Just about ready for la rentrée?
In this edition, we are delighted to share with you the highlights and progress of our ClimateSeed business, as well as the latest news from the carbon market.
Key Dates?
September: New York Climate Week will be taking place in New York City.?
September 24: ClimateSeed's webinar on "IFM Projects in the Voluntary Carbon Market:?The Case of American Forests"
October: UN Biodiversity Conference (Biodiversity COP16) in Colombia.
?? Top Environmental News Highlights & Policy Updates
1?? Indonesia Advances with its New Carbon Market Initiative
Indonesia's incoming president plans to establish a new agency, BP3I-TNK, to manage climate change control and carbon trading directly under his office. The agency aims to boost carbon credit use and streamline regulations, potentially collaborating with international carbon registries like Verra. Indonesia, already a leader in avoided deforestation projects, seeks to expand these initiatives across major forest areas. In 2022, Indonesia implemented a moratorium?on the issuance of carbon credits post-2020; project developers active in the country have?been expecting regulatory clarity for the country's carbon market since.
2?? Verra Launches Pilot Phase of Comprehensive Scope 3 Standard (S3S) Program
Verra has initiated the pilot phase of its Scope 3 Standard (S3S) Program, a groundbreaking initiative designed to empower companies with a robust and credible framework for accounting and reporting on Scope 3 emissions reduction activities across their value chains. This program aims to address the complexities associated with Scope 3 emissions, which often involve indirect emissions from upstream and downstream activities, by providing standardized methodologies and guidance. By participating in this pilot, companies can enhance their transparency, meet stakeholder expectations, and contribute to global climate goals with greater confidence.
3?? Prioritizing High-Quality Projects can Better Support Global Climate Goals
Many companies incorporate climate contribution into their net-zero strategies, but the quality of these contributions varies significantly. The quality is assessed across four key dimensions: project risk levels, age of projects and credits, cost of credits, and location of implementation. While the Voluntary Carbon Market has room for improvement, there's a significant opportunity for companies to enhance their climate impact by selecting higher-quality projects. By prioritizing more reliable contributions, companies can be crucial in ensuring the market better supports global climate goals.
4?? ICROA Grants Conditional Endorsement to Carbon Standards International's Global C-Sink Registry
ICROA has granted a conditional endorsement to Carbon Standards International’s Global C-Sink Registry, which publicly lists carbon sinks verified by third-party certifiers. This endorsement is a step toward formal approval and allows projects to use "ICROA endorsed" in their materials.
Upcoming Event
?? IPEM Paris 2024
ClimateSeed will be exhibiting at the IPEM trade show at Palais des Congrès from September 9th to 11th 2024. Meet our experts at stand M149 - level 1, Hall Ternes.
For more information on climate contribution projects??
?? Contact
?? Our platform
?If you would like to move forward with purchasing carbon credits, contact our team or visit our platform.
??Register for our Webinar
Join our webinar: IFM Projects in the Voluntary Carbon Market: The Case of American Forests.?This webinar will explore the impact of climate change on forest ecosystems and the role of Improved Forest Management (IFM) in mitigating these effects. Topics include an overview of IFM, additional certifications, methodologies in the USA, key considerations, and the relationship between IFM and the Voluntary Carbon Market, along with a deep dive into specific IFM projects in the USA.
?Spotlight on a ClimateSeed Collaboration?
In addition to completing ClimateSeed's internal Project Evaluation Framework, our team also reviews if the projects have been rated by a 3rd party, such as Calyx Global, to remove any potential biases. Additionally, ClimateSeed works with Calyx Global to narrow down quality projects when sourcing new credits.?
Calyx Global is a carbon credit ratings platform that uses peer-reviewed frameworks to assess the GHG integrity, SDG contributions, and environmental and social risks of carbon projects. In a comparison of rating agencies performed by Carbon Market Watch, Calyx Global came out on top for its rigor. To date, they’ve rated over 550 projects from Nature-based Solutions to emerging technologies. Along with, in-depth analyst notes we use in our assessment, are available on the platform. In order to avoid any kind of speculation on carbon credits, ClimateSeed does not allow their resale and therefore only allows end-customers with a clear and ambitious emission reduction policy to purchase carbon credits. Read more: https://climateseed.com/blog/project-selection-process