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Events in 2023 that have no net carbon emissions.

Events in 2023 that have no net carbon emissions.

ImpactDigger by ImpactDigger
January 20, 2023
in Carbon market
Reading Time: 1 min read
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Following COP27, the CME Group has shifted its focus to carbon pricing, with the launch of its new carbon futures contracts. The contracts will allow companies to hedge their exposure to carbon prices and help them manage their emissions-related risks. The CME Group is also working to develop additional products to further facilitate the development of carbon markets and provide more efficient price discovery.

Can stricter regulations help make Fashion Weeks more sustainable? This is a question that The New York Times has explored in recent articles, looking at how the fashion industry can reduce its environmental impact and make Fashion Weeks more sustainable. The articles explore how stricter rules, such as banning the use of certain materials, could help reduce the environmental impact of the industry.

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The DP World Tour has announced that its five Rolex Series tournaments in 2023 will be carbon neutral and take a consistent and highly credible approach to reducing carbon emissions and mitigating climate change. Comprehensive emissions reduction plans are being implemented for each tournament, covering venue operations and all key aspects of organization and resource consumption. The tour will assume responsibility for all baseline and unavoidable forward emissions from the tournaments by contributing to Gold Standard-certified projects that support global efforts to limit global warming and to achieve the Sustainable Development Goals. This will be complemented by investments in the restoration of local ecosystems and other low-carbon natural heritages with regional partners. The projects supported through the Rolex Series are based in Africa, and include Hifadhi cookstoves in Kenya, ADES solar ovens in Madagascar, and the Safe Water Program in Central Mozambique. Initiatives for 2023 will include greater use of electric vehicles on the site, a greater proportion of public transport, greater use of solar energy, more vegan and vegetarian food stalls, better recycling of infrastructure and spectator equipment, and greater water efficiency. Scheduling back-to-back events in the same region also reduces transportation-related emissions for players, organizers and suppliers. The DP World Tour’s commitment to environmental responsibility is a positive step towards reducing carbon emissions and mitigating climate change.

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