Two Environmental Birds, One Carbon Stone
CarbonCredits.com Carbon Recap for the week ending July 9, 2022
Chapters:
00:00 - Intro
00:37 - Carbon Food Footprints?
01:08 - Carbon Plastic Polymers
01:39 - Pfizer’s Net Zero Pledge
02:04 - This Week in New Carbon Markets, Part 1: Hong Kong
02:35 - This Week In New Carbon Markets, Part 2: Nasdaq x CIX
03:05 - Suncor’s Ambitious Net Zero Plan
03:16 - Carbon Market Governance
Links Below for full articles 👇
What’s better than a market-driven solution to a life-threatening problem?
How about one market-driven solution to two life-threatening problems. One company thinks they’ve found a way to use captured carbon to create useful carbon polymers - materials that might replace ordinary plastics. It’s the potential intersection of two industries worth hundreds of millions of dollars, with room to grow.
And that’s not the only big news out of the carbon market.
Let’s dive in.
Carbon Food Footprints?
Consumers are increasingly aware that all the food we eat comes with a carbon footprint. That’s the amount of CO2 emissions that were produced as a result of growing, harvesting, shipping, packing, and selling out food. The footprint varies based on how and where everything was produced, making it a challenge for most people to estimate. Adding an official carbon footprint estimate to restaurant menus can help. The idea premiered at the COP 26 conference, and restaurants around the world are starting to follow suit.
Full Article 👇
https://carboncredits.com/food-carbon...
Carbon Plastic Polymers
Carbon Capture and Storage is a major (and growing) sector of the global carbon market.
Carbon Capture and Utilization is the next stage - finding a way to capture carbon emissions and turn them into useful materials. One option is to turn those emissions into carbon polymers. This isn’t anything new - over 250,00 metric tonnes of the stuff are already in use worldwide. But better processes and scaling might boost the market to roughly $285 billion by 2042.
Full Article 👇
https://carboncredits.com/plastics-fr...
Pfizer’s Net Zero Pledge
Pharma companies are well-accustomed to taking plenty of time to make major decisions. Bringing a new drug to market can take a decade or longer. Pfizer’s new net-zero pledge by 2040 serves as a capstone to 20 years of increasing focus on sustainability. The resulting plan is ambitious, also promising to cut down-chain emissions by 90% of the 2019 mark.
Full Article 👇
https://carboncredits.com/pfizer-plan...
This Week in New Carbon Markets, Part 1: Hong Kong
HKEX (Hong Kong Exchanges and Clearing) announced a partnership with HSBC, Standard Chartered, BNP Paribas, ANZ, Industrial and Commercial Bank of China, Bank of China, and The Hongkong and Shanghai Banking Corporation Limited to develop a new carbon marketplace. The Hong Kong International Carbon Market Council doesn’t have a release date, but with so many big names behind it, there’s certainly a significant level of support.
Full Article 👇
https://carboncredits.com/hkex-carbon...
This Week In New Carbon Markets, Part 2: Nasdaq x CIX
Not to be left behind, Nasdaq is partnering with Climate Impact X (CIX) to boost the latter’s carbon credit spot exchange. With access to Nasdaq’s infrastructure, CIX will be able to offer improved trading functions and fewer restrictions to supplier financing. The end goal is to build a world-leading carbon marketplace.
Full Article 👇
https://carboncredits.com/cix-and-nas...
Carbon Catchup
Here are some of the other key stories we've been covering the last week.
Suncor’s Ambitious Net Zero Plan
Increasing production and also reducing overall carbon emissions is a big task, but Suncor has a two-pronged strategy to do just that
Full Article 👇
https://carboncredits.com/suncor-net-...
Carbon Market Governance
The carbon credits market is a dynamic, complex system and so the pressure is high when it comes to its governance. But governing carbon markets can be tricky.
Full Article 👇
https://carboncredits.com/carbon-cred...