FN Media Group Presents USA News Group News Commentary

VANCOUVER, BC, Oct. 12, 2023 /PRNewswire/ — USA News Group  –  Ahead of the UN Conference of Parties conference, or COP27, to be held in November, Voluntary Carbon Market (VCM) players are seeking concrete guidelines and more clarity, ahead of surging demand from big companies with Net Zero commitments. In 2021 the Global Carbon Markets surged to a record $851 billion, and is slated to grow at a CAGR of +30% to reach $2.4 trillion through 2027. With a major ESG push from the mega-hedge fund BlackRock, Inc. (NYSE: BLK), many of the largest companies by market cap are already buying carbon offsets, such as Apple Inc. (NASDAQ: AAPL), Microsoft Inc. (NASDAQ: MSFT), and Alphabet Inc. (NASDAQ: GOOG). However, because not all carbon offsets are created equal, innovators such as Scope Carbon Corp. (CSE: SCPE) are needed to assist VCM players with compliance and maximizing efficiency.

Scope Carbon Corp. (CSE: SCPE) helps landowners large and small to maximize their carbon credit contributions, through an insightful, accurate and precise analytical toolkit that provides data collection without human intervention. Based out of Toronto, Canada—a city which itself is slated to be Net Zero by 2050—Scope Carbon provides a platform of state-of-the-art technology that includes long-range drones, servers, and AI data analysis.

Built as a carbon market Pick-and-Shovel Play,  Scope Carbon aids carbon credits producers in maximizing their carbon sequestration capabilities, and minimizing any inefficiencies along the way.

Many of their clients today include ranchers, farmers, and landowners located primarily in the Canadian province of Alberta. Scope Carbon helps by providing accurate identification of the characteristics of forests, trees, underbrush, ground and related surfaces, which forms a material part of the overall carbon credit certification process.

Recently, the company entered into a product development agreement with Marsman Limited, which has a development team led by Martin Ma, a former early key employee of the Alibaba Group.

“Scope is at the forefront of a rapidly expanding industry and our goal is for Scope’s Technology to become an essential tool for project developers of carbon credits and corporations looking towards establishing a net zero footprint,” said James Liang, CEO of Scope. “We believe the Company’s partnership with Marsman will only enrich the development of the Technology and we looking forward to working and learning alongside our partner Martin Ma and his Alibaba team.”

By providing accurate data, Scope Carbon can assist VCM developers, and help reduce verification delays—which have been estimated to cost the VCM $2.6 billion in losses by 2030 if not dealt with.

Behind the scenes, the world’s largest asset manager, BlackRock, Inc. (NYSE: BLK) has created a new unit called Transition Capital, with the goal to boost investments to shift to a low-carbon economy.

Managing around $8 trillion in assets, BlackRock’s actions come with a gravitational pull that makes waves in the markets. According to the company’s accompanying memo, BlackRock’s overseers of sustainable investing said the following: “We believe many hundreds of billions, even trillions of dollars per year, will be invested through the transition and we have spent the past several years becoming a global leader in transition investing to ensure our clients have the tools they need to navigate it.”

According to the memo, the new unit’s goal is to be the global leader in transitioning portfolios, businesses, and countries to a low carbon economy.

The largest company in the USA by market cap, Apple Inc. (NASDAQ: AAPL) has actively answered the call for climate action, pledging to be 100% carbon neutral for its supply chain and products by 2030.

Ahead of last year’s UN Conference of Parties (COP26), Apple added 9 gigawatts of clean power and doubled its supplier commitments. Earlier this year, the electronics giant invested another $4.7 billion in Green Bonds to support innovative green technology, including plans to use the world’s first commercial-purity low-carbon aluminum from ELYSIS in the iPhone SE.

Most recently, Apple called on its global supply chain to join in decarbonizing by 2030. While the company is working towards reducing its carbon footprint, it still admits to relying on carbon offsets to hit its 100% carbon neutral claim.

Computer competitors Microsoft Inc. (NASDAQ: MSFT) have also been active buying carbon-related credits, through a carbon removal credits deal with Heirloom in August, and signing a carbon credits deal with Ontario Power Generation (OPG) in September, to procure Clean Energy Credits sourced from OPG’s carbon-free hydro and nuclear assets on an hourly basis.

“Agreements like this one with OPG will help Microsoft move closer to achieving our sustainability commitments, including our goal of having 100% of our electricity consumption, 100% of the time, matched by zero-carbon energy purchases by 2030,” said Chris Barry, President, Microsoft Canada. “Working closely with like-minded organizations like OPG, will help us move toward a more sustainable future, while continuing to power innovation in Ontario.”

Also much like Scope Carbon’s platform, Microsoft has worked to create its own Microsoft Cloud for Sustainability to help companies speed up their sustainability efforts.

Google’s parent company Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) has also been aggressive in its sustainability plans. Because the company’s operations produced the equivalent of more than 6.7 million tons of CO2 last year, Google had to offset with renewable-power purchase agreements and carbon credits.

In April, Alphabet joined fellow tech giants, Stripe, Meta, and McKinsey Sustainability to launch a $925-million, 9-year advance financing commitment called Frontier that will accelerate the development of carbon removal by 2030.

The company boasts it has been carbon neutral since 2007, because of offsets. In 2017, Google became the first major company to match all of its yearly electricity use with renewable energy.

However, Fidelity Investments, a Boston-based financial services company has claimed that Google didn’t account for an estimated 29,505 mtCO2e in 2020 from its 49,000 employees that worked remotely that year.

Google responded that it estimated 56,000 mtCO2e in 2020 from remote work by its 135,000 employees that year, and that its goal to operate on 24/7 carbon-free energy by 2030 doesn’t apply to remote work. That said, Alphabet purchased carbon credits to offset home-office emissions.

Article Source: https://usanewsgroup.com/2022/10/03/in-the-next-5-years-the-carbon-credits-market-is-projected-to-be-worth-trillions/

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Scope Carbon Corp. advertising and digital media from the company directly. There may be 3rd parties who may have shares of Scope Carbon Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Scope Carbon Corp. which were purchased in the open market, and reserve the right to buy and sell, and will buy and sell shares Scope Carbon Corp. at any time without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, we currently own shares of Scope Carbon Corp. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

USA News Group is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein.  The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release.

This release contains “forward-loking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Media Contact Information:
FN Media Group, LLC
Media Contact e-mail:  
[email protected] 
U.S. Phone: +1(954)345-0611

View original content:https://www.prnewswire.co.uk/news-releases/clarity-in-the-voluntary-carbon-market-needed-ahead-of-surge-in-net-zero-driven-credit-buyers-301954216.html