If you missed part 1 of this series, that’s where we explore the supply side of these essential forest conservation carbon credits. Now, let’s focus on the demand side. Why do organizations purchase ‘Reducing Emissions from Deforestation and forest Degradation’ (REDD+) credits, and how do these transactions support global sustainability goals? As of November 2024, this subject is timely as some REDD+ programs just received the Core Carbon Principles (CCP) label, recognising high-quality carbon credits that create verifiable climate impact.
Erika Schiller is joined by Bryan McCann, Senior Director of Corporate Solutions at Climate Impact X & early leader at LEAF Coalition, and Anna Stablum, ClimeCo’s Director of Business Development in Asia.
Learn how companies use REDD+ credits in voluntary and compliance markets, the claims associated with these purchases, and the challenges to ensure credit quality and transparency. They also discuss the role of international frameworks like Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) and the Paris Agreement’s Article 6 in driving demand, highlighting how these programs encourage corporate sustainability strategies while fostering global cooperation on emissions reduction.
Discover how REDD+ demand drives corporate climate action and why this market is essential for mitigating climate change.
This episode references recent ICVCM approvals of new REDD+ methodologies, including ART TREES v2.0, Verra VCS VM0048, and the Jurisdictional and Nested REDD+ Framework, which aim to improve the credibility of carbon credits.
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Episode Resources:
What is REDD+? - https://unfccc.int/topics/land-use/workstreams/redd/what-is-redd
Natural Climate Solution - https://www.pnas.org/doi/10.1073/pnas.1710465114
LEAF Coalition: https://www.leafcoalition.org/
LEAF Coalition funding to Brazil: Para-ERPA-announcement-Emergent-Final.pdf (emergentclimate.com)
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About ESG Decoded
ESG Decoded is a podcast powered by ClimeCo to share updates related to business innovation and sustainability in a clear and actionable manner. Join Amanda Kuhl, Erika Schiller, and Anna Stablum for thoughtful, nuanced conversations with industry leaders and subject matter experts that explore the complexities about the risks and opportunities connected to (E)nvironmental, (S)ocial and (G)overnance. We like to say that “ESG is everything that’s not on your balance sheet.” This leaves room for misunderstanding and oversimplification – two things that we’ll bust on this podcast.
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ClimeCo is a global sustainability company with projects and partners all over the world. Our mission is to advance the low-carbon future and restore nature with market-based solutions. We offer comprehensive services spanning environmental asset innovation, ESG and climate strategy consulting, regulatory and policy advisory, environmental credits, API solutions, and climate action certification programs.
