Nori’s Post

STBi tweaks Net-Zero Standard for businesses and discovered the most common barrier to target adoption was found to be measuring – and mapping ways to reduce – Scope 3 (indirect) emissions. If this is something your business is experiencing, get in touch to find out how we can help you on your journey.

There is a growing amount of documents that outline the principles for high-integrity voluntary #CarbonMarkets; the latest addition is from the US Government today. Just search online for guidance or principles for quality or high-integrity #VCM. Has anyone counted how many there are? It feels like another one comes out every month these days. I'd say most of these documents have very similar content. Of course, some nuances are different depending on the stakeholder issuing the document and whether they focus solely on supply, demand or both. Some are issued by governments, sometimes as legal acts, others from a wide range of non-state stakeholders. This proves that we all know what is important and what needs to happen. Outlining it in more documents is probably not what will move the needle. And the market players won't have time to keep up. The communication aspect needs more attention, though. It’s not only about getting the practical details in standards and methodologies right. Crucially, the credibility of the #VCM also depends on how the stakeholders in this fragmented market can communicate the improvements. Getting the good news out there is challenging because bad news sells so much better. That’s a tough nut to crack. There needs to be a joint effort where the carbon market stakeholders come together with consistent messaging and communication plans to turn things around. What does not help? When stakeholders keep publicly fighting over reductions versus removals or tech removals vs nature-based. Carbon markets need high-quality projects to deliver all of these.

The proliferation of methodologies is creating added burden on #VCM market participants. Rick Berg and I explain why Nori has chosen to invest in the development of #CDR methodologies that promote rigor, transparency, and accessibility while publishing them under a Creative Commons license for others to use freely.  Unifying around common standards in the definition of credit types (through common methodologies) will allow for more efficient and scalable foundation to promote market growth. We believe the market should compete on services and products, not methodologies.

Yesterday, the largest registry in the VCM - Verra - submitted their Verified Carbon Standard (VCS) for assessment against the Core Carbon Principles (CCPs) by the Integrity Council for Voluntary Carbon Markets (ICVCM). 🌐 This marks a significant stride in advancing the ICVCM's mission to set a quality standard for VCM credits. 🌐 The volume of credits initially submitted under methodologies may be limited. 40% of credits are under methodologies Verra has not submitted, awaiting updates next week and into 2024. A further 58% of issuances are under CDM methodologies. This leaves only 3% of issued credits under methodologies we expect have been submitted. 🌐 Nonetheless, with plans to submit methodologies such as the much anticipated consolidated REDD release on Monday, this is a welcome development for the VCM. ClearBlue clients received this analysis *yesterday*. Stay current with all VCM developments by subscribing to our VCM market intelligence service. Contact us here: https://lnkd.in/gDfUevJG https://lnkd.in/eiaVQrZN

In a recent interview for DNV's Maritime Impact, Pål Berg Lande, Digital Business Development Director at DNV, and Lars Pedersen, Chief Technology Officer at Frontline Management AS outlined how the European Union’s Emissions Trading System (EU ETS) affects the maritime sector and how DNV’s Emissions Connect solution can support with navigating the changing environment. Pål said: “The introduction of the EU ETS has created a paradigm shift. While the ETS itself does not mandate daily reporting, the financial implications of emissions costs necessitate daily management of emissions data.” Lars also highlighted: “Having accurate, trusted data, delivered in a timely and cost-efficient way, and verified by a recognized classification society like DNV, provides it with a level of trust and security. This generates confidence throughout our own operations and helps a lot in commercial settlements.” Read more in the Manifold Times: https://lnkd.in/gPBxbbZw #Maritime #Emissions #MaritimeImpact

Access infographics, ACT labels, ESG reports, videos and more to learn how our gas-phase instruments contribute to lowering your environmental impact. Read more: https://bit.ly/3TW6MYF #gaschromatography #gcms #sustainability

The guide provides a framework for aligning corporate carbon claims with government regulations, ultimately enabling a more widespread and efficient implementation of carbon removal technologies. #CarbonRemoval #CDR https://bit.ly/3UK4WvD

Carbon calculators are tools to translate e-waste into carbon emissions, but understanding these calculators can be difficult, especially because many are proprietary. CentricsIT has deconstructed these analytics for you in a straightforward way. https://gag.gl/grtnDX

Both Article 6.2 and Article 6.4 texts were rejected at COP28, as carbon trading mechanisms became a politicized issue. What's ClearBlue's take? 👉 The Article 6.4 mechanism cannot begin operating without an agreement, which means the first credits may not be issued until 2026 or beyond, providing an agreement is made at COP29. 👉 While bilateral trade under Article 6.2 can continue without an agreement, countries have been unable to get clarity on rules regarding reporting and authorization. 👉 ClearBlue agrees with the call from @IETA to end the 'politicization' of markets. Pushing back Article 6 another year means that necessary emission reduction projects and finance may be further delayed. Countries and corporates alike need clarity on Article 6, and this cannot be achieved by rejecting texts. 💡 ClearBlue is preparing a special COP28 report which will detail Article 6 outcomes, alongside other announcements from COP28 that may impact the VCM. 💡 Get all the updates via Vantage, ClearBlue's carbon intelligence offering, or request to purchase this individual report, here: https://lnkd.in/gKb_CVjP

The Integrity Council for the Voluntary Carbon Market (ICVCM) confirmed Verra meet its high-integrity benchmark This is a pivotal moment for the #VCM, marking as a step forward in establishing a more robust #VoluntaryCarbonMarket. Verified Carbon Standard (VCS, operated by Verra) the world’s largest carbon-crediting program, has met the high-integrity Core Carbon Principles (CCPs) after making significant changes to its procedures. The Integrity Council Governing Board has also approved the Architecture for REDD+ Transactions (ART), operated by Winrock International program, which operates globally. These programs join ACR, Climate Action Reserve, and Gold Standard, as the CCP-Eligible Programs under the ICVCM. Together these five programs have a 98% share of the voluntary carbon market. "We are launching a new chapter for the voluntary carbon market...our science-based CCPs set a global benchmark for high-integrity, building trust, increasing standardisation,” said Annette Nazareth. "Verra is proud to be part of this collective journey to raise the quality bar across carbon markets", said Judith Simon. All CCP-Eligible programs have updated their procedures to comply with our rigorous, science-based CCP criteria, demonstrating their commitment to a robust and trustworthy carbon market. ✅ CCP-eligibility shows a program’s adherence to the CCPs for: 🍀Effective governance 🍀Transparency 🍀Tracking 🍀Robust independent third party validation and verification https://lnkd.in/gYD44_cW