South Pole’s Post

South Pole Pole CEO Dr. Daniel Klier rightly highlights the risks of delaying carbon market climate action guidelines until 2025. The delay is more than just a challenge—it's a threat to communities and ecosystems that rely on immediate action. Uncertainty in carbon markets can stifle crucial investments in nature-based solutions. Every moment counts in the fight against climate change. Let’s not wait for the perfect plan—let’s act now to protect our planet and empower our communities. The time to scale carbon markets is now. Let's push forward, not stall! #NetZero #ClimateAction #Sustainability

This is a recently published must-read by Steve Thorne for those who wish to understand the carbon markets, their history, present, and future. For those of you who are like me and find it difficult to get around the never-ending, constantly changing myriad of acronyms that plague the industry and seem to be designed to be purposefully uninterpretable, this summary is a readers-digest of 20-odd years of climate action by one of the founding fathers of the industry. Enjoy! https://lnkd.in/eWDdab_X

-1 months gone and 190 to go to deliver on the directional 90% EU Climate target, presented next to the Industrial Carbon Management. - The impact assessment is a treasure trove on the limited pathways to deep decarbonisation and the societal "toolbox" required to realise these pathways. We think this is the first regulatory "block" which positions the urgency to develop that toolbox and quantifies the benefits and the burdens with the macroeconomic assessment, against a "business as usual" case of unmitigated climate change. - We at Carbon Direct want to share our deep dive, which I co-authored, into this deep decarbonisation. We are interested to learn your reflections and builds on our findings. https://lnkd.in/egciEBVg. - The projected picture of a linear reduction to 2040 where an extension of current policies towards 2040 would already lead to a -88% reduction is a deceptively simplification https://lnkd.in/exHtJ_ZW - The toolbox required for the deeper decarbonisation needs additional tools than those which should bring us to 55% and a number of the latter needs substantial acceleration and growth to become available "early 2030's" at the scales required to deliver for 2040. - Industrial Carbon Management is required and needs to grow into an industrial sector in its own right, with CCUS, carbon removal and recycling CO2 into products , with a decreasing fossil contribution. - There will be residual emissions, not only from hard-to-abate but also from the inertia and the timeline, for which Quality Carbon Dioxide Removals and their scaling will be essential. Realising ~400 MTCO2 /a of which a quarter from industrial by 2040 will be a formidable task to realise this "insurance". #carbonremoval #EU2040 #Industrialcarbonmanagement #cdr

Registrations now open! Thursday 19th September sees our next Quarterly Briefing in partnership with Principles for Responsible Investment. In the 3rd of the IPR/PRI webinar series for 2024, major climate policy trends since July will be analysed by an expert panel. The IPR Climate Forecasting process will also be explored against transition developments in the last 12 months and long term outlook, with webinar audience participation, in anticipation of IPR investor engagement workshops scheduled for Q4. Confirmed Speakers: Kavita Srinivasan, Head of Operations, Inevitable Policy Response Jakob Thomä Thomae, Head of Research, Inevitable Policy Response Magali Caroline Van Coppenolle, Global Head of Policy, Climate Bonds Initiative Moderated by: Daniel Gallagher, Ph.D., Senior Lead, Climate Change, Principles for Responsible Investment Webinar: IPR Quarterly Briefing: Global climate policy developments - Quarter 3 & Climate Forecasting Deep Dive Date: Thursday, 19th September 2024 Time: 14:00 - 15:00 BST Platform: BrightTALK Registration: https://lnkd.in/gpm3MZ7F #iprforecasts #quarterlybriefings #webinar #climate #policy #transition #investment #acceleration #netzero #energy #landuse #transition #forecasting #nature

"Why the SBTi’s proposal to include carbon credits is on the right side of climate history?" https://lnkd.in/grUkP5sF "April 24 - The recent statement from the board of the Science Based Targets initiative (SBTi) that it will consider recognizing environmental attribute certificates, including carbon credits, for abatement purposes in tackling value chain emissions, marks a significant milestone in the global battle against climate change. This is a bold step that will help accelerate corporate climate action around the world." Hmmm..."right" for whom? Science Based Targets initiative We Mean Business Coalition or @We Mean We ARE Business #offsets #science #practical #smoke #virtue

Registrations now open! Thursday 19th September sees our next Quarterly Briefing in partnership with Principles for Responsible Investment. In the third of the IPR/PRI Quarterly Briefing webinar series for 2024, major climate policy trends since July will be analysed by an expert panel. The IPR Climate Forecasting process will also be explored against transition developments in the last 12 months and long term outlook, with webinar audience participation, in anticipation of IPR investor engagement workshops scheduled for Q4. Confirmed Speakers: Kavita Srinivasan, Head of Operations, Inevitable Policy Response Jakob Thomä Thomae, Head of Research, IPR Magali Caroline Van Coppenolle, Global Head of Policy, Climate Bonds Initiative Moderated by: Daniel Gallagher, Ph.D., Senior Lead, Climate Change, Principles for Responsible Investment Webinar: IPR Quarterly Briefing: Global climate policy developments - Quarter 3 & Climate Forecasting Deep Dive Date: Thursday, 19th September 2024  Time: 14:00 - 15:00 BST  Platform: BrightTALK Registration: https://lnkd.in/gpm3MZ7F #iprforecasts #quarterlybriefings #webinar #climate #policy #transition #investment #acceleration #netzero #energy #landuse #nature #forecasting

The Integrity Council remains steadfast in its mission to enhance the credibility and impact of the #VoluntaryCarbonMarket. 📈 We recently announced our Board’s decision that Isometric is now CCP-Eligibile. Verra’s VM0047 Afforestation, Reforestation, and Revegetation (ARR) methodology also received CCP-approval. “ARR methodologies are pivotal for global climate resilience, providing essential tools for sustainable development through significant carbon sequestration and positive social contributions. Academic research shows that ARR initiatives are among the most cost-effective climate mitigation strategies and could sequester up to 10 gigatonnes of CO2 annually by 2050.” said our Expert Panel Co-Chair Daniel Ortega Pacheco 🌐 The Road Ahead: Our assessments of carbon crediting methodologies and programs continue, paving way for a new generation of high-integrity #CarbonCredits that uphold credibility and integrity. 🤝 🔗Read the full press release here: https://lnkd.in/dUTWDR5i

A recent meeting in London, attended by key players in the US$2 billion carbon offsets market, hinted at tensions surrounding the Science Based Targets initiative (SBTi), a leading verifier of corporate climate targets. While discussions focused on emissions accounting, there seemed to be an underlying agenda: challenging SBTi's strict criteria for using offsets to achieve net-zero goals. SBTi's stringent standards have earned it widespread recognition in emissions accountability. However, some argue that these rules stifle the growth of a market critical for combating climate change. This debate pits proponents of offset utilization against skeptics questioning the effectiveness and accountability of such instruments. The meeting, hosted by the Bezos Earth Fund and the Children's Investment Fund Foundation (CIFF), saw calls for SBTi to relax its position on offsets. Subsequently, SBTi announced a significant policy shift on April 9, potentially boosting demand for carbon offsets. The controversy underscores the challenges in navigating complex climate accounting issues, particularly regarding Scope 3 emissions. While relaxing offset rules may stimulate market growth, it also raises concerns about the integrity and effectiveness of corporate climate targets. As stakeholders grapple with these issues, the future of carbon offset markets remains uncertain amidst evolving regulatory landscapes and divergent perspectives within the industry. #SBTI #CarbonOffsets #ClimateChange #DeCarbonisation #NetZeroTransition #CarbonNeturality #ClimateMitigation #ClimateAdaptation I Bloomberg News I Alastair Marsh I Ben Elgin

Coming Up! Wed 10th July. Catch up on global climate policy progress in Q2 Webinar with Inevitable Policy Response, Principles for Responsible Investment, Climate Bonds Initiative, Sustainable Fitch, Deloitte & Kaya Partners. Expert panelists assess global developments in climate policy mapped by IPR through the Quarter. Energy, transition, land use & nature progress will be explored against the flagship IPR 1.8C Forecast Policy Scenario (FPS). A special report will also be launched, looking ahead to four international issues that will have a profound effect on the pace of transition. Speakers: Kavita Srinivasan, Head of Operations, Inevitable Policy Response Nicole Röttmer, Partner, Deloitte Lily Burge, Senior Policy Analyst, Climate Bonds Initiative William Attwell, Director, Climate Research, Sustainable Fitch Brian Hensley, Partner, Kaya Partners Moderated by: Daniel Gallagher, Ph.D., Senior Lead, Climate Change, Principles for Responsible Investment Event: PRI/IPR Quarterly Briefing: Global climate policy developments - Quarter 2 Date: Wednesday, 10th July 2024 Time: 14:00 - 15:00 BST / 15:00 - 16:00 CST Platform: BrightTALK Registration: https://lnkd.in/dy5k65AD #iprforecasts #quarterlybriefings #webinar #climate #policy #transition #investment #acceleration #netzero #energy #landuse #nature

The Carbon Offsets Clash: Voices Battle Over Verification Standards Summary: - The Science Based Targets Initiative (SBTi), a prominent verifier of corporate climate goals, faced pressure to relax standards for carbon offsets. - At a recent London gathering, advocates aimed to make a case that SBTi's rigorous criteria impede the growth of the $2 billion carbon offsets market. - Critics argue that SBTi's rules undermine the credibility of offsets, while supporters believe easing standards would unlock more investment. - The debate reflects broader tensions around offsets' role in companies' net-zero strategies and concerns over greenwashing. Importance and Context: - Carbon offsets have become a crucial tool for companies seeking to reduce their carbon footprint and meet climate commitments. - However, the integrity and credibility of offsets have faced scrutiny amid concerns over their effectiveness and potential for greenwashing. - The SBTi's standards are seen as a benchmark for corporate climate targets, influencing offset market's development. - The controversy highlights the ongoing challenge of balancing climate action with robust environmental integrity as the transition accelerates. In my view, the debate surrounding SBTi's offset standards underscores the complexities and tensions within the rapidly evolving carbon markets. While easing verification criteria could unlock more investment, it risks undermining offsets' credibility and perpetuating greenwashing concerns. A balanced approach that maintains robust standards while incentivising genuine emissions reductions is crucial. Perhaps a middle ground involving incremental adjustments informed by stakeholder input could be explored. What are your thoughts on this issue? How can we ensure offsets truly contribute to decarbonisation while enabling scalable climate finance? Share your perspectives below, and tag colleagues who may find this topic interesting. #CarbonOffsets #NetZero #ClimateAction #EnvironmentalIntegrity https://lnkd.in/dNjG8P2N