Discover and read the best of Twitter Threads about #VoluntaryCarbonMarket
Most recents (2)
🚨NEW REVIEW PAPER🚨
"International C markets are a very potent tool for mobilizing #CarbonDioxideRemoval in line with Paris Agreement ambitions to limit global warming to well below 2°C. Yet, C market regulators have not systematically approached removals."
#NetZero
#CDR
🧵1/7
"International C markets are a very potent tool for mobilizing #CarbonDioxideRemoval in line with Paris Agreement ambitions to limit global warming to well below 2°C. Yet, C market regulators have not systematically approached removals."
#NetZero
#CDR
🧵1/7
So, a review paper recently published "assesses the highly fragmented treatment of #removals under compliance and #VoluntaryCarbonMarkets, including baseline, credit and cap-and-trade systems."
2/7
2/7
"The Kyoto mechanisms and the large #VoluntaryCarbonMarket standards have long focussed on biological removals without inherent storage permanence and only recently started to develop methodologies for removals with #geological storage, #mineralization or #biochar."
3/7
3/7
1/3 #VoluntaryCarbonMarket price drops 35% in 2 weeks due to media reports casting doubt on #REDD+ projects' efficacy in reducing emissions. Market confidence needs to be restored for demand to pick up.
2/3 Carbon credit buyers expected to request more supporting docs to verify quality. Market interests may shift from emission avoidance to removal projects with fewer risks and better quality credits.
3/3 #Afforestation and tech-based carbon capture & storage projects may see an increase in market demand as #EmissionRemoval projects gain popularity. #CarbonTrading #CarbonCredit
