WE DID IT! Both the methodological guidance and the recommendations on removals are approved and forwarded to CMA. Methodological guidance: https://lnkd.in/dqbuDZai Removals: https://lnkd.in/dRJGUEuC Together with the full package of project cycle and accreditation decisions, and the final drafts of the Sustainable Development Tool and the Appeals and Grievance Procedure, these two last documents give Article 6.4 a solid foundation to aim for full operationalization next year. The SB has delivered well beyond what anyone could have expected of us in such a short timeframe. If I may add something personal as the Chair, the biggest challenge in this role is time management! Getting a group of 24 people to work consistently overtime for 5 meetings in a row and adding an additional meeting to get them to work more, overtime, is not easy. Huge thanks to my SB colleagues for their commitment and unswerving resolve to get to this outcome. I've seen comments that we somehow prepared a package that is incomplete because the SD tool and the appeals and grievance procedures have not been approved yet. That's not where we are. We've done our best and we have put these two critical documents out to the stakeholder community to help improve them. They don't need CMA approval and, in terms of providing opportunity for the stakeholders to comment between the meetings, the period between the last meeting of the year and the first meeting of next year is the longest stretch of time to gather stakeholder views. We didn't have disagreements but we had questions we couldn't quite resolve. How do we make it easier for indigenous and local communities to use the appeals and grievance process while keeping the arrangements feasible to manageable for the SB? Please re-watch the SB008 discussion and the stakeholder interaction at that meeting because we need ideas. The calls for inputs are open: https://lnkd.in/dcUhiMW9 It wouldn’t be an exaggeration to say that the contributions of the stakeholders made a critical difference to the quality of our work over the past year. I hope that the interest in the mechanism continues to grow and that the stakeholders continue to be as engaged and as committed to working together with us as they have been this year. Two things that in my mind didn't get enough coverage: - In a huge change compared to the CDM, the Meth Panel meetings will be webcast from now on. - The SB is launching a call to address gender balance in the roster of experts next week!!! Seriously, how cools is that?! Instead of just lamenting, we are finally doing something to improve not just our corner of the world but other global issues as well. P.S.: Thank you Eve for the nice video.
Senior Advisor, Climate Policy │ Chair │ Board Member │ Carbon Markets │ Carbon Removal │ Carbon Capture •Personal views•
Big news from the #Article6.4 Supervisory Body! The SB has approved the long-awaited recommendations methodologies and #carbonremoval. Just in time for #COP28 :) The SB members have done an enormous amount of work to make this happen. And whilst they agreed that the documents are far from perfect, these do represent an acceptable basis for the next steps. 𝗥𝗲𝗰𝗼𝗺𝗺𝗲𝗻𝗱𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝗿𝗲𝗺𝗼𝘃𝗮𝗹𝘀 The document on removals is very general in nature and includes numerous mandates for further guidance. Adding references to future work was one of the main solutions to finding compromises. So, a lot of additional work is needed to make this guidance operational. The great thing is that the document is technology-neutral and is written with the whole spectrum of carbon removal methods in mind. Several SB members also thanked the stakeholders for their copious input. Big thanks to the carbon removal community for engaging so actively this year! 𝗡𝗲𝘅𝘁 𝘀𝘁𝗲𝗽𝘀 We’ve arrived where we needed to be before COP. The recommendations on methodologies and removals will now be sent to CMA for approval during COP28. CMA may offer further guidance for these documents. And if the recommendations are approved, Article 6.4 will finally be operational. In general. We know plenty more guidance is needed and the SB will be very busy next year. And we also need COP28 to take some crucial decisions on registries. #ParisAgreement Links to approved versions of recommendations on methodologies and removals are in the comments.
This is a great start. The importance of Article 6 in todays carbon environment cannot be underestimated. It can provide the framework that brings back confidence in the form of structure and regulation that is needed to rescue the voluntary carbon market. Article 6 deployment across all carbon markets as a governing structure will lead to the restoration of trust in carbon markets and certainly address the price issue that has effected the voluntary market. It will also mean we can regulate participants, protect the SGDS and avoid the situations that have occurred by some unscrupulous individuals and organisations. Having one global register of carbon will also provide the solution to double counting. I thank you for your hard work on this vital journey 🙏🏽
This is much needed, happy to read this news
That’s good.
Huge congrats and thank you, Olga Gassan-zade and SB team. Timely and welcome news for making global decarbonisation more efficient.
Well done Olga. Looking forward to this huge development of the Paris Agreement Carbon Market.
Thank you and Congratulations. This is a big.
Olga this is amazing news!!! And something to feel really proud of!! So congrats to you and the SB!!!
Happy to hear, congratulations!
Chief Planning Officer at Ministry of Energy and Natural Resources
8moOlga Gassan-zade congratulations as I was not optimistic the job will get done ! Looking forward to meeting you in two weeks time!