|
On 12 October 2021 we launched a consultation seeking feedback on the process and requirements by which Gold Standard will manage carbon credits authorised for use under Article 6 and revised claims guidelines to enable responsible claims.
To support this consultation, we are hosting a webinar on Thursday 21 October at 15:00 CEST to provide more information and to answer any questions you may have about these two documents.
|
|
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, 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
|
|
|
|
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, 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.
|
|
|
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.
|
|
|
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
How to provide feedback:
We are seeking feedback 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.
Next steps:
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.
|
|
|
EXPRESSION OF INTEREST
ARTICLE 6 EARLY MOVER PROGRAMME
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.
|
|
|
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.
|
|
|
|
|
