Advanced Micro Devices (AMD) surpassed Q2 sales forecasts, reporting a significant revenue boost. While its data center revenue surged, AMD is also striving for ambitious climate goals and carbon footprint reductions. As the company grows, can its sustainability efforts keep up with its technological advancements and market success?
AMD Beats Q2 Sales Estimates, Data Center Revenue Soars
AMD exceeded analysts’ sales expectations for Q2, with revenue hitting $5.8 billion, a 9% increase from the previous year. Despite net income falling short at $265 million or 16 cents per share, adjusted earnings of 69 cents per share surpassed forecasts.
Data center revenue more than doubled to $2.8 billion, driven by surging demand for AI chips. CEO Lisa Su highlighted growth opportunities from advances in generative AI. AMD projects $6.7 billion in Q3 sales and expects strong revenue growth.
The chipmaker’s shares surged over 7% to $138.44 in after-hours trading following the earnings report.
AMD’s Climate Commitment and Strategies for Net Zero
Advanced Micro Devices has set a robust target to achieve net zero by 2050. This ambitious commitment reflects AMD’s dedication to reducing its carbon footprint and addressing climate change through a multifaceted approach that includes improving energy efficiency, sourcing renewable energy, and investing in supply chain emission management.
Reducing Carbon Emissions
In 2021, AMD established a new science-based target aligned with a 1.5°C scenario: a 50% absolute reduction in greenhouse gas (GHG) emissions from its operations (Scope 1 and 2) by 2030, using 2020 as the base year. This target builds on AMD’s previous successes in reducing its emissions and underscores the company’s commitment to further emissions reductions.
Following the acquisition of Xilinx and Pensando in 2022, AMD recalculated its baseline energy use and GHG emissions to include the combined company’s footprint. The revised 2020 baseline for energy use increased from 123 GWh to 199 GWh, and operating emissions rose from 30,009 to 61,754 metric tons of CO2 equivalent.
Despite this adjustment, AMD achieved a 19% reduction in operating emissions compared to the revised baseline in 2022.

Energy Efficiency and Renewable Energy
Energy efficiency is a cornerstone of AMD’s strategy to slash its carbon footprint. The company has made significant strides in improving the efficiency of its products and operations.
Moreover, AMD has increased its sourcing of renewable energy, with 66 GWh sourced in 2022, accounting for about 32% of its total global energy use, compared to 18% in the revised 2020 baseline. This renewable energy is enough to power approximately 9,275 homes in the U.S. for a year.
At its San Jose campus, AMD has implemented on-site solar generation, including a 1.4 MW solar system with 3,600 panels and a 600 kW rooftop solar installation. This setup includes a 1 MWh battery storage system that stores excess energy for later use and can send surplus energy back to the local power grid.
Environmental Impact and Achievements
Progress Towards Goals
AMD’s environmental goals include a 50% reduction in absolute GHG emissions from operations by 2030 and a 30-fold increase in energy efficiency for processors and accelerators used in AI training and high-performance computing by 2025.
As of mid-2023, AMD is on track for a 13.5-fold improvement in energy efficiency for accelerated compute nodes from the 2020 baseline.
Additionally, AMD aims to have 100% of its direct manufacturing suppliers set public emissions reduction goals by 2025. As of 2022, 70% of these suppliers had such goals. AMD also targets having 80% of its direct manufacturing suppliers source renewable energy by 2025, with 68% already meeting this criterion in 2022.

Operational Efficiency
AMD operates over 90 locations worldwide, including engineering facilities, sales sites, and corporate offices. The company is committed to applying rigorous environmental standards across its operations. AMD’s Global Environmental, Health, and Safety (EHS) Standards align with ISO 14001, a widely recognized standard for environmental management. Notably, AMD’s San Jose and Singapore sites are ISO 14001 certified.
In 2022, AMD implemented approximately 20 energy conservation projects, including equipment upgrades that saved about 1.4 million kWh of electricity. These efforts reflect AMD’s commitment to reducing energy use and GHG emissions across its operations.
Addressing Supply Chain Carbon Emissions
AMD’s supply chain, particularly silicon wafer manufacturing, is a significant source of its GHG emissions. In 2022, direct foundry suppliers reduced their Scope 1 and 2 emissions by about 9% compared to 2020, though absolute emissions increased due to the higher energy demands of more advanced technology nodes.
AMD aims to double the renewable energy use of its primary foundry manufacturing suppliers from 2020 to 2025. The company is also focused on forecasting and mitigating GHG emissions in its supply chain, particularly in Taiwan, where most AMD wafers are manufactured. AMD is actively participating in the SEMI Climate Consortium to promote renewable energy infrastructure in the region.
AMD’s commitment to net zero is backed by a comprehensive strategy that emphasizes energy efficiency, renewable energy, and robust supply chain management. By setting science-based targets, AMD is making significant strides toward reducing its carbon footprint and supporting global climate goals.
The post AMD’s Q2 Revenue Surge: Can Its Climate Strategy Keep Pace with Growth? appeared first on Carbon Credits.
Carbon Footprint
CEO Selwyn Duijvestijn on RTL7: DGB Group enters new phase as listed company
DGB Group (Euronext: DGB) stands at a defining crossroads in its corporate journey. Where just a few years ago the company was focused on restructuring and resolving legacy challenges, it is now demonstrating real momentum: audited financial results, commercial traction in the voluntary carbon market, and a strong pipeline of international nature restoration projects. In a recent interview on RTL7–a Dutch television channel known for its business and financial programming–CEO Selwyn Duijvestijn offered a candid reflection on this progress. This article highlights the key takeaways.
Carbon Footprint
A Battery ‘2X Better’ than Tesla’s Is Reshaping the $90B Home Power Storage Market
Disseminated on behalf of StorEn.
Demand for home energy storage is booming, with up to 47% of US homes expected to have rooftop solar installations by 2050. But there’s one major flaw: the batteries powering those systems don’t last.
That’s why StorEn has created a home battery with the potential to last twice as long as Tesla’s Powerwall (the current market leader).
Here’s why investors need to watch this company.
How StorEn Is Solving the Home Battery Problem
Most home battery systems, including Tesla’s Powerwall, rely on lithium-ion technology. These batteries degrade quickly, pose safety risks, and create environmental waste. They typically need replacement every 5–10 years and aren’t built for long-term use. They can also burn for days when disaster strikes, releasing toxic fumes, as we saw in the recent California wildfires.
That’s why the most advanced power plants in the world have been using vanadium flow technology. It’s the same reliable, low-risk battery tech that powers major cities around the world today.
No one has been able to scale vanadium flow tech down to the residential level. But StorEn is doing it with their first-of-its-kind vanadium flow battery for homes. Instead of 10 years, it’s built to last 20. It’s also small enough to fit inside a garage, with a non-flammable and 100% recyclable design.
Why StorEn Is A Major Energy Disruptor
The residential energy storage market is expected to surpass $90 billion by 2033, and lithium-ion batteries simply aren’t sustainable enough to meet demand.
That’s why, while Tesla’s Powerwall holds 62% of the market, StorEn is a prime contender to dominate in the rise of home energy storage.
Not only can StorEn power homes for up to 20 years, but their solution also unlocks major commercial potential in the telecom and microgrid markets.
Amid this once-in-a-generation shift in energy, StorEn has all the pieces to thrive. What’s more, they have the track record to prove it.
StorEn Is Proving Themselves As We Speak
With a pipeline of $11M+ in forecasted revenue and a community of 9,000+ investors already, StorEn is on track to become the leader in long-duration home energy storage.
The company is led by pioneers in energy storage and battery chemistry, including CEO Angelo D’Anzi, a 23-year veteran in fuel cell and electrolyzer development. Angelo himself holds 18 WIPO patents in Vanadium Flow Batteries and Fuel Cells.
Now, this team has patented a vanadium flow battery compact enough to power homes—with the same durability and reliability trusted by cities and industrial plants.
And you have an opportunity to join them.
Why Now Is the Time to Invest in StorEn
As clean energy adoption grows, the need for longer-lasting, safer, and more sustainable batteries is becoming urgent.
StorEn has raised $12.5M from 9,000+ investors and is preparing for global expansion.
As lithium supply chains face pressure and investors seek genuine innovation, StorEn’s vanadium flow technology offers the long-term solution the market has been anticipating.
Become a StorEn shareholder as they redefine energy storage.
This is a paid advertisement for StorEn’s Regulation CF offering. Please read the offering circular at https://invest.storen.tech/
Disclosure: Owners, members, directors, and employees of carboncredits.com have/may have stock or option positions in any of the companies mentioned: None.
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Carbon Footprint
Saudi Arabia’s Carbon Ambition: NEOM’s Enowa and VCM Ink 30M Tonnes Carbon Credit Deal
The Voluntary Carbon Market Company (VCM) and Enowa, NEOM’s energy and water arm, have struck a landmark deal to deliver at least 30 million tonnes of high-integrity carbon credits by 2030. This long-term agreement shows Enowa’s promise to offset its unavoidable emissions. It also supports global climate action. This is especially true for projects in the Global South, which gain stable, long-term funding. The first delivery occurred in December 2024.
VCM launched Saudi Arabia’s first carbon credit exchange in November 2024. It was founded by the Public Investment Fund (PIF) with 80% ownership and the Saudi Tadawul Group with 20%.
The platform offers top-level carbon trading, clear price discovery, global registry access, and aims to support Islamic finance structures. It also operates an auction system and will introduce spot trading in 2025.
This agreement highlights the growing demand. The global voluntary carbon market is expected to rise from $2 billion in 2020 to $250 billion by 2050. This growth is fueled by both companies and projects.
A Game-Changing Carbon Credit Pact
The VCM–Enowa agreement is a big step in voluntary carbon markets. It moves from one-time purchases to a long-term approach. Under the deal, Enowa will secure 30 million tonnes of high-quality carbon credits by 2030—about 3 million tonnes annually. This steady volume helps stabilize the market for everyone. It also unlocks vital funding for climate projects worldwide.
For developers, especially in the Global South, such long-term offtake agreements mean:
- Reduce risk,
- Support scalability, and
- Allow for better project planning.
As VCM CEO Riham ElGizy noted:
“The long-term agreement between VCM and Enowa to facilitate the delivery of over 30 million tons of carbon credits by 2030 marks a significant moment in Saudi Arabia’s journey to drive growth in global voluntary carbon markets. It helps Enowa compensate for today’s emissions while creating sustainable infrastructure for the long term.”
Enowa, already active in previous VCM auctions, becomes the first company in Saudi Arabia to enter such a long-term deal. Acting CEO Jens Madrian said it reflects their commitment to NEOM’s goal of 100% renewable energy. NEOM’s green infrastructure vision aligns closely with Enowa’s emissions management strategy.
This deal is huge: 30 million tonnes over ten years equals the yearly emissions of a mid-sized industrial country. This sets a high standard for corporate climate action in the area.
Building a Mature Carbon Market in Saudi Arabia
The VCM–Enowa deal also strengthens Saudi Arabia’s growing carbon trading ecosystem. Launched in November 2024, VCM’s voluntary carbon exchange is the Kingdom’s first institutional-grade platform. It provides key market tools such as auctions, RFQ features, block trades, and a new spot market. These tools improve price transparency, boost liquidity, and give access to a global registry.
Through successful auctions in 2022, 2023, and 2024, VCM has transacted over 4.7 million tonnes of carbon credits with buyers from 15+ countries. Projects include reforestation, soil carbon, clean cookstoves, and renewables. These show a strong demand for quality credits in many regions.
VCM stands out by aligning with both international standards and regional needs. It is creating Shariah-compliant infrastructure. This allows more MENA-based investors to use ethical finance tools. Its support ecosystem helps project developers in Africa and the Middle East. It includes advisory services and registry integrations. This way, developers can gain visibility and find long-term buyers.
This platform arrives as voluntary carbon markets face scrutiny over credibility. Backed by PIF and Tadawul, VCM provides a transparent, high-integrity marketplace. As ICVCM and COP29’s Article 6.4 advance global standards, VCM is positioning itself to lead regionally and globally.
Saudi Arabia aims to replicate its energy market leadership in climate finance. VCM’s success could channel billions into emerging economies and close the climate finance gap—estimated at $1.5–$2 trillion annually by the UN and World Bank. Voluntary carbon markets are increasingly vital to this mission.
Enowa and NEOM: A Blueprint for Net Zero
Enowa, the energy and water subsidiary of NEOM, plays a central role in advancing Saudi Arabia’s carbon neutrality goals. As part of the futuristic NEOM development, Enowa is building a 100% renewable-powered energy system that relies on solar, wind, green hydrogen, and cutting-edge digital infrastructure. This carbon-free framework is central to NEOM’s ambition to become a global model for low-emission urban living.
Enowa’s long-term agreement with VCM reflects its strategy to tackle unavoidable emissions through high-integrity carbon credits, complementing its broader sustainability efforts.
The company is actively involved in deploying smart grid technologies and water recycling systems that support circular economies. Its approach aligns with international net-zero frameworks, aiming to drastically reduce operational emissions while fostering innovation in climate resilience.
$250B and Counting: Why Voluntary Carbon Markets Are Booming
Voluntary carbon markets are set for explosive growth. Reports predict an increase from $2 billion in 2020 to $250 billion by 2050, with interim estimates ranging from $45 billion to $100 billion by 2030.
MSCI forecasts market expansion from $1.4 billion in 2024 to potentially $35 billion in high-demand scenarios by 2030. Around the world, projects that cut or eliminate carbon are getting more funding through voluntary carbon credits. There is strong demand for credits that also support community development and protect biodiversity.

Why Corporate Commitments Demand Certainty
Companies—especially those in tech, energy, and manufacturing—seek reliable offsets to meet net-zero goals. Long-term purchase agreements like VCM–Enowa’s offer greater credibility and transparency than spot buys.
They make sure that top-quality credits come from projects in developing countries. This aligns emissions cuts with sustainable development. In turn, these agreements help build carbon market capacity in the Global South.
Challenges and the Path to Integrity: Fixing Trust in Carbon Credits
However, voluntary carbon markets face credibility issues. High-profile cases, such as problems in Kenya’s Northern Rangelands project—backed by Meta and Netflix—have sparked concerns. With Verra reviewing the project amid legal and environmental scrutiny, trust in carbon credits has taken a hit.
New rules from COP29’s Article 6.4 and efforts like ICVCM’s framework seek to enhance market integrity and transparency.
VCM’s institutional focus, long-term contracts, and integration with recognized standards are designed to reduce these risks by ensuring quality and oversight.
Saudi Arabia’s Big Carbon Bet Has Global Stakes
Meanwhile, Saudi Arabia’s move through VCM positions it at the forefront of voluntary carbon market expansion in the Middle East. Globally, Asian and South American countries are also scaling their own platforms and frameworks. Deals involving multinational firms and sovereign or semi-sovereign buyers lend scale and legitimacy to these markets.
This shift supports climate finance goals:
- Global climate funding currently stands at roughly $120 billion annually for low‑ and middle‑income countries, well short of the $300 billion yearly target by 2035 agreed at COP29.
Carbon markets like VCM can help fill that gap, particularly in driving private investment.
The VCM–Enowa agreement sets a new standard in voluntary carbon trading—long-term, high-volume, and high-integrity. Voluntary markets will likely grow a lot in the coming decades, and deals like this build trust and stability. They also provide financial security for climate projects in developing economies. With improved standards in place, voluntary carbon credits can become a powerful tool in global efforts to reach net-zero.
The post Saudi Arabia’s Carbon Ambition: NEOM’s Enowa and VCM Ink 30M Tonnes Carbon Credit Deal appeared first on Carbon Credits.
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