Natural Climate Solutions: Monthly News & Reports Summary

News stories from June 2021

Recent consultations   

  • GCF Draft Sectoral Guides: IETA submitted a response to the Green Climate Fund’s (GCF) draft Sectoral Guides on Forests & land use and Ecosystems & ecosystem services on the 30 June deadline
  • TSVCM: IETA and ICROA submitted a joint response on the Phase II work of the Task Force on Scaling Voluntary Carbon Markets (TSVCM) on the 21 June deadline. The final report is expected on 8 July
  • SBTi Net Zero Standard: A second version of the Science Based Target initiative’s (SBTi) criteria for setting net zero targets is expected to be published for public consultation in early Summer 2021. A final net-zero framework, including target-setting guidance and target validation criteria, will be released later this year

Policy & Market Developments  

  • United States Senate: On 24 June the Senate passed a bill requiring the Department of Agriculture to develop a certification program for carbon offsets from forestry and farming, the Growing Climate Solutions Act (S.1251). The bill was approved by a vote of 92 to 8, with broad support from environmental groups, farm lobbies, IETA and many businesses.
  • S&P Global Platts launches VER assessments for nature, household offset projects. S&P Global Platts announced it has commenced assessments for two new categories of voluntary emissions reductions (VERs). Platts’ Nature-Based Carbon Credit Projects incorporates VERs from agriculture, forestry, and other land use (AFOLU) projects, including but not limited to afforestation/reforestation, REDD, no-till farming, wetlands management, and reduced methane from livestock.

Recent Reports

Other reports

Upcoming events

  • UNEP Webinar (6 July): UNEP is holding a webinar, Closing the Financing Gap – Investing in Natural Capital to Achieve the SDGs, on 6 July. Register online to attend.
  • Ecosystem Marketplace-FCPF Webinar (8 July): Ecosystem Marketplace and the World Bank’s Forest Carbon Partnership Facility (FCPF) are hosting a webinar on 8 July, following the launch of their report, A Green Growth Spurt: State of Forest Carbon Finance 2021. Register online to attend.
  • A reminder to respond to Ecosystem Marketplace’s Global Carbon Survey in order to be included in their State of the Voluntary Carbon Market instalments kicking off this summer.
  • IUCN World Conservation Congress (3-11 Sept): IUCN is holding their World Conservation Congress on 3-11 September 2021, in a hybrid in-person and virtual format. Register online to attend