Formula E, SBTi, Verra, and Much More
This month, we’re adding a new segment to our newsletter called What You Should Know About the VCM. Here, you’ll find key updates from across the Voluntary Carbon Market.?
We bring you, for example, information about upcoming Scope 3 guidance from SBTi, an important announcement from Verra addressing legacy credits, and new science concerning how much carbon dioxide is stored in forests. Take a look below.
1. Rubicon Carbon Partners with Formula E Driver Lucas di Grassi
Last month, the Rubicon Carbon team was out in full force to cheer on Formula E Champion and ABT Cupra Driver Lucas Di Grassi at the Formula E race in Portland, Oregon. Di Grassi proudly sported the Rubicon Carbon logo on his car after he purchased a build-your-own RCT with enough credits to offset all of his emissions from his time as a professional Formula E driver. To read more about this partnership, you can click here?to read coverage from? Carboncredits.com ?or click here or on the image to read our press release.?
2. Investing in Climate Solutions: Insights from Rubicon Carbon’s Chris Brown
?We interviewed Rubicon Carbon’s Head of Principal Investments, Chris Brown, about the challenges and opportunities he sees in investing in early-stage carbon projects. Chris provides insight into his background, the difference between investing in carbon and traditional commodities, and how his work fits into the larger Rubicon Carbon strategy. Read the interview here .
3. [Podcast Alert!] The Climate Purists Versus the Pragmatists
?What is the difference between the purist and the pragmatic approaches to achieving global net zero emissions? In her interview on the Bionic Planet Podcast with Steve Zwick, Rubicon Carbon Chief Science Officer Dr. Jen Jenkins explains the difference. Click here or on the image above to hear the interview fragment and to find the link for the full-length interview.?
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What You Should Know About the VCM:
SBTi altered its previous target date from July to sometime in Q3 2024 for the release of a discussion paper related to possible revised guidance around the corporate use of carbon credits to compensate for Scope 3 emissions. Read more on SBTi’s website .
Carbon credit registry Verra has opened a public consultation to discuss how legacy forest conservation and cook-stove projects using past methodologies might transition to its latest methodology. Read more from Verra’s statement here ? .??
An organization of indigenous peoples known as the Peoples Forest Partnership has written to SBTi’s leadership, demanding their voices be heard in discussions around carbon credits for Scope 3 abatement. The PFP echoes a sentiment shared by many organizations in the global south seeking to find new financial mechanisms to sustain climate action.? here ? .
A new study published in Nature leveraged Lidar data to determine that a forest in Mozambique may hold more than twice as much carbon dioxide than previously assumed. The study is a reminder of the value of forest conservation and the perils of forest destruction. Read the study here ? and see coverage here ?.