Calyx Global Newsletter: February 2024 Edition
Thank you for joining us in the February edition of our 2024 newsletter. We invite you to 'share the love' as we look back on our recent updates and look forward to what's next for the carbon markets??. To stay up-to-date on what is happening at Calyx Global, subscribe to the email version of this newsletter, https://calyxglobal.com/blog#subscribe ."
Calyx Global co-founder Donna Lee wrote an op-ed that was recently published by Carbon Pulse . She stated, “If 2023 was a year of reckoning for the carbon market, 2024 just might be the year of market correction.” Read more about her perspective on “out with the bad and in with the good” as she highlights which project types show promise for the coming years and which need to be phased out.
Cookstoves and Biodigesters Series
Calyx Global put together an informational series explaining key components of cookstove and biodigester carbon projects. The series explores recent developments and provides insights into our analysis of the greenhouse gas (GHG) integrity of these projects. The first blog of this series, which was just released, covers the importance of the fraction of non-renewable biomass (fNRB).?
Strengthening Safeguards
A recent blog post by our Environmental and Social Safeguards team highlights five actions that key players of the carbon market, such as Verra and Gold Standard , can take to improve how the carbon market implements environmental and social safeguards. There are critical areas where carbon crediting programs need improvement in order to ensure that carbon projects not only provide co-benefits but also safeguard local communities.
Safeguards webinar recording
Calyx Global recently hosted a webinar on the 3rd pillar of carbon credit quality: safeguards. Linda Rivera Macedo , the SDG and Environmental and Social Safeguards Lead at Calyx Global, Jill Shankleman of JSL consulting and member of Calyx Global’s Environmental and Social Risk Panel, Jacob Bourgeois , the Head of Carbon Strategies and Innovation at Volkswagen ClimatePartner, and Donna Lee , the co-founder of Calyx Global discussed social and environmental safeguard screenings for carbon projects.?
Upcoming Events
GreenBiz | February 12-14 Calyx Global will be at GreenBiz 24 in Phoenix, Arizona. Let’s meet or join us and fellow climate leaders for Dinner on Feb 13 if you'll be there. Contact us, and we’ll put you on the request list.
North American Carbon World (NACW) | March 19-21 We will be at NACW in San Francisco, CA next month. Email us and let us know if you will be there too.
New Calyx Global ratings
This month, we released 21 new projects in addition to adding deeper insight into 21 existing ratings. If you're interested in viewing ratings and in-depth analysis of projects like these and more, contact us .
GS7572 | 120 MW Solar PV Plant by Juniper Green Sigma
VCS355 | Inner Mongolia Baotou Bayin Wind Power
VCS504 | Hainan Danzhou Eman Wind Power
VCS3154 | Household Biogas Project in Uttarakhand
VCS2753 | Sustainable Biogas Project for Community Empowerment
GS11455 | Implementation of Bio Digesters in Rural Areas of Madhya Pradesh
VCS1187 | Shandong Yishui Tangwangshan Wind
VCS413 | Hebei Yuxian Kongzhongcaoyuan 49.5MW (1st Crediting Period)
VCS413 | Hebei Yuxian Kongzhongcaoyuan 49.5MW (2nd Crediting Period)
VCS736 | Guyuan Wuhuaping 49.5 MW Wind
CAR785 | Dubuque Metropolitan Sanitary Landfill
VCS2358 | Nanchang Maiyuan Landfill Gas Recovery
ACR736 | Tradewater US - ODS #1
ACR875 | Tradewater US - ODS #3
VCS2367 | Afforestation in Eucalyptus and Acacia Plantations for Burapha
GS4221 | Vichada Climate Reforestation Project (PAZ)
VCS813 | Inner Mongolia Chifeng Gaofeng Wind Power
VCS697 | Hebei Kangbao Sanxiatian Wind Farm
CDM5311 | Inner Mongolia Shangdu Changshengliang Wind crediting period 1
CDM5311 | Inner Mongolia Shangdu Changshengliang Wind crediting period 2
CAR807 | Alcoa Landfill Gas Destruction Project
Closing thoughts?
Many of you may have seen The Guardian article about the “hot air” in cookstove projects. Watching this issue play out is like déjà vu – a history of REDD repeating itself. The cookstove fNRB problem is not too dissimilar from the REDD baseline issue: Both have very high uncertainties.
Where emission reductions are based on parameter(s) with high uncertainty, these credits will always be subject to criticism – unless they apply the concept of “conservativeness,” which means claiming fewer emission reductions (such as the lower boundary of the uncertainty) to ensure that buyers – when using such credits as offsets – can be sure of the compensation claim. Another approach is to ensure the estimations of key parameters are unbiased, which means using independent data. The principle of conservativeness is enshrined in the ICVCM’s Core Carbon Principles under the principle of “robust quantification.”
If you want to learn more about these issues and about cookstoves and household-scale biodigesters, which share some of the same key issues, follow Calyx Global to make sure you do not miss any of the insights we will be sharing on these topics in the coming weeks.
- Donna Lee, Co-founder
Love diving into new reads ??! Cookstoves & biodigesters are vital for sustainable living. As Aristotle once hinted, excellence is a habit - here's to making sustainability our habit! ?? #SustainabilityJourney
Sustainable Business Development, Marketing & IT | Educator & Writer
8 个月I am appreciating these newsletters, especially this one for highlighting the challenges and lessons, including those that appear to be repeated, associated with overestimating avoided emissions. Thanks for sharing.