The topic of the “Voluntary carbon market” category are voluntary carbon standards and initiatives to regulate the voluntary carbon market.
The structure of the portal is as follows:
Regenerative finance stems from the concept of Regenerative Economics, introduced by John Fullerton in his work “Regenerative Capitalism.” Unlike sustainable development, which aims to maintain current systems, regenerative economics focuses on restoring and renewing natural systems, going beyond mere preservation. Building on this foundation, Regenerative Finance (ReFi) combines regeneration principles with decentralized finance (DeFi), leveraging…
As of September 16, 2024, over 190 projects have been registered under the Open Forest Protocol (OFP). OFP operates globally, with projects being implemented across six continents. One key feature of the platform is that verification and project registration fees are free. Project Eligibility Criteria: Once eligibility is confirmed and a call with the OFP…
Finding liquidity to initiate carbon projects can be a complex and challenging process in which DeFi for climate can be helpful. Traditional financial markets and systems often pose significant barriers to entry, particularly for small and medium-sized projects. Here are some of the main challenges: DeFi for climate offers innovative solutions to these challenges, making…
Introduction to Carbon Tokens When carbon units are tokenized, all their information is transferred to the blockchain. Alternatively, carbon units can be issued directly as carbon tokens by the standard. Carbon tokens can be transferred, sold, redeemed, or stored in a blockchain wallet. The functionality of carbon tokens depends on the smart contracts used. Characteristics…
SBTi Overview The SBTi (Science Based Targets initiative) was founded in 2014 as a collaboration between CDP (Carbon Disclosure Project), the United Nations Global Compact, WRI (World Resources Institute), WWF (the World Wide Fund for Nature), and the We Mean Business Coalition. The SBTi’s goal is to enable companies worldwide to do what climate science…
Established in 2003 by the World Wide Fund for Nature (WWF) and other international NGOs, the Gold Standard ensures projects. that reduced carbon emissions. featured the highest levels of environmental integrity and also contributed to sustainable development. The Gold Standard for the Global Goals (GS4GG) was launched in 2017 for the adoption of the Paris…
The Core Carbon Principles. Overview The fight against climate change demands robust tools. While the voluntary carbon market offers promising potential, ensuring the quality and impact of its credits is crucial. This is where the Core Carbon Principles (CCPs) – a global benchmark developed by the Integrity Council for the Voluntary Carbon Market (ICVCM) in collaboration with…
The Voluntary Carbon Markets Integrity Initiative (VCMI) published its Claims Code of Practice in June 2023 and its revised version in November 2023, addressing the demand side of carbon markets and complementing the work of the Integrity Council for the Voluntary Carbon Markets and the Science-Based Targets Initiative (SBTi). The core principle is that emission reductions…
Mitigation, as defined by the Intergovernmental Panel on Climate Change (IPCC), involves human interventions aimed at reducing emissions or enhancing greenhouse gas sinks. Companies often focus on mitigating their emissions within the value chain, encompassing the entire life cycle of a product or process. However, the Science Based Targets initiative (SBTi) introduces the concept of…
Overview of the Verified Carbon Standard (VCS) program The Verified Carbon Standard (VCS) program is administered by a non-profit organization Verra. At the time of writing VCS program has produced 1.2 bln Verified Carbon Units (VCU) from 2100+ climate projects in 95 countries. 665 mln of VCU were retired. The closest competitor in terms of the…
