Calyx Global Newsletter: July 2024 Edition

Welcome to the July edition of the Calyx Global Newsletter! While we may want to cool off as we're approaching the "dog days" of summer in the Northern Hemisphere, this month we turn up the heat on carbon market conversations and developments from our team and beyond:

Over-issuance of C-Quest Capital cookstove project credits

Two weeks ago, C-Quest Capital, a carbon project developer, made a significant move toward transparency by sharing that it over-issued millions of carbon credits in connection with its clean cooking programs registered with Verra. This means that C-Quest Capital projects had overestimated their emission reductions, resulting in significant over-crediting. Read more to hear our take on the controversy and assessment of their projects. Read more

ICVCM announces the first CCP labels: LFG and ODS

Early last month, the ICVCM announced the first CCP labels for a portion of credits generated from landfill gas (LFG) and ozone depleting substances (ODS) projects. Broadly speaking, the decisions largely track with our analysis of 137 LFG and 18 ODS projects to date.?Read more

ICVCM CCP Labels: Proceed with caution on LFG projects?

After the announcement about the new CCP labels, we began to see organizations incorrectly identifying some LFG projects as CCP eligible. In this blog post, we provide information on why we cannot yet have clarity on exactly what is “in” versus “out.” Read more

Calyx Global Platform users can now search by CCP label eligibility

Our subscribers now have the ability to search for carbon credits that are CCP label eligible alongside our ratings and insights. As the carbon credit rating agency with the most CCP-eligible projects rated to date, we’re excited to offer our users the ability to search across projects that carry the label, so they can more quickly identify projects that meet their quality criteria. Read more

Nitrous oxide abatement project insights

Nitrous oxide (N2O) abatement in nitric acid production projects take up a small portion of the VCM. However, since inception they have experienced significant changes. This final blog in our initial Nitric Acid series digs into the evolution of nitric acid methodologies and their status today – which has been in flux with the development of Article 6.4 and the ICVCM CCP label review.?Read more

Scrutiny of the carbon market may be paying off

Our analysis of the state of quality in the voluntary carbon market gives early indications that the market is moving towards higher integrity. This report integrates data on market trends with Calyx Global’s 550+ project ratings to provide unique insights on how efforts to improve market integrity are faring. Download the report

Recent Webinars

Surprises from analyzing 500+ carbon projects ?| On-demand

Hear from carbon market experts from 摩根士丹利 , 波士顿谘询公司 and Calyx Global as they discuss insights gained while evaluating carbon credit quality. The speakers review the surprising project types with higher GHG integrity, due diligence best practices and how to consider beyond carbon impacts. Watch here

State of quality in the VCM: Is it improving? ? | On-demand

In this webinar, we provide an analytical look into the market’s efforts to increase the integrity of carbon credits produced and retired, from both a GHG and SDG perspective. Our panelists, Margaret Morales of Trellis Group , Donna Lee and Linda Rivera Macedo from Calyx Global, share where they’re seeing progress in the market – as well as the driving forces behind the changes.?Watch here

Upcoming Events

Singapore Carbon Market & Investor Forum | 15–16 August 2024

See Duncan van Bergen speak on Plenary Four: Enhanced Integrity for Investment-Grade Carbon Markets . If you’ll be attending and would like to meet, let us know.

Closing thoughts?

A comment during a panel conversation at the S&P Carbon Management Americas Conference in Denver reminded me of the important work related to increasing confidence in SDG impact claims. The panel participant mentioned that many buyers look at SDG claims as an attribute that developers or marketers “slap on” the project without much detailed scrutiny… and therefore do not take very seriously.

We believe carbon projects can have a real and substantive impact on communities, biodiversity and other areas of sustainability; and many projects do. We also believe that credit buyers need to have the information at hand that allows them to have confidence that SDG claims made represent actual impact, and not just a guesstimate of possible positive externality. Calyx Global’s SDG ratings result from a detailed analysis of the evidence of audited claims of impact. We look for evidence on the activity to impact spectrum, and assess the quality of evidence offered. We aim to take the “fluff” out of SDG; we do not accept the “slapping of claims” at face value. Please reach out to us if you have questions about our approach to SDG impact ratings.

- Duncan van Bergen, Calyx Global Co-founder