Raphaël LEBEL

Ever felt lost in the biodiversity measurement jungle? 🌿🧭   The Ecosystem Condition Protocol is your guide out – not just by simplifying the path, but by defining it. Think of it as the blueprint, setting the standard for corporate ecosystem condition impact measurement & accounting and market alignment.   I had the pleasure to talk to Thomas Cox of Carbon Pulse about the objectives and governance of the Protocol. Here are some highlights of the linked article (which I strongly encourage you to read for more details).   The Protocol has a similar ambition to the Greenhouse Gas (GHG) Protocol. It will collaborate with existing key initiatives and frameworks such as the #TNFD, #GRI, EFRAG (#CSRD) and the #SBTN to align and build consensus on #ecosystemcondition measurements without duplicating existing work.   The Protocol will follow an open innovation approach similar to the one implemented to develop the #TNFD and will involve stakeholders from around the world, including the Global South.   Set to debut at COP16, this protocol is the framework everyone has been waiting for. It's about equipping businesses with the definitions and rules to measure and account for ecosystem condition on a level playing field. 🌍⚖️   With a dozen chapters of comprehensive guidance, developed by the dedicated secretariat of a non-profit associated to a robust independent governance, it's the answer to calls for clarity and consistency.   📅 Join the Protocol announcement webinar on 19 June 2024, 16:00-17:00 CET. Register now and be at the forefront of biodiversity accountability! https://lnkd.in/ermjbsfE 💬 Are you ready to navigate the new terrain? Share your thoughts: What's the biggest challenge you've faced in biodiversity measurement?

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#susty #energytransition #ClimateTransition #ClimateWeekNYC #event ============== The current speed and scale of the global #energytransition presents opportunities and challenges. Developments over the last three years have shaken expectations of a linear global transition as climate goals compete with economic development, energy access, energy security and affordability. Sectors at the crossroads of this transition include automotive and mining. Explore this conversation during #ClimateWeekNYC at our September 25 event: Anoop Desai, Head of Sustainable Mobility, S&P Global Mobility Rob Filipovic, Product Strategy Director, Jaguar Land Rover North America Emily Olson, Chief Sustainability and Corporate Affairs Officer, Vale Base Metals Atul Arya, Senior Vice President and Chief Energy Strategist, S&P Global Commodity Insights Register Now: https://okt.to/XwbMjS

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#CDP has rolled out a new integrated format for the CDP full corporate questionnaire, combining all three existing questionnaires across climate, forests, and water security into one integrated questionnaire ! For details, refer below 🙌 #CDP #Climate #Forest #Water #Sustainability

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Day 3 at World Future Energy Summit and an exciting one for the #SMEs who get to take to the stage at the Innovation Zone in Hall 2. We will be looking at gender gap finance, collaborations between corporates & SMEs, biodiversity, and an important SME Survey, showing the challenges and solutions need for the #netzero journey. These conversations are relevant and crucial, as the pressing reality of climate change must inform and guide our path forward. If we, as a country, aim to achieve net-zero by 2050, we must collaborate and work hand in hand with. government, SMEs, and corporates alike—and provide SMEs with the necessary support to thrive with this ecosystem. We are supported here today by many fabulous people: Nadia Boumeziout Aoife O'Loughlin Kyle Weber Tanzeed Alam Jane C. Glavan Susan Graham Marion Désormeaux Karen Storey Jeffrey Beyer Kamal Farah Matthias Gelber Hanan Bakr, CFA-ESG Oisin Commane Nasser Al-Ali Suresh Lalwani Hem Lakhani Chandresh Dhanki Kaoutar Makrache كوثر مكراش Dima Al Srouri Richard Pate Salman Hussain Dr Beatrix Henkel Iris Ann Medalle Jennifer Sault Aruna Narayanan Jonathan Hirasawa Ashton Shargiil Bashir Rana Hajirasouli Oliver Baillie David Wernery Theresa Wernery Tim Morris Rukhsana Kausar Oriol Teixidó Tom Day Dragos Fundulea Jessica Scopacasa Vivek Tripathi Mariam Kvlividze #WFES24 #innovationzone #sustainabity #climatechange #climatejustice

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#susty #webinar #Biodiversity #beyondESG #naturerisk #biodiversityrisk #naturepositive ========= As we look ahead to the United Nations Biodiversity Conference, #COP16, at the end of October, our next Beyond ESG webinar will explore the critical question of how companies and investors can gain the knowledge and capacity to understand, manage and disclose on nature-related risks and opportunities. Register now: https://okt.to/yu1BqL

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Major Update for the Voluntary Carbon Market 💡: SBTi has approved carbon credits for Scope 3 targets. The Science Based Targets initiative (SBTi) has announced they’ll be allowing environmental attribute certificates (including carbon credits), to be applied towards Scope 3 targets. This decision comes due to growing concerns that companies aren’t reducing their emissions quickly enough, especially Scope 3 emissions which for many, (like in the financial services sector), constitute up to 99.98% of their total emissions footprint. Recognizing the challenges companies face in meeting these targets, SBTi's new policy aligns with the Voluntary Carbon Market Integrity Initiative (VCMI) beta scope 3 flexibility claim. This policy enables companies to use carbon credits to cover up to 50% of their annual Scope 3 emissions, providing a bridge towards achieving their climate goals. This could potentially unlock billions in climate finance that is urgently needed. Looking forward to seeing the release of the first draft of basic rules, thresholds, and guardrails for using environmental attribute certificates for Scope 3 abatement by July 2024. This is a pivotal move for corporate climate action, opening up new avenues and possibilities for investment and accountability in environmental impact strategies. #CarbonCredits #ClimateAction #CorporateSustainability #SBTi

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This 230-page guide offers an extensive overview of diverse and complex methodologies, providing a critical reference for anyone in climate finance. Navigating these methods can be daunting ! This document brings them all together in one place, helping to clarify the path to decarbonization. It's a must-read for those dedicated to sustainable investing. Kudos to Julie Raynaud for leading this incredible work! And to the team Stéphane VOISIN Peter TANKOV Vincent Bouchet Adrien Ferrand João Paulo Sertã Dive in and transform your approach to sustainable finance! 🌍 #Sustaain #ClimateFinance #Decarbonization #Sustainability

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👁️🇪🇺The EU Court Auditor (the EU’s external auditor) has the mission to assess the EU’s climate adaptation framework and funding. The ECA released today a key report with results from their audit : https://lnkd.in/dN3d_Bks According to the report, economic losses from extreme climate-related events in the EU averaged €26 billion per year over the last decade. Exposing today’s EU economy to global warming of 1.5 to 3 degrees (conservative estimate…) would result in an annual economic loss of between €42 to €175 billion. A comprehensive report for those willing to understand the EU adaptation strategy and key results of it. The estimated cost of non action is also indicated for some member states 🇦🇹 🇵🇱

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In the past 10 days, I’ve spoken at 2 events which deepened my knowledge on biodiversity credits & ecosystem condition.     On 13/11, I spoke at the Biodiversity & Economy Forum (FBE) on the role of biodiversity credits in France & Europe. Thanks CDC Biodiversité’s David Magnier (also for the photo!) and Yves Chesnot for the invite. My 2 main insights:   1️⃣ Distinguish 5 main tools   - certifications of biodiversity-friendly practices (e.g. no till farming): similar in spirit to other practice certifications such as FSC. Probably what Organization for Biodiversity Certificates is pursuing.   - biodiversity credits: uplift (or avoided losses or maintenance) demonstrated through MRV and should be tradable.   - measured gains: measured uplift but not tradable and do not counterbalance negative impacts. The limited use case means the high verification (the “V” in MRV) & administrative costs of biodiversity credit standards should be avoided for a much lighter monitoring to claim a “contribution” to gains.   - projects favourable to biodiversity (donations): no (or very limited) measurement.   - payment for ecosystem (and environmental) services (ES): increase ES and not biodiversity state. 2️⃣ France is really launching a government-led biodiversity credit scheme The voluntary part of SNCRR includes very interesting ideas.   The framework does not allow secondary trading though. While understandable as a “precautionary principle” until proper guardrails are in place, it will severely limit the pool of buyers. In particular, financial institutions will not buy to de-risk and provide the financing required for capital-intensive ecosystem restorations.     On 19/11, I spote at the ESP Conference. Philip Roche invited me to submit an abstract a few months ago and I’m really happy to have finally attended this academic event! Thanks to Philip & his co-host Fernando Santos-Martin for organizing a great “Assessing Ecosystem Condition [EC]: Integrating Science, Policy, and Practice” session.   I updated my knowledge on the state of the art of EC measurement (and it was quite intense with half a dozen 10min presentations at a frenetic pace!). My highlights: - urban EC: it is possible to measure EC with high granularity in a city Ariadna Álvarez Ripado, David Alvarez García - UN SEEA application at country level: very insightful to see how ecosystem accounts were built for Germany Marius Bellingen - conceptual framework behind reference conditions (i.e. what is the “100%” when rescaling ecosystem condition from 0 to 100%) & potential options to assess it Bálint Czúcz - evaluation of marine EC: it is possible! Beñat Egidazu     🎉 Back to biodiversity credits… Simas & I are very happy to announce we will be hosting a webinar on indicators & metrics on 12 Dec. 17:00 CET. Mark your calendars! There will be a small surprise too! ➡ Information to join the webinar will be shared to our subscribers so please subscribe to our newsletters!

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We need the full potential of the private sector to focus on both #climatemitigation and #climateadaption. Now. We also need radical and urgent collaboration between state and non-state actors on a scale we have never seen before. These are two reasons why I was very happy to participate in the Pathway to COP29 hosted by the Grantham Institute - Climate Change and the Environment and the Natural History Museum last week as part of London Cimate Action Week #LCAW. How then can the private sector be mobilised? I have a six-point plan for the role of the private sector in delivering climate adaptation: 1.     The private sector can enable access to finance, both seed finance and for scaling. 2.     The private sector has complex supply chains that criss-cross the globe and can enable access to almost everywhere and with it unparalleled last mile distribution. Think community resilience. 3.     The private sector has brands that literally touch billions of lives daily. How might these be harnessed to build awareness and offer advice for climate adaptation? 4.     The private sector is excellent, and quick, at innovation. From technology that gives farmers access to early weather warnings to infrastructure that can withstand extreme weather. 5.     The private sector has so very much data. From air quality to land use mapping. Smart use of these data will be critical to adaptation. 6.     The private sector is already good at partnerships. It knows how to do this, particularly on a pre-competitive basis. So much potential! Why then are we not seeing this at scale? I think in part as the business case for adaptation is less well communicated than for mitigation. Of course ,the ultimate business case is one that recognises there is no business, of any sort, on a scorched earth. But I get told sometimes that this isn’t very helpful. So, let’s break it down. Investing now in climate adaption has three massive benefits: 1.     Enhanced productivity. The number of hours lost as a result of extreme heat is already staggering. 2.     Resilience, resilience, resilience. Particularly supply chains that don’t buckle under extreme weather. 3.     Fostering access to new sources of value creation through providing solutions to a rapidly changing world. Time to crack on!! Thank you to my fellow panellists Laurie Goering David Nabarro Macenje "Che Che" Mazoka Emilie Beauchamp for a welcome dose of inspiration. And big thanks to the European Union Delegation to the United Kingdom for enabling the whole wonderful event to happen.

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With experts like Rose McCulloch, who stay on the cutting edge of regulation, our members gain the foresight to stay ahead of the curve. We talked about how to act in an evolving and complex regulatory landscape. Great to see such interest and proactive engagement on deforestation from various sectors of the supply chain. Members log in to watch again: https://lnkd.in/eXu9dQey

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1 week to go! Come join us for a webinar on CSRD reporting preparation. ⏲ When? -- 13:30pm CET / 5pm IST on April 30 (Tuesday) 🔗 How to attend? -- Register here - https://lnkd.in/dWDsFBFU #csrd #regulatoryreporting #doublemateriality #materialityanalysis GIST Impact | Sustain It Right

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💡 Do you want to learn more about the B Corp movement and whether certification could be useful for your company? Join B Lab Europe and Flagship Impact tomorrow for a free webinar - they'll be guiding you through how you can use the free impact assessment tool & answering any questions you may have. Want extra brownie points? Let me know if you've signed up, I'd love to know who's interested 😃

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Financing sustainable development unlocks promising new opportunities. Research consistently shows that investing in the #SDGs is not only beneficial for the planet but also makes sound economic sense. Estimates suggest that reaching these goals could generate up to US$ 12 trillion in market opportunities and create 380 million new jobs. Additionally, proactive climate action could lead to savings of approximately US$ 26 trillion by 2030 (Business and Sustainable Development Commission, 2017; Better Business Better World; Global Commission on the Economy and Climate, 2018). #SustainableDevelopment #SDGs #ClimateAction #GreenEconomy #Sustainability #EconomicGrowth #FutureOfBusiness #ImpactInvesting"

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Exciting progress in the carbon markets! The International Civil Aviation Organization (ICAO) has recently approved four more prominent carbon standards—Gold Standard, Verra, Global Carbon Council, and Climate Action Reserve—for inclusion in the Carbon Offsetting and Reduction Scheme for International Aviation (#CORSIA). This groundbreaking move enables airlines and operators to offset their emissions by purchasing carbon credits under the first industry-wide system of its kind. The decision has been highly anticipated by voluntary carbon market (VCM) stakeholders, as it is poised to drive significant demand, potentially surpassing the available carbon credits supply. This marks a pivotal moment for sustainability in the #aviation sector! 🌱✈️ #CarbonMarkets #Sustainability #Aviation

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Are our energy systems #transitioning away from #fossilfuels, or are we just pilling up #renewables on top of fossil energy, like French Historian Jean-Baptiste Fressoz has been arguing? Recent data about the US electricity market is sending contradictory signals. ➡ One the one hand, according to the latest Federal Energy Regulatory Commission data, in Q1 2024, solar made up 87% (6,497 MW) of new generating (nameplate) capacity with wind coming in second with 12% (928 MW) and natural gas a very distant third with 49 MW (<1%). ➡ On the other hand, S&P Global Market Intelligence reported at the beginning of May that 133 new natural gas-fired power plants are forecasted to be added to the US grid (>60GW), with another four oil-fired plants under construction or in early development, and two coal-fired plants announced. 🔌📈 The main reason cited by utilities to justify such fossil fuel investments? “Sudden and rapidly rising demand driven by electrification and industrial growth” (in particular data centers; coincidentally, Microsoft’s emissions have risen 30% since 2020 due to data center expansion). 🏭 Such trend could seriously jeopardize the US climate plants, with 2023 emissions from gas plants 39% above 2017 according to the U.S. Energy Information Administration (and surpassing coal emissions for the first time). And that’s not even taking into (full) consideration fugitive emissions from gas wells and pipelines. So transition or piling up? What do you think?

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📉 **New Research Shows Voluntary Carbon Market (VCM) Contraction for Second Year in a Row** Today, new research published by Ecosystem Marketplace reveals that the VCM has experienced a significant contraction for the second consecutive year. Despite this overall decline, the findings highlight a complex and maturing market landscape with some segments showing growth while others declined. 🔍 **Key Findings:** - The overall market transaction volume dropped 56% from 2022 to 2023. - Total reported transaction value was $723M USD. - Contributing factors include negative media coverage and buyers pausing investments awaiting guidance from integrity initiatives. While the market faced a slower year compared to the boom in 2021 and 2022, the diverse performance across different project categories reflects the evolving dynamics of voluntary climate action within the private sector. Read more on the latest trends and insights into the VCM's development. 🌍📊 #VCM #CarbonMarket # https://lnkd.in/gziVE_SJ

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Here's a thoughtful contribution from former Verra CEO and long-time climate finance professional David Antonioli. 💡👏🌍 Key points from Chapter 1: 1️⃣ We need to scale carbon markets, bigly 2️⃣ They aren't perfect, as no solution is 3️⃣ There are practical things we can do to scale them with both speed and certainty I'm looking forward to Chapter 2 on Additionality. Link to David's website in the comments of his post 👇

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