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Friday, May 24, 2024

Insights from New York Local weather week: Exploring Carbon Markets, Biochar, and VCM developments | by Josefin Nordahl | AlliedOffsets

The latest North American Local weather Summit introduced collectively specialists and fans from the carbon market and sustainability sectors. Whereas the convention coated numerous matters, it was closely targeted on two matters: high quality and carbon removals (each engineered and nature-based).

Attendees have been handled to a spread of insightful periods and interesting panel discussions. Right here, we recap a few of our highlights and key takeaways from this occasion.

AlliedOffsets Founder Lars Kroijer joined the panel ‘Decoding the Digital Panorama: Carbon Markets Knowledge Challenges & Alternatives’ along with Hania Dawood from The World Financial institution, Henrik Hasselknippe from Xpansiv, Marco Albani from Chloris Geospatial and Cindy Chiang and Pachama.

Annette Nazareth Sheds Gentle on CCPs and Classes Working Group

One of many standout moments of the convention was Annette Nazareth’s presentation on ICVCM’s Core Carbon Rules (CCPs) and the Classes Working Group. The group is about to fast-track sure venture varieties, indicating a decreased stage of scrutiny for extra ‘dependable’ credit score varieties. Nevertheless, the timeline for these adjustments has been pushed again to Q1 2024 from the top of this yr. Nazareth expressed a need to have draft offers in place by COP. The launch of CCPs is one thing that many within the trade will set a minimal flooring for credit score high quality, thereby spurring demand.

Annette Nazareth in dialog with Flowcarbon’s Dana Gibber.

Biochar: A Passionate Dialogue

A panel devoted to biochar drew the eye of the know-how’s fans. The panellists explored numerous purposes of biochar, primarily in agriculture enter and water filtration. Nevertheless, the extra biochar producers can promote their biochar for, the decrease the case for monetary additionality for the credit produced.

Biochar producers face funding challenges, with buyers displaying reluctance because of the capital-intensive nature of the enterprise. Regardless of its potential, biochar struggles to draw enterprise capital, not like the equally capital-intensive however flashier DAC initiatives. In response to our database, solely two biochar firms have raised vital quantities of cash: CHAR Applied sciences and Carbo Tradition.

Panel hosted by CTrees on mitigating threat for nature.

dMRV for NBS

Digital monitoring, reporting, and verification (dMRV) for nature-based options (NBS) was a sizzling subject, with many firms getting extra granular knowledge round carbon shares, tree counting and progress measurement, in addition to future projections round forest hearth threat, and extra. Some function strictly throughout the VCM, whereas others are broader in scope. How the marketplace for these options develops stays to be seen, however the variety of choices shortly changing into out there to stakeholders within the VCM can solely be a optimistic for the house general.

As all the time, get in contact for those who’d prefer to study extra about knowledge within the VCM!

Attain out to our crew for your entire VCM knowledge wants!

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