Sometimes it’s not easy being green – but voluntary carbon market players are dipping into a broad spectrum of methodologies and partnerships to color new market opportunities. At the same time, decision-makers paint the town red with continued attacks and indecision around carbon mitigation. Follow the latest in April’s V-Carbon News.
NOTE: This article has been reprinted from Ecosystem Marketplace’s Voluntary Carbon newsletter. You can receive this summary of global news and views from the world of voluntary carbon automatically in your inbox by clicking here.
8 April 2011 | Climate mitigation is in the spotlight this week as the US government braces for shutdown amidst disagreement over redlined EPA funding and international negotiators time out in Thailand, black and blue after blows over the post-2012 fate of the Kyoto Protocol.
But it’s not all bad news (really!). Stealing this issue’s limelight are several bottom-up forest carbon mechanisms poised for use in the voluntary carbon market, and a few deals and partnerships big enough to see them through.
Since our last issue, the American Carbon Registry (ACR) approved for use its first methodology for projects that avoid planned deforestation (a REDD subcategory) – giving international projects the green light to make use of the traditionally US-facing Forest Carbon Project Standard.
The Verified Carbon Standard (VCS) is wading into blue carbon with its establishment of a new initiative and working group to develop requirements for crediting wetlands conservation projects.
VCS says the effort – led by Restore Americas Estuaries – could lead to crediting for emissions reductions from mangroves and coastal and tidal wetlands.
ERA Ecosystem Restoration Associates is most likely in the black after signing a massive carbon rights agreement with the Democratic Republic of Congo to support a project expected to generate over 17.5 MtCO2 over its lifetime.
China also hoisted its red flag over the first transaction of VER credits generated from a bamboo reforestation project under its domestic Panda Standard. A leading real estate company, Franshion Properties, purchased the 16,800 VERs for ~US$9.14/tCO2e.
Westpac’s linkage with Carbon Trade Exchange is as good as gold now that the interface between the Aussie-based and voluntary carbon platform is live. Another strategic partnership between EKO Asset Management Partners (EKO) and Equator LLC will see the partners jointly develop solutions for clients across a suite of ecosystem service markets.
Read more about these and other colorful updates in this issue. And if you like what you read, help Ecosystem Marketplace (a project of 501c3 Forest Trends) keep these news briefs free!
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