Climate 411

At COP29, Article 6 must deliver on urgent finance for forests and Indigenous communities

By Pedro Martins Barata and sagarcia / Published: November 13, 2024

This blog was authored by Pedro Martins Barata, Associate Vice President, Carbon Markets and Private Sector Decarbonization and Santiago García Lloré, Senior Manager, IPLC & Conservation Partnerships, Forests

UN Climate Change, Kamran-Guliyev/ Flickr

At the start of COP29, negotiators in Baku secured a major breakthrough by agreeing on new standards for a UN-led global carbon market under Article 6 of the Paris Agreement, potentially unlocking billions in funding for climate projects.

But the terms of the standards are still flexible, meaning there’s a real chance to shape them to make sure the money goes where it’s needed most – like Indigenous Peoples and local communities who are fighting to conserve the planet’s last intact forests, known as high forest, low deforestation (HFLD) regions.

The stakes are higher now than ever, especially after the recent US election, which casts doubt on future public climate funding from one of the world’s biggest economies. In this uncertain landscape, carbon markets must step up to fund critical climate solutions, especially nature-based projects like forest conservation.

Also posted in Carbon Markets, Forest protection, Indigenous People, Paris Agreement, United Nations / Tagged Article 6, Carbon Markets, climate change, climate finance, COP29 | Authors: pmartinsbarata, sagarcia / Leave a comment

Breaking Barriers: Empowering Indigenous Voices in Global Climate and Biodiversity Decisions

By Guest Author / Published: September 20, 2024

Sonia Guajarara, Minister of Indigenous Peoples of Brazil, leads a march at COP28 in Dubai, UAE.
Photo: Estevam Rafael / Audiovisual / PR / Palácio do Planalto via Flickr

Léalo en español

This post is written by Santiago García Lloré, Senior Manager of IPLC and Conservation Partnerships at EDF.

In the coming days, major international events like New York Climate Week, the COP for the Convention on Biological Diversity (CBD) in Cali, and the UN Climate Change Conference (COP) in Baku will gather world leaders to discuss solutions to the climate and biodiversity crises. Once again, there will be calls to include Indigenous Peoples and Local Communities (IPLCs) in these discussions. This recognition is not just about their crucial role as stewards of forests and biodiversity; it’s about understanding that real, sustainable solutions won’t be possible without their voices at the table.

Despite all their efforts, it remains extremely difficult for IPLCs to participate meaningfully in these events. Even though Indigenous and local community leaders strive to be present and contribute to global discussions, their journey to these forums is fraught with challenges. At COP27 in Egypt, around 300 Indigenous representatives attended, and approximately a similar number attended at COP28 in Dubai. However, the impact of their presence is often limited because of the many barriers they must overcome. These obstacles make it incredibly hard for Indigenous voices to be fully heard and valued despite their significant efforts to be part of these critical conversations.

Also posted in Forest protection, Indigenous People, Paris Agreement, United Nations / Authors: guest / Comments are closed

VCM 2.0: Navigating High-Integrity Carbon Markets for Corporate Impact

By Pedro Martins Barata and Jordan Faires / Published: September 18, 2024

Ecuadorian Amazon/ EDF 2022

2024 marks a pivotal moment for carbon markets as the voluntary carbon market (VCM) transitions into its next phase: VCM 2.0, a high-integrity, high-impact market that has the potential to reshape how we tackle climate change. But what does this mean for corporate buyers who want to use carbon credits to tackle near-term emissions on their journey to net zero?

For companies, the path forward is clear: While decarbonizing your own operations and value chain remains the top priority, carbon credits can help you go further by compensating the emissions that are currently unavoidable. But only high-quality, high-integrity credits should be part of that equation.

Also posted in Carbon Markets / Tagged Carbon Markets, Climate Week NYC | Authors: pmartinsbarata, jfaires / Comments are closed

Progress to catalyze jurisdictional REDD+

By Angela Churie Kallhauge / Published: February 2, 2024

Boat on a river in the Ecuadorian Amazon rainforest

Ecuadorian Amazon. Photo by Leslie Von Pless, EDF.

This blog post is authored by Angela Churie Kallhauge, Executive Vice President, Impact at Environmental Defense Fund (EDF), with contribution from Katie Goslee, Director of Nature-Based Solutions, Winrock International; Stephanie Wang, Associate Director, Wildlife Conservation Society; Jason Funk, REDD+ Strategy Director at Conservation International; and Daniela Rey Christen, Director, Climate Law and Policy

In the fight against the climate crisis, high-integrity jurisdictional REDD+ is intended to be transformational, giving forest communities and governments the ability to tap into the voluntary carbon market to access climate finance needed to ensure that large areas of tropical forests remain intact.

Jurisdictional REDD+ can deliver results, to the benefit of people, nature, and climate. Research shows that larger scale programs to pay for emission reductions from forest conservation – the scale of a whole forest region, state, or nation – are better able to ensure additionality and prevent leakage than are smaller-scale carbon programs. And larger scale programs do so for a longer period of time.

Ensuring high-integrity jurisdictional REDD+ programs are fully functioning has therefore become a key priority for many actors working to reduce deforestation and forest degradation, including businesses, governments, and Indigenous Peoples and local communities.

One problem is that forest nations looking to establish jurisdictional REDD+ programs may not currently have the technical capacity needed to deliver high-integrity carbon credits. This is holding back their access to carbon markets, even as demand for high-integrity jurisdictional tropical forest credits seems poised to accelerate.

The task at hand is to support these jurisdictions in fully unlocking the promise and potential of high-integrity carbon markets at the rapid pace and large scale needed to address the climate crisis. We don’t have much time. If we don’t end and reverse tropical deforestation and degradation by 2030 – only six years from now – the effects could be irreversible.

Also posted in Carbon Markets, Forest protection, Indigenous People, International, United Nations / Comments are closed

Want to understand Natural Climate Solutions Crediting? We have a handbook for that.

By Christine Gerbode / Published: February 1, 2024

The Natural Climate Solutions Crediting Handbook

This blog was authored by Christine Gerbode, EDF’s Manager of Jurisdictional Alliances and Britta Johnston, Senior Policy Analyst for Natural Climate Solutions at EDF.

Natural climate solutions are essential to achieving our global climate goals. A range of studies suggest that a major global scale-up of NCS activities (that is, ways of protecting, restoring, and better managing ecosystems and working lands) can contribute as much as a third of the climate mitigation needed to keep us on track with global climate goals by 2030. That’s in addition to the many other benefits that NCS can bring to people and the planet.

Well-designed NCS crediting systems can help channel urgently needed finance to the people, communities, and countries that steward natural ecosystems and working landscapes.

But NCS crediting remains controversial, in part because it can be a challenge to understand: new crediting methods, business models, and policy frameworks are evolving quickly at local and international levels, and competing messages come from passionate voices working on all sides. If uncertainty, misunderstandings, and confusion lead to unwarranted mistrust of NCS crediting, well-intentioned actors might be pushed to unnecessarily abandon one of the most powerful potential tools in the climate fight.

Stakeholders across the climate space need urgent help to cut through the noise on NCS crediting. The NCS Crediting Handbook aims to meet this need by clearly laying out how high-quality NCS crediting can work—for credit sellers, for credit buyers, and as part of an effective and ethical global climate response.

Also posted in Carbon Markets, Forest protection, News / Comments are closed

Now is the time for companies to help conserve nature. By investing in jurisdictional REDD+, they can do just that

By Breanna Lujan / Published: January 16, 2024

Tropical rainforest. Leslie Von Pless / EDF

By Breanna Lujan, Senior Manager, Natural Climate Solutions

The clock is ticking to halt and reverse deforestation so that we avoid the worst impacts of climate change. The good news is that companies can provide the finance needed to keep the world’s forests standing by purchasing high-quality emissions reductions credits from large-scale tropical forest conservation programs, otherwise known as jurisdictional REDD+ (JREDD+).

In a jurisdictional scale approach to REDD+, a country, state, province or Indigenous territory has the authority to issue credits for forest carbon emissions reductions and removals. Due to the large scale at which they operate, JREDD+ programs have distinct and intrinsic features that enable them to meet key tenets of environmental and social integrity. JREDD+ programs can:

Also posted in Carbon Markets, Forest protection, Indigenous People, News / Comments are closed

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