Jennifer Morris, who heads up the global conservation outfit, rules out preserving nature through internationally traded biodiversity credits as it does not make scientific sense, but says “like for like” regional certificates could work.
Energy storage and just transition costs would make such novel credits several times more expensive than the typical renewable energy or forest conservation offsets available today.
The council will rule on major forest carbon project types and programmes, including market goliath Verra, in the coming months. The focus will be on nudging for improvements, a standards oversight and board member tells Eco-Business.
EB Studio
Decarbonisation won’t come easy – especially for Asia Pacific. With its growing presence in Singapore, climate solutions consultancy STX Group aims to assist corporates in the region to navigate the journey.