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Deutsche Post DHL Group and the Smart Freight Centre call for carbon insetting to accelerate decarbonization of global freight transportation
To ensure that the logistics industry can continue to contribute successfully to the fight against climate change, we need a uniform and sector-specific standard for compensating for, and reducing, carbon emissions," says Tim Scharwath, Member of the Board of Management of Deutsche Post DHL Group, CEO DHL Global Forwarding, Freight. "In the long-term, greater decarbonization of transport is key to driving positive change. Future-proofed logistics companies should think now about developing a stringent insetting strategy."
"There is an opportunity to channel carbon offset funds related to transportation emissions to projects within the logistics sector - a practice known as carbon insetting," says Suzanne Greene, Smart Freight Centre's Expert Advisor and author of the white paper. "This paper lays the foundation for a system to accelerate freight decarbonization." The concept of carbon insetting for the freight sector was developed through her work with the Massachusetts Institute of Technology's Sustainable Supply Chains initiative.