The Annual Investment Meeting (AIM) has signed a Memorandum of Understanding with climate and development firm Gold Standard to work on projects related to sustainable development. As part of the agreement, Gold Standard will retire carbon credits up to a value of $30,000 to offset the emissions generated by the AIM’s event venue. The aim of the agreement is to promote sustainable development, find innovative new programmes and tools for delivering change, and to facilitate closer cooperation between AIM and Gold Standard. Gold Standard is an NGO established in 2003 by WWF and other international NGOs to increase the environmental integrity of carbon reducing projects whilst promoting sustainable development. The NGO recently launched Gold Standard for the Global Goals to seek optimum impact and value and to promote the Paris Climate Agreement and the Sustainable Development Goals. One of the projects that AIM and Gold Standard will work on is providing safe water in the Central Province of Zambia. By using the safe water resource it is hoped that household consumption of firewood during the process of purifying water will decrease, resulting in a reduction of carbon dioxide emissions.
It is important that carbon credit schemes also benefit local communities.
The World Meteorological Organisation has stated that 193 countries have given unanimous backing to a scheme to monitor global greenhouse...