't stop emissions. Offsets are the opposite of reducing emissions. 2/
1/5 New @IPBES @IPCC report promotes #NatureBasedSolutions, carbon and biodiversity #offsetting and #InclusiveWealth, the new neoliberal metric putting a price on nature and human life, but framed as a sustainable metric complementing GDP.
#Dasgupta
ipbes.net/sites/default/…
#Dasgupta
ipbes.net/sites/default/…
2/5 "Where #NatureBasedSolutions are used as
carbon #offsets, they are most effective when applied
subject to strict conditions and exclusions"
=> In case anyone had any doubt left that #NatureBasedSolutions included offsetting
carbon #offsets, they are most effective when applied
subject to strict conditions and exclusions"
=> In case anyone had any doubt left that #NatureBasedSolutions included offsetting
3/5 "For #biodiversity, the concept of #offsets, the substitutability among a slate of possible actions, can introduce the flexibility required to achieve multiple competing objectives at regional scale, if applied subject to strict conditions & exclusions"
Our (@DICE_Kent @wildbusiness & team) evaluation of England's biodv compensation policy 'Biodiversity Net Gain' is out in @ConLetters, adding to academic lit evaluating outcomes of biodv compensation systems conbio.onlinelibrary.wiley.com/doi/full/10.11…. Takeaways for academic #offsetting peeps: 🧵
This adds to the relatively few jurisdictional evaluations that use real data, such as Gibbons et al. 2018 for New South Wales onlinelibrary.wiley.com/doi/abs/10.111…, & classic work in Canada by Quigley & Harper link.springer.com/content/pdf/10…
The evidence surrounding compensation systems is getting better; there have been 3 quantative reviews of outcomes in the last few years. 1 by @theis_seb conbio.onlinelibrary.wiley.com/doi/abs/10.111…; 1 by Josefsson et al. sciencedirect.com/science/articl…; 1 by us conbio.onlinelibrary.wiley.com/doi/full/10.11…
"Market based solutions dominate policy proposals but remain consisently marginal to actually addressing the problems" says @FoleyPfalzgraf, as part of her careful and revealing #POLLEN20 pres:
""Fixing" the Forest in Vanuatu" #carbon #offsetting
""Fixing" the Forest in Vanuatu" #carbon #offsetting
Foley places a carbon offsetting scheme in Vanuatu as part of a history marked by colonialism, deforestation and depopulation
Foley notes that since the introduction of customry forest management, deforestation has been reduced to virtually zero. Despite having zero responsibility for global emissions, Vanuatu's leaders have turned to tree growing as a mitigation strategy..
1/11 CBD Post-2020 biodiversity framework: the updated zero draft unfortunately seems to confirm a strong focus on doomed financialization and market-based approaches to biodiversity.
#naturalcapital #offsetting
cbd.int/doc/c/3064/749…
#naturalcapital #offsetting
cbd.int/doc/c/3064/749…
2/11 the draft calls to value biodiversity and ecosystem services and "internalize the value of nature."
It also calls for “net improvements by 2050,” “net” being usually the codeword for offsetting, as is the case with Net Zero emission targets & No Net Loss / Net Gain policies.
It also calls for “net improvements by 2050,” “net” being usually the codeword for offsetting, as is the case with Net Zero emission targets & No Net Loss / Net Gain policies.
3/11 The 20 action-oriented targets for 2030 raise serious concerns and questions:
- Does target 1 calling to restore X% of degraded freshwater and marine ecosystems mean to include water quality trading (a market for tradable credits to pollute rivers and other waterways)?
- Does target 1 calling to restore X% of degraded freshwater and marine ecosystems mean to include water quality trading (a market for tradable credits to pollute rivers and other waterways)?
We can keep flying if we just offset the emissions, right? 💸➡️🌳
No, because so-called carbon offsets pose many problems and in most cases do not compensate emissions - on the contrary. #CarbonOffset #ClimateJustice
Let us explain. Thread. ⬇️
No, because so-called carbon offsets pose many problems and in most cases do not compensate emissions - on the contrary. #CarbonOffset #ClimateJustice
Let us explain. Thread. ⬇️
What are offsets?
#Offsets are projects meant to reduce emissions that occur elsewhere. #Offsetting projects are mostly located in countries of the Global South. Many of them are hydroelectric projects, claiming to prevent production of energy from fossil fuels.
1/2
#Offsets are projects meant to reduce emissions that occur elsewhere. #Offsetting projects are mostly located in countries of the Global South. Many of them are hydroelectric projects, claiming to prevent production of energy from fossil fuels.
1/2
Also forest conservation projects, operators of tree plantations, or organisations that distribute climate-friendly cooking stoves to women in rural parts can sell offset credits.
2/2
2/2
CORSIA Baseline Change: Aviation’s Climate Regulation Is Broken Beyond Repair
Our press release on @icao's decision to change the baseline of the #CORSIA #offsetting programme.
stay-grounded.org/corsia-baselin…
Our press release on @icao's decision to change the baseline of the #CORSIA #offsetting programme.
stay-grounded.org/corsia-baselin…
#CORSIA is a total wreck beyond repair. In fact, it was broken from the very beginning. It covers a tiny fraction of aviation’s projected emissions and completely ignores the huge climate impact of airplane emissions other than CO2.
#CORSIA relies on harmful offsets and biofuels, both neo-colonial measures that shift the problems to communities in the Global South. The scheme is not only a means for greenwashing aviation: holding on to it also blocks effective regulation and leads to further problems.
Starting in 10 minutes: Climate Action Task Force Plenary with @KevinClimate: Laggards or Leaders? Academia and its responsibility in delivering on the Paris commitments. Join here: bit.ly/2R8x7D1 #AAGVirtual #climate
As this public session begins, .@ProfessorJepson introduces @KevinClimate with co-organizers and co-chairs of the Climate Action Task Force @jonevins1 and Patricia Martin of Université de Montréal Join here: bit.ly/2R8x7D1
.@ProfessorJepson discussing the Task Force's depth of commitment to transform AAG annual meeting to be less carbon-intensive. This year threw us a significant challenge with #COVID19 and tapped our collective thinking: "So here we are. The planned experiment has been scaled up.
In Sweden #KlimatKomensation has become a huge part of the response to the #climatecrisis.
Now you can eat Klimat Positiv hamburgers, drink Zero Carbon Milk, and take a Zero Carbon holiday to Thailand!
#Offsetting is alive and well. Does it work? asks @dagensnyheter newspaper
Now you can eat Klimat Positiv hamburgers, drink Zero Carbon Milk, and take a Zero Carbon holiday to Thailand!
#Offsetting is alive and well. Does it work? asks @dagensnyheter newspaper
@dagensnyheter A couple of highlights from the article:
"Max Burgers's sustainability manager Kaj Török points out that Greta Thunberg, with the environmentalist George Monbiot, promises that the world needs to reduce its emissions and conserve and restore forests, which needs funding."
"Max Burgers's sustainability manager Kaj Török points out that Greta Thunberg, with the environmentalist George Monbiot, promises that the world needs to reduce its emissions and conserve and restore forests, which needs funding."
"The only way today to bind carbon dioxide from the atmosphere is tree planting. Without increasing the amount of trees in the world you will not be able to reach the 1.5oC target. I get tired of all the attempts to criticize the trees because they are the best we have right now"
