Another record (not worth breaking) is broken, but there is hope!
International Carbon Registry (ICR)
Providing electronic registration of climate projects and issuances of high integrity carbon credits.
It has been officially confirmed that the year 2023 has been the hottest on record, breaking the previous record despite our efforts to prevent it. This situation brings to mind the metaphor of the movie 'Don't Look Up,' where characters blatantly ignore an imminent, catastrophic comet threat, mirroring how we, as a society, often react to climate change. Why is it so difficult for us to address this issue? Is it because of human nature, which tends to prioritize short-term interests over long-term benefits? Or is it akin to the movie's theme, where we collectively tend to ignore the dangers that lie ahead and bury our heads in the sand, refusing to look up and confront the reality of our warming planet?
We at the International Carbon Registry refuse to believe that no reason is good enough, and we are used to the fact that when the going gets tougher, we need to pull harder together.?For this reason, we look back at 2023 as a year of preparation and plan to make 2024 count. We want to see 2023 as one of the last years before we reach the top and regain control of our climate.? ?There is a glimmer of light, as we saw a record month in retirements in December, which leaves us with the hope that we can do better.?
The hottest year on record
In 2023, global temperatures reached record-breaking levels, becoming the warmest year on record. The Copernicus ECMWF monitored key indicators throughout the year, such as the hottest month on record and daily global temperature averages briefly surpassing pre-industrial levels by more than 2°C.
2023 marks the first time on record that every day within a year has exceeded 1°C above the 1850-1900 pre-industrial level for that time of year. Close to 50% of days were more than 1.5°C warmer than the 1850-1900 level, and two days in November were, for the first time, more than 2°C warmer.
The 2023 Global Climate Highlights report summarizes the most relevant climate extremes and their main drivers, such as greenhouse gas concentrations, El Ni?o, and other natural variations, based on the ERA5 reanalysis dataset.
December Market report - record retirements
In December 2023, there was a significant increase in retirements, with almost 40 million credits being retired, as per the data provided by AlliedOffsets . The top buyers during this period were 奥迪 and 大众 . Forestry and land use accounted for roughly 20 million credits of the total retirements, while Waste Disposal accounted for almost 11 million credits.?
The data and report is prepared and analyzed by Allied Offsets. We encourage you to learn more.
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Carbon Exposure Project - with Rene Velasquez
As part of our efforts to promote knowledge sharing and foster a community, we would like to recommend a podcast by industry veteran Rene Velasquez . In this podcast, Rene interviews leaders and visionaries in the carbon industry, including IETA 's own Dirk Forrister , Anna Lerner Nesbitt , and more insightful individuals. We highly recommend listening to these conversations and other conversations from the series, as they will inspire you with what others are doing. We are excited to share more with you in the future.
You can find the Carbon Exposure project website here.?
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ICR is Committed to High Standards
The ICR team, alongside all our colleagues at CarbonRegistry.com, are resolute in our commitment to establishing ICR as a leading standard in the field of climate projects. We believe that our dedication and passion will yield significant advancements in how we approach and execute these initiatives.
As always, our journey is intertwined with your support and trust. We'll continue to keep you informed on these critical steps we're taking, and we welcome your feedback and ideas on how we can make a more significant impact together.
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