Andrew Bonneau

Open Forest Protocol's recent review by Renoster marks a significant milestone in carbon credit verification. Key highlights: 1. First third-party in-depth review of OFP's reforestation methodology 2. Addresses critical issues: conflicts of interest, quality criteria, inclusivity 3. Innovative use of blockchain for transparency This review validates the company's goal: creating a more inclusive, scalable, and high-quality carbon credit system. Such innovations will reshape the Voluntary Carbon Market. OFP's commitment to transparency and continuous improvement is exciting and brings hope to a market that is still taking baby steps to become foolproof. Feel proud, Jeremy. Good for you.

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From the Cato Institute By Travis Fisher Conclusion The Social Cost of Carbon (#SCC) is indispensable in concept but extremely malleable and borderline unworkable in practice. However, difficulty in estimating an important thing doesn’t make the thing itself any less important. It does make the estimator’s job harder, though, and we should be honest about the potential for abuse (by administrations from both political parties) baked into the SCC framework. At the very least, the EPA should not be allowed to print its own regulatory currency by raising the SCC. We at The Dandy Horse, Inc. ask to create The Transportation #Co2 Avoidance Credit Act A #Circular and #Sustainable #Economy geared towards a Greener, Safer #Bicycle #Infrastructure for Commuting Verified #Transportation Co2 #Avoidance #Credits, implemented as an incentive to support the funding of current and local bicycle infrastructure needs, to operate under a system known as Avoid and Reward. Reducing Co2 emissions one bicycle at a time is a good start.  A bicycle commuter emits just 34 grams of Co2 per mile. Any other mode of commuting emits more Co2 per mile. Monetize the total Co2 avoided being produced locally. #VIDAT U.S. Department of Transportation U.S. Securities and Exchange Commission The Carbon Trust Transportation Alternatives PeopleForBikes Urban Cycling Solutions Bikemore

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💥 BREAKING NEWS💥 – BBB will be in New York for Climate Week #NYCW! Catch me with our partners, Puro.earth on Tuesday or Sylvera on Thursday. We’ll also be joining Mangrove Systems for the Central Park run 🏃‍♂️. Thank you, Brandon Vlaar, for the invitation. We’re ready to pitch with a stitch ⛑️. Our Innovation Manager, Shefali Bagaria, will be with Flowcarbon on Monday and Newlab Climate Futures on Thursday if you want to speak to the BBB carbon expert on Biochar Carbon Removal. 🔊 Why Climate Week? Well, this is the perfect opportunity for Black Bull Biochar to officially launch our round. 🚀Our Mission: To rapidly scale carbon removal technology and create the highest quality biochar and carbon removal credits in the world. What makes us unique?  🏭 Scalable, proven biochar production facilities 🌱 Tailored biochar for maximum impact in agriculture 🦾 End-to-end carbon integrity through our unique software solution 🤝 Outstanding, limitless partnerships, from feedstock to farmland 🤑 Our Ideal Investors: Financiers who focus on scale and impact; they operate in the real world, enjoy CAPEX, drive product innovation, and support our Carbon Integrity Strategy. Drop me or our Finance Manager, Megan Evans, a message if interested, or try to find me in New York amidst the chaos. ✍ Want to learn more about BBB first? Check out the thetechnetwork.io Tech Talks: The People and Planet Podcast (https://lnkd.in/emjFbsyQ). Thank you Lee Watton for inviting me. The pod gives you more depth on our traction to date and highlights the scale of the carbon removal challenge. We also discussed the excitement around Greater Manchester ecosystem. In particular, it's great to see the new Greater Manchester Combined Authority Business Investment Fund going from strength to strength and to see Sustainable Ventures launch their new northern branch there (kudos to Andrew Ruffler and Niamh Donovan). 👏 This podcast was also a rare chance to give credit where credit is due. Shoutouts to Federico M. and David Rochat for the forward-thinking spinout vision from dss+, and to Saran Sohi for the ambition, approach, and contacts to get BBB off the ground through The University of Edinburgh. Last but not least, this would all have been impossible without our existing funding from the Department for Energy Security and Net Zero. 🙏 Here’s to the BBB team taking it to the next level! Hamish Creber, Nicholas Hughes, Darren Christopher F., Emma Claughton, Adrien Koo, Megan Evans and Shefali Bagaria.

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🇺🇸 💵 Breaking: U.S. Government backs high-quality voluntary carbon market 💵 🇺🇸 📣 This morning, key high-level public officials from the U.S. - including Treasury Secretary Janet Yellen, Agriculture Secretary Tom Vilsack, and Energy Secretary Jennifer Granholm - released an endorsement of the voluntary carbon market (#VCM) as a key vehicle to fight climate change. It came alongside a set of principles to strengthen this mechanism and preempt some of the issues the VCM has faced over the years. 💰 The stated purpose is to direct private capital towards effective decarbonization efforts through responsible participation in the VCM. The main announcement: 1️⃣ Encourges the private sector to participate in the VCM. 2️⃣ Considers that credits are complementary to emission reduction efforts. 3️⃣ Pushes for participation in the VCM to “help technologies for carbon removal become more cost-effective in the future and support greater purchase volumes of associated carbon removal credits.” It lays out so-called “Principles for Responsible Participation”, namely: ➡ Focus on High-Quality Credits ➡ Permanence ➡ Robust Monitoring, Reporting, Verification, and Validation (MMRV) ➡ Co-Benefits ➡ Emissions Reduction Priority 💪 Why is this important? This endorsement of the VCM by the largest economy in the world sends a strong signal that the VCM is here to stay. It acknowledges past issues and provides a clear, government-backed, path for how we can raise the bar and realise the potential of the VCM. 🔗 Check out the press release here: https://lnkd.in/drbYmhWx ❓What is your take? Do you agree with this approach? Is the VCM here to stay? #carbonmarkets #carbonremoval #climatepolicy #cdr

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Check out some of out Climate Solutions Portfolio (CSP) registrants - the programs and solutions to decarbonize the making of our clothes... #climatesolutionsportfolio #fashionclimatefund #apparelimpactinstitute

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🌎 The Voluntary Carbon Market (VCM) is essential in mitigating climate change, but its success depends heavily on the rigorous and honest methodologies used by participating organizations. Recently, Renoster conducted an evaluation of Open Forest Protocol's (OFP) methodology for afforestation, reforestation, and revegetation (ARR). OFP's approach includes significant innovations aimed at improving quality and addressing major challenges in the carbon markets. We commend their efforts in taking action to come up with tangible solutions, and hope their work acts as a catalyst for improved methodologies across the broader market. 🔍 Key Innovations in OFP’s Methodology: 🌱 Tackling Conflicts of Interest in Carbon Verification → OFP's unique system utilizes randomized, multiple Validation and Verification Bodies (VVBs) to enhance the credibility and independence of carbon verifications. 🌱 Setting High Quality Standards for ARR Projects → Strict standards allow only genuine native forest restoration, setting new benchmarks in additionality and ecological impact and surpassing standards like Verra and Gold Standard. 🌱 Empowering Small Farmers with Accessible Technology → An automated, app-based system opens carbon market access to small landowners and simplifies verification, enhancing project viability and promoting community involvement. 🌱 Advancing Transparency in Carbon Accounting → OFP ensures public access to critical data like project locations and tree measurements, encouraging accountability and letting stakeholders directly assess project impacts. While we do offer suggestions for further improvement in our review, we find OFP’s approach to be incredibly rigorous and free of conflict especially in comparison to other existing methodologies. OFP is among those leading the way with better standards and solutions that genuinely address issues that have plagued the VCM, and the credits issued through their approach will likely be some of the best in the VCM today. 🎬 If you’re interested in learning more about OFP’s methodology, have questions, and are eager to engage in conversation, we highly encourage you to attend our upcoming webinar, "Setting a New Standard: How OFP’s Methodology is Shaping the Future of Carbon Credits". Our lineup includes Renoster team members Elias Ayrey (PhD) and Mary Ignatiadis, OFP team members Jeremy Epstein and Aureline Grange, and Robbert van Doorn from Green Horizon to provide a project operator perspective. We will share more about this event in the upcoming weeks and look forward to digging in with all who attend! Register here: https://lnkd.in/gA3M6eiy In the meantime… 💡 Read our full review of OFP’s methodology: https://lnkd.in/ggc-VxyT #DeepTransparency #VoluntaryCarbonMarket #CarbonMethodology #ARR #CarbonVerification #CarbonAccounting #ClimateTechnology #ClimateSolutions

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👏 Renoster ratings agency just published an in-depth review of Open Forest Protocol's reforestation (ARR) methodology! This review represents the first time a third party has undertaken and published an in depth review and analysis of Open Forest Protocol. Our team has aimed to remain transparent, honest, and adaptive in how we share our methodologies, activities, and future vision for the protocol and the Voluntary Carbon Market. Renoster granted us an incredible opportunity to put our system to the test through a thorough, honest, and evaluative review. As a new standard for reforestation (ARR) credits, we hope that this assessment helps capital providers, project developers, and off-takers alike to gain confidence in a new paradigm where inclusivity, scalability, and quality are not at odds, but mutually attainable with Open Forest Protocol. 🌲Key general findings from the Renoster review of Open Forest Protocol ARR methdology: 1. Tackling Conflicts of Interest in Carbon Verification. 2. Above-average Quality Criteria for ARR projects 3. A System for Small Farmers and Large Scale Projects Alike 4. Transparency Through a Blockchain-Based Platform Renoster also shared recommendations for refining our best-practices into the future! Read the full review and please know our team is available for any questions, comments, or feedback. Thank you once again to Renoster for their hard work and dedication to thorough, honest evaluation to shape the landscape of the VCM for decades to come. Read the review here: https://lnkd.in/ggc-VxyT Read our methodology here: https://lnkd.in/gynDe2Rg Get in touch with us here: https://lnkd.in/g2VTZV2h Sean Penrith, Jaxon Love, Anton Root, Diego Saez Gil, Anna Lerner Nesbitt, Andrew Heald, Lulu LaViolette, Jill Brachhausen Orhun, Fred Campos, Chandler Van Voorhis, Rhett Ayers Butler, Elizabeth Lokey Aldrich, Fernando Campero, Nerea Escribano, Kim Raath, PhD, Scobie Mackay, Dan Harburg, Mathew Jeffrey, Zoe B Hall, Alexia Kelly, Braydon Delgado, Hope Bristow, Paulo Quadri , PhD., Julia (Osterman) Strong, Juliet Munroe, Diego Parra, Aaron Minnick, Catherine Adam-Albarracin, Michael Grohmann, Adrian Wons #carbon #methodology #carboncredits #review #Renoster #report #forest #green #blockchain #greenfinance #climateaction #climatechange #carboncredits #afforestation #reforestation #regeneration #future

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Some welcome news and progressive climate leadership from the Biden-Harris Administration. The Administration’s new Principles for Responsible Participation in the Voluntary Carbon Market state the obvious, but pave the way for demand that has been sat on the sidelines to now step in and step up. At emstream and emsurge have been working tirelessly on principles 6 & 7, contributing to efforts that improve market integrity and facilitating efficient market participation and succeeding in lowering transaction costs. Through our emsurge platform we are proud to have lowered transaction costs for many of our users. Through our collaborations with BeZero Carbon, Sylvera and Renoster we promote the importance of high quality credits. In addition to stimulating the demand side, it's great to see a government also supporting the tech innovations and cultural shifts in farming practices required to get to net zero. https://lnkd.in/dJnwwWfX #whitehouse #climate #vcm #volutarycarbonmarket #netzero #trading #markets #commodities #oilandgas #lng #carbonoffsets #carbonneutrallng #carbonneutral #sustainability #carbon Alexander Perrett Rodolfo Grave Lucy Camp Andrew Weiner Hugh Roper

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While you’ve been busy with carbon, net zero and nature transition risk taking your #TNFD LEAP assessment, staying in compliance with #CSRD and preparing for #EUDR; nature’s physical supply chain risk is already here! and it’s going to wreak havoc on entire sectors, companies and markets. Not in 2050, but between now and 2030, we are going to see a massive value destruction of up to 30% drop in NPV (source: Vivid Economics) from food supply disruptions, soil degradation, zoonotic diseases, anti microbial resistance and other nature related risks. If the private sector doesn’t wake up and invests trillions of dollars in regenerating our water, soil, biodiversity and ecosystems, it is going to be too late.. Insurance companies and re-insurers are best positioned to fund, research and mitigate nature risks but instead of keep asking ‘Who is paying’ (the premiums), they should start asking (and paying) to understand ‘Who is at risk’ and for how much, then start building parametric insurance products with the private sector to mitigate nature risk. #naturefinance #naturerisk #natureinsurance #naturecantwait

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Forest Trends' Ecosystem Marketplace is thrilled to announce the publication of our flagship report, 2024 State of the Voluntary Carbon Market, which offers insights into key trends and developments related to international voluntary carbon credits: https://lnkd.in/g4K_S33Z

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💭Do you have an amazing idea of how to create demand for carbon dioxide removal (#CDR)? 💭   💡Applications for Stripe's Climate Fellows are now open and seeking answers on how to scale CDR to ~50-100 million tons and ~$20 billion per year by 2030. 👀 Don’t miss out on this opportunity: Stripe will cover one year's salary and other critical expenses! 💥 The inaugural Stripe Climate Fellows cohort will start in Sept 2024, looking for fellows who have ambitious but feasible proposals to grow demand for carbon removal by 2030. 🎯 They want a demonstrable near-term path to implementation for initiatives that wouldn’t happen without your intervention, and spur CDR demand that wouldn’t materialize otherwise. 🔒 Open to ideas for permanent CDR that are tech-neutral or pathway-specific, and agnostic to mechanism (i.e. regulatory or subsidy) and geography (i.e. single country, multi-country). 📣 Particular excitement is lauded at ideas that motivate an industry that currently isn’t buying CDR, demonstrate effective and replicable political outcomes, build interest from concentrated industries, advance CDR based on co-benefits, and are focussed outside of the US. ⁉️ I love to see new initiatives investing in knowledge for the industry and championing burgeoning ideas - I can’t wait to see what bright minds come together for this! 🔗 Apply by July 15th at this link - https://lnkd.in/dzEQkz63 👏 Well done to Stripe's amazing climate team who keep driving the CDR industry, including Nan Ransohoff, Jane Flegal, Hannah Bebbington, Lauren Polansky, Joanna Klitzke, Florian Maganza, Frauke Kracke, Neal Ulrich, and Belal Aftab. #climatejobs #carbonremovaljobs #climateopportunities #climatepolicy #netzero #climatechange #carbondioxideremoval

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Eeep, Climate Art 101 starts tomorrow! In this 6-week course you'll learn how to use art as a tool to simplify topics in climate change. For my friends who have been thinking about joining, you can still get the early bird pricing and register here: https://lnkd.in/g5K8qwUd

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🚀 Thrilling News In The World Of Climate Tech! 🌍💡 The latest report from PitchBook reveals a staggering $8.1 Billion raised by climate tech startups in Q1 of 2024. 📈 This near-record amount signals a robust resurgence after a quieter end to 2023, indicating that the slowdown may have been just a blip. Despite a slight decrease in the number of deals, the value soared by nearly 400%, with investors showing keen interest in materials like green steel and battery minerals. 🔋💰 Leading the charge were early-stage firms like Climate Capital, Lowercarbon Capital, and SOSV, with notable deals including H2 Green Steel's $4.5 Billion raise for sustainable steel production and Ascend Elements' $162 Million boost for battery recycling. 🌱💰 These investments are not only bolstering innovative technologies but also paving the way for a greener future. As we continue to navigate the "valley of death," lessons learned from companies like H2 Green Steel and Ascend Elements will shape the trajectory of climate tech investments. 💡💼 With the world's transition to net-zero carbon emissions on the horizon, the opportunities for investors and founders alike are immense. 🌍💸 Let's keep pushing forward towards a more sustainable tomorrow! 🌱🔋 https://lnkd.in/gvPUaNgU #ClimateTech #Sustainability #InvestmentOpportunity #ClimateFinance #GreenFinance

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Starting in a just a couple hours! Register now to Join USBI panelist Myles Gray, P.E today (May 28) @ 9 a.m. PT/12 p.m. ET for the Flowcarbon - CarbonSmart Conversations webinar. They will discuss all things biochar, from project finance and development to credit sales and investment needed to scale. Biochar is today’s leading carbon removal technology by far — yet last year attracted only 12% in #CDR funding. What is creating this funding gap — and what will it take to fill it? “Carbon Finance: Unlocking the Potential of Biochar” features: 👉 James Bakos, President + CEO, Titan Clean Energy Projects 👉 Myles Gray, P.E. Grey, Program Director, US Biochar Initiative 👉 Joseph Kochanski, Head of Operations, Americas, Puro.earth 👉 Martin Kessler, Chief Business Officer, Flowcarbon Moderated by Caroline Klatt, Co-Founder + COO at Flowcarbon Learn about the pivotal role biochar can play as a sustainable solution to climate change. Register for free now: https://lnkd.in/gkZUFD6F

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Gearing up for another "taster" offering of Energy System Science and Practice, and also surfacing more data that align with the 10 metrics of "regenerative" health from a "flow network" perspective. Ensuring there are robust #flows of crucial resources (energy) to and through the collective body is foundational to regenerative #health. Here is evidence that we are NOT where we should be economically (and socially) in this respect: "Losing a job can be devastating for anyone, regardless of income level. But it can be especially turbulent for those already living paycheck to paycheck or without alternative sources of income. "Much of the displaced low-wage workforce was in an economically precarious position before the #pandemic. They earned average hourly wages of only $10.40 per hour, less than a third of the average hourly wage of the displaced mid/high-wage workforce ($33.80 per hour), and equal to only $22,000 annually if working full time. Some displaced low-wage workers may have been able to fall back on the income of other family members, but even before pandemic-induced job losses, about two in five were living below 200% of the poverty line, suggesting lean finances to begin with. "By contrast, only 7% of mid/high-wage workers lived below the 200% of the poverty line. (200% of the federal poverty level is equivalent to about $40,000 per year for a family of three in 2018 dollars.) More than one in four low-wage workers were receiving safety net benefits such as food assistance or Medicaid. "The demographic characteristics of the displaced low- and mid/high-wage workforce also reflect the fault lines in our #economy. The displaced low-wage workforce is far younger, more racially and ethnically diverse, and have completed less formal education than the displaced mid/high-wage workforce." More about low-wage workers and economic displacement here - https://lnkd.in/gEYtniq3

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The SBTi just published an evidence review that pretty comprehensively trashes carbon credits: "[V]arious types of carbon credits are ineffective in delivering their intended mitigation outcomes." "There could be clear risks to corporate use of carbon credits for the purposes of offsetting. This includes potential unintended effects of hindering the net-zero transformation and/or reducing climate finance." "All Tier A evidence challenge the legitimacy of offsetting claims, arguing that treating carbon credits as fungible with other sources, sinks, or reductions of emissions is inadvisable, illogical, or damaging to global mitigation goals." https://lnkd.in/eJfTuPyD

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