Our Verified Carbon Standard Concept Note Acceptance
One significant step closer to full certification
Forests are one of the first and best means we have to remove carbon from the atmosphere, a powerful option in the climate action portfolio, absorbing 8.9 billion metric tons of carbon dioxide per year. But how we design and measure forest carbon projects hasn’t always lived up to the potential or the intentions – with many failing to drive real climate impact. We’ve seen many of these failed projects highlighted in publications like Bloomberg and ProPublica. Not unlike the “horseless carriage” or mobile phone, we can’t stop at our first designs. It’s time forest carbon projects do the same. To raise the bar on quality forest carbon credits, we created Natural Capital Exchange. And now, we are working with Verra to certify the integrity of its carbon credits.
As we develop a step change in forest carbon programs, it is critical to hold ourselves to the highest scientific integrity. The Natural Capital Exchange approach is based on IPCC science, timber economics, and cutting-edge statistical models, and we have worked with academics to hone it. While we already hold ourselves to the highest standards by adhering to best practices such as third-party validation and inclusion on a transparent registry, engaging a certification body such as Verra holds us accountable to the bold vision we’ve laid out. This enables us to further strengthen the program, engage key stakeholders in making it better, and solicit feedback in a structured way.
Working with Verra to advance access, transparency, and quality
We chose to work with Verra’s Verified Carbon Standard (“VCS”) Program because it is a recognized leader in voluntary carbon offset trading with a global reach. Credit buyers and observers trust the Verra brand, and so do we. The organization has demonstrated a commitment to innovation through its consideration of how novel methodologies and technologies can scale impact and improve quality.
Verified Carbon Unit (VCU) concept note acceptance
The Future of Forest Carbon Markets
Forest carbon has great potential as a tool in the path to net zero. But, to ensure we live up to that potential, how we approach quantifying and crediting must evolve. As organizations race to decarbonize economies and supply chains with carbon offsets to help close the gap and accelerate progress, we must continue innovating to ensure carbon credits measure up to our ambition.
Get paid for your standing timber!
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