Australian-based reforestation and carbon advisory provider, Carbon Neutral, has become the first and only organisation in Australia to be awarded a Gold Standard certification for climate interventions for its Yarra Yarra Biodiversity Corridor project. The project transformed previously degraded farm land in Western Australia into a flourishing landscape for flora and fauna. It now covers over 16,000 hectares and has been identified as Australia’s largest biodiverse, reforestation carbon sink. Carbon Neutral is leading the way in connecting with conservation sanctuaries to protect endangered and threatened species across the country and in encouraging organisations to ensure their carbon offsetting is being put towards biodiversity projects. Carbon emission reductions remain crucial for slowing the effects of climate change, but addressing biodiversity loss is also critical. Achieving net-zero carbon emissions is a necessary goal, but not an adequate one. Attention is now turning towards reversing the effects by repairing and restoring natural environments. With governments and organisations committing to reduce carbon emissions to net-zero by 2050, the world’s G7 leaders have signed the 2030 Nature Compact to halt and reverse biodiversity loss by 2030 in the hope that the biosphere will fully recover by 2050.
ICE is preparing to introduce a futures market for carbon credits under CORSIA, which will focus on reducing airline emissions.
Intercontinental Exchange (ICE) announced plans to launch a physically delivered futures contract for carbon credits eligible for use by the...