Over the past five years, Supply Change has observed an explosion in the number of companies aiming to protect biodiversity as part of their commitment to reduce or eliminate deforestation in their forest-risk commodity supply chains. Data gathered in late 2021, featured in part one of Supply Change’s two-part report series published in 2022, shows that over three-quarters (76 percent) of companies researched included a biodiversity protection statement in at least one commitment.
The world is awakening to the desperate need to protect forests in light of the climate crisis, and Verra has been working since its inception in 2005 with leading scientists, conservationists, financiers and practitioners to establish a robust voluntary framework that enables society to value environmental benefits derived from project activities, including the protection of forests under threat through REDD.
Voluntary carbon markets matter, providing a major source of finance to mitigation activities, multi-benefit projects and rural communities in developing countries. Continuing these activities necessitates initiatives providing carbon market oversight to consider and include measures that ensure carbon market engagement remains attractive to project, proponents, financiers and buyers.
The dust has now settled on the COP27 climate talks. The outcome has been touted by some as a historic win by reaching agreement on a Loss and Damage Fund. Others expressed disappointment that more wasn’t accomplished to curb emissions, though to be fair expectations for major breakthroughs on that front were low going into the negotiations. This was never going to be a Glasgow 2.0, despite the need for more urgent action. In a new article, WRI experts present 9 key takeaways from the talks, and importantly what the world needs to do next across each area.
ARLINGTON, VA, 1 December 2022 – The Architecture for REDD+ Transactions (ART) has issued the world’s first TREES credits to Guyana. This also marks a milestone as the first time a country has been issued carbon credits specifically designed for the voluntary and compliance carbon markets for successfully preventing forest loss and degradation — a […]
South Pole has developed simple principles that explain the benefits of using carbon credits, based on existing best practice and recommendations by the Science-Based Targets initiative (SBTi) and the Voluntary Carbon Markets Integrity Initiative (VCMi), among many others, turning technical guidance into accessible language, with easily understandable talking points.
FSC’s Director General announced the new effort, which will convene different sectors and voices into the FSC Climate Coalition, to enhance the role that forests and the FSC standardsplay in combating climate change. FSC aims to ensure that Indigenous Peoples, smallholders, and forest stewards benefit from participating in certification and the growing carbon market.