Toucan’s Post

This week, the Biden-Harris administration announced Principles for Responsible Participation for high-integrity voluntary carbon markets. The news marks the federal government's support to advance and leverage these VCMs. VCMs can accelerate decarbonization by offering carbon credits that represent real emissions reductions — making a strong impact in the near-term to meet sustainability and climate action goals. Read the full fact sheet: https://lnkd.in/e2w2U4-y And learn how LoCI can help customers generate ACR-verified, high-integrity carbon credits: https://lnkd.in/edkBQBPz #innovation #sustainability

The Biden-Harris Administration has released new Principles for Responsible Participation in Voluntary Carbon Markets (VCMs), aimed at advancing high-integrity VCMs that spur climate action and economic growth. According to the source, challenges like unreliable crediting methodologies have hindered market effectiveness, prompting a call for ensuring carbon credits meet credible standards, avoiding harm, and promoting transparency. Corporate buyers are urged to prioritize emissions reductions, and market participants encouraged to improve integrity. These principles aim to strengthen VCMs, restore confidence, and ensure they fulfill their climate goals effectively. Review the source for a better perspective: https://lnkd.in/e2w2U4-y

This morning, the federal government announced its commitment to seven principles for a high-integrity voluntary carbon market (VCM) and to the pivotal role that a high-integrity, efficient VCM could play in scaling decarbonization strategies, empowering local communities, and protecting critical ecosystems. These principles, supported by Treasury Secretary Janet Yellen, Agriculture Secretary Tom Vilsack, Energy Secretary Jennifer Granholm, Senior Advisor for International Climate Policy John Podesta, National Economic Advisor Lael Brainard, and National Climate Advisor Ali Zaidi are aligned with emerging best practices on carbon market integrity and quality, and will serve as the US government’s cohesive vision and standard for the VCM moving forward. The Carbon Markets team at RMI has been working tirelessly to increase trust and transparency in the VCM for several years. We are currently developing a data framework for carbon credit transparency and a buyer’s guide to identify high-quality data and carbon credits. These tools aim to ensure all data about carbon credit performance – namely, their verified emissions, community, and ecosystem impact and benefits – can be more accessible, digested, and useful to guide decisions. Today’s statement bolsters this work by creating a governance landscape that shares an emphasis on VCM data integrity and verified climate outcomes. We are excited to share more about the data framework and buyer’s guide in the coming months! RMI recognizes the scientific consensus that carbon removal and credits will likely be needed, alongside rapid and sustained emissions reductions, to avoid the worst outcomes of climate change. Today’s announcement is a positive step towards the critical financing mechanisms that will ensure we can scale the solutions we need for carbon removal and decarbonization. Access today’s press release below and learn more about RMI’s work in the carbon markets space by visiting bit.ly/RMICarbonMarkets. https://lnkd.in/e2w2U4-y

Important news on the global carbon markets this morning... The White House announced new guidelines for ensuring the integrity of carbon offsets. While these are in line with what industry leaders like The Integrity Council for the Voluntary Carbon Market (ICVCM) have been saying, the backing of the USG is meaningful. The carbon markets need to ramp given the warming and weather trends. As the WH statement says, "High-integrity, well-functioning VCMs [voluntary carbon markets] can accelerate decarbonization in several ways. VCMs can deliver steady, reliable revenue streams to a range of decarbonization projects, programs, and practices, including nature-based solutions and innovative climate technologies that scale up carbon removal. VCMs can also deliver important co-benefits both here at home and abroad, including supporting economic development..." https://lnkd.in/eyKtP-WQ

The White House issues a Joint Statement of Policy and New Principles for Responsible Participation in Voluntary Carbon Markets (VCM)s. While perhaps late to the global game, still welcome and notably that principles are co-signed by interdependent government agencies like Treasury, Energy and Agriculture - and encourage the importance of public sector guidance to unlock private capital towards the energy transition. #VCM #climate #privatecapital https://lnkd.in/eDAxtkQx

Any new guidance and support at government level to help build a high integrity and well-regulated carbon market is welcomed by South Pole. The more active regulators become in the carbon credits market and in promoting the role they play in delivering our shared climate goals, the better. This will help the industry to accelerate much-needed trust and transparency in the market. Only then can the market fulfil its full potential for positive climate action. Clear regulation will also ensure carbon credit supply, and that trading and demand is as robust and credible as it can be. This will unlock vital global finance efficiently and at scale so we can tackle the most critical climate solutions science says we need. As a pioneer in the voluntary carbon markets, South Pole has been carefully preparing for the next phase of the market’s growth. We are working hard to stay at the forefront of the expanding ecosystem of participants and regulation by advancing our own risk, quality and compliance processes, while ensuring we can also innovate for impact in the long-term. Our hope is that other governments show greater support and additional guidance to continue to build both the credibility and capability of the carbon market. https://lnkd.in/gArPsdd3

The Biden-Harris administration has committed to achieving climate goals of cutting greenhouse gas emissions in half by 2030 and reaching net zero by 2050. As part of this effort, they have released a Joint Statement of Policy and new Principles for Responsible Participation in Voluntary Carbon Markets (VCMs) to advance high-integrity VCMs, in an attempt to drive credible climate action and generate economic opportunities across the US economy. The principles include: 🔹Carbon credits and the activities that generate them should meet credible atmospheric integrity standards and represent real decarbonisation. 🔹Credit-generating activities should avoid environmental and social harm and should, where applicable, support co-benefits and transparent and inclusive benefits-sharing. 🔹Corporate buyers that use credits should prioritise measurable emissions reductions within their own value chains. 🔹Credit users should publicly disclose the nature of purchased and retired credits. 🔹Public claims by credit users should accurately reflect the climate impact of retired credits and should only rely on credits that meet high integrity standards. 🔹Market participants should contribute to efforts that improve market integrity. 🔹Policymakers and market participants should facilitate efficient market participation and seek to lower transaction costs. The intended incentives and guardrails include: 🔹The USDA is implementing programs to lower barriers to market participation and connect landowners with resources for carbon credit generation. 🔹The Department of Energy (DOE)'s support of technologies that remove carbon emissions directly from the atmosphere through competitive credit purchase programs. 🔹Administration investment in programmes to develop and deploy carbon removal technologies, aiming for commercial viability and community benefits. 🔹US departments and agencies will participate in international efforts to shape the quality of activities and credits in VCMs. 🔹The US government will aid the development of high-integrity VCMs in developing countries, providing technical and financial assistance. 🔹Treasury’s Principles for Net-Zero Financing and Investment support net-zero commitments and market integrity. 🔹The Administration will undertake efforts to improve GHG measurement, monitoring, and reporting, ensuring the scientific integrity of credited activities. 🔹Regulatory agencies promote VCM integrity by addressing fraudulent activities and bad actors. 🔹An interagency Task Force on Voluntary Carbon Markets ensures a coordinated approach to address market challenges and opportunities. The White House - FACT SHEET: Biden-⁠Harris Administration Announces New Principles for High-Integrity Voluntary Carbon Markets - https://lnkd.in/d_iSzWH9 #greenhousegas #carboncredit #carbonmarket

📢 Exciting News from the White House 📢 This week the Biden-Harris Administration announced new principles to ensure high integrity in voluntary carbon markets: https://hubs.la/Q02z69ms0 These principles focus on transparency, real decarbonization, and fair practices— reinforcing the need for robust and credible carbon credits. This initiative aims to boost confidence in the voluntary carbon markets after the battering they have taken in the media in recent years and ensure they effectively contribute to climate goals and provide the economic benefits they claim. 🌍 At Climate Vault, we applaud this new initiative. Since our inception, our commitment to transparent, verifiable, and high-quality climate action has been a cornerstone of our methodology and climate solutions. We were formed out of our Co- Founder Michael Greenstone's frustration over the inability of the voluntary carbon markets to deliver on their promised results time and time again. Our approach to carbon measurement, reduction + removal aligns perfectly with the new standards released by the White House, and we look forward to witnessing the meaningful climate impact and economic opportunities that arise from this week's announcement. #ClimateAction #CarbonMarkets #Sustainability #HighIntegrity

🌍 Exciting News in the World of Voluntary Carbon Markets! 🌍 Today, the U.S. Department of the Treasury, along with other key departments, released a Joint Policy Statement and new Principles for Responsible Participation in Voluntary Carbon Markets (VCMs). This significant move underscores the Biden-Harris Administration's commitment to tackling the climate crisis and driving decarbonization efforts. 💡 Why This Matters: "Voluntary carbon markets that adhere to principles of high-integrity can play a critical role in getting private capital off the sidelines, accelerate our progress on climate, protect nature, and support clean energy deployment in developing countries that can benefit most from new investment." - John Podesta, Senior Advisor to the President for International Climate Policy At Next Wave Carbon, we are dedicated to enhancing the integrity and transparency of carbon markets through innovative digital monitoring, reporting, and verification (MRV) of nature-based solutions. The new principles released today align perfectly with our mission to ensure high-integrity practices that drive meaningful climate action and generate economic opportunities. 🌱 Key Highlights: High-integrity VCMs can channel private capital to decarbonization efforts, benefiting communities worldwide. These markets can provide critical financing for clean energy and nature-based solutions, supporting farmers, ranchers, and rural communities. The Biden-Harris Administration's initiatives include supporting high integrity crediting initiatives. As we continue our work in digital MRV, we are excited about the potential of VCMs to contribute to global net-zero emissions by 2050. Let's work together to build a sustainable future, leveraging the power of high-integrity carbon markets. Read more about the announcement here: https://lnkd.in/eKAqPzgj #CarbonMarkets #ClimateAction #Sustainability #NextWaveCarbon #Decarbonization #CleanEnergy #NatureBasedSolutions