Monday, 7 October 2024.
To start today's post, some questions about projects that generate carbon credits.
Which country has more projects in the World: India, United States, Brazil or Colombia? And specifically REDD/REDD+ projects, Colombia, Brazil or Peru? Improved Forest Management, United States or Mexico? Sustainable Agricultural Land Management, India or Italy? Waste Recycling projects, South Africa or Germany? You might be surprised with some answers.
Released just in time for New York Climate Week a few days ago, a Global Carbon Markets Hub allows users to explore the world’s largest database of voluntary carbon markets transactions. This is how the press release from Ecosystem Marketplace (EM) starts.
And it goes on.
“The voluntary carbon market (VCM) has grown dramatically in the last five years, accompanied by a flood of private investment in the space. At the same time, the VCM has attracted scrutiny over concerns about the potential for greenwashing, and the integrity of project developers’ claims, especially so-called “carbon cowboys” taking advantage of communities in the Global South by taking the lion’s share of carbon credit revenues, with few benefits going to communities themselves.”
See, for example, this recent positioning of more than 100 entities from the Global South, post on LinkedIn.
And all that despite recent progress made by initiatives like the ICVCM and others.
The main features of this new Hub (as of early October 2024) are:
Carbon credit projects from over 100 countries;
Project data on 20,779 projects, including methodology, location, issuances, retirements, SDG certification;
Interactive data visualizations that track and analyze transaction data from 200+ market participants, such as carbon project developers and resellers of carbon credits;
Multiple years range, providing big-picture insight into the VCM over time; and
Key information on how EM filters and categorizes project data.
Carbon Credit Markets navigated the Hub and found the insights absolutely great. By the way, it was the source of the questions at the beginning of the post (spoiler alert: the answer to the questions is the first country listed. Believe it or not).
Click at the image below to access the database, and here for the press release.
Based in United States, in Washington DC, Ecosystem Marketplace is an initiative of the non-profit organization Forest Trends, and a leading global source of information on environmental finance, markets, and payments for ecosystem services.
And stay tuned, very soon Carbon Credit Markets will announce a partnership with the Busca.Global portal to provide official documentation and due diligence services for projects. We will initially focus on Brazil.
Integrity is everything. From beginning to end.
