COMMENT: REDD+ evolves with Verra’s changes to key methodologies
Standard-setting body Verra has proposed changes to tools for estimating emission reductions from its key REDD+ project types that will ensure Verraâs methodologies reflect the latest science and practices while aligning with jurisdictional GHG estimation procedures, Steve Zwick of Verra writes.
Read MoreCOMMENT: We must protect intact forests, but CORSIA got it wrong
While it is essential for the world to protect forests that are not under immediate threat of deforestation, treating carbon credits from their conservation as fungible compliance instruments threatens to undermine carbon market integrity, argue several consultants critical of UN aviation body ICAO’s recent decision to accept ART TREES carbon credits from jurisdictions under its CORSIA offsetting programme.
Read MoreCOMMENT: The voluntary carbon market needs ratings agencies
A new breed of ecosystem asset ratings agencies is needed to scale ecosystem markets. Their role is to fuse incentives in capital markets with conservation outcomes, and to generate huge opportunities for wealth creation, says Mani Gangadharan Venketachalam, President, BeZero Carbon.
Read MoreWEBINAR: Zeroing In – The Outlook for Net Zero Energy
Following the release of the Transition Trends Report 2022, Reuters Events will host an exclusive dialogue of industry leaders, to analyse and digest the key findings from 3,000+. The panel will feature senior executives from Deloitte, Octopus Energy and EDP. Please RSVP for attendance.
Read MoreCOMMENT – Blockchain for better: Untangling tokenisation and carbon markets
The Gold Standard remains open to partnerships in the fast-moving space of web3, but it is important to be mindful about which decentralised approaches to deploy in carbon markets, and how to deploy them, writes Sarah Leugers.
Read MoreCOMMENT: Why Verra Advocates Long-Term Reversal Monitoring for Nature-Based Carbon Projects
Nature-based carbon projects deliver immediate reductions and reliable removals, but some buyers perceive them as short on permanence. Itâs a concern we can now alleviate with new technologies and modifications to the way we manage the VCS buffer pool, said experts at standard board Verra.
Read MoreCOMMENT: A Brave New (Article 6) World
Last weekâs UN agreement on Article 6 is bullish for the role of market-based mechanisms in supporting global climate action. But the new dawn comes with added complexities, write Sebastien Cross and Tommy Ricketts of BeZero Carbon.
Read MoreCOMMENT: Switzerlandâs bilateral agreements set a poor precedent for ambition ahead of COP26
Switzerland’s recent bilateral crediting deals send no signal for decarbonisation at home, while for the countries hosting the emission reductions the agreements close some of their best available options to implement their NDCs and raise ambition in the future, according to researchers at NewClimate Institute.
Read MoreECOSYSTEM MARKETPLACE – Shades of REDD+: Managing expectations for Glasgow
Glasgow is likely to produce a decision on the implementation modalities for market mechanisms under the Paris Agreement. However, those expecting that such a decision would lead to a flurry of investments into Article 6 transactions may see their hopes frustrated by governmentsâ and corporatesâ lack of appetite for such transactions. But closing the Paris Rulebook will still be important, if only to put voluntary carbon markets on stable ground.
Read MoreECOSYSTEM MARKETPLACE – Shades of REDD+: Filling an Urgent Need – New Guidance for âNested REDD+â Published
Over the last months, several companies have announced an aggregate of more than two billion dollars of investments – in particular trading houses or major emitters – in voluntary carbon market projects that champion nature-based solutions. At the same time, the LEAF coalition is encouraging the development of jurisdictional REDD+. For such initiatives to peacefully coexist, there is an urgent need for countries to build ânestedâ REDD+ systems.
Read More