I like the University of Oxford Principles for carbon offsetting because it takes into account where we are TODAY vs. where we need to be in the FUTURE -- including: - A desperate need to reduce emissions now, so encourages buying credits that help to avoid emissions today... - That removals are also important, and there are nature-based removals that can also be purchased today... - ...but that durable removals will be critical for the future, so it's also good to invest into emerging technologies. It's that simple. I feel there is too much confusion on "removals vs. avoidance" and the Oxford Principles cuts through that in offering a useful way to think about what to do today... and how to transition to tomorrow. Calyx Global ratings confirm this approach -- the vast majority of our highest-rated credits are avoided emissions. There are also some reasonable nature-based removal credits. Durable CDR is expensive and we cannot expect companies to compensate residual emissions entirely with these credits today. Read our blog to explore these ideas further! And many thanks to the people who put together the Oxford Offsetting Principles. A really excellent piece of work.
The updated Oxford Offsetting Principles are now available. This resource is an important guide for companies and governments with net zero commitments. So what changed compared to the initial 2020 release? Oxford noted the most important updates were: 1. Reinforcing the urgency of emission reductions; 2. Re-emphasizing the need to close the carbon removal gap; 3. Highlighting the importance of Nature-based solutions (NbS) for addressing the drivers and impacts of climate change; 4. Clarifying the durability risks and co-benefits of different types of carbon removal and storage; 5. Recognizing consensus on, and defining new international guidance on the nature of net zero and nature commitments; 6. Recognizing the value of mitigation efforts outside of organizational net-zero targets. Learn more about the updates, the role of the Oxford Offsetting Principles in the wide array of carbon market guidelines and how Calyx Global ratings align to these principles: https://bit.ly/4bSRUCw #carbonmarkets #ghg #offsetting #nature
Financing the end of Deforestation. $10 trillion market opportunity. Now working on the front to back end data system to make these risks transferable
12moWe can’t avoid our way to 1.5 degrees. We can reduce and remove to such on a nationally netted basis.