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))