August Newsletter: Public Consultation ???, Webinars ?? , 19 VVBs ??, Market Projections ??, and Rebranding ??
International Carbon Registry (ICR)
Providing electronic registration of climate projects and issuances of high integrity carbon credits.
As summer continues, our commitment to addressing climate change remains unwavering. Here’s a roundup of our recent activities and updates:
In this newsletter:
?? Public Consultation Open for ICR Program Revisions
We have launched our public consultation for revisions to the ICR Program documentation. This consultation provides an invaluable opportunity for stakeholders to offer feedback on the latest changes, ensuring that our program meets the highest standards of clarity and usability.
ICR Public Consultation: Program Revision
Open from July 22, 2024, until August 22, 2024
Revised Documentation:
New Documentation:
Additional Resources
Explore the resources below related to the webinar and the ongoing public consultation process:
?? Two New VVBs join our network of 19
We are excited to announce the addition of PES and Verifit to our network of approved Validation and Verification Bodies (VVBs).?
?? About PES, Petroltecnica Environmental Services (PES) - Qatar :
?? About Verifi:
We look forward to the valuable contributions PES and Verifit Ltda. will bring to our network.
With these new additions, ICR now has 19 VVBs in our network, ensuring we maintain the highest standards of quality and integrity in the ICR program.
Read more about it in our blog.?
Webinar Recap: ICR + Kita , Risk Management by the Fireplace ?? ???
The webinar "Integrity and Trust: The Role of Insurance & Registries in the VCM 2.0," hosted by ICR and Kita, brought together industry leaders to discuss the evolving Voluntary Carbon Market (VCM). The discussion centered on how innovative insurance products including our "Buffer as a Service," can de-risk carbon projects, making them more secure and attractive to investors. The collaboration between ICR and Kita combines rigorous standards with insurance solutions to enhance the integrity and reliability of carbon credits.
As the VCM continues to evolve, the integration of insurance is expected to become a standard practice, driving greater confidence and investment in carbon projects, making carbon credits more "bankable". The webinar communicated the critical need for transparency and trust in the VCM, with ICR and Kita committed to setting new benchmarks in the industry.
Moving forward, both companies will continue to collaborate and adapt their strategies based on market feedback and developments.
领英推荐
Read more about it in the blog post and the webinar recording here.
VCM Monthly Report by AlliedOffset & ICR?
Summer sees curbing action, but the fall we expect demand to pick up and the market will correct. More information can be found in our joint report is available for download below.?
Similarly, ?AlliedOffsets conducted an insightful report on the future of carbon markets. As the market evolves, the importance of high-quality, verified carbon credits is more critical than ever. Here are some key takeaways from the analysis:
?? Demand Surge: Demand for carbon credits is projected to rise significantly, with millions of tons expected to be retired annually, reflecting growing corporate commitments to sustainability and carbon neutrality.
?? Price Trends and Growth: The price per ton of carbon credits is anticipated to stabilize and increase steadily over the coming decades, reaching potentially over $30 per ton by 2047. This trend shows the increasing value of investing in carbon reduction projects.
?? Market Value: The primary market value of carbon credits could skyrocket, reaching $12 billion by 2030 and an astounding $50 billion by 2040.
Find the whole report here: https://lnkd.in/eS7AU8Yf
Newly Validated Projects
We are pleased to share that one project has been validated:
AgroEcology Italy: Reducing GHG Emissions and Increasing Carbon Sequestration in Italian Agriculture by Alberami | Regenerative Farming has successfully completed validation and verification of the first monitoring period and is now officially registered with ICR.
Project Highlights:
?? Location: Italy
?? Type: Sequestration / Removal
?? Sector: Agriculture
?? Methodology: ISO 14064-2
?? Project Developer: Alberami
?? Validation Body: Carbon Check (India) Private Limited
?? Estimated total of 51,420,690 tCO2e over 45 years
? Issued now 8,044 Ex-Post ICCs (vintages 2022 and 2023)
This initiative empowers Italian farmers through regenerative agricultural practices, including tree planting and agroforestry, significantly contributing to carbon sequestration and sustainability.
?? Explore the AgroEcology Italy Project: https://lnkd.in/e3c-9Sdw
???? Ongoing Rebranding
As many of you have noticed, we are undergoing a rebranding process. We have revisited our visual identity, unveiling a new logo and a refreshed image that better represents our mission and values. This transformation is ongoing, and we will be completely overhauling our brand very soon.
Additionally, we are preparing to release updates to our software platform, which will be communicated in due course. In the meantime, please take a look at our new logo and stay tuned for more exciting changes ahead. ??
You can find our new logos here.?
Thank you Weird Pickle .