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  MEDIA RELEASE 


WORK STARTED TO DEFINE FUTURE OF
DIGITAL CARBON MARKETS 


Gold Standard’s working groups developing digital solutions and governance frameworks for 1. Monitoring, 2. Assets and 3. Infrastructure are under way with the goal to grow carbon markets that accelerate climate mitigation and sustainable development. 

GENEVA, SWITZERLAND - 11/08/2022
Gold Standard, with partners ClimateCHECK, IOTA Foundation and Cosmos Partners today has announced the launch of three working groups that will explore next-generation digital technologies to transform today’s manual processes in carbon markets. The objective is to facilitate efficient, scalable systems that deliver real, exponential impact, particularly for those most vulnerable to climate change.  The three working groups are:  
  • DIGITAL MONITORING, REPORTING AND VERIFICATION (MRV)
    Develop guidance for standards and methodology developers to incorporate digital requirements to improve data quality and assurance. 
     
  • DIGITAL ASSETS FOR CLIMATE IMPACT
    Leverage digital ledger technologies while avoiding perverse incentives, double counting and claiming or other integrity risks.
     
  • DIGITAL INFRASTRUCTURE AND OPEN APIs
    Connect ecosystem of market participants while promoting trust, transparency, interoperability and access.

Gold Standard CEO Margaret Kim said: 

“We need high-functioning catalytic and inclusive carbon markets to address the climate emergency; the efficiency, accuracy and interconnectivity needed to achieve this can only be achieved through effective and inclusive digital solutions.” 
 

“We look forward to working with a broad range of experts committed to ensuring markets deliver real climate mitigation while accelerating measurable progress to sustainable development.”  

The most recent Intergovernmental Panel on Climate Change (IPCC) report makes clear that the chance to secure a safe climate is now or never. At the same time, those in the developing world are at risk of being excluded from new climate-related innovations. Recognising the important role of carbon markets yet mindful of the risks of improperly designed systems, an Open Collaboration supported by Google.org, Google’s philanthropic arm, aims to accelerate the growth of carbon markets while safeguarding integrity and maximizing positive impact.  
 
The membership of the groups can be viewed online. Outputs from these groups will be shared for consultation and input in due course. 

VIEW FULL MEDIA RELEASE

 TERMS OF REFERENCE 

REQUIREMENTS FOR CERTIFICATION OF
ADAPTATION DESIGN & OUTCOMES


The most recent IPCC report shows neither nations, industries, nor local communities are on track to meet mitigation goals of less than 2C above industrial levels. In other words, even accelerated efforts to reduce carbon emissions are not going to prevent material climate change impacts. It is essential that countries, cities, and communities start taking action to adapt to a warming world, whilst simultaneously continuing to reduce their emissions. 

Gold Standard has partnered with Resilient Cities Catalyst’s (RCC) to develop standard requirements to help design and develop adaptation projects that build local resilience, furthering our support to achieve the goals of the Paris Agreement.
 
The terms explain the nature of our work, the process followed to develop draft requirements and clarifies how stakeholders can engage in our work on Adaptation. The publication of the terms adhere to the ISEAL Code of Good Practice. They are issued ahead of the public consultation on the requirements to be published in Q3 2022.
 
DOWNLOAD ADAPTATION TORs

 REQUEST FOR PROPOSALS 

STREAMLINE AND BUILD CAPACITY FOR
VALIDATION AND VERIFICATION SERVICES 


Gold Standard is seeking an organisation to develop standardised reporting templates to streamline the validation/verification process to better support Validation and Verification Bodies (VVBs) and to help improve timelines for certification, whilst ensuring more efficient and consistent reviews in the future.

This work is part of a broader set of initiations that are being released to support the Gold Standard project development and certification process. 

Closing date for submissions is 30 August 2022.
 

DOWNLOAD REQUEST FOR PROPOSAL

 REPORT 

ANNUAL REPORT 2021

2021 was an important year for our collective journey towards climate security and sustainable development for all. As the world came together at COP 26 to accelerate climate action, Gold Standard advocated for the adoption of ambitious rules underpinning Article 6. Immediately following the welcome decisions in Glasgow, work began on aligning our standard with Article 6 outcomes to ensure Gold Standard credits can be used for different and evolving purposes in a rapidly changing global market. 
 
Our work in carbon markets achieved more than ever before - issuing over 40m credits. We developed innovative new ways of driving progress towards the Paris Agreement and Sustainable Development Goals, including by launching the Value Change Initiative, the Subnational Climate Finance initiative and other partnerships to scale climate and development impact.
 
Thanks to all of our supporters, stakeholders and partners for your support and collaboration during 2021.  

VIEW 2021 ANNUAL REPORT
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