GenZero’s Post

🌍 𝐈𝐂𝐕𝐂𝐌 𝐀𝐩𝐩𝐫𝐨𝐯𝐞𝐬 𝐅𝐢𝐫𝐬𝐭 𝐇𝐢𝐠𝐡-𝐈𝐧𝐭𝐞𝐠𝐫𝐢𝐭𝐲 𝐂𝐚𝐫𝐛𝐨𝐧 𝐂𝐫𝐞𝐝𝐢𝐭 𝐌𝐞𝐭𝐡𝐨𝐝𝐨𝐥𝐨𝐠𝐢𝐞𝐬 🌍 ◾ The Integrity Council for the Voluntary Carbon Market (ICVCM) announced the approval of the first carbon-crediting methodologies that align with its high-integrity Core Carbon Principles (CCPs). ◾ In the third installment of ongoing assessments, seven methodologies received the green light. (https://lnkd.in/gFRVryDR) ◾ This approval means that the prestigious CCP label can now be applied to an estimated 27 million carbon credits. ◾ These credits come from projects that combat potent greenhouse gases by capturing methane from landfill sites and destroying ozone-depleting foams and refrigerant gases from discarded equipment such as refrigerators and air conditioners. ◾ But that's not all! Another 27 categories of carbon credits, representing over 50% of the market, are still under active assessment. This includes methodologies addressing landfill gas (potentially covering an additional 76 million credits) and ozone-depleting substances (covering an estimated 4 million credits). ◾ Additionally, multi-stakeholder assessments of popular carbon credits types, such as REDD+ (Reducing Emissions from Deforestation and Forest Degradation), Jurisdictional REDD (JREDD), and clean cookstoves, are well underway and expected to be completed in the coming months. ◾ Under the Integrity Council’s “two-tick” process, carbon credits earn the CCP label only if both the carbon-crediting program is “CCP-Eligible” and the methodologies used are “CCP-Approved”. ◾ The CCPs set a global standard for high-integrity carbon credits, fostering trust, ensuring comparability, and maximizing the market's potential to address rising greenhouse gas emissions while unlocking significant private finance for climate solutions. Let's celebrate this milestone in the journey towards a more transparent and effective voluntary carbon market! #vcm #icvcm #ccp #labels #environment #climateaction #sustainability #carboncredits #verra #goldstandard

📣 Carbon Market Milestone 📣 The Integrity Council for the Voluntary Carbon Market (ICVCM) has just unveiled methodologies that have been given the green light. This means #CoreCarbonPrinciples (CCP) labels are now shining bright on the Verra Registry, ready to be tagged onto Verified Carbon Units (VCUs) from projects that tick all the boxes under the Verified Carbon Standard (VCS) Program. Why is this a big deal? The ICVCM’s nod to Verra’s VCS Program as fully aligned with the high-quality benchmarks of CCPs marks a new era of credibility and impact for carbon credits. Here are the two methodologies that have earned their CCP stripes: 🌟AMS-III.G.: Landfill methane recovery, v10.0: - Eligible for all landfill gas projects not generating electricity - Landfill gas-to-electricity projects with ≤10 megawatts electrical (MWe) 🌟 ACM0001: Flaring or use of landfill gas, v15.0–19.0 - Eligible for all landfill gas projects not generating electricity - Landfill gas-to-electricity projects with ≤10 MWe While awaiting the completion of the CCP process on other methodologies, buyers are encouraged to actively purchase and retire non-CCP labeled credits. ✊ This is just the beginning! Let's forge a #sustainablefuture, one milestone at a time! #GREENIPATH #GreenPathForward #SustainableFuture #ClimateChampions #CarbonMarket #ProtectOurPlanet #ProtectWildlife #PreserveNature #SaveOurTreasures #sustainability #sustainabilitymatters #sustainableliving #SustainabilityLeadership #actnow #ClimateChange #ClimateAction #greenearth #greenerworld #greenfuture #netzero Reference: https://lnkd.in/dGmz9umE

The Integrity Council for the Voluntary Carbon Market (ICVCM) has announced the first high-integrity carbon credits to be labelled under its Core Carbon Principles (CCPs). This is a significant step forward in the development of a robust voluntary carbon market. The CCPs are a set of principles that ensure that carbon credits represent real emission reductions. They cover a wide range of issues, including the permanence of emission reductions, the additionality of carbon credits, and the monitoring and verification of emission reductions. The ICVCM assesses methodologies for creating carbon credits. So far, it has approved methodologies for landfill gas capture and destruction of ozone-depleting substances. The ICVCM is working on assessing other methodologies. The first CCP-labelled carbon credits have been generated from landfill gas capture projects in India and Brazil. These projects have been verified by independent experts to ensure that they meet the CCPs. The ICVCM's CCPs are a valuable tool for companies and organizations that want to purchase high-quality carbon credits. They help to ensure that the carbon credits that they purchase are making a real contribution to climate change mitigation. Here are some of the key benefits of the CCPs: ➡ Increased transparency and trust: The CCPs provide a clear and consistent framework for assessing the quality of carbon credits. This helps to increase transparency and trust in the voluntary carbon market. ➡ Reduced risk of fraud: The CCPs help to reduce the risk of fraud in the voluntary carbon market. This is because they provide a clear set of standards that carbon credit projects must meet. ➡ Improved environmental outcomes: The CCPs help to improve the environmental outcomes of the voluntary carbon market. This is because they ensure that carbon credits represent real emission reductions. #carboncredits #sustainability #climatechange #ICVCM #CCPlabel https://lnkd.in/gSxP74nz.

Significant Developments in the Voluntary Carbon Market: 🌿 The Integrity Council for the Voluntary Carbon Market (ICVCM) has announced that they will be assessing over 100 carbon credit methodologies under the Core Carbon Principles (CCPs). This assessment is instrumental in guaranteeing a genuine impact on emissions, rigorous social and environmental safeguards, and high standards of governance. The initiative represents a remarkable leap forward in promoting fairness and transparency within the voluntary carbon market. The first decisions from this review are anticipated to be announced by the end of March. They're assessing categories including renewable energy, methane capture, efficient cookstoves, improved forest management, and more. Learn more: https://lnkd.in/djyB8T78 Category list: https://lnkd.in/dcT8RyPf How categories of carbon credits are assessed: https://lnkd.in/duh8cUTA This move aims for fairness and transparency in the voluntary carbon market. Exciting strides for a sustainable future!    #VoluntaryCarbonMarket #CarbonCredits #ICVCM #Sustainability #IntegrityCouncil

The Integrity Council for the Voluntary Carbon Market aims to assess 100+ active carbon credit methodologies for adherence to high-integrity Core Carbon Principles (CCPs). The assessment, led by experts, categorizes methodologies into 36 groups and undergoes rigorous evaluation.    🌿 Categories cover diverse areas like renewable energy, efficient cookstoves, and methane reduction. Some, like REDD+ (Reducing Emissions from Deforestation and Degradation), raise complex issues and require multi-stakeholder assessments.    💡 Programs seeking CCP labels undergo scrutiny. The Council prioritizes robustness, aiming for transparent decisions by end of March. CCP-labelled credits ensure genuine emissions impact, robust safeguards, and high governance standards.    🌱 CCP-labelled credits aim to scale the market, mobilize private capital, and support Global South countries in meeting climate goals. They're seen as an international standard by governments and regulators, influencing policies globally.    🤝 The Council invites market stakeholders to a Market Consultation Group to ensure transparency and gather feedback on market infrastructure.    Join the webinar on February 8th for insights on assessment decisions and be part of shaping the future of voluntary carbon markets! #ClimateAction #CarbonCredits #IntegrityCouncil 🌿🌐 https://lnkd.in/djyB8T78 

The Integrity Council for the Voluntary Carbon Market has approved seven carbon-crediting methodologies that adhere to its high-integrity Core Carbon Principles (CCPs). These methodologies allow an estimated 27 million carbon credits to carry the CCP label. Projects addressing greenhouse gases, such as capturing methane from landfill sites and destroying ozone-depleting foams and refrigerant gases, contribute to these credits. Additionally, ongoing assessments cover 27 other categories of carbon credits, while multi-stakeholder evaluations for popular types of credits are underway. Edward Rumsey Annette Nazareth #corecarbonprinciples #vcm #carboncredits #methodologies #icvcm #carbonfinance #conservation https://lnkd.in/dGmz9umE

The Integrity Council for the Voluntary Carbon Market announces the first methodologies meeting its high-integrity Core Carbon Principles (CCPs). 🔍 **Key Highlights:** - Over 100 methodologies grouped into 29 categories for assessment. - Approved methodologies for destroying stockpiles of Ozone Depleting Substances (ODS), impacting 12 million carbon credits. - Approval for four methodologies for Landfill Gas (LFG) projects, covering 15 million carbon credits. 🎯 **ODS Methodologies:** - ACR’s Destruction of ODS from International Sources v1.0 - CAR’s Article 5 ODS Project Protocol v1-2 - CAR’s U.S. ODS Project Protocol v1-2 🎯 **LFG Methodologies:** - ACM0001 – Flaring or use of Landfill Gas v15-19 - AMS iii G – Landfill Methane Recovery v10 - ACR’s Landfill Gas Destruction and Beneficial Use Projects v1-2 - CAR’s US Landfill Protocol v6 🌱 **Conditions for ACM and AMS Methodologies:** - All LFG project types that do not generate electricity. - LFG-to-electricity projects with a capacity ≤ 10 MWe. CDM methodologies are under review, with the Integrity Council assessing various carbon-crediting programs. 📊 **Programs Approved as CCP-Eligible (98% market share):** - ACR - ART - CAR - Gold Standard - VCS (operated by Verra) Assessments are ongoing for Isometric, Puro.earth, and Social Carbon. 🔬 **Ongoing Assessments by MSWGs:** - MSWG 1: Improved Forest Management - MSWG 2: Sustainable Agriculture, Methane Avoidance, Nutrition/Nitrogen Management, Buffer Practices, ARR - MSWG 3: Renewable Energy - MSWG 4: REDD+ and JREDD methodologies - MSWG 5: Household Energy Demand - MSWG 6: Biochar, tech-based CCS, industrial biodigesters, and more Please get in touch if you have any needs with regards to the sale, purchasing or financing of carbon credits 🌏 #CarbonCredits #Sustainability #ClimateAction #IntegrityCouncil #VoluntaryCarbonMarket #CCP #Environment #GreenInitiatives #CarbonReduction

A global initiative to grow the $2 billion market for carbon offsets outlined criteria for new voluntary standards on Thursday, and said it aims to issue labeled credits by the year-end to make the unregulated marketplace more transparent. Demand for carbon offsets - credits for emissions-reducing activity that can be generated through projects such as tree planting - is expected to increase as companies with net-zero goals buy them to cancel out emissions elsewhere. #voluntarycarbonmarket #carboncredits #carbonemissions #carbonreduction #ghgemissions #carbonoffsets #renewable

More $billions wasted on carbon credits! #GHG reduction & removal project proponents developed these projects with good intentions (or maybe not!). The challenge was & is, who is funding these projects do they lack the basic knowledge and expertise to evaluate, validate & verify them? HRCarbon - www.hrcarbon.com continues to provide the required training that all GHG reduction & removal project participants need including, Project Investors, GHG Quantifiers, Validators & Verifiers. Get the knowledge to assess a good GHG project from a bad one and save $billions being wasted! #sustainability #ghg #offsets #validation #verification #quanitification #hrcarbon #training https://lnkd.in/edn4FUjC

The focus of credit trading is shifting from reducing emissions to removing them altogether. Companies that wish to offset their greenhouse gas emissions can purchase two different types of credits in the voluntary market: avoidance credits for external projects that avoid or reduce emissions production, such as building a wind farm, and removal credits for projects that lower existing emissions. There are concerns about the effectiveness of the monitoring, reporting, and verification (MRV) framework. The influence of external organisations on buyers’ decisions is growing, which could impact market growth.   The entire voluntary market is a distraction. The fundamental problem with the voluntary market is the standard of verification and validation, which is questionable. If there is not enough compliance oversight, we are likely to see more carbon credits invalidated, which affects the credibility of the carbon credits system as a whole. This should not be allowed to happen. We need to pivot towards the compliance market. Terence Nunis Terence K. J. Nunis, Consultant President, Red Sycamore Global