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illuminem summarizes for you the essential news of the day. Read the full piece on Carbon Credits or enjoy below:
🗞️ Driving the news: The 2024 Paris Olympics aims to cut its carbon footprint by 50%, utilizing renewable energy and carbon offsets to achieve this goal
• The organizers have implemented wide-ranging measures including infrastructure updates, green energy sources, and sustainable practices
🔭 The context: Past events like the Tokyo Olympics produced 4.38 million metric tons of CO2 equivalents
• In contrast, Paris 2024 plans to limit emissions to 1.58 million metric tons, largely by using renewable energy and carbon credits from global and local projects
🌍 Why it matters for the planet: This initiative not only aims to halve the event's carbon footprint but also sets a precedent for future sustainable mega-events, aligning with the Paris Agreement on Climate Change
⏭️ What's next: Paris 2024 will implement a comprehensive carbon budget, tracking and managing emissions across all operations
• The event also aims to be "climate-positive," offsetting more than its residual emissions
💬 One quote: "Paris 2024 is pioneering a new model for Olympic Games delivery, fully aligned with Olympic Agenda 2020," said IOC President Thomas Bach
📈 One stat: The Paris Olympics has already secured 1,472,550 metric tons of CO2 credits from 13 global projects
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