{"id":73473,"date":"2023-09-13T00:00:00","date_gmt":"2023-09-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/09\/13\/amazon-makes-blockbuster-carbon-credit-purchase-india-eyes-higher-diesel-tax\/"},"modified":"2023-09-13T00:00:00","modified_gmt":"2023-09-13T00:00:00","slug":"amazon-makes-blockbuster-carbon-credit-purchase-india-eyes-higher-diesel-tax","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/09\/13\/amazon-makes-blockbuster-carbon-credit-purchase-india-eyes-higher-diesel-tax\/","title":{"rendered":"Amazon makes blockbuster carbon credit purchase + India eyes higher diesel tax"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong> Amazon purchases 10-year carbon removal credits from 1PointFive: <\/strong>Amazon has committed to buying 250k tons worth of carbon dioxide removal (CDR) credits over a decade from the <a target=\"_blank\" href=\"https:\/\/www.1pointfive.com\/?gad=1&gclid=Cj0KCQjwmICoBhDxARIsABXkXlI48AaalXU2xzGb7CWmYWmeZDJp_Ql72rvYnFEpoWGsj-9X4WQiYe0aAtEmEALw_wcB\" style=\"\" rel=\"noopener\">1PointFive<\/a> direct air capture technology (DAC) plant in Texas, according to a <a target=\"_blank\" href=\"https:\/\/www.aboutamazon.com\/news\/sustainability\/amazon-direct-air-capture-investment-fights-climate-change\" style=\"\" rel=\"noopener\">statement<\/a>. Amazon says the move will help accelerate the development of DAC solutions and is part of its commitment to reach net-zero by 2040. While the financial details of the agreement remain undisclosed, DAC technology developers say the credits range from mid to high triple-digit USD per metric ton, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/amazon-makes-first-investment-direct-air-capture-climate-technology-2023-09-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> ALSO WORTH KNOWING- <\/strong><\/p>\n<ul>\n<li><strong> India\u2019s transport minister <\/strong> will <strong> propose an additional 10% tax on <\/strong><strong> diesel-powered <\/strong><strong> vehicles <\/strong> and <strong> warns of even higher levies <\/strong> to come, in a bid to tackle inflation. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/india-consider-additional-10-tax-diesel-engine-vehicles-2023-09-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Amazon purchases 10-year carbon removal credits from 1PointFive: Amazon has committed to buying 250k tons worth of carbon dioxide removal (CDR) credits over a decade from the 1PointFive direct air capture technology (DAC) plant in Texas, according to a statement. Amazon says the move will help accelerate the development of DAC solutions and is part [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":73474,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[149],"tags":[148,101,184,162,79,17],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-73473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-automotive","tag-decarbonization","tag-e-commerce","tag-energy","tag-enterprise-logistics","wpautop","entry"],"acf":{"mongo_id":"05b252e5-636e-4cda-bc2b-4fd928e82cc7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/9\/868.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Amazon makes blockbuster carbon credit purchase + India eyes higher diesel tax","related_issue":[73459],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/9\/.a164b475-d58b-44d5-a429-16f63b432b63.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Amazon makes blockbuster carbon credit purchase + India eyes higher diesel tax - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2023\/09\/13\/amazon-makes-blockbuster-carbon-credit-purchase-india-eyes-higher-diesel-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon makes blockbuster carbon credit purchase + India eyes higher diesel tax\" \/>\n<meta property=\"og:description\" content=\"Amazon purchases 10-year carbon removal credits from 1PointFive: Amazon has committed to buying 250k tons worth of carbon dioxide removal (CDR) credits over a decade from the 1PointFive direct air capture technology (DAC) plant in Texas, according to a statement. Amazon says the move will help accelerate the development of DAC solutions and is part [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2023\/09\/13\/amazon-makes-blockbuster-carbon-credit-purchase-india-eyes-higher-diesel-tax\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-13T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/868.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/09\/13\/amazon-makes-blockbuster-carbon-credit-purchase-india-eyes-higher-diesel-tax\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/09\/13\/amazon-makes-blockbuster-carbon-credit-purchase-india-eyes-higher-diesel-tax\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Amazon makes blockbuster carbon credit purchase + India eyes higher diesel tax\",\"datePublished\":\"2023-09-13T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/09\/13\/amazon-makes-blockbuster-carbon-credit-purchase-india-eyes-higher-diesel-tax\/\"},\"wordCount\":130,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/09\/13\/amazon-makes-blockbuster-carbon-credit-purchase-india-eyes-higher-diesel-tax\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/868.jpg?fit=%2C&ssl=1\",\"keywords\":[\"AROUND THE WORLD\",\"Automotive\",\"decarbonization\",\"e-commerce\",\"energy\",\"Enterprise Logistics\"],\"articleSection\":[\"Around the World\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/09\/13\/amazon-makes-blockbuster-carbon-credit-purchase-india-eyes-higher-diesel-tax\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2023\/09\/13\/amazon-makes-blockbuster-carbon-credit-purchase-india-eyes-higher-diesel-tax\/\",\"name\":\"Amazon makes blockbuster carbon credit purchase + India eyes higher diesel tax - 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