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Carbon Credits Face Biggest Test Yet, Could Reach $238/Ton in 2050, According to BloombergNEF Report

BloombergNEF

BNEF’s Long-Term Carbon Offsets Outlook 2024 shows that the success of the carbon offset market will be determined by the strength of demand and credibility of credits New York and London, February 6, 2024 – Ongoing scrutiny and reputational issues made 2023 a challenging year for the voluntary carbon market.

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Copper industry trade association pledges to reach net zero by 2050

Envirotec Magazine

Trade group with oversight on “the cornerstone material for a net-zero future ” sets out “ambitious plans” to reach net zero in Scope 1 and 2 emissions by 2050, and significantly cut Scope 3 emissions.

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IEA Confirms Natural Gas, CCUS and Low-Carbon Hydrogen Key to Net Zero by 2050

FuelCellsWorks

The International Energy Agency (IEA) has confirmed natural gas, carbon capture technology and all low-carbon hydrogen pathways will be needed if the world is to reach net zero by 2050.

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The State of the Voluntary Carbon Market

GreenBiz

Limiting global warming to 1.5 ℃ above pre-industrial levels requires significant carbon reductions and 6 to 10 billion tonnes of carbon dioxide removal per year by 2050. The voluntary carbon market (VCM) is a key mechanism to scale those solutions.

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AR/VR Simulations for Sustainable, Regenerative, Circular Cities

Speaker: Nik Gowing, Brenda Laurel, Sheridan Tatsuno, Archie Kasnet, and Bruce Armstrong Taylor

With 191 country signatories to the Paris Climate Agreement now hard at work in the race to zero carbon by 2050, much of the heavy lifting in ecosystem sustainability falls on the shoulders of the world's densely populated urban centers.

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Wisconsin plans to go carbon-free by 2050

Inhabitat - Innovation

If all goes according to plan, Wisconsin residents will be using 100 percent carbon-free energy by 2050.

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Technology not growing fast enough to decarbonize steel and cement industries by 2050

Envirotec Magazine

Previous predictions of the quantities of carbon that would be captured from activities like steel production (pictured) have proven to be over-optimistic. After all, both materials have a significant carbon footprint. One slight problem: The quantities of steel and cement required for such projects.