Patch

🌱🌎 Carbon Markets + Climate Policy Insights #68🌱🌎 Here’s this week's roundup of critical developments shaping climate action and carbon markets! 📢 Puro.earth announced the appointment of Jan-Willem Bode as its new President, in addition to announcing two other senior appointments. Antti Vihavainen, Puro's current CEO and co-founder will assume the role of Vice Chairman. 🦋 Google launched an accelerator focused on startups using technology to protect, manage and restore nature.  🇪🇺 The European Commission adopted proposals for an Omnibus package to reduce red tape and increase business competitiveness, including proposed threshold changes to the Corporate Sustainability Reporting Directive (CSRD). 📢 Carbon Removal Canada hosted the second annual Carbon Removal Day in Ottawa. I spoke on a panel focused on scaling CDR in Canada. As I said on the panel, "we need to send a strong signal to project developers that if they come to Canada and they set up shop here, they're going to get the best treatment". Thanks for the coverage Carbon Pulse 🙏 Thanks for reading! (sources linked in comments) #CDR #VCM #climatepolicy #climateaction #sustainability #weeklyupdate #carboncredits #carbonremoval #carbonmarkets #corporatesustainability #voluntarycarbonmarkets

At Patch, we're always emphasizing the need to take a strategic approach in carbon markets. That sounds obvious — even trite! At some point the word "strategy" feels like it loses all meaning, but there's a reason we're constantly focused on it: WAY too many companies aren't building proactive goals or key results for their carbon programs. In some cases, this means backing into an unstrategic purchase because of claims or budgets that are imposed from outside. In some cases it means pushing back an engagement to next year (or the year after). The reality is there's a lot on sustainability teams' plates beyond carbon markets. Reducing emissions should always come first, but even that isn't always a sustainability leader's primary mandate. For CSOs reporting into legal teams, it may be regulatory compliance or reporting. For others, it could be communications or PR. This has to change. And for many companies, it is. Our clients are deeply focused on integrating sustainability into their company's value chain — from internal carbon pricing to building sustainability into cross-functional decision making and beyond. They're taking a truly strategic approach to carbon markets as well, which is where we come in. Being "strategic" is as much about choosing what to do as what not to do. Most of these teams don't have dedicated carbon experts in house (only 15% do). That's where Patch comes in. We help clients synthesize company goals with climate goals to build truly proactive strategies for accomplishing big things via carbon credits. Let us know: what are your strategic goals for carbon markets?

Excellent to see our own Lucy Hargreaves in the spotlight in the Toronto Star! She's certainly one to watch — especially here on LinkedIn where she regularly posts very insightful reads on global climate policy and carbon market trends. Take a look at the article and give Lucy a follow! https://lnkd.in/eCmDp9HH

🌱🌎 Carbon Markets + Climate Policy Insights #66🌱🌎 Here’s this week's roundup of critical developments shaping climate action and carbon markets! 👏 Climate Action Reserve announced that Robin Rix, former Chief Legal, Risk, and Governance Officer at Verra, will be its new President. Rix brings extensive experience in carbon markets and climate policy to the role, succeeding Craig Ebert who is retiring after nearly 9 years of leadership. Congratulations Robin 👏 🇺🇸 The Bipartisan Policy Center has convened a task force of VCM experts to develop policy recommendations for how the US federal government can promote fair, efficient, and transparent carbon markets. 🌐 The UNFCCC's Article 6.4 Supervisory Body held it's 15th meeting and agreed to launch an interim registry to help accelerate the implementation of the Paris Agreement Crediting Mechanism. ✈️ International Civil Aviation Organization launched "Finvest Hub", an investment platform for funding sustainable aviation fuel production facilities, clean energy infrastructure, and other aviation decarbonization initiatives. The aviation sector is hopeful this will help address the urgent need to scale up SAF production and deployment to meet increasing demand.  🧐 Carbon Pulse reported that interest in Article 6 projects increased by 30% in the last month according to data compiled by UNEP's Copenhagen Climate Centre Thanks for reading! (sources linked in comments) #CDR #VCM #climatepolicy #climateaction #sustainability #weeklyupdate #carboncredits #carbonremoval #carbonmarkets #corporatesustainability #voluntarycarbonmarkets

This is not the time to step back from the policy world — it's time to engage even more deeply. Patch is as focused as we've ever been on strengthening international connections in the public and private sector. There's no one more engaged than our own Lucy Hargreaves. Make sure you follow her account for regular updates on the global carbon market and climate policy landscape.

It was a pleasure to host so many sustainability leaders from the built environment for breakfast earlier this week. We think the UK built environment is uniquely positioned to set the global benchmark for decarbonising hard-to-abate sectors in the drive toward Net Zero 🇬🇧 🏗️. With pioneering initiatives such as the UK Net Zero Carbon Buildings Standard and the UK Green Building Council (UKGBC)'s Carbon Offsetting and Pricing Guidelines, the sector has a well-defined pathway to both significantly reduce emissions and credibly address residual emissions 📉 . A big thank you to Stephen Thompson from Arup for sharing his invaluable insights on all things sustainable design and carbon strategy 🙏 . One of the most compelling takeaways for me was the importance of integrating carbon credits into the earliest stages of building design. By embedding an effective internal carbon price (ICP) as a dedicated line item in cost planning, companies can ensure these considerations are not relegated to post-construction efforts but are instead at the forefront of decision-making. More to come on how to set a net zero-aligned ICP in the coming months cc. Dr Injy Johnstone & Lizzy Coad. If you’re involved in the UK built environment and have questions about aligning upcoming investments or new developments with the latest Net Zero guidance, don't hesitate to reach out. Thanks for coming and prompting such an insightful discussion Sam K Allen, MPH Nicola Battey 🌱 Rob Miller Anna Carolina Dowson Ariane Ephraïm Kate Sandle Katie Sampford Lea Vavrik Jamie Kelly Shraddha Nair Kyle Gray Ed Green Joe Cruttwell Miral Alaraj Marie Geneste Samira M Salasel

🔍 SBTi just announced an update on the process for revising their Corporate Net-Zero Standard. Plans include developing new Expert Working Groups and a second public consultation to ensure broad stakeholder input. SBTi also announced that a first draft of the new Standard for consultation will be released "no earlier than" March 2025. 🌍 Key updates: ✅ SBTi is establishing Expert Working Groups to consult on five key topics of the revised Standard. ✅ The process includes two public consultations and pilot testing to ensure that the revision works for businesses and accelerates climate action. ✅ The first consultation will begin >March 2025 - all stakeholders are invited to participate. If you're interested in joining one of the Expert Working Groups, SBTi has an open call for applications with a deadline of Feb 28 - would be amazing to see our market experts jump in and get involved [ 🔗 in comments]. #NetZero #SBTi #ClimateAction #Sustainability

🌱🌎 Carbon Markets + Climate Policy Insights #65🌱🌎 Here’s this week's roundup of critical developments shaping climate action and carbon markets! 🫠 UN NDC Deadline Missed by Majority of Countries. Nearly 200 nations missed the Feb 10 deadline to submit updated climate plans to the UN, raising concerns about global alignment with the 1.5°C goal. Only 20% of countries met the cutoff, with delays linked to political shifts and resource gaps. The UN The UNFCCC deadline for NDC submissions is not enforceable. 🌴 Hawaii’s House Bill 760, a "Carbon Cashback Bill" passed a second reading, proposing a progressive carbon tax increase and refundable credits for residents. The bill aims to raise $3M+ for food security and $1M for cashback rebates, aligning with the state’s net-zero target 🇺🇸 The US withdrew $4B in pledged funding to the UN's Green Climate Fund. ✅ SBTi announced updates to its Corporate Net Zero Standard Consultation Process. It will release a first draft of the Standard for consultation no earlier than March 2025 and will launch Expert Working Groups to consult on five key topics of the revised Standard. Applications to participate in the working groups are due by Feb 25. 📈 BNEF released Annual Carbon Offsets Outlook 2024 report. Increased demand was identified as a key variable needed to drive further growth. Thanks for reading! (sources linked in comments) #CDR #VCM #climatepolicy #climateaction #sustainability #weeklyupdate #carboncredits #carbonremoval #carbonmarkets #corporatesustainability #voluntarycarbonmarkets

Last week, I had the pleasure of hosting a dinner in London with some of the brightest minds in corporate sustainability. Our team at Patch and senior sustainability executives across sectors spent the evening discussing the evolving landscape of carbon markets and climate policy at a critical time for everyone involved in the space. A huge thank you to Eve Tamme and Bruce Kennedy for sharing your expertise and to all the attendees for such a thoughtful and candid discussion! 💡 Some key takeaways 💡 🔹 US Climate Policy & Global Trends – Despite regulatory uncertainty, momentum continues, with states like California leading the way and Europe positioned to reinforce global climate leadership. 🔹 Carbon Markets in Motion – With evolving policies like the EU’s Clean Industrial Deal and the Green Claims Directive, plus upcoming updates to SBTi and ISO standards, companies must stay involved and agile to navigate compliance and voluntary markets. 🔹 Building a Strong Carbon Strategy – Many organizations find success by starting small, engaging internal stakeholders early, and leveraging carbon pricing to drive long-term business value. The resounding message? Now is the time to stay engaged, adaptive, and collaborative. These conversations matter, and it's important to come together to share insights and pragmatic solutions to move us forward 🚀 If you’d like to dive deeper into any of the discussion points, feel free to reach out. Looking forward to continuing these important conversations! #CarbonMarkets #Sustainability #NetZero #ClimatePolicy

"My journey from climate anxiety to action has shown me this: the path to a livable future isn’t solitary—it’s collective. So many of us in this world are experiencing feelings of anxiety and uncertainty due to the climate crisis. So many of us are also working on solutions, which is empowering and comforting." An important read from our very own Tighe Sullivan, Jr., climate strategist. Everyone takes their own path into the fight against climate change, and the movement takes a wide variety of skillsets and areas of expertise. That breadth of focus is a huge strength — but only as long as we're united with common purpose. When we're all pulling together in the same direction, nothing can stop us.