Demand Side Developments to Jurisdictional REDD+ Projects | ESG Decoded Podcast #154

Dec 3, 2024

In this engaging talk, Bryan McCann, Senior Director at Climate Impact X and an early leader at the LEAF Coalition, dives deep into REDD+ credits and their vital role in corporate sustainability strategies. He highlights how organizations leverage these credits to meet global climate goals and the importance of accountability in transactions. The discussion also explores the influence of international frameworks like CORSIA and the Paris Agreement, illuminating the challenges and opportunities for emissions reduction through forest conservation.

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INSIGHT

Cost-Effective Climate Change Mitigation

Protecting forests and halting deforestation is a cost-effective way to combat climate change.
Market-based approaches, like companies buying carbon credits, are crucial for funding rainforest protection.

INSIGHT

Voluntary REDD+ Market Dynamics

REDD+ credits were a significant part of the voluntary carbon market, but negative press impacted buyer confidence.
Improved credit quality and clearer inclusion in corporate sustainability strategies are key for market growth.

INSIGHT

Trading Jurisdictional REDD+ Credits

Jurisdictional REDD+ credits face challenges regarding trading mechanisms and compatibility with Article 6 of the Paris Agreement.
The debate revolves around how these credits can be used in compliance markets like Singapore's carbon tax.

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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)

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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