Andrew Douglas’ Post

You can look at this in a number of ways. I am choosing the more positive lens.... Many who have set an NZC goal have done so without a clear understanding of what the N, the Z or the C mean, much less the scale of the challenge to get there. So, for those who set feverishly enthusiastic 'early' dates, this is almost inevitable and in my view, may be a good thing. The alternative is to do what many in the corporate world are doing; cook the carbon books and/or 'invest' in the murky, deeply worrying and almost entirely unverified world of carbon offsets. Whilst this should absolutely not be accepted as a justification for delaying the critical process of decarbonisation, it may be less negative than it first appears and should be a spur to Governments and regulatory bodies to provide the oversight necessary to ensure that the Net Zero Carbon we do reach, is a real NZC rather than the product of an optics oriented and practically, unhelpful carbon accounting exercise ! https://lnkd.in/ey_R76S7

What does the Budget mean for our climate efforts? 📗 🤔 🔽 ▶ the ring-fencing of ETS revenue for future climate projects (the Climate Emergency Response Fund) has been removed as signalled. ▶ but the Waste Disposal Levy will be increased and the law changed to allow it to be used on environmental measures, mitigation and adaptation. ▶ the $1.2bn Regional Infrastructure Fund will focus on climate resilience efforts, such as stopbanks. ▶ increased funding for the Electricity Authority and the Rail Network Improvement Programme. ▶ existing allocated funding from the CERF for the following will continue: the public EV charging network, grants for clean heavy vehicles, decarbonising the public transport fleet, continued public transport concessions for community service card holders, the on-farm emission measurement scheme, and NZ's international climate finance commitment. ▶ funding to help communities recover from weather events, including through restoring roads (although presumably subject to climate adaptation considerations and increasing future resilience by planning for the next events?) ▶ funding cuts to the Climate Change Commission, the Ministry for the Environment, the Department of Conservation, the Carbon Neutral Government Programme, MBIE's Just Transitions programme and its Energy portfolio, the Climate Change Chief Executives Board, EECA's decarbonise transport grants, the Warmer Kiwi Homes, the Climate Resilience for Maori Initiative, for small-scale distributed renewable energy and demand response systems, for considering a high quality voluntary carbon market. ▶ MBIE's circular economy and bioeconomy strategy work and its Energy Emissions Reporting Scheme work has been cancelled. #esg #climatechange #climateaction #sustainability 📷 Seth / Unsplash

🌍 As part of its initiatives to achieve carbon neutrality by 2050, the European Union has implemented additional measures to reduce greenhouse gas emissions in the construction and transportation sectors. To ensure a fair and comprehensive climate transition, the EU has established the Social Climate Fund (SCF). Instituted by Regulation (EU) 2023/955 of the European Parliament and Council on May 10, 2023, the FSC is directly managed by the European Commission. This initiative is a critical component of the #Fitfor55 legislative package, which seeks to reduce greenhouse gas emissions by 55% by 2030, in alignment with the European Green Deal's objectives. The fund's primary goal is to mitigate the social impact of greenhouse gas emissions from buildings and road transport. The #SCF specifically targets vulnerable households and micro-enterprises, as well as vulnerable transport users, providing direct temporary income support and funding for: 🌱 Energy efficiency enhancements 🌱 Building renovations 🌱 Zero and low-emission mobility and transport 🌱 Reduction of greenhouse gas emissions 🌱 Decrease in vulnerable households and businesses, particularly those impacted by energy poverty Between 2026 and 2032, Romania will benefit from an EU contribution of between €5.05 billion and €6.01 billion through this new instrument to protect vulnerable sectors against the effects of the new emissions trading system for buildings and road transport under the revised ETS Directive. Member states are required to develop a National Social Climate Plan (NSCP), approved by an EC Decision, to access the fund. Funding will be conditional on achieving specific milestones and targets related to the measures and investments outlined in their NSCP, ensuring alignment with the EU's climate objectives and the principle of “do no significant harm.” #EUGreenDeal #ClimateAction #SocialClimateFund #SustainableEurope

💼 Offset Credits in Emissions Trading 💨🌍 As the global community ramps up efforts to combat climate change, the role of market-based instruments like the Emissions Trading System (ETS) becomes ever more critical. Integral to the success and flexibility of these systems are Offset Credits. These credits play a vital role in expanding the scope and effectiveness of ETSs by offering an additional, cost-effective avenue for achieving emissions targets. 🍃🔍 Brief #7 in the insightful series by the International Carbon Action Partnership (ICAP) sheds light on the pivotal role of offset credits within ETSs. These credits, generated from emissions reduction projects outside the scope of an ETS, offer a cost-effective and flexible option for entities covered by ETS to meet their compliance obligations. From land use and forestry to renewable energy, these projects span a wide array of sectors, illustrating the diverse avenues for climate action. 🌳💡 The strategic use of offset credits broadens the impact of emissions trading, fostering global environmental benefits. By incentivising reductions in other sectors and regions and enabling more ambitious emissions caps, offsets are a key piece of the climate puzzle. Yet, the integrity of offset credits remains critical, and stringent measures must be in place to ensure their quality and effectiveness. 🌏✅ Given the expanding scope of emissions trading and the introduction of mechanisms like the Carbon Border Adjustment Mechanism (CBAM), how do you see the role of offset credits evolving?💬 #ClimateAction #Sustainability #EmissionsTrading #OffsetCredits #ICAP #CarbonPricing #CBAM #EU #Emissioncalculation #carbonboardertax 

Not surprising to see this coming. However, for SBTi to uphold its credibility, the July draft concerning offsetting Scope 3 emissions through carbon credits must distinctly outline varying responsibilities according to different industries and their associations with the 15 types of Scope 3 emissions. The connections between industries and Scope 3 emissions could be delineated using the three distinct concepts outlined by the UNGPs: cause, contribute, and directly linked

As net zero goals draw near and the Basic Payment Scheme is phased out, conversations with land managers regarding earning income from carbon markets are on the rise. Yet, there remains uncertainty surrounding the terminology associated with this emerging commodity. Recognizing the significance of carbon emissions on the environment and the pivotal role that land management and agriculture can play in reducing them is crucial for safeguarding the delicate atmospheric conditions that sustain human life. It all begins with grasping the terminology. This article delves into some of the key terms commonly used in this context.

For anyone interested in global carbon budgets on discussion at COP, here is a wealth of information on what countries at varying levels of development have left in their carbon budgets over the medium term… https://lnkd.in/edg4PNPP

As net zero goals draw near and the Basic Payment Scheme is phased out, conversations with land managers regarding earning income from carbon markets are on the rise. Yet, there remains uncertainty surrounding the terminology associated with this emerging commodity. Recognizing the significance of carbon emissions on the environment and the pivotal role that land management and agriculture can play in reducing them is crucial for safeguarding the delicate atmospheric conditions that sustain human life. It all begins with grasping the terminology. This article delves into some of the key terms commonly used in this context.

🌍 UK’s New Carbon Credit Principles: A Guide for Sustainable Business Practices This Friday, the UK government unveiled a groundbreaking set of principles for carbon credit usage, marking a significant step forward in climate action. As part of this announcement at #COP29 in #Baku, these principles aim to reduce emissions by 81% by 2035, aligning with the UN's Sustainable Development Goals, particularly SDG 13 (Climate Action), SDG 12 (Responsible Consumption and Production), and SDG 17 (Partnerships for the Goals). 🔍 Key Takeaways: - Additionality and Integrity: Credits should complement direct emissions reductions in corporate value chains, adhering to stringent integrity and additionality guidelines. - Full Disclosure: Businesses are encouraged to fully disclose their carbon credit usage, promoting transparency and accountability. - Long-term Integration: Carbon credits should be integrated into long-term corporate strategies that aim for net-zero emissions, ensuring they support genuine, science-based environmental contributions. 🌏 Implications for Australian Businesses: The UK's initiative offers a blueprint for Australian entities on utilising high-integrity carbon credits effectively. It emphasises the necessity for robust systems to track and validate the integrity of carbon credits, urging businesses to align their decarbonisation strategies with these new standards to mitigate risks and enhance sustainability impacts. As we monitor these developments, it is crucial for the Australian government to consider similar steps, enhancing transparency and collaboration in carbon credit usage to meet our national emissions reduction targets. 📈 Opportunity for Action: This is a pivotal moment for businesses to engage in high-integrity voluntary carbon markets, driving finance towards achieving climate goals. We encourage Australian businesses to evaluate how these principles can be adapted to our context, fostering a responsible and impactful approach to carbon management. 👥 Join the Conversation: What are your thoughts on the potential of high-integrity carbon credits in driving sustainability? How can businesses best prepare for these shifts in carbon credit markets? #Sustainability #ClimateAction #CarbonCredits #COP29 Read more about the UK Government's principles: https://lnkd.in/gxUCv4v2 Mary Stewart Ilona Millar Elisa de Wit

As net zero goals draw near and the Basic Payment Scheme is phased out, conversations with land managers regarding earning income from carbon markets are on the rise. Yet, there remains uncertainty surrounding the terminology associated with this emerging commodity. Recognizing the significance of carbon emissions on the environment and the pivotal role that land management and agriculture can play in reducing them is crucial for safeguarding the delicate atmospheric conditions that sustain human life. It all begins with grasping the terminology. This article delves into some of the key terms commonly used in this context.