Anna Lerner Nesbitt’s Post

Great tool for our tokenization of Carbon Certificates

🌍 Pioneering Sustainable Agriculture: Insights from #CarbonIQ and the EU’s Carbon Removal Certification Proposal 🌱 In our quest to combat climate change, innovative projects like #CarbonIQ are leading the way by improving soil carbon sequestration through sustainable agricultural practices. However, recent academic discussions highlight the complexities and challenges of this journey. (https://lnkd.in/eXv8iWZs) A recent article examines the European Commission’s 2022 proposal for a certification framework for carbon removals (#CRCF), highlighting critical issues that resonate deeply with our mission at #CarbonIQ. Key points include: 1️⃣ Overestimated Sequestration Potential: The article warns against over-reliance on models that may overestimate the benefits of carbon farming.  2️⃣ Reversibility Concerns: Temporary sequestration credits, often allowed under current frameworks, pose risks if carbon is released back into the atmosphere.  3️⃣ Legal and Policy Alignment: Compliance with EU and international climate legislation is essential. ⚖️ 4️⃣ Avoiding Displacement Effects: Effective carbon farming must prevent unintended increases in emissions elsewhere. 🌐 At #CarbonIQ, we are committed to refining these methodologies, ensuring robust verification, and contributing to a sustainable future. 🌍💡 🌱 #SustainableAgriculture #CarbonFarming #ClimateAction #CarbonIQ #EUClimatePolicy #CarbonSequestration #CarbonNeutrality #FutureFarming CarbonIQ ➡ https://lnkd.in/e_iThDWH

A recent study published in The Rangeland Journal by researchers from the Australian National University (ANU), University of New South Wales (UNSW), and Haizea Analytics revealed widespread noncompliance and poor performance in the world's largest nature-based carbon removal projects.  These projects, known as Human-Induced Regeneration (HIR) projects, aim to regenerate native forests across large parts of Australia.  The Australian government has been using HIR projects to meet climate change targets and reduce carbon in the atmosphere.  Analysis shows that most of the selected areas have never had forests, are unsuitable for forest regeneration, and are not producing the increase in tree canopy cover that projects are being credited for.  This highlights the need for better project selection, monitoring, and compliance to ensure the effectiveness of nature-based carbon removal initiatives. The study found extreme levels of noncompliance with key regulatory requirements in 116 of these HIR projects.  Many of the selected areas for forest regeneration have never had forests and are unsuitable for forest regeneration.  The projects are not producing the expected increase in tree canopy cover.  The projects had little impact on carbon sequestration, failing to meet their intended climate change targets.  The HIR projects cover 42 million hectares, significantly larger than Japan, receiving more than A$45 million in funding.  The projects were expected to significantly increase tree canopy cover and sequester carbon, but the actual impact has been minimal. The voluntary carbon market (VCM) has faced significant challenges and criticism, with concerns about its effectiveness.  Many carbon offset projects have failed to meet their goals due to noncompliance with regulatory requirements and poor project performance.  Some companies use carbon offsets to claim they are climate neutral without substantial efforts to reduce their own emissions.  This greenwashing undermines the credibility of the VCM.  Accurately measuring and verifying the impact of carbon sequestration projects is challenging, leading to overestimation of carbon offsets. The VCM lacks of transparency and accountability.  Conflicts of interest and imperfect information plague the VCM, preventing it from achieving its full potential. A study by ETH Zurich found that many voluntary carbon offset projects in the European Union failed to deliver the promised emissions reductions, despite significant investments.  The VCM has outlived its purpose, and should be folded into the compliance market, with a proper regulatory framework, to safeguard the integrity of carbon credits as a whole. Terence Nunis Terence K. J. Nunis, Consultant President, Red Sycamore Global

A recent study published in The Rangeland Journal by researchers from the Australian National University (ANU), University of New South Wales (UNSW), and Haizea Analytics revealed widespread noncompliance and poor performance in the world's largest nature-based carbon removal projects.  These projects, known as Human-Induced Regeneration (HIR) projects, aim to regenerate native forests across large parts of Australia.  The Australian government has been using HIR projects to meet climate change targets and reduce carbon in the atmosphere.  Analysis shows that most of the selected areas have never had forests, are unsuitable for forest regeneration, and are not producing the increase in tree canopy cover that projects are being credited for.  This highlights the need for better project selection, monitoring, and compliance to ensure the effectiveness of nature-based carbon removal initiatives. The study found extreme levels of noncompliance with key regulatory requirements in 116 of these HIR projects.  Many of the selected areas for forest regeneration have never had forests and are unsuitable for forest regeneration.  The projects are not producing the expected increase in tree canopy cover.  The projects had little impact on carbon sequestration, failing to meet their intended climate change targets.  The HIR projects cover 42 million hectares, significantly larger than Japan, receiving more than A$45 million in funding.  The projects were expected to significantly increase tree canopy cover and sequester carbon, but the actual impact has been minimal. The voluntary carbon market (VCM) has faced significant challenges and criticism, with concerns about its effectiveness.  Many carbon offset projects have failed to meet their goals due to noncompliance with regulatory requirements and poor project performance.  Some companies use carbon offsets to claim they are climate neutral without substantial efforts to reduce their own emissions.  This greenwashing undermines the credibility of the VCM.  Accurately measuring and verifying the impact of carbon sequestration projects is challenging, leading to overestimation of carbon offsets. The VCM lacks of transparency and accountability.  Conflicts of interest and imperfect information plague the VCM, preventing it from achieving its full potential. A study by ETH Zurich found that many voluntary carbon offset projects in the European Union failed to deliver the promised emissions reductions, despite significant investments.  The VCM has outlived its purpose, and should be folded into the compliance market, with a proper regulatory framework, to safeguard the integrity of carbon credits as a whole. Terence Nunis Terence K. J. Nunis, Consultant President, Red Sycamore Global

🌲 Why the UN-Operated Carbon Market Will Have a Major Impact on Forests 🌍 As global leaders prepare for COP29 in Baku, the discussion around a UN-operated international carbon credit market is gaining momentum. This initiative could redefine how countries manage their forest resources and trade carbon credits, with significant sustainability and climate action implications. 🔎 What You Need to Know: 1️⃣ Establishing Standards: Negotiators are working to create standardised methodologies for carbon credit trading, which could facilitate a more robust and transparent market. Critical discussions will focus on the methodology for developing projects under the Paris Agreement and the requirements for greenhouse gas removal activities. 2️⃣ Diverging Approaches: The push for a new carbon market has sparked debate between the US and EU regarding its structure. While the US favours a more flexible approach driven by the private sector, the EU advocates for stricter regulations and compliance frameworks to ensure environmental and human rights protections. 3️⃣ Impact on Forest Management: Establishing an international carbon market could significantly influence global forest markets. Concerns exist that the EU's preference for natural restoration projects may exclude plantation forests from the market, potentially disadvantaging countries that have invested heavily in planted forests. 🔗 To explore the details of the upcoming discussions and their potential impact on forests, read the full article here: https://lnkd.in/gRZBnZjT 🗣️ #questionforgroup: How can we ensure that the new UN-operated carbon market supports climate goals and the diverse needs of countries with varying forest management practices? What strategies should be implemented to balance conservation efforts with economic interests? #carbonmarkets #carbon #un #cop28 #cop29 #sustainability #forestry #climate #climateaction #woodcentral #woodcentralau1

The extraction, use and discarding of materials are responsible for over 90% of biodiversity loss and water stress, and around 50% of GHG emissions. In this blog we explore the links between circular economy, resource management and our climate obligations in the context of the publication by the European Commission of its communication on Climate 2040 targets. We identify in particular the following priorities: -  IEEP calls for an EU resource law on the same model of the climate law to reduce material resource consumption (including biomass, fossil fuels, minerals and metals). It should include legally binding targets (overall, MS-specific, Material- and/or sector-specific), indicators, national implementation plans etc. https://lnkd.in/einfU3Gn -  We must double down on our efforts to apply the polluter pays principle more rigorously through carefully designed policies on environmental taxation. We came up with detailed, actionable recommendations to address crucial aspects of tax regulations such as ensuring progressivity or minimal impact on competitiveness: https://lnkd.in/eukZm5wP -  Extension of our carbon pricing framework to the agriculture sector to provide financial incentives for stakeholders to adopt more climate-friendly practices, including in sectors fraught with social and economic challenges like agriculture. We explore options (on-farm, upstream, downstream, livestock only etc.) in this flagship report for the Commission: https://lnkd.in/eDZmGTfb -  We must prepare for post-growth scenarios to ensure that our development pathways (including on GDP growth) are put in a larger context of planetary boundaries. In particular we must ensure that the models we use for our policy development processes do take into account ecological economic principles such as the costs of inaction which vastly exceed the costs of 1.5°C mitigation and adaptation measures: https://lnkd.in/eXjtbWDn #climate #climatechange #climate2040 #biodiversity #resource #resourcemanagement #emissionsreduction #justtransition #postgrowth #environment #environmentaltaxation #greendeal #greentax #ets #agriculture https://lnkd.in/ebYBpQEm

🌍 Why the UN-Operated Carbon Market Will Have a Major Impact on Forests ♻️ A pivotal decision made during COP29 Azerbaijan has set the stage for establishing a UN-operated international carbon market, with significant implications for global forest management and carbon trading. 🔎 Key Highlights: 1️⃣ Landmark Agreement: Negotiators at COP29 have officially endorsed the creation of a standardised international carbon credit market, which is expected to be operational as soon as next year. This agreement aims to facilitate carbon trading among countries and companies, supporting their emission reduction targets under the Paris Agreement. 2️⃣ Article 6 Operationalization: The adoption of Article 6.4 marks a breakthrough after years of discussions, enabling international collaboration on carbon emissions. This framework will allow bilateral carbon trading agreements and a centralised United Nations system for trading carbon offsets, enhancing global participation in carbon markets. 3️⃣ Impact on Forest Markets: Establishing this carbon market could reshape how forests are classified and valued globally. Ongoing debates exist about including plantation forests versus natural restoration projects, particularly as the EU emphasises native forest restoration. At the same time, other regions rely on commercial plantations for their carbon credits. 🗣️#questionforgroup: How can countries ensure that the new UN-operated carbon market supports both sustainability and economic growth in forestry? What measures should be taken to balance the interests of developed and developing nations regarding carbon credits? 🔗 To learn more: https://lnkd.in/gW-d9wMG #carbonmarket #sustainability #forestry #cop #cop29 #parisagreement #climatechange #environment #globalcollaboration #carboncredits #forestmanagement

🌍 Why the UN-Operated Carbon Market Will Have a Major Impact on Forests ♻️ A pivotal decision made during COP29 Azerbaijan has set the stage for establishing a UN-operated international carbon market, with significant implications for global forest management and carbon trading. 🔎 Key Highlights: 1️⃣ Landmark Agreement: Negotiators at COP29 have officially endorsed the creation of a standardised international carbon credit market, which is expected to be operational as soon as next year. This agreement aims to facilitate carbon trading among countries and companies, supporting their emission reduction targets under the Paris Agreement. 2️⃣ Article 6 Operationalization: The adoption of Article 6.4 marks a breakthrough after years of discussions, enabling international collaboration on carbon emissions. This framework will allow bilateral carbon trading agreements and a centralised United Nations system for trading carbon offsets, enhancing global participation in carbon markets. 3️⃣ Impact on Forest Markets: Establishing this carbon market could reshape how forests are classified and valued globally. Ongoing debates exist about including plantation forests versus natural restoration projects, particularly as the EU emphasises native forest restoration. At the same time, other regions rely on commercial plantations for their carbon credits. 🗣️#questionforgroup: How can countries ensure that the new UN-operated carbon market supports both sustainability and economic growth in forestry? What measures should be taken to balance the interests of developed and developing nations regarding carbon credits? 🔗 To learn more: https://lnkd.in/gW-d9wMG #carbonmarket #sustainability #forestry #cop #cop29 #parisagreement #climatechange #environment #globalcollaboration #carboncredits #forestmanagement

🌲 Why the UN-Operated Carbon Market Will Have a Major Impact on Forests 🌍 As global leaders prepare for COP29 in Baku, the discussion around a UN-operated international carbon credit market is gaining momentum. This initiative could redefine how countries manage their forest resources and trade carbon credits, with significant sustainability and climate action implications. 🔎 What You Need to Know: 1️⃣ Establishing Standards: Negotiators are working to create standardised methodologies for carbon credit trading, which could facilitate a more robust and transparent market. Critical discussions will focus on the methodology for developing projects under the Paris Agreement and the requirements for greenhouse gas removal activities. 2️⃣ Diverging Approaches: The push for a new carbon market has sparked debate between the US and EU regarding its structure. While the US favours a more flexible approach driven by the private sector, the EU advocates for stricter regulations and compliance frameworks to ensure environmental and human rights protections. 3️⃣ Impact on Forest Management: Establishing an international carbon market could significantly influence global forest markets. Concerns exist that the EU's preference for natural restoration projects may exclude plantation forests from the market, potentially disadvantaging countries that have invested heavily in planted forests. 🔗 To explore the details of the upcoming discussions and their potential impact on forests, read the full article here: https://lnkd.in/g-pCC5p9 🗣️ #questionforgroup: How can we ensure that the new UN-operated carbon market supports climate goals and the diverse needs of countries with varying forest management practices? What strategies should be implemented to balance conservation efforts with economic interests? #carbonmarkets #carbon #un #cop28 #cop29 #sustainability #forestry #climate #climateaction #woodcentral #woodcentralau1

🌍 At Nordbex we are very excited by News from the EU! 🚀 EU has now launched the #CRCF initiative, a major step forward in our collective effort to combat climate change and promote sustainability. The CRCF (Carbon Removal Certification Framework) is designed to encourage and standardize carbon removal solutions. This initiative not only supports technological innovations but also emphasizes the critical role of sustainable practices in achieving our environmental goals. The regulation will establish a broad definition of carbon removals aligned with the UN Intergovernmental Panel on Climate Change (IPCC), focusing solely on atmospheric or biogenic sources. It will categorize carbon removal and emission reduction activities into four types: 1. Permanent carbon removal: Secures atmospheric or biogenic carbon for several centuries. 2. Temporary carbon storage in durable products: Includes products like wood-based building materials, lasting at least 35 years with on-site monitoring throughout. 3. Temporary carbon storage through carbon farming: Encompasses actions like reforesting, soil restoration, wetland and seagrass management. 4. Soil emission reduction: Involves reducing carbon and nitrous oxide through improved soil management practices such as wetland management, no-till farming, cover cropping, and optimized fertilizer use, aimed at either decreasing soil carbon emissions or enhancing biological carbon removals. #BECCS, #Renewable energy, #Carbon removal