As part of the “Fit for 55” package, the Carbon Border Adjustment Mechanism (CBAM) will be introduced under EU Regulation (EU) 2023/956 on 1st October 2023. The system is intended to prevent the outsourcing of CO2 emissions to non-EU countries, also known as carbon leakage, and to create incentives to introduce further CO2 pricing. The…
Als Teil des „Fit für 55“-Pakets, wird am 1. Oktober 2023 gemäß der EU-Verordnung (EU) 2023/956 das CO₂-Grenzausgleichssystem CBAM – Carbon Border Adjustment Mechanism – eingeführt. Das System soll die Auslagerung von CO2-Emissionen in Nicht-EU Länder, auch als Carbon Leakage bekannt, verhindern und Anreize schaffen weitere CO2-Bepreisung einzuführen. Ein zentrales Instrument zur Erreichung des europäisches…
Great Opportunities and Great Responsibilities An extract of the „Guidance On Avoided Emissions“ by the World Business Council of Sustanable Development (WBCSD) Societies must drastically cut emissions and protect and develop carbon sinks to limit the rise of the global temperature to no more than 1.5°C above pre-industrial levels and to achieve a state of…
CDP questionnaires and publication of results CDP (formerly “Carbon Disclosure Project”) is an independent organization that conducts annual assessments of companies’ environmental impact worldwide. For this purpose, CDP collects and evaluates data from participating companies. The information is obtained from three detailed sector-specific questionnaires (Climate Change, Water and Forest) that companies are requested to complete.…
Der Wandel unserer gesamten Wirtschaft von einer linearen zur Kreislaufwirtschaft ist essentiell, um unsere gesetzten Klimaziele zu erreichen. Außerdem müssen wir unsere Nutzung erschöpfbarer Ressourcen stoppen, um uns, wie durch die 17 Zielen der UN für nachhaltige Entwicklung (SDGs) vorgesehen, zukunftsorientiert zu entwickeln. Fest definierte, technische Normen & Standards zur Zirkularität sind für diese nachhaltige…
Why do we need carbon removals? According to current science, such as the IEA (International Energy Agency) and the latest report by the IPCC (Intergovernmental Panel on Climate Change), carbon removals are critical to addressing climate change. Reductions in emissions are essential, but not sufficient to stay below the 1.5 degree. Therefore, it becomes clear…
Originally scheduled for 2021, the United Nations Climate Change Conference, also known as COP27, was rescheduled due to the COVID19 pandemic and now held in Sharm El Sheikh, Egypt, starting on 06. Nov. 2022. After a 40 hour delay the negotiating countries finally came to an agreement in the early morning of Sunday 21. Nov.…
End of March the US Securities and Exchange Commission (SEC) released its proposed rules to enhance and standardize climate-related disclosures for publicly traded companies. The proposed regulations go hand in hand with the increasing importance of climate-related issues on the capital markets thus rising transparency requirements. In this blog post, we will give you a…
Auf der COP26, der Klimakonferenz der Vereinten Nationen im Jahr 2021, wurde eine Vereinbarung über einen neuen Marktmechanismus für den Transfer von Treibhausgas (THG)-Reduktionen mit CO2-Zertifikaten aus Klimaschutzprojekten veröffentlicht. Ziel ist es, den internationalen Handel mit Reduktionsgutschriften aus diesen Projekten zu ermöglichen. Der Handel mit Zertifikaten gestattet dem Verursachenden von Emissionen, welche nicht reduziert werden…
Rapidly rising electricity prices and shortages on the market are leading companies to increasingly secure access to their own green electricity. With the increased demand for renewable energies, interest in so-called Power Purchase Agreement (PPA) contracts is also growing. What is a Power Purchase Agreement ? Power Purchase Agreements (PPAs) are long-term electricity contracts between…
