David Tow’s Post

What have been some of the key Australian carbon market trends this year? As 2023 comes to an end, TEM’s Head of Carbon Solutions, Bjorn Everts, shares his insights and reflections on the year that was for the Australian carbon market and looks at what’s ahead for 2024. From huge regulatory changes and shifting market dynamics to an overall increase in and broadening participation from a diverse range of sectors, Bjorn unpacks a transformative year for the industry. Read more via our website: https://hubs.ly/Q02cJHkS0 #carbonmarket #Australiancarbonmarket #carboncredits #carbonoffsetting

If you missed our monthly ESG Explained webinar with Annik Falch this morning here are the main points she covered. The next webinar is scheduled for the 30th of May at 9am CET. 👉 The EU Council recently failed to approve the Nature Restoration Law – putting the future of the legislation at risk with limited time left to negotiate before the EU elections in June. 👉 The Science Based Targets initiative has published plans to allow for a wider use of carbon credits in the Corporate Net Zero Standard, in order to help corporations reach their goals related to scope 3 value chain emissions. 👉 The EU Parliament recently adopted the EU Carbon Removals Certification Framework (CRCF) aimed at establishing a certification system to quantify, monitor and verify carbon removals. 👉 The EU Council recently adopted the revised Energy Performance of Buildings Directive (EPBD), finalizing the approval-process and constituting an important step in EUs vision of transforming the EU building stock into zero emissions buildings by 2050. 

Here's an interesting read highlighting that (unexpectedly) 75% of businesses are prioritizing decarbonization direct actions over carbon offsetting to meet NZC targets. It would be intriguing to see how this study may impact SBTi's stance on carbon offsetting. https://lnkd.in/e9V_ssEz

It is predicted that a significant rise in demand for ACCUs, projecting an increase from under 1 million in 2022 to 26 million by 2030. ACCUs initiative encompasses 219 facilities emitting over 100,000 metric tons of carbon dioxide equivalent (mtCO2e) annually, collectively contributing around 28% of Australia’s total greenhouse gas emissions. For various articles on capital markets, subscribe to our newsletter via https://lnkd.in/dvJjiFAr Chloé Argyle Riddhesh Chandwadkar #ethicacapital #greenfinance #greenbonds #sustainablity #climatechange #blueinfrastructure #climatefinance #sustainablefinance #structuredfinance #sustainabilitybonds #sustainabledevelopment #sustainableenergy #sdg #sdgs2030 #sustainabledevelopmentgoals #unitednations #decarbonisation #netzerocarbon #cleanenergyfuture #infrastructurefinance #carbonneutral #esg #infrastructure #esginvesting #bonds #BeTheChange

Building a removals industry isn't going to happen overnight. If we are to deliver the 6-10GtCO2e required for a 1.5C pathway there is an urgent need for improved recognition of high quality carbon removals within corporate ESG frameworks. This week, Drax has published a paper offering 5 recommendations that could stimulate demand in the market for removals without undermining existing emission reduction efforts. 👇

Will the #carbon markets rebound as The Integrity Council for the Voluntary Carbon Market (ICVCM) ensures certifiers meet standards? Verra, a major #carboncredits certifier, has been endorsed as "high-integrity" by the ICVCM after implementing significant procedural changes. The #certification exercise, which has so far cleared 5 certifiers including Gold Standard and Climate Action Reserve, aims to restore trust in the carbon market. The market outlook remains uncertain, however, with Indonesia recently revoking the licence for the world’s largest forest project, Rimba Raya. More in the link below. #Consumption #Biodiversity https://lnkd.in/d63rCQpZ

#DidYouKnow the Voluntary Carbon Market (VCM) is an important, complementary option where regulatory market signals still need to be developed? Ideally, VCM participants seek to mitigate real-time impacts as a part of their ongoing GHG reduction strategies. Learn more about the role of the VCM in our editorials series, “Transparency in Developing Carbon Credits,” here: https://lnkd.in/guGzPz9R #ClimeCo #EnvironmentalMarkets #CarbonMarkets #CarbonCredits #CarbonReduction #GHG #VCM #VoluntaryCarbon #RegulatoryCarbon

🌎 New principles for voluntary carbon markets = Exciting marketing opportunity 💚 The White House has set forth seven new principles to enhance the integrity of carbon markets. For carbon credit providers, brokers, and marketplaces, this is an exciting opportunity to refine your marketing strategies and showcase the value of your offerings. A few ideas on how you can position your carbon credits in light of these new guidelines: 1.    Highlight Credible Standards: Emphasize the rigorous standards your carbon credits meet. Use certifications and third-party verifications to build trust and showcase the authenticity of your credits. 2.    Promote Real Impact: Share stories and case studies that illustrate the tangible environmental and social benefits of your projects. Demonstrate real-world impacts of your carbon credits. 3.    Transparency in Communication: Be open about your processes. Regularly update stakeholders on the progress of your projects and the impact of their investments. Transparency builds confidence and reinforces your commitment to integrity. 4.    Focus on Quality: Market your carbon credits as “high integrity” solutions. Highlight the thorough MRV processes that ensure your credits deliver genuine carbon reductions. 5.    Engage with the Community: Show your leadership in the industry by contributing to the development of best practices and supporting policies that enhance transparency and accountability. 6.    Cost-Efficiency: Streamline your marketing messages to include how you are working towards reducing the price of carbon removal. This makes your credits more attractive to a broader audience, emphasizing value without compromising quality. By aligning your marketing strategies with the new principles, you can not only meet regulatory expectations but also position your brand as a leader in the carbon market. For more insights, read Heather Clancy's article on GreenBiz Group: https://lnkd.in/e-q_XVjp #CarbonCredits #Sustainability #ClimateAction #CarbonMarkets #ESG

Scope 3 emission reporting remains the biggest hurdle in achieving transparency, leaving significant data gaps and limited control for companies. News by Global Trades shares a more rigorous approach to Scope 3 reporting to avoid greenwashing and achieve real sustainability progress. Click link to read the news: https://bit.ly/4cmfQxO *Credit Global Trade Follow us for more info & visit www.ecocarbon.asia today to get insights of your daily emission! #ecocarbon #globaltrade #emissionreporting #emissionsolution #ghgmission