CCP label ushers in high integrity credits from project types with tremendous opportunity for driving support to nature based and local climate solutions
LOS ANGELES, CA – The Governing Board of the Integrity Council for the Voluntary Carbon Market (Integrity Council) approved the Climate Action Reserve US and Canada Biochar Protocol Version 1.0 as meeting its high-integrity Core Carbon Principles (CCP) and Mexico Forest Protocol Version 3.0 as CCP-approved pending remedial action.
“The Climate Action Reserve welcomes the actions of the Integrity Council to build further confidence in the integrity of carbon credits from these sectors. Biochar in the US and Canada is a first step as we look to expand with further protocols in Mexico, Europe, and elsewhere, and as we’ve directly witnessed from working in the Mexican forestry sector for two decades, building more value in these credits will provide stronger financial support for climate solutions in local communities,” said Robin Rix, President, Climate Action Reserve.
Biochar is produced by heating biomass at high temperatures in a controlled environment with limited oxygen. This end product can lock up carbon and keep it out of the atmosphere for centuries – and potentially millennia – and can provide a number of ancillary benefits for reducing emissions.
The US and Canada Biochar Protocol is the sixth Reserve protocol to receive full CCP approval. It provides guidance for the development of biochar projects in the United States and Canada and on tribal/First Nation lands within each country. Projects divert biomass from its use in “business as usual” situations to instead being heated into biochar.
“Numerous indicators show project developers and buyers view biochar projects as tremendous opportunities. The key is to make sure biochar projects follow transparent, rigorous standards so we can capitalize on this promising climate solution,” said Jon Remucal, Director of Nature-Based Solutions, Climate Action Reserve. “As the Integrity Council’s CCP-approval validates, the Reserve’s US and Canada Biochar Protocol meets this opportunity by providing guidance for developing biochar projects at a high-integrity level.”
The Mexico Forest Protocol provides guidance on the project development and crediting of carbon projects that use trees in Mexico to sequester carbon from the atmosphere. It is an excellent example of the Reserve’s jurisdictional approach to protocol development and the benefits yielded by that approach.
The Integrity Council approved Version 3.0 of the Mexico Forest Protocol as meeting CCP standards with remedial action on leakage. The Reserve is already working on an errata to address the remedial action on leakage. The Governing Board of the Integrity Council will review completion of this remedial action, and once completion is confirmed, credits issued to IFM projects with 40+ years of permanence commitment under the protocol can be tagged as CCP-approved.
“Receiving CCP-approval for credits under the Mexico Forest Protocol is especially appreciated because it further rewards the voluntary actions taken by ejidos and communities in the country. Local communities develop and manage their projects aligned with their communal-governance structures, which require community input and oversight through general assemblies and voting,” said Amy Kessler, Director of Latin America, Climate Action Reserve. “Because the Reserve takes a jurisdictional approach, the Mexico Forest Protocol has taken into account local considerations, regulations and circumstances, including the Agrarian Law and the importance of communities voting permanence commitments into their Assembly Acts.”
For more information on CCP-approved methodologies and programs, please visit https://icvcm.org/assessment-status/.
The Climate Action Reserve is the most trusted, efficient, and experienced offset registry for global carbon markets. A pioneer in carbon accounting, the Reserve promotes and fosters the reduction of greenhouse gas (GHG) emissions through credible market-based policies and solutions. As a high-quality offset registry for voluntary carbon markets, it establishes rigorous standards involving multi-sector stakeholder workgroup development and local engagement and issues carbon credits in a transparent and publicly available system. The organization also supports compliance carbon markets in California, Washington and internationally. The Reserve is an environmental nonprofit organization headquartered in Los Angeles, California with staff members located around the world. For more information, please visit www.climateactionreserve.org.
The Climate Action Reserve is an equal opportunity provider.
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