BlueCarbon in the voluntary carbon market
•
0 gostou•830 visualizações
Presented by Amy Schmid, Manager, Program Development, VERRA. At the event of Steps towards Blue Carbon mitigation under NDCs in Latin America and the Caribbean, 7 July 2020 The presentation covers overview of the voluntary carbon market, VCS program, opportunities and barriers for blue carbon project development, UNFCCC vs Voluntary accounting
Recomendados
Recomendados
Mais conteúdo relacionado
Mais procurados
Mais procurados (20)
Semelhante a BlueCarbon in the voluntary carbon market
Semelhante a BlueCarbon in the voluntary carbon market (20)
Mais de CIFOR-ICRAF
Mais de CIFOR-ICRAF (20)
Último
Último (20)
BlueCarbon in the voluntary carbon market
- 1. Blue Carbon in the Voluntary Carbon Market Amy Schmid, Manager, Program Development 07 July 2020
- 3. 1) Overview of the voluntary carbon market 2) VCS Program: • Overview • Blue carbon methodologies • Project development process • MRV & reporting requirements • Blue carbon project examples • Linking with additional certifications 3) Opportunities and barriers for blue carbon project development 4) UNFCCC vs Voluntary accounting Blue Carbon in the Voluntary Market 7 July 2020
- 4. Voluntary Carbon Markets 7 July 2020 Source: Forest Trends Ecosystem Marketplace, State of the Voluntary Carbon Market 2019: Financing Emission Reductions for the Future, December 2019 (unpublished).
- 5. 0 10 20 30 40 50 60 70 80 90 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 MillionsofVCUs Increasing Importance of NCS 7 July 2020 ----- Non-NCS Issuances----- NCS Issuances ----- Total Issuances Conservation (REDD) Reforestation (ARR) Blue Carbon (WRC) Agriculture (ALM) RE LFG HFC/ N2O Conservation Restoration/ Removals Energy/ Industry Grasslands (ACoGS) +
- 6. What is a Voluntary GHG program? 7 July 2020 www.verra.org/project/vcs-program/ https://registry.verra.org/
- 7. • Guiding principles and high-level requirements for all VCS projects • Eligible activities and interventions • Project length and crediting timeframe • Legal considerations – ownership, compliance with local laws and regulations • Social and environmental safeguards • Pooled buffer to address risk of non-permanence VCS Standard 7 July 2020
- 8. Components of a methodology Applicability Conditions Project Boundary Baseline Scenario Additionality Quantification of ERRs Monitoring Procedures
- 9. • Methodology for Tidal Wetland and Seagrass Restoration, VM0033 • REDD+ Methodology Framework (REDD+MF), VM0007 blue carbon revision coming soon! • Afforestation and reforestation of degraded mangrove habitats, AR-AM00014 (large- scale) • Afforestation and reforestation project activities implemented on wetlands, AR- AMS0003 (small-scale) Available Methodologies 7 July 2020
- 10. VCS Certification Process 7 July 2020 • Select an appropriate methodology • Draft project description • Complete validation • Monitor project results • Verify emission reductions/removals • Register project • Issue Verified Carbon Units (VCUs)
- 11. • Timing: flexible – can include multiple years of monitored data per verification • Requirements: • Monitored data (per requirements in methodology) to calculate carbon stock changes and/or emission reductions • Verification by an approved independent third party auditor • Review and approval by Verra VCS MRV Requirements 7 July 2020
- 12. • Specific requirements set out in the applied methodology • Above and belowground biomass carbon stock changes • Soil carbon stock • Emissions from fossil fuel use & biomass burning • Allochthonous carbon estimation • Area of wetland degradation (conservation projects) • Estimation of non-permanence risk (incl. sea level rise) Blue Carbon Monitoring Requirements 7 July 2020
- 13. • Latin America: • Colombia – Blue Carbon Project Gulf of Morrosquillo “Vida Manglar” (under development) • Other Geographies: • Livelihoods' mangrove restoration grouped project in Senegal • India Sunderbans Mangrove Restoration • Mangrove Restoration and Sustainable Development in Myanmar • More on the Verra Registry VCS Blue Carbon Projects 7 July 2020
- 14. • Certify benefits to climate, local communities and the environment Additional Certifications 7 July 2020 • Additional certifications can be used to certify environmental and social safeguards • Allows for a “label” to be added VCUs • Certify project contributions to the SDGs • Coastal resilience asset (under development by The Nature Conservancy)
- 15. • Verra Blue Carbon Working Group (2020) • Opportunities: • High demand for blue carbon credits and “removals” credits • Associated non-carbon benefits (e.g., coastal resilience) • Barriers: • Methodology for blue carbon conservation not yet approved • Technical complexity of wetlands and methodologies: • Hydrological connectivity • Allochthonous carbon • Sea level rise and planning for wetland migration • Data availability Opportunities & Barriers 7 July 2020
- 16. • Country vs. site-level accounting • Differences in the ecosystem and activity types that are included • Conservation and restoration • Mangroves, seagrasses and salt marshes • Differences in carbon stocks, GHG emission sources included in accounting UNFCCC vs. VCS 7 July 2020
- 17. • Where included in national Forest Reference Emission Levels (FRELs), blue carbon projects may be able to nest into the FREL • FRELs may not always include all relevant: • Blue carbon ecosystems (e.g., seagrasses) • Carbon stocks and pools • GHG’s • Carbon removals / carbon stock enhancement • Potential for “double-counting” of emission reductions/removals Reporting to UNFCCC and VCS 7 July 2020
- 18. Verra 1 Thomas Circle, NW Suite 1050 Washington, DC 20005 www.verra.org Thank you Amy Schmid Manager, Program Development aschmid@verra.org