Mangrove forests are excellent at storing carbon particularly in their soil. But these critical forest ecosystems are under threat of conversion, degradation, and destruction. The Climate Action Reserve is working to protect and restore mangrove ecosystems and recently registered the first-ever mangrove forest offset project in Mexico. The Manglares San Crisanto/San Crisanto Mangroves project is demonstrating the ability of mangrove forests to become viable offset projects and deliver important co-benefits to local communities.

ACR prohibits the tokenization of its carbon offset credits unless explicitly authorized, as a first step in the development of a set of guardrails to protect market integrity in the face of unregulated cryptocurrencies.

India will ban firms from exporting carbon credits until the nation meets its climate goals; Hon’ble Cabinet Minister (Power, New & Renewable Energy) told lawmakers debating changes to the country’s energy conservation law on Monday. This brings more confusion to the carbon market. There is a need to have a clearer pathway under the carbon market. Author’s observations are discussed in the article.

This is a developing story.

With the aim of setting a definitive and consistent benchmark for credible, high-integrity carbon credits, The Integrity Council for the Voluntary Carbon Market has developed a draft set of Core Carbon Principles (CCPs), Assessment Framework (AF) and Assessment Procedure. The public consultation is now open.

We are happy to announce a three-year collaboration agreement with Forest Stewardship Council to develop shared insights regarding carbon markets and non-carbon benefits.

The Federal Government of Brazil recently announced a series of decrees which will support the development of green investments and the reduction of greenhouse gas emissions. In particular, the decrees (Ie. 11,075) will establish a long awaited National System for Reducing Greenhouse Gas Emissions (SINARE) to support the country’s journey to decarbonization. Over the course of the next decade, Brazil’s voluntary carbon market is predicted to grow up to 20 times and has the potential to help different actors achieve their mitigation goals – but the the new decrees will need to overcome a series of technical issues as well as legal gaps in order for any potential benefits to come to fruition.

This article first appeared on Greenfact. 09 June 2022 | The RE100 launched a public consultation on three proposed changes to its technical criteria following town hall meetings it held with members in February 2022. The consultation proposes the following three key changes: Make AIB membership the market boundary for Europe Accept physical cross-market procurement when certain […]