Headlines like “Revealed: more than 90% of rainforest carbon offsets by biggest certifier are worthless, analysis shows” tell of the big problems faced by Voluntary Carbon Markets (VCM). VCMs are markets for buying, selling, and investing in carbon credits tied to avoided, reduced, or removed greenhouse gas emissions. But they are struggling to define, measure, verify, and value carbon credits in an efficient, transparent, and standardised … [Read more...]
“Battery Passports”: ensuring environmental sustainability, decarbonisation and mining labour rights
With battery production taking off, concerns are focussed on environmental sustainability, carbon footprint and labour rights where the raw materials are mined. Benedikt Sobotka, Co-Chair at the Global Battery Alliance and Robin Zeng, CEO at Chinese manufacturer Contemporary Amperex Technology, writing for WEF, describe the concept of the digital “battery passport” where compliance with the rules is certified and monitored throughout the life … [Read more...]
EU Carbon Removal Certification Framework: new rules to turn greenwashing into genuine removals
The EU Carbon Removal Certification Framework intends to drive forward technological and natural carbon removals, and prevent greenwashing through robust standards and certification procedures. It’s to deal with the existing poorly monitored carbon removals market: the lack of oversight, transparency, trustworthiness, and genuine climate impact (additionality) of projects and certificates. Simon Göss at carboneer looks at the current proposals, … [Read more...]
COP26: a strategy for tackling “imported deforestation”
Palm oil, beef, cocoa, coffee, soy, and other agricultural products are responsible for deforestation in the producing countries. Of the 10m hectares of tropical forest lost each year, two-thirds can be unambiguously attributed to agricultural expansion and international trade is responsible for about half of this. The EC is due in December to unveil a legislative proposal to address the issue. Alain Karsenty and Nicolas Picard, writing for IFRI, … [Read more...]
CBAM needs universal adoption of methods for measuring carbon intensity
Europe needs to account for the emissions of imported goods. That cannot happen without the international agreement on standards and certification systems for the carbon intensity of all steps in the value chain for all relevant products. Dolf Gielen and Francisco Boshell at IRENA and Massamba Thioye at the UNFCCC explain that several such systems exist around the world, but they need to be harmonised and widely adopted to truly reflect what is … [Read more...]
Saudi Arabia’s clean hydrogen plans for converting ambitions into action
The recent Memorandum of Understanding with Germany on clean hydrogen cooperation underlines Saudi Arabia’s ambition in becoming a global powerhouse producer in this field. Governments and industry players are currently considering clean hydrogen as an energy vector with key energy transition roles in an increasingly carbon-constrained world. Hydrogen has the potential to grow into a trillion-dollar commodity market, with enormous opportunities … [Read more...]
