ClimEase’s Post

If it is the case that that the Department of Climate Change, Energy, the Environment and Water (DCCEEW) are going to stop development of the Integrated Farm and Land Management (IFLM) method, there may need to be work done to establish confidence about the supply of Australian Carbon Credit Units (ACCUs); particularly the origin of the supply. IFLM was supposed to be one of the ways the halted Human Induced Regeneration (HIR) method was to be replaced. With a Carbon Exchange under development there is, perhaps, something to ponder about decisions which may lift ACCU prices, a commodity that is a mandatory component of a regulated emissions reduction compliance framework. I'm looking forward to DCCEEW's paper on offshore carbon credit units.

What the #CSRD means for #CarbonCredit portfolios The CSRD will significantly increase the number of companies required to disclose #sustainability information. The #ESRS recognizes that financing carbon avoidance or removal projects outside the company’s value chain through purchasing carbon credits that fulfill high-quality standards can be a useful contribution towards mitigating climate change. The key requirement concerning carbon credit portfolios is found in “ESRS E1-7 – GHG removals and GHG mitigation projects financed through carbon credits”. Companies under the scope of the CSRD will have to disclose their emissions separately from carbon credits purchased, without aggregating the two. In addition, any GHG removals and storage from a company’s own operations and its upstream and downstream value chain (i.e. insetting) must be reported on too. Great article by Lucas van Doorn from CEEZER. https://lnkd.in/dmxTWMjJ

The joint policy statement and principles provide integrity standards for carbon credits that both the US government and participants in the voluntary carbon market should aim to follow. https://lw.link/F0Opik

Navigating the Carbon Offset Market: Unleash the Power of FLFCO Credits In a world where climate action is no longer an option but a necessity, businesses are actively seeking to offset their carbon footprint. At Lightworkers and Climate Care Innovations, we understand the intricacies of carbon credit investments. That's why we've developed the innovative Full Lifecycle Financial Carbon Offset (FLFCO) certification process, designed to address critical concerns and de-risk your carbon offset investments. 1. Additionality: Our rigorous initial assessment guarantees projects that deliver tangible climate impact, going beyond "business as usual." 2. Permanence: With ongoing monitoring and periodic audits, we ensure long-term carbon reduction, especially crucial for forestry projects. 3. Double Counting: The FLFCO registry system, aligned with the Prolific-Fund Carbon Registry, eliminates the risk of offsets being claimed or sold multiple times. 4. Quality and Verification: By utilizing IPCC GHG reduction software and third-party verification, we validate emissions reduction claims with utmost accuracy. 5. Effectiveness: Our comprehensive approach, including Scope 3 and 4 emissions, guarantees genuine climate impact. 6. Pricing Transparency: Our structured fee schedule provides full clarity on carbon credit valuation. 7. Ethical Implications: Stakeholder engagement is at the heart of our process, taking into account local community and ecosystem impacts. 8. Greenwashing Risk: We emphasize that offsets complement, not replace, emissions reduction efforts. 9. Timing: Our certification process clearly defines when reductions occur, offering accurate temporal data. 10. Regulatory Compliance: Fully aligned with UNFCCC Article 6.4, we meet international standards and ensure compliance. The FLFCO Certification issues Carbon Funding Commitments (CFC), conforming to ISO 14064-2:2019, ISO 14064-3:2019, and the Paris Climate Agreement standards. Each CFC represents one tonne of CO2e reduction or sequestration. Our certification extends across diverse sectors, including Ag Soil Remediation, Ecosystem Restoration, Biochar, Renewable Energy, and more, aligning with result-based climate finance (RBCF) principles. Join us on this journey to make a real difference. Discover how our FLFCO credits offer a de-risked carbon offset investment opportunity, striking the perfect balance between climate action and financial prudence. #CarbonCredits #ClimateAction #SustainableInvesting #FLFCO #Lightworkers #LightworkersAdvisory #ClimateCareInnovations #Sustainability #NetZero

While the EU only accounts for about 8% of global CO2 emissions, it holds a historical responsibility as one of the earliest industrialized regions. The EU is thus seeking solutions to address the urgent challenge of climate change. The European Parliament voted in a Carbon Removal Certification Framework to pave the way for the development of carbon removal solutions. But what are the opportunities and limitations? And who is concerned by this initiative? Find out more: https://lnkd.in/eJFeMVYb

EU legislators recently reached a provisional political agreement on a world-first regulatory framework for the certification of carbon dioxide removals (CDR). CDR encompasses a wide range of nature- and technology-based activities that permanently or temporarily remove carbon dioxide from the atmosphere. While CDR is a part of the EU’s plan to reach net zero greenhouse gas emissions by 2050, it has not yet been incorporated into many of the EU’s climate policy vehicles, such as its Emissions Trading Scheme (EU ETS). The now-agreed upon Carbon Removal Certification Framework (CRCF) paves the way for the EU to incorporate CDR into its climate policies in practice, and to eventually establish a registry allowing a market-based trading of CDR “units.” Learn more: https://bit.ly/48ra2jK By: Kenneth Markowitz, Alan Yanovich, Brooke Davies, Hannes Sigurgeirsson #Environment #Carbon #ClimateChange

SBTI to consider carbon credits in the abatement of Scope 3 emissions The Science Based Targets initiative (SBTi), one of the key organizations focused on aligning corporate environmental sustainability action with the global goals of limiting climate change, announced plans to extend the use of environmental attribute certificates, such as emissions reduction credits, to tackle Scope 3 value chain emissions, in its standard for corporate net zero target setting. The use of energy attribute certificates under the revised standard would be limited to abatement of Scope 3 emission, and the board said that the standard would include “specific guardrails and thresholds as well as the rules to be applied for these certificates.” The board added that the SBTi will not be involved in validating carbon credits, leaving it to other organizations “better positioned to deal with this activity.” In its statement, the board said that the SBTi will aim to issue a draft including basic rules, thresholds, and guardrails for the potential use of environmental attribute certificates by July 2024. #ghgemissions #scope3 #netzero #carboncredits #carbonmarkets #vcm #sbti https://lnkd.in/e4wkd_Yq

🗳️🌍 Today the European Parliament formally adopted the Certification Framework for Carbon Removals (CRCF), following on from the preliminary agreement reached in February.    Although it represents an improvement to the Commission's original proposal, it fails to incorporate key guardrails on the use and limitations of future carbon removal certificates.    Our 🔑 observations:  🔺 A first definition for carbon removal in EU policy is established. 🔺 Uncertainties remain regarding the inclusion of associated emissions in the quantification of units. 🔺 The framework falls short of explicitly directing towards financing models other than conventional offsetting. Overall, there is a risk of overestimating the climate benefits of units certified by the framework and a risk of greenwashing emissions which could otherwise have been abated❗️    In case you missed the last updates on CRCF, check out our press release on the preliminary agreement, from February 20th 👉 https://lnkd.in/d-396Ynm     For more information on the credible use of carbon dioxide removal to achieve our climate goals, read our NEGEM Project report here 👉 https://lnkd.in/gdMDm3tw     #crcf #carbonremovals #carbonemissions #negem #netzero 

The Swedish government is preparing a support system for BECCS which will subsidise carbon removal credits for the voluntary carbon market. We argue in this new paper with Malin Dufour and Lars Zetterberg that this subsidisation risks delaying emission reductions among corporates, in other words causing mitigation deterrence. In the case of Swedish BECCS carbon credits, the subsidisation is linked to allowing the double claiming of mitigation outcomes. We also suggest how the associated environmental integrity problems could be avoided through an approach that combines proportional attribution and corresponding adjustments (or mimicked corresponding adjustments if/when necessary).

MEPC 82 featured important progress in the ongoing development of the IMO’s “mid-term measures” to cut GHG emissions, ahead of key decisions to be made in 2025. #decarbonization #greenenergy #greenammonia #greenenergysolutions #greenhydrogen