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In September, we shared our vision for scaling an integrated global carbon market that raises ambition for the public and private sector alike.
 
We view this future market not defined by distinct voluntary and compliance systems, but as one market used for different purposes that will evolve over time to achieve the goals of the Paris Agreement.

The updates shared here represent steps to open new opportunities for robust market action under the Paris Agreement, enabling Gold Standard credits to meet CORSIA eligibility, the core carbon principles established by the TSVCM, as well as anticipated Article 6 requirements in the near future. This will in turn allow Gold Standard project developers to meet maximum sources of demand as quickly as possible, as the uses of Gold Standard credits evolve and expand. 

Our efforts on the use of carbon credits will be in two parallel paths:

  1. Enable operationalisation of corresponding adjustments as simply and efficiently as possible
  2. Support development of an impact claims framework and build demand for credits without adjustments – more to come soon.

 

 PRESS RELEASE 
 

GOLD STANDARD AND COSTA RICA PARTNER TO SAFEGUARD INTEGRITY IN THE VOLUNTARY CARBON MARKET

For the first time, a national government and an international climate standard collaborate to ensure claims around carbon offsetting and carbon neutrality can be made responsibly under the Paris Agreement.
 
As Net Zero pledges proliferate and demand for carbon credits grows, Gold Standard and the Costa Rican Ministry of Environment and Energy (MINAE) announce that they will partner to develop best practices for processes to ensure the integrity of voluntary carbon offsetting claims.
 

VIEW FULL PRESS RELEASE

 CONSULTATION 
 

OPERATIONALISING ARTICLE 6 AND ENABLING RESPONSIBLE CLAIMS


CONSULTATION PERIOD

12 October 2021 - 19 November 2021  
 

In November, governments will meet for COP26, where they are expected to reach long-awaited agreement to a rulebook for Article 6 of the Paris Agreement, providing much needed clarity for market participants. This alongside trusted guidance from the Greenhouse Gas Protocol and the Science Based Targets as well as initiatives like the Carbon Pricing Leadership Coalition, the Voluntary Carbon Market Integrity Initiative, and the World Bank’s Partnership for Market Readiness study will establish new norms for best practice in the use of carbon credits.
 
In support of these initiatives and to enable early action by market participants, we are introducing a consultation for:

DOUBLE COUNTING REQUIREMENTS AND PROCEDURES

The process and requirements by which Gold Standard will manage credits authorised for use under Article 6 and for other responsible claims, with corresponding adjustments.

The new process will form part of a revised set of double counting requirements and will give Gold Standard certified projects and the buyers that support them the option and ability to appropriately avoid double claiming with host country NDCs under the Paris Agreement. A post-consultation version will be introduced as soon as possible following the conclusion of COP26, amended as required to reflect feedback from this consultation and the outcome of UNFCCC negotiations.
CLAIMS GUIDELINES

Updated Claims Guidelines to provide new guidance on claims that may be made with respect to Gold Standard carbon credits with various attributes.

These Guidelines include updates to provide clarity on the responsible use of Gold Standard credits as the market moves into the Paris Agreement era, including how this will be managed in the early years of this transition. Gold Standard is also participating actively in the Voluntary Carbon Market Integrity Initiative, which intends to provide claims guidance across the market.

Our new process for Article 6 authorised units is optional, but will allow Gold Standard project developers to be amongst the first to implement activities under Article 6. Subject to the outcome of the climate change negotiations, it will enable Gold Standard credits with vintages of 2021 or later to be used by:
 
  • Aeroplane operators towards obligations under CORSIA, the Carbon Offsetting and Reduction Scheme for International Aviation (subject to approval by the ICAO Council)
  • Governments towards their Nationally Determined Contribution (NDC) under the Paris Agreement
  • Companies, organisations and individuals towards robust voluntary ‘carbon offsetting’ or ‘carbon neutral’ claims
 
Following a consultation earlier this year, the revised Claims Guidelines confirm that only post-2020 credits that have corresponding adjustments are recognised by Gold Standard for use towards offset-based claims such as carbon neutrality. However, reflecting the need for a period of transition, we do not intend to act in cases where non-adjusted credits are used towards such claims, though we do encourage users to align claims with our Guidelines – and emerging best practice across the market – as soon as practicable.
 
The Gold Standard Impact Registry will be updated to identify credits which have been authorised for use under Article 6 and for which a corresponding adjustment has been applied. Credits currently eligible for CORSIA will be identified in the Registry before the end of the year.
 
 
How to provide feedback:
 
We are seeking feedback on this new process and the claims guidelines, specifically on any needed clarifications or ways we can make the process more efficient.
 
Feedback can be provided in this online form until 19 November 2021.
 
VIEW CONSULTATION: OPERATIONALISING ARTICLE 6
VIEW FAQS ON CORRESPONDING ADJUSTMENTS + CLAIMS
 WEBINAR 
 

TECHNICAL CONSULTATION
Operationalising Article 6 and enabling responsible claims
 

21 October 2021
15:00 CEST / 10:00 EDT 

This webinar is part of the series of work we have been doing to align Gold Standard projects with the Paris Agreement. The Gold Standard Secretariat will provide more information and take questions on the two consultation documents, following opening remarks from:
  • Felipe de Leon, Adviser, Climate Change Directorate, Ministry of Environment, Costa Rica
  • Florian Eickhold, Climate Finance and Environmental Markets Expert, atmosfair

 EXPRESSION OF INTEREST 
 

ARTICLE 6 EARLY MOVER PROGRAMME


Article 6 introduces a new paradigm for market activity. In recognition of this, we are establishing an Early Mover Programme over the course of 2022, intended to provide technical support for first movers seeking to use the new requirements for Article 6-authorised credits. This may include project developers seeking authorisations, host countries intending to issue authorisations and other stakeholders supporting this process.

Stakeholders are invited to register their interest below. Expressing interest comes with no obligations but will enable us to contact you with more information on the support and opportunities available.
VIEW ARTICLE 6 EARLY MOVER PROGRAMME

 GUIDE 
 

ALIGNING THE VOLUNTARY CARBON MARKET WITH THE PARIS AGREEMENT: A practitioner's guide


With a focus on the voluntary carbon market, we have created an online guide that provides the most up-to-date information on what changes will, or are likely to, be needed to existing approaches in order to align with the Paris Agreement. This page will be updated over time to reflect latest developments, lessons learned and new reading materials.

 
VIEW PRACTITIONERS’ GUIDE
EVENTS
IN THE NEWS
2021 Energy Risk and Governance Summit
14 October 2021

Responsible Business Summit: Is carbon offsetting a licence to pollute?
14 October 2021
Register

Driving Climate Action through Clean Cooking
20 October 2021
Register

 
IUCN to develop collaborative certification scheme for Nature-based Solutions
IUCN, September 2021

A step on from carbon neutral, what is carbon negative beauty, and which brands are leading the new eco frontier? 
Glamour Magazine, 13 September 2021

One type of aviation offset is a flight of fancy
Financial Times, September 2021
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