On Thursday, a coalition of eight prominent environmental and Indigenous Peoples organisations released new guidance to support jurisdictional forest carbon approaches. The guidance is intended to help buyers identify high-integrity credits in the wake of related media scrutiny. The organisations in the coalition are committed to supporting the development of jurisdictional forest carbon credits, which are credits generated from forest conservation and restoration projects in a specific region or jurisdiction. The new guidance provides buyers with a set of criteria to evaluate the integrity of jurisdictional forest carbon credits, such as the project’s environmental and social benefits, the legal and policy frameworks in place, and the project’s governance structure. The guidance also outlines a set of principles to help ensure the integrity of the credits, such as the need for transparency, the use of independent verification, and the avoidance of double counting. The organisations in the coalition hope that the guidance will help to ensure that jurisdictional forest carbon credits are used responsibly and are of high quality.
The restructuring capability of blockchain and the concept of carbon credits.
Blockchain technology is being used to create a more transparent and efficient carbon credits market. The global carbon credit market...