Perspectives Climate Group’s Post

CARBON CREDITS INTEGRITY ⚡ Okay, since carbon credits are still somewhat new in the market, their integrity has been a key issue. In some cases we find that carbon credits do not remove or avoid the stated amount of emission and this typically affects the environment ad puts the enterprises at reputational risk and a possible backlash with the public. Well, nobody wants this right ? 🤔 So thanks to integrity council of voluntary carbon markets VCMi Group B.V. we have some principles to follow when designing our projects to ensure not just their credibility but also quality. Here are some 👇 1 Tracking - should be done by a verified registry E.g goldstandard 2 Robust independent third party validation and verification of carbon credits. 3 Quantifiable emissions reductions through removal or avoidance- all projects should have this including conservative projects 4 No double counting - ie no double issuance, double claiming and and double use 5 Additionality- show that GHG emission removal or avoidance could not have occurred in absence of your project. 6 Should contribute towards #netzero transition 7 Effective governance and transparency 🤓 There is more to this and each project developer should research on the new and upcoming principles for credibility purposes. #carboncredits #climatefinance #climateaction

Mastering the Article 6.4 Project Cycle: From Prior Consideration to Carbon Credit Issuance Three mechanisms—Article 6.2, Article 6.4, and Article 6.8—are defined under Article 6 of the Paris Agreement, outlining how countries can cooperate and trade mitigation outcomes. Among these, the Article 6.4 mechanism closely resembles carbon trading under the Kyoto Protocol, which introduced the UN-governed Clean Development Mechanism (CDM). Navigating the complexities of Article 6.4 of the Paris Agreement can be challenging, but understanding the next steps after submitting the prior consideration form is crucial for successful project implementation. Here's a breakdown: 1. Project Design Document (PDD) Development   - Develop a comprehensive PDD that outlines the project details, including the baseline methodology (Article 6.4), monitoring plan, and expected emissions reductions. 2. Validation by a Designated Operational Entity (DOE)   - The PDD must be validated by an accredited DOE to ensure it meets all the requirements and standards set forth by the Article 6.4 mechanism. 3. Host Country Approval   - Obtain formal approval from the host country government, confirming that the project aligns with their sustainable development goals and climate commitments. 4. Stakeholder Consultation   - Engage with local stakeholders, including communities and relevant organizations, to gather feedback and ensure the project has broad support and addresses potential concerns. 5. Registration of the Project   - Submit the validated PDD, along with all necessary documentation, to the Supervisory Body for formal registration under the Article 6.4 mechanism. 6. Monitoring and Reporting   - Implement the project as per the approved PDD and continuously monitor the emissions reductions achieved. Regular reporting to the DOE is essential to maintain transparency and accountability. 7. Verification and Certification   - The achieved emissions reductions must be verified and certified by the DOE to ensure they are real, measurable, and additional. 8. Issuance of Carbon Credits   - Upon successful verification, the Supervisory Body will issue carbon credits, which can then be traded or used to meet compliance obligations. Understanding and following these steps can significantly enhance the chances of successful project approval and carbon credit issuance under Article 6.4.   Please reach out to a consultant for assistance with carbon project registration.  #ClimateChange #Sustainability #CarbonCredits #Article6.4 #ParisAgreement #SustainableDevelopment #ClimateAction #ITMOs #Article6.2

If you missed our monthly ESG Explained webinar with Annik Falch this morning here are the main points she covered. The next webinar is scheduled for the 30th of May at 9am CET. 👉 The EU Council recently failed to approve the Nature Restoration Law – putting the future of the legislation at risk with limited time left to negotiate before the EU elections in June. 👉 The Science Based Targets initiative has published plans to allow for a wider use of carbon credits in the Corporate Net Zero Standard, in order to help corporations reach their goals related to scope 3 value chain emissions. 👉 The EU Parliament recently adopted the EU Carbon Removals Certification Framework (CRCF) aimed at establishing a certification system to quantify, monitor and verify carbon removals. 👉 The EU Council recently adopted the revised Energy Performance of Buildings Directive (EPBD), finalizing the approval-process and constituting an important step in EUs vision of transforming the EU building stock into zero emissions buildings by 2050. 

This is very insightful.

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💻 Our experts have highlighted project-specific safeguard information to help carbon credit users gain a clearer understanding of non-carbon risks. Explore these insights on BeZero's dedicated Beyond Carbon dashboard. Learn more here: https://hubs.li/Q02RGSt70

I spent a little time today looking at the comparisons available across the various jurisdictions and it strikes me that cooperation and collaboration really are increasingly important, not just between landlords and tenants but also, for example, between owners and operators/managers of operational real estate. Well worth taking a look. #GreenLeases #CMSLaw #CMSESG #CMSCorporate #CMSRE

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Carbon credits are available for lower and higher prices, and their price point generally reflects their quality. Those not just looking for an administrative fix in their ESG reports, might opt for more expensive, high integrity carbon credits. But what does the expression 'high integrity carbon credit' stands for? Find out in our blog post! https://hubs.ly/Q02pLfCs0 #urbaniqe #FleetElectrification #CarbonCredits #GreenFinancing #ESGCompliance #SustainableMobility