Natural Climate Solutions: Monthly News & Reports Summary

News stories from January 2021

Recent consultations   

The Science Based Targets initiative (SBTi) has published the first draft of their SBTi Net Zero Standard criteria, which is available for public consultation until 26 February. See the webinar recording for more details.  

The Secretariat of the Architecture for REDD+ Transactions (ART) has announced the launch of a public stakeholder consultation on version 2.0 of The REDD+ Environmental Excellence Standard (TREES). The consultation will be open until 2 April.   

The European Commission has launched a public consultation on the development of a new EU Forest Strategy. The strategy, to be adopted later this year, will build on the EU Biodiversity Strategy to 2030, cover the whole forest cycle, and promote the many services that forests provide. The consultation is open until 19 April.  

Policy & Market Developments  

World Bank FCPF Agreements: The World Bank’s Forest Carbon Partnership Facility (FCPF), after extending the deadline to reach ERPAs with various countries, has signed agreements with 10 countries for a total value of USD 500 million. Most recently, agreements were signed with Fiji and Laos.  

ACR Standard Update: Version 7.0 of ACR’s standard was published in January. The updated ACR standard details ACR’s requirements and specifications for the quantification, monitoring, reporting, verification, registration and issuance of project-based GHG emissions reductions and removals as carbon credits. Version 7 of the standard includes the use of 100-year GWPs from the IPCC 5th Assessment Report and rules to avoid double counting in CORSIA.

Recent Reports


   

Other reports:

Investing in Natural Climate Solutions: The importance of reducing deforestation. IETA, December 2020

Upcoming events

ART TREES: As part of the consultation process, the ART Secretariat is hosting a series of webinars to provide an overview of proposed updates in TREES 2.0 and gather questions and comments from stakeholders:

If your company has recently published a report or news story and you would like to have this published in an upcoming edition of this newsletter, please send an email to henry@ieta.org or cordova@ieta.org