22 November 2024
James Brown
Key mechanisms underpinning these principles include the Greenhouse Gas Removal Standard and Nature Investment Standards, developed in partnership with the British Standards Institute. These frameworks aim to create measurable, transparent pathways for businesses to invest in carbon removal and nature restoration, ensuring credibility and scalability in addressing climate goals.
To meet its climate targets, the UK must more than double its annual investment in low-carbon sectors, increasing from £60 billion in 2023 to over £130 billion by the 2030s.
For businesses and investors, this underscores the urgency and opportunity in scaling up their contributions through credible carbon markets and aligned projects.
The principles are as follows:
Together, these principles provide a roadmap for organisations to engage responsibly with voluntary carbon markets. By embedding transparency and collaboration into their strategies, businesses can maximise the credibility and impact of their climate actions.
For the first time, we are starting to witness an emerging uniformity in local carbon initiatives, in what has historically been a fragmented market. While this represents significant progress, the details of implementation remain critical.
The alignment of principles is promising, but a robust and reliable system of Monitoring, Reporting, and Verification (MRV) will be central to ensuring these goals are met effectively. This evolving standardisation signals a pivotal moment for the voluntary carbon market, creating new opportunities for corporates and investors alike.
At CFP Energy, we specialise in helping businesses unlock the full potential of carbon markets.
Whether you're seeking short-term access to high-quality credits or looking to co-invest in transformative projects, our team offers tailored solutions to meet your needs. We empower our clients to make confident, strategic decisions in this dynamic landscape.
Let us help you turn emerging opportunities into actionable results—contact us to explore how we can work together.
The approval of Article 6 of the Paris Agreement at COP29 in Baku, marks a historic moment for global climate action. Article 6 introduces market-based mechanisms that enable countries to transfer emissions mitigations internationally to meet climate targets. After nine years of negotiations, nations have finalised the frameworks for its two main components, Article 6.2 and 6.4, fully enabling their implementation.
As the aviation industry navigates the first year of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) Phase 1 (2024–2026), this week’s approvals of additional carbon crediting standards have influenced the market landscape, introducing both opportunities and complexities.
As part of the European-wide effort to achieve net zero, drive the energy transition forward and create a more sustainable world, CFP Energy is working to support organisations based in Germany covered by the national Emissions Trading System (nationales Emissionshandelssystem) (nEHS).