Are you interested in learning more about Avoidance Projects?
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?
November: UN Climate Change Conference (COP29) in Baku, Azerbaijan.?
December 11th: Join ClimateSeed's webinar "Navigating Avoidance Credits: Best Practices for Impact"
?? Top Environmental News Highlights & Policy Updates
1?? Advancing carbon markets with Article 6
After years of stalled negotiations, COP29 reached a major agreement on Article 6, aiming to boost carbon markets for deeper emissions cuts. The deal enables countries to trade carbon credits under transparent standards, but further refinements are needed to ensure fairness, particularly for Nature-based Solutions and Indigenous communities. Read more.?
2?? The EU approves first carbon removal certification framework
The EU has approved its first certification framework for carbon removals, carbon farming, and carbon storage in products. This voluntary regulation aims to boost high-quality carbon removal and soil emission reduction activities as part of the EU's 2050 climate neutrality goal. The framework includes certification criteria, independent verification, and robust monitoring to ensure environmental integrity, with a centralized EU registry planned for transparency.
3?? The EU mandates corporate sustainability consultations by 2025
The EU’s CSRD requires companies to report on sustainability, starting January 1, 2025, for large firms and listed companies with over 500 employees. These companies must consult staff representatives on sustainability issues during annual discussions on strategy and finance. This aligns with new requirements for publishing sustainability reports, including auditors' input. Companies should prepare for compliance with these new consultation standards.
4?? Cercarbono approaches full CORSIA approval
Cercarbono, a leading carbon standard, is nearing full alignment with CORSIA requirements, holding conditional approval with only a few steps remaining. The organization is focused on transparency and integrity, refining its processes to secure full compliance and support credible climate action, particularly in Latin America.
Our Recent Visit
?? Beloeil, Quebec
Last Summer, our Carbon Project Analyst, Delaney Keys visited Will Solutions in Beloeil, Quebec.?The Sustainable Community Project in Canada aggregatesmore than 800 carbon reduction micro-projects in various sectors, including energy efficiency and waste management. The project's main objective is to bring together up to 10,000 customer facilities in a "sustainable community" to reduce GHG emissions from low emitters that account for nearly 70% of Quebec's GHGs and for which reductions are unaffordable for most. Pioneering and innovative, this is the first project to develop a new world-class methodology (VM0018) to benefit these micro-projects from the carbon credit mechanism.
The Sustainable Community Solution targets to preserve economic prosperity, develop a positive attitude toward climate change, and transform the way we do business while protecting the environment. This project encourages, quantifies, and clusters together small individual GHG reduction efforts into a large aggregate volume, which can then be converted into the highest quality carbon credits. The project also includes energy-efficient buildings, promotes fuel switching, and diverts industrial and commercial waste from landfills by composting or recycling.
The Sustainable Community's success lies in its capacity to unite small businesses and local governments, often overlooked in climate change efforts, by providing them access to voluntary carbon markets and green financing. ?Since the beginning of the Sustainable Communities project, 8.1 million tonnes of greenhouse gases have been reduced. By promoting eco-friendly practices, it bridges the gap between economic profitability and environmental responsibility, turning challenges into opportunities.
领英推荐
??Register for our Webinar
We are excited to invite you to an upcoming webinar on Wednesday, December 11th at 2:00 PM CET, focusing on the critical role of carbon avoidance projects.?Our expert panel will be composed of ClimateSeed’s very own Head of Projects & General Counsel, Jessica Denoyelle-Batta?a, along with our Carbon Project Analyst, Delaney Keys.?We are honored to additionally welcome Ann Koontz from Relief International, and Martin Dilger from UPM Umwelt-Projekt-Management GmbH.
During this webinar we will explore how these initiatives are essential in preserving carbon sinks, supporting the decarbonization efforts of developing countries, and understanding key market KPIs. Together with Relief International and UPM, we'll discuss how improved cookstoves and biogas programs are driving sustainable impact in communities worldwide. This is a unique opportunity to gain valuable knowledge on how these projects are contributing to a more sustainable future.
Don't miss out, register now to secure your spot!
?? Articles?
We have prepared?in-depth articles to provide you with a complete understanding of Avoidance Projects:?
Along with, a follow-up from?COP16:?
?Spotlight on a ClimateSeed Collaboration?
Toroto is a?Mexican Nature-based Solutions project developer?that focuses on regenerating ecosystems and creating sustainable solutions for land conservation and climate resilience. Their work includes reforestation, soil restoration, and biodiversity conservation, with an emphasis on engaging local communities to ensure long-term stewardship of natural resources. By integrating scientific research and technology, Toroto develops customized strategies that address the specific ecological needs of each region they serve. Working alongside ClimateSeed, Toroto ensures that their carbon projects are accessible to global supporters and provide long-term positive impacts.
José J. Reyes, Toroto's Sales and Project Development Director?joined us for the webinar: Nature-based Solutions and Local Communities: The Mexico Story on October 23rd. If you missed it, don't worry, we have the replay available.?
A big thank you to ClimateSeed for visiting our Sustainable Community in Quebec and sharing its story! This partnership exemplifies how innovation and collaboration can drive significant and high-quality GHG reductions. Proud to be part of this pioneering initiative, bringing together hundreds of low-carbon projects for greener companies, infrastructures and future. ??