Wildlife Conservation Society’s Post

The pressure builds.... Of the 5 principles set out in this letter, I find the 4th principle the most interesting: "In addition to the use of credits to support the reduction of their GHG footprint, companies should continue to be strongly encouraged to use a beyond value chain mitigation (BVCM) approach whereby climate leaders can address any emissions that remain each year after they have met their annual progress towards net-zero." As I raised back in April when the SBTi Board released their announcement re use of carbon credits to meet scope 3 GHG targets, if there is to be some "compromise" in order for standard setters like SBTi, VCMI and IC-VCM to have a *common* "end-to-end integrity framework" for carbon markets, then the quid pro quo of allowing the use of high-quality carbon credits in scope 3 abatement should be greater credibility given to BVCM action (see my 10th April post). I would go further than what is proposed in the 4th principle. The guardrails to be developed must include: - Companies wishing to use high-quality carbon credits to meet scope 3 targets should be *required* to take BVCM action (not just "strongly encouraged") - That BVCM action should explicitly include making high-quality Contribution Claims - The VCMI, based on the excellent guidance Science Based Targets initiative and Gold Standard have already developed, should recognise a new type of Contribution Claim, in addition to their existing Platinum, Gold and Silver claims, which goes beyond carbon credits - If companies use instruments other than carbon credits for abatement purposes on scope 3 emissions, then they should be required to also use such instruments for BVCM action on unabated scope 1 and 2 emissions

The Environmental Pillar is calling for the establishment of an €8bn Nature and Climate fund and a €2bn in additional current spending on nature, both which include substantial funding to help farmers to restore nature on farmland. https://lnkd.in/ePJhVzrW

A new peer-reviewed study from Nature has identified that temperate forest conservation and reforestation offer some of the highest certainty in carbon mitigation. At Aurora, we're proud to conserve 1.7 million acres of U.S. temperate forestland - helping to protect these critical carbon sinks while providing our customers with verifiable, durable, and reliable forest carbon credits. https://lnkd.in/eyw7VDGQ

A really interesting paper in Nature finds that forest carbon credits (based on tropical and temporal forest conservation and reforestation) have robust scientific foundations, while other nature-based climate solutions need more research before their environmental impacts are fully understood. Super important that the science backs up the claims

You’ve probably heard about natural climate solutions (NCS) – actions that protect, better manage, and restore forests, grasslands, agricultural lands, and wetlands for emissions reduction and carbon storage. The swift implementation of NCS is critical to avoid the worst effects of the climate crisis – and also support thriving ecosystems, biodiversity, and communities. But to effectively implement these solutions worldwide, we need to truly understand what makes a natural climate solution. A new paper led by Peter Ellis at The Nature Conservancy provides essential guidance and outlines each of the five principles, namely, that NCS are: 🌱 Nature-based 🌾Sustainable ➕Climate-Additional ✍️ Measurable 🌏 Equitable Read more about the principles of NCS and see how these are being applied in projects around the world here 👉🏽 https://nature.ly/48RYI18

I just love the work developed by Conservation International on blue carbon ecosystems! The current text for the Global Stocktake recognizes the pivotal role these ecosystems play in both adaptation and mitigation, fingers crossed they will remain in the adopted text #cop28 #oceans

The swift implementation of natural climate solutions (NCS) – actions that protect, better manage, and restore forests, grasslands, agricultural lands, and wetlands for emissions reduction and carbon storage - is critical to avoid the worst effects of the climate crisis, and also to support thriving ecosystems, biodiversity, and communities. But to effectively implement these solutions worldwide, we need to truly understand what makes a natural climate solution. A new paper led by @Peter Ellis at @The Nature Conservancy provides essential guidance and outlines each of the five principles, namely, that NCS are:   🌱 Nature-based  🌾Sustainable ➕Climate-Additional ✍️ Measurable 🌏 Equitable   Read more about the principles of NCS and see how these are being applied in projects around the world here 👉🏽 https://lnkd.in/gCJpmTuS

Correct decisions from Tanya Plibersek on wetland protection recently. They are fine balancing acts. The interesting thing is that the incorporation of carbon/climate considerations into the EBAC Act may have complicated the Western Port VRET decision, because what is best for climate and biodiversity may not always be in harmony. https://lnkd.in/gByD9Rx6

📄 [PUBLICATION] Discover the policy brief “Coastal blue carbon habitats and Climate change: recommendations for enhanced action under the UNFCCC at SB60” 🌊 Next week, the climate community will meet again in Bonn for the 60th meeting of the Subsidiary Body of UN Climate Change #SBSTA60, where the 2024 Ocean and Climate Change Dialogue will take place on June 11-12. On this occasion, this new policy brief outlines recommendations for opportunities for Parties to advance coastal #NatureBasedSolutions #NBS within ongoing #UNFCCC processes and negotiations related to #Finance, #Ambition and #Adaptation.  💡 This policy brief is timely published to feed into the discussions of this year’s #OceanClimateDialogue, which will focus in part on marine biodiversity conservation and coastal resilience. 🔗 Link to the policy brief: https://lnkd.in/ec2u7b3A This policy brief is published by Rare and Conservation International, along with Ocean & Climate Platform, Blue Marine Foundation, The Nature Conservancy, Ocean Risk and Resilience Action Alliance (ORRAA), Plymouth Marine Laboratory (PML), Silvestrum Climate Associates, University of St Andrews, The University of Queensland and Wetlands International.

Analysis shows a growing inclusion of marine ecosystems in climate strategies On the eve of COP28 analysis shows a growing inclusion of coastal and marine ecosystems in climate strategies. Ocean & Climate Platform, alongside its partners Conservation International, IUCN, Rare, The Nature Conservancy, Wetlands International and WWF, unveil the final version of its report on Coastal and marine ecosystems as Nature-based Solutions (NbS) in new or updated Nationally Determined Contributions (NDCs). The analysis shows that coastal and marine Nature-based Solutions (NbS) are increasingly being integrated into national climate strategies: another sign of the growing recognition of the ocean and its ecosystems as a source of solution to address climate change. Further details here: https://lnkd.in/gDFQy2ep