Second only to Amazon as the largest U.S. The quick-delivery giant that’s faced plenty of heat on its carbon footprint and has pledged net-zero emissions by 2040. LEAF believes it can become one of the largest ever public/private efforts to end deforestation via carbon offset efforts thanks to the backing of the Jeff Bezos-founded Amazon
Using these voluntary markets, lesser-polluters might sell their carbon allowances to greater-polluters, or companies might pledge to save carbon-trapping forests to offset their own manufacturing pollution, for instance.īut lack of cohesion across multiple efforts has been a stumbling block and has influenced environmental groups to argue such offsets can mislead, or simply greenlight more fossil-fuel burning In the broadest terms, carbon credit, or carbon offset, markets were designed with good intentions of trying to suppress the global total of emissions that are driving up damaging global warming. LEAF, which received a $1 billion initial investment, and is directed by forest nonprofit Emergent, has drawn support to date from three donor governments, Norway, the U.K., and the U.S.’s Biden administration, along with over 20 global corporations from a range of sectors and industries. They’re taking such actions through a forest-focused carbon offset program first launched in 2021 known as LEAF, and, according to a new report out Monday, gaining subscribers all the time.
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