Carbon compensation an efficient tool on the way net-zero
Over the past year, we have heard renewed commitment from governments and corporates about achieving “carbon neutrality” and “net-zero” emissions. In defining their strategies, carbon compensating rapidly emerged as an efficient tool to offset emissions on the way to achieving these goals. As a long-time actor in carbon assets, we have rarely seen such frenzy around carbon compensation. With the resurgence in carbon market interest, we feel a responsibility to help consolidate and simplify processes to provide accessible market access.
Initiatives for scaling the Voluntary Carbon Market
We are pleased to see our certification partner, Gold Standard, being a core participant in the Taskforce for Scaling Voluntary Carbon Market, embracing market complexity while ensuring that the focus remains on supporting vulnerable and marginalized community projects. You can read more about the taskforce’s progress in their final report published in January.
We will keep an eye throughout the year about the developments we see in the lead up to UNFCCC COP26, happening in Glasgow this November, and the results of the ongoing public consultations from SBTi on defining Net Zero criteria and Gold standard on Aligning GS projects with the Paris agreement.