?? Florence in Spring, ?? BeZero Ratings, ?? Retirements Up 25% And a Solar Eclipse ??

As we glide towards summer with a spring in our step and the sun rising in the north, we're excited to share latest news with you! First up, we're thrilled to announce that the ICR is a Silver sponsor of the upcoming IETA's European Climate Summit (ECS) event in beautiful Florence 16th-18th April. Further, the ICR is working with BeZero to offer ratings to projects on CarbonRegistry.com. And last but not least, we're happy to report that retirements in Q1 have soared by 25% compared to the last two years. ??Woohoo!

Silver Sponsor at the European Climate Summit

The ICR is excited to announce that it will be a silver sponsor at the ECS organized by IETA in Florence from April 16th to 18th. The event will bring together policymakers, business leaders, and thought-provokers to collaborate and discuss key inflection points for the regions carbon market.

• How will the European carbon market evolve in its next phase, starting in 2031?
• Around the world, carbon markets are emerging at the fastest ever pace, with new emissions trading systems being developed from Brazil to Vietnam
• More markets may mean more opportunities for international cooperation and linking, and some of these could come to Europe
• Carbon Border Adjustment Mechanism (CBAM) and what does it mean for the world
• The health of the voluntary carbon market.
• Environmental integrity and robust quality assurance.

The event will be held in person and will feature high-level plenaries, inspiring keynotes, cross-cutting deep dives, interactive side events, and quality networking opportunities. One of the key highlights of the event is the chance to meet and network with industry leaders who are leading the way in building and scaling sustainable markets.

Let us know if you're in Florence

BeZero Rating

The International Carbon Registry (ICR) and BeZero Carbon offer ratings of climate projects registered with the ICR

Climate project developers listed on ICR’s platform will now have easy access to? BeZero Carbon Rating for their projects. The BeZero Carbon Rating is an assessment, on an eight-point scale (AAA to D), of the likelihood that a given project will produce credits that remove or avoid a tonne of CO2e. Ratings equip investors with a comparable risk metric to understand the quality of their climate investments. This rating is additional to robust validation and verification projects need to complete. All ratings will be available on projects profiles on CarbonRegistry.com.

ICR currently works with most of the reputable validation and verification bodies in the world to ensure quality third party assessment of projects registered. Independent ratings provide a vital additional dimension of accountability for investors and buyers of carbon credits.

The integration of BeZero Carbon’s headline ratings on the ICR platform provides users with concise and consolidated risk-assessments for a range of carbon credits during the purchasing process, streamlining user experience.

Independently-rated projects attract more interest from carbon credit investors and buyers overall, and BeZero Carbon’s recent research suggests higher-quality projects (rated A or above by BeZero) have garnered a price premium around 200% higher than its other rated credits.

BeZero Carbon Ratings are derived from a range of curated and proprietary datasets, and are developed entirely independently, to ensure high-integrity assessments. These datasets include satellite imagery, geospatial maps, and ground data for nature-based projects.

Independent ratings equip market participants with vital risk information about the quality of carbon credits. They constitute the data infrastructure that informs sound net zero decision making and drives confidence in carbon markets.

Carbon Market Retirements and Prices

Retirements up 25%?

Q1 - 2024 is higher than both 2023 and 2022

In the first quarter of the year, approximately 55 million tonnes of retirements were observed, which is higher compared to the sub 45 million tonnes observed in the same period of the last two years. This indicates a 25% increase in retirements on a yearly basis between the quarters, suggesting that it could be a record year for the VCM.

Download the VCM report prepared by Allied Offsets.

?? A Celestial Event

As the world marvels at the celestial dance, solar eclipses reminds us of the delicate balance of our planet's natural systems. Just as the moon briefly cloaks the sun, casting a shadow over the Earth, it offers us a moment to reflect on the shadows we cast on our planet through climate change and environmental degradation. But, much like the eclipse, these moments are transient. They invite us to consider our impact, to seek out the light, and to commit ourselves anew to the stewardship of our Earth.

We got this amazing picture of the eclipse from our partner in Texas.?

ICR Community

Further on stakeholder engagement and harnessing input from external parties, announce last week, ICR is launching a stakeholder engagement site where input from ICR stakeholders is harnessed for continuous improvement of the ICR program and engagement in climate actions.?

The Community Site, is a virtual discussion ground, where each of you can share, learn, discuss implications, improvements and inspire action towards a low carbon economy.

The Community site is born from our commitment to not only keep you informed about the latest trends, achievements, and challenges in carbon markets but also to actively involve you to participate in a dialogue shaping collective efforts. Through this platform, we aim to see success stories, innovative strategies, collaboration, inclusive practices and allow you to discuss publicly, highlighting the power of collective action and stakeholder engagement in driving real-world change.

It's also a platform for our newly established Forums.?

The key objective of the Forums is to create a dynamic environment for knowledge exchange, where members can share experiences, discuss openly about evolving standards and methodologies, best practices and stay abreast of regulatory changes.

Join the forums by sending an application here.

Check out our community site

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 the way 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 steps we're taking, and we welcome your feedback and ideas on how we can make a more significant impact together. Now you can do so through our Community site.

www.carbonregistry.com

ICR is a proud member of