The great thing about working with businesses who are serious about doing environmental good (and don’t just see it as a tickbox exercise) is that they truly care about the climate impact their actions are having – we often have requests from Lune customers about how the carbon offset projects they’re supporting are doing, and what impact they carbon credit purchases are having.
To help bring the impact of business carbon offsetting to life, we’re publishing monthly updates from Lune’s library of curated, high-quality carbon offset projects (we won’t have updates for every project every time, but we’ll share what we do).
To support any of the projects mentioned in this blog, go to the Lune dashboard to buy carbon credits (you’ll need to sign-up or log-in to access the projects.)
Direct Air Capture (DAC) 1PointFive recently they announced they would begin engineering and early site construction for their first plant, in Texas – and confirmed that they’re still on track to start operations on the plant in late 2024.
We published a deep dive on afforestation as a carbon offset project type in September, which contains a mini case study of the Ackron Mixed afforestation project in Scotland – how it came about, Treeconomy’s role in monitoring and management, and what makes the project high-quality.
In August Carbon Cure celebrated 2 huge milestones:
Charm Industrial have released a prototype protocol for bio-oil sequestration, authored by scientists and experts at Carbon Direct and EcoEngineers. Their process is an early-stage, innovative technique for carbon removal by converting waste biomass into carbon-rich bio-oil, and this prototype is the first step to getting the process fully verified – creating a robust, scientific standard for how to create effective, quality bio-oil sequestration projects.
Back in August, Charm Industrial also featured on the BBC. They were interviewed about their project as part of a segment on ‘the technology trying to make farming more sustainable’. The segment was recorded, and is available on YouTube.
As of September, Keo Seima Wildlife Sanctuary forestry conservation project in Cambodia has resulted in a total of 16.4 million tCO2 emissions avoided.
The team is constantly monitoring the wildlife within the sanctuary for biodiversity (950 species, including 75 endangered, call it home), and they were excited to capture the first image of Eld’s deer in over 20 years, including three young deer grazing in the forest.
The UNDO team currently have testing ongoing at their trial site in Dumyat, Scotland – both soil PH and electro-conductivity sensors are now in place, which will help them more accurately measure and monitor the impact of their enhanced weathering carbon removal technique, spreading basalt rock on soil at the site.
Running Tide – a project seeding fast-growing kelp for permanent carbon removal – have published a white paper titled ‘Sustainability Amplifying the Natural Carbon Cycle’. It gives an overview of the Earth’s carbon cycle, the ocean’s natural processes for capturing and storing carbon, and how Running Tide’s system is designed to sustainably enhance these processes
In other news, a group of children also found a Running Tide buoy just off the coast of Scotland, which was deployed in the Labrador Sea but lost contact with the team!
As of September, the Southern Cardamom forestry conservation project in Cambodia has resulted in a total of 27.6 million tCO2 emissions avoided.
The team are also constantly monitoring the biodiversity of the area, and have seen an increase in wildlife in the area! They’ve found that this is because the local community of Chi Phat has traditionally been reliant on illegal poaching and logging to survive, but they now have alternative livelihood through the ecotourism programmes the project has developed.
They’ve seen both increased density of wildlife, and increased diversity of species in the area, including the return of he return of endangered species dhole, sun bear, clouded leopard, gibbon, red muntjac, sambar deer, civet, monitor lizard, macaques, and wild pigs.
Curious about our own process for sourcing and evaluating the high-quality carbon projects we include in our library at Lune? Take a look at our guide.
Lune will offer trusted, high-quality carbon projects to Visa’s global network of merchants, banks, and partners – working together with a goal to scale climate action.
We’ve emitted billions of tonnes of carbon emissions and now (alongside drastically reducing those emissions) we need to get it out of the atmosphere. How do we do that? Well, Direct Air Capture is one solution – here’s everything you need to know about it.
Legislation requiring companies to report on sustainability – their environmental impact and the risks and opportunities facing the business – is upcoming across the globe, from the EU Corporate Sustainability Reporting Directive to the US proposed SEC climate disclosure rule.