Amazon begins selling carbon credits to suppliers, customers

Amazon has started selling carbon credits to its suppliers and business customers. These credits can help companies reduce their carbon emissions, which are harmful to the environment. The announcement comes as there is ongoing debate about how effective carbon credits are in supporting companies' efforts to cut emissions. The company claims to use high industry standards for the carbon credits it sells. Amazon is also involved in efforts to improve the quality of these credits. This marks Amazon's first step into selling carbon credits, although it has previously invested in projects aimed at protecting forests and promoting carbon removal. Kara Hurst, Amazon's chief sustainability officer, stated that the company plans to leverage its resources to encourage more investments in nature. Some companies like Flickr, Seneca, and Corsair are already participating in Amazon's carbon credit program. On Tuesday, the Science-Based Targets Initiative expressed that while carbon credits can help companies, they should primarily be used for remaining emissions after companies have tried to reduce them. This initiative has previously received support from the Bezos Earth Fund. To buy carbon credits from Amazon, companies must have a net-zero emissions target and need to track and publicly report their greenhouse gas emissions.