Offsetting and Innovation

Offsetting and Innovation

The resources below have been collated to provide non-executive directors with a knowledge hub.  This brings together relevant climate change materials from regulators, standard setters and other content creators.
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Newly added resources

TechUK Deloitte

Making the UK a digital clean tech leaderLaunched by techUK and Deloitte, argues that further, and deeper, carbon emission reductions enabled by digital technologies are in reach but there is a need to work with government to unlock the full potential of such tech in helping UK businesses.7 Sept 2020

Bloomberg GreenJess Shankleman & Will Mathis

Carbon Offsets Risk Libor Moment Without Tougher RulesThe growing market for carbon offsets could be open to interest rate-style manipulation without greater transparency and standards, according to Bill Winters, Standard Chartered Plc’s chief executive officer.2 Sept 2020

Reuters

Private sector taskforce to help scale-up voluntary carbon marketsMark Carney launches private sector taskforce to scale up voluntary carbon credits markets, which he says are vital to meet emissions targets2 Sept 2020

Carbon Brief

Wind and solar are 30-50% cheaper than thought, admits UK governmentNew estimates of “levelised cost” of electricity, published by BEIS, show renewables are much cheaper than expected in the previous iteration of the report, published in 2016.27 Aug 2020

Renews.biz

Green hydrogen costs ‘set to fall 64% by 2040’Cost of producing hydrogen using electricity supplied by renewable sources is forecast to fall up to 64% by 2040, according to new research from Wood Mackenzie.25 Aug 2020

Nature
S. V. Hanssen et al

The climate change mitigation potential of bioenergy with carbon capture and storageNegative emissions greatly depend on biomass cultivation location, treatment of original vegetation, the final energy carrier produced and the evaluation period considered. BECCS sequestration projected in IPCC SR1.5 °C pathways can be approached biophysically.24 Aug 2020

Nature
Jay Fuhrman et al

Food–energy–water implications of negative emissions technologies in a +1.5 °C futureDAC in particular could exacerbate demand for energy and water, yet it would avoid the most severe market-mediated effects of land-use competition from bioenergy with carbon capture and storage and afforestation.24 Aug 2020

Goldman Sachs
Equity Research

Carbonomics: the green engine of economic recoveryClean tech has a major role to play in the upcoming economic recovery. Using a ‘Carbonomics cost curve’ it is estimated that clean tech can drive US$1-2 tn pa of green infrastructure investments and create 15-20 mn jobs worldwide.16 June 2020
Previous reports, analysis and articles
Organisation/ Publication/ AuthorLinkInformationDate
Financial Times
Judith Evans
P&G urged to match best in class to avoid ‘greenwash’ label.Consumer goods giant’s investments in nature-based projects criticised for neglecting supply chain emissions29/07/2020
Financial Times
Leslie Hook
Business turns to nature to fight climate change.A rush by big emitters of greenhouse gases to plant trees can only be part of the battle against global warming.28/07/2020
Financial TimesFinancial Times Rethinking Energy Special ReportMany investors are looking for opportunities in the clean energy space: stocks that will enable them to benefit from the energy transition — and possibly even with a clean conscience.15/07/2020
DeSmog UKThe Problem with Big Oil’s ‘Forest Fever’Over the past year, BP, Total, Eni, Equinor and ConocoPhillips have invested millions of dollars in forest projects to offset their greenhouse gas emissions. However, the trees that Big Oil plans to plant simply can’t live up to the hype.06/07/2020
The EconomistWhat if carbon removal becomes the new Big Oil?Fictional, scenario pathways grounded in historical fact and real science where ‘carbon-removal firms’ take centre stage.04/07/2020
Grantham Institute
Discussion Paper
What role can forests play in tackling climate change?Consolidates knowledge on potential multi benefits of using trees to reduce CO2 in atmosphere and highlights areas for further research as well as defines the limits of trees’ ability to halt the progress of climate change.03/07/2020
McKinsey QuarterlyDriving CO2 emissions to zero (and beyond) with carbon capture, use, and storageAny pathway to mitigate climate change requires the rapid reduction of CO2 emissions and negative-emissions technologies to cut atmospheric concentrations. Technology and regulation will be the key.30/06/2020
edieAmazon to invest $2bn in low-carbon innovationsAmazon will invest at least $2bn (£1.6bn) in smaller firms creating technologies or services aimed at reducing carbon emissions to net-zero.23/06/2020
BBCPlanting new forests ‘can do more harm than good’Rather than benefiting the environment, large-scale tree planting may do the opposite, two new studies have found.22/06/2020
PA ConsultingHow can organisations achieve breakthrough innovation?Presents 3 steps companies can take to achieve the breakthrough innovation required to deliver Sustainable Development Goals.01/06/2020
Inside Climate News
Bob Berwyn
Can Planting a Trillion Trees Stop Climate Change?Compared with cutting fossil fuels, tree planting would play only a small role in combating the climate crisis.27/05/2020
edieCarbon offsettingProduced in association with Woodland Trust this guide outlines how offsets can be utilised as part of a carbon business strategy that focuses on reductions first and foremost.26/05/2020
University of OxfordCriteria for net zero initiatvePresentations given at University of Oxford from CDP, Environmental Defense Fund, Stockholm Environment Institute exploring effective offsetting.20/05/2020
BBC News
Roger Harrabin BBC environment analyst
Climate change: UK forests 'could do more harm than good'Badly-planned trees would increase greenhouse gas emissions, say the government’s advisers on the economic value of the natural environment.07/04/2020
Green Alliance policy insightThe flight path to net zero Making the most of nature based carbon offsetting by airlinesIn this policy insight we recommend that the government establishes a national ‘office for carbon removal’ to regulate the market and give confidence that carbon removal actually works, while demonstrating good practice to the rest of the world. We also highlight the potential value of this funding for nature restoration in the UK, and propose a new Farm and Soil Carbon Code through which farmers and land managers can verify ‘carbon farming’ measures and gain new income from selling high quality carbon credits.02/04/2020
Energy Systems CatapultInnovating to net zeroThis Energy System Modelling Environment report has found that meeting the UK’s Net Zero target will require unprecedented innovation across the economy. This analysis will help identify those opportunities, and what may be needed to unlock them on the way to a long term zero carbon economy.10/03/2020
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