Amazon to sell carbon credits to suppliers, customers

Virginia Furness

Thu, Mar 20, 2025, 6:24 AM 2 min read

By Virginia Furness

LONDON (Reuters) - Amazon has begun selling c credits to its suppliers, concern customers and different companies, the U.S. retail elephantine said, which tin beryllium utilized to offset their climate-damaging c emissions.

The motorboat comes amid a large statement betwixt companies, task developers and scientists astir the grade to which c credits should beryllium utilized to assistance companies trim their emissions, arsenic good arsenic however to guarantee the credits' quality.

The retailer said it utilized industry-leading standards wherever imaginable for its credits, and supported the improvement of rigorous standards wherever existing checks were inadequate.

The determination marks Amazon's archetypal foray into selling credits, though it has been progressive successful manufacture efforts to acceptable prime standards and straight invests successful projects including those to support forests, reconstruct degraded onshore and beforehand c removal.

Its main sustainability officer, Kara Hurst, said the steadfast volition usage its "size and precocious vetting standards to assistance beforehand further investments successful nature".

Several companies including Flickr, existent property advisory radical Seneca and user electronics institution Corsair are already participating successful the scheme, it said successful a connection precocious connected Wednesday.

On Tuesday, an influential inaugural helping companies acceptable decarbonisation targets, the Science-Based Targets initiative, said c credits could beryllium utilized by companies but should beryllium constricted to residual emissions - the tiny portion near aft the institution has made champion efforts to chopped them.

However, it stopped abbreviated of endorsing their much wide usage successful gathering decarbonisation targets.

The Bezos Earth Fund, acceptable up by Amazon laminitis Jeff Bezos, was a large protagonist of SBTi until November 2023, erstwhile its $18 cardinal assistance to the radical was not renewed.

Amazon said its credits volition beryllium disposable to companies that conscionable conditions including having a net-zero people covering their ain emissions arsenic good arsenic those crossed their proviso chain, and that measurement and publically study their greenhouse state emissions.

(Reporting by Virginia Furness)