Well That Accelerated Quickly
CarbonCredits.com Carbon Recap for the week ending June 11, 2022
Chapters:
00:00 - Intro
0:26 - A Green Royal Edict
0:57 - Fishing As Bad As Flying?
1:21 - Canada Joins the VCM
1:44 - Your Carbon Credit Scorecard Is:
2:20 - Ready for the Carbon Market To Take Off?
2:59 - Carbon Pricing Explained:
3:10 - Everland’s to Make 800M Carbon Credits
3:22 - EU Parliament Rejects EU ETS Reform
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Links Below for full articles 👇
A Green Royal Edict
The UK’s Royal Mail has long relied on “posties” who beat the streets to deliver the mail the old-fashioned way - on foot.
But the service has stepped things up a bit with a zealous 4-step plan to reach net-zero by 2040.
Key figures behind the push are the 5.8% increase in emissions from 2020-2021, probably due at least in part to lockdown-fueled online shopping binges.
Factor in the increased volume, and the Royal Mail still managed to decrease emissions intensity by 6.9%.
Full Article - UK’s Royal Mail Pledges Net Zero Carbon Emissions by 2040 👇https://carboncredits.com/royal-mail-...
Fishing As Bad As Flying?
It is - at least if you’re a commercial bottom-trawling fishing boat. It’s not because of the boats themselves, but because bottom-trawling intentionally disturbs the world’s largest carbon sink - the ocean floor.
It’s an unholy environmental trifecta - terrible for biodiversity, devastating to seafloor environments, and resulting in increased emissions from disturbed sediments.
Full Article - Bottom Trawling Fishing Emits as Much Carbon Emission as Aviation👇https://carboncredits.com/bottom-traw...
Canada Joins the VCM
Well, not so much “joins” as “builds its own.” The Canadian Environment Minister has proposed building a national carbon offsets market.
The offsets will be traded under the same framework as carbon credits.
The current idea is to start small, with offsets generated by local municipalities that trap methane emissions from landfills.
Full Article - Proposed Regulation Creates Canada’s 1st Carbon Offset Market 👇https://carboncredits.com/canada-firs...
Your Carbon Credit Scorecard Is:
The Carbon Credits Quality Initiative (CCQI) aims to solve the pesky problem of sorting “good” credits from “bad” ones, the ones with little additionality and poor quality control.
To make that process easier, they’ve devised an online scorecard that assesses credits on a number of points, including:
• Type of project
• Accrediting organization
• Project’s country of origin
• Date
• Quantification methodology
The CCQI is supported by the WWF, the Environmental Defense Fund, and a number of key environmental organizations.
Full Article - Carbon Initiative Reveals New Online Scoring Tool for Carbon Credits👇https://carboncredits.com/online-scor...
Ready for the Carbon Market To Take Off?
Ernst and Young, market analysts of some repute, estimate that the volume of carbon credits will increase by upwards of 40x by 2035.
Credit prices will rise as well, potentially reaching $150 per tonne by the same date. That’d be a six-fold increase over current prices, which average around $25 per tonne depending on the market.
Put another way - despite the explosive growth the global carbon market has seen in the past few years, this isn’t the main show yet.
We’re still in the warm-up stages.
Full Article - Carbon Credits Volume Will be 40x More, Prices Will be $150/Ton by 2035 👇https://carboncredits.com/carbon-cred...
Carbon Catchup
Here are some of the other key stories we've been covering the last week.
Carbon Pricing Explained:
How Carbon Credits, Carbon Offsets and Taxes are Priced. Let’s break down carbon pricing, starting with a simple question: why put a price on carbon at all?
Full Article - Carbon Pricing Explained: How Carbon Credits, Carbon Offsets and Taxes are Priced👇
https://carboncredits.com/carbon-pric...
Everland’s to Make 800M Carbon Credits
Everland unveiled “The Forest Plan” to end deforestation by developing up to 75 forest conservation (REDD+) projects around the world.
Full Article - Everland’s Forest Plan Funds 75 Projects to Make 800M Carbon Credits 👇https://carboncredits.com/everland-fo...
EU Parliament Rejects EU ETS Reform
The European Parliament voted down the biggest reform bill of the European Union Emissions Trading System (EU ETS) after a surprising series of votes that blocked its passage.
Full Article - EU Parliament Rejects EU ETS Reform Bill, Delays 2 More Climate Laws 👇https://carboncredits.com/eu-parliame...
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