How can we help ensure carbon credits reflect their true environmental impact?
As we close 2024, we at Rubicon Carbon see many reasons to be optimistic about carbon markets' future. Take a look at Tom’s thoughts on addressing over-crediting, our latest video explaining how our Rubicon Carbon Tonnes work, Tom and Jen’s live interview at the New York Stock Exchange, and the latest news from the voluntary carbon market.
In this LinkedIn post , Rubicon Carbon CEO Tom Montag suggests three ways to address over-crediting and ensure projects’ credit issuances accurately reflect their environmental impact. Read the article .
What is an RCT??
What is a Rubicon Carbon Tonne?? We’ve compiled a quick video explaining how RCTs reduce buyers' risks and drive finance to impactful climate action. Watch the video .
Check out Tom & Jen’s Interview at NYSE Live.
During New York Climate Week, CEO Tom Montag and Chief of Science Dr. Jennifer Jenkins were interviewed about Rubicon Carbon on the floor of the New York Stock Exchange. Watch the video .
What you should know about the VCM:
In late July, the Science Based Targets initiative (SBTi) released new guidance on Scope 3 emissions, raising concerns about its skepticism toward environmental attribute certificates (EACs) like carbon credits. SBTi’s pivot could disallow climate investments outside of a company’s value chain from counting toward their carbon footprint, potentially limiting much-needed climate finance to Global South projects, such as clean cookstoves. This shift risks undermining equitable decarbonization efforts and reducing vital climate investments, delivering significant human and social benefits. Read the article →
In their final meeting before COP29, the Supervisory Board tasked with setting the rules of a UN-sanctioned carbon market took the unusual step of adopting a new standard without submitting it to the Parties of the Paris Agreement for approval. The new standard will allow the board to begin evaluating carbon credit methodologies, including carbon removal approaches. Read the article →
Companies such as Amazon, Bayer, Walmart, & others committed to a collective $180 million purchase of carbon credits from the Brazilian state of Para, facilitated by the LEAF coalition. The purchase is the largest yet of so-called jurisdictional REDD+ (jREDD) credits—projects that coordinate management across the entire state to lower deforestation rates, avoiding some of the quality concerns of traditional REDD+ projects. Other Latin American countries are exploring the jREDD mechanism as corporate demand for these credits is on the rise. Read the article →