The 53rd Earth Day was marked by the compensation of carbon footprint and emissions across Gold Standard VCS (Verified Carbon Standard) certified projects by sustainability solutions provider South Pole. The compensations made on Earth Day include 49,000 metric tons of carbon dioxide emissions, equivalent to the power consumption of over 6,500 homes for a year. The projects inducted in the compensations are designed to drive social and environmental co-benefits including support of low carbon economic growth and sustainable development in local communities. South Pole had earlier acquired Melbourne-based emissions reductions provider Climate Friendly. The move was part of South Pole’s strategy to grow its portfolio through acquisition, and support the transition to a low-carbon and climate-resilient future. South Pole provides offerings that include renewable energy procurement, climate strategy, impact assessment and implementation, sustainable supply chain, and green finance advisory. President Biden marked Earth Day by announcing the US pledge to reduce carbon emissions by 50-52 percent by 2030. The country is aiming at achieving net-zero greenhouse gas emissions by 2050. Biden also convened a virtual climate summit with the leaders of 40 other countries, including China and Russia. China, the world’s largest emitter of greenhouse gases, pledged to reach peak emissions before 2030 and to achieve carbon neutrality before 2060. Other countries, including the United Kingdom, Canada and the European Union, also committed to increasing their targets on emissions reduction. During the summit, Biden announced an initiative to provide financial assistance to developing countries to help them achieve their clean energy goals.
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It is important that carbon credit schemes also benefit local communities.
The World Meteorological Organisation has stated that 193 countries have given unanimous backing to a scheme to monitor global greenhouse...
