Does offsetting actually work? If so, how can we see the tangible, real-world impact of the carbon credits we buy from a project?
It’s a request we often get from our Lune customers.
So, 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) – and this is the update for April 2023.
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.)
This month we added a new carbon project to the Lune library: Katingan Peatlands.
Peat soils are a vital carbon sink, storing at least twice as much carbon as trees, but they face degradation across the world as they are cleared, drained, and burned for use in industrial activities.
This project protects 149,800 hectares of tropical peat swamp forest in Indonesia from being deforested, drained, and converted into timber plantations.
The Katingan peatlands are also home to many vulnerable and endangered species, including one of the last remaining populations of Bornean orangutans.
Everland, the project developer for Keo Seima, continues their ‘community voice’ series – sharing the stories and voices of local people living and working in the project area, including community member Ly Sareoun who speaks about the traditional, spiritual role of the forest for the indingenous Bunong people.
Everland also announced this month that they are partnering with Space Intelligence as their data partner.
Everland will use Space Intelligence’s leading data and technology to continue improving forest monitoring and measurement practices across Everland’s projects – including both Keo Seima and Southern Cardamom from the Lune library.
This month Running Tide released the research roadmap for their project, as they continue to develop and refine their methodology for ocean carbon removal.
Key areas of research for Running Tide include:
Running Tide also announced a partnership with Microsoft, who have made a commitment to buy 12,000 tons of carbon dioxide over the next two years – providing Running Tide with vital funding needed to continue their work.
UNDO have shared an article looking at 4 incredible benefits of enhanced weathering.
In brief, those benefits are:
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.