Weekly Roundup July 14

Invert is focused on providing clients and subscribers up-to-date news on net-zero developments, carbon markets, and how many sectors are evolving to meet climate change goals and ESG requirements.

Special Announcement

We’re excited to announce that Invert has signed a purchase agreement with a South American biological charcoal (biochar) supplier. Through this agreement, Invert has received CO2 Removal Certificates (CORCS), verified by Puro.earth, providing the Company with an immediate supply of high-quality verified carbon removal credits available to both corporate and individual customers. Biochar, a charcoal-like material produced from plants and other biological materials, is very effective at sequestering carbon and can store carbon in soils for hundreds of years. Read more about this exciting announcement here.

How Microsoft Is Leading The Response To The Climate Crisis

Since 2012, Microsoft has been a carbon neutral company and in 2020, it made the bold commitment to become carbon negative by 2030 for all three Scopes. To achieve this, the company plans to cut operational and supply chain emissions in half by 2030, and remove more carbon than they emit each year by investing in carbon removal technologies such as CarbonCure, which injects captured carbon dioxide into concrete, Climeworks, which captures and mixes carbon dioxide with water and injects it underground where it mineralizes with the host rock, as well as a number of biochar producers.

Invert Insights: Carbon removal technologies go a step beyond avoidance and reduction projects by physically removing carbon from the atmosphere and in the case of CarbonCure, provide a permanent CO2 storage solution. Investment in these critical technologies is not only a necessity to ensure climate targets are met, but also offer an approved science-based approach to neutralizing a company’s residual emissions.

Canada Releases California-Style Fuel Rules to Cut Emissions

The Canadian Federal Government released their long-awaited Clean Fuel Regulations, which aim to slash motor fuel emissions by 26.6 million metric tons by 2030. Producers of low-carbon-intensity fuels, such as ethanol and renewable diesel, will be issued credits that can then be sold to refiners and importers of gasoline and diesel derived from fossil fuels as a means to reduce the carbon intensity of their fuels. Each year, starting in 2023, the emissions intensity of motor fuels will be reduced, requiring increased production of low-carbon alternatives, similar to the measures enacted by California decades ago and later adopted by Oregon and British Columbia. 

Invert Insights: The Clean Fuel Standard provides an effective mechanism to promote the increased production of low-carbon-intensity fuels. These fuel alternatives, when considered on a life-cycle basis in comparison to fossil fuels, can provide significant carbon reductions and are particularly effective when produced from waste feedstocks. 

US Supreme Court Curbs EPA’s Power to Regulate Greenhouse Gas Emissions

The US Supreme Court ruled that the Environmental Protection Agency (EPA) does not have the authority to regulate limits to greenhouse gas emissions from power plants, as it was not specifically authorized by Congress to do so when the agency was set up in 1970. The decision marks a major blow to the Biden administration in its fight against climate change, which will now be dependent on passing legislation to introduce regulations to reduce emissions.

Invert Insights: This Supreme Court's decision has significantly impacted the ability of the EPA to regulate carbon emissions under the Clean Air Act. Any further action from the EPA will likely now rest on statutes drafted before the impacts of climate change were well understood.

more articles