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Carbonplace has revealed its new CEO and has secured $45 million in financing.

The BCA is demanding a comprehensive national net-zero road map for the next decade – as per The Australian.

ImpactDigger by ImpactDigger
August 20, 2023
in Carbon market
Reading Time: 2 mins read
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A recent report highlights that a company, unnamed in the content, is unlikely to achieve its 2025 environmental targets without relying on carbon credits. The company is struggling to make progress in adopting renewable energy sources to power its energy-intensive operations.

The report suggests that this unnamed company is falling behind in adopting environmentally friendly practices and reducing its carbon emissions. The lack of progress in embracing green power is seen as a major obstacle in achieving its 2025 environmental targets. To compensate for its inefficient energy consumption and carbon emissions, the company will likely have to rely heavily on carbon credits, which essentially allow them to offset their emissions by financing environmental projects elsewhere.

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The content points out that the company’s energy requirements are significant, and it heavily relies on non-renewable sources. This not only contributes to its overall carbon footprint but also demonstrates the urgent need for the company to transition to renewable energy sources. Green power, such as solar or wind energy, would not only help the company align with its 2025 targets but also promote sustainability and reduce its impact on the environment.

The report highlights the growing importance for businesses, including this unnamed company, to prioritize their environmental commitments and invest in sustainable practices. As governments and organizations increasingly emphasize the need to combat climate change, businesses are under pressure to reduce their carbon emissions and embrace renewable energy sources.

Meeting environmental goals without relying on carbon credits would require the company to seek alternative solutions. This could involve investing in renewable energy infrastructure, partnering with renewable energy providers, or implementing energy-efficient measures within its operations. Such measures would not only benefit the environment but also enable the company to adopt a more sustainable and responsible approach to its operations.

In conclusion, the content suggests that an undisclosed company is unlikely to achieve its 2025 environmental targets without relying on carbon credits due to its inadequate progress in adopting renewable energy sources. However, the report emphasizes the urgency for businesses to prioritize sustainable practices and transition towards renewable energy to reduce their carbon footprint and contribute towards a greener future.

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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.

Current events from August 20th and 21st, 2023.

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