IMPLEMENTING ARTICLE 6
Since 2018, Gold Standard has been advocating for high-integrity principles in Article 6 and across global carbon markets. We welcome the adoption of the Glasgow Climate Pact at COP26 that reflected key Gold Standard positions on both environmental integrity and – critically – on sustainable development.
Now we’re getting to work with implementation. We are proud to partner with the Swedish Energy Agency, to enable the use of Gold Standard rules, framework, and infrastructure for their Article 6 activities. We continue conversations with other national governments and have launched an Early Mover Programme to support project developers and host countries with capacity building.
We’re also leading the way among voluntary standards in aligning Gold Standard for the Global Goals requirements with Article 6 guidance so that Gold Standard certified carbon credits can be eligible as Internationally Transferred Mitigation Outcomes (ITMOs) under Article 6.
In a major step forward, Gold Standard has introduced revised double counting provisions, to allow projects to avoid double claiming with NDCs under the Paris Agreement. These new provisions will not be mandatory for all projects but will be required for carbon credits generated after 2020 to be eligible for certain uses, including CORSIA and international use towards NDCs.
We will update guidance on voluntary claims (e.g., carbon offsetting, carbon neutrality) in May following ongoing consultations and cooperation with the Voluntary Carbon Market Integrity Initiative's efforts to develop market-wide claims guidance.
If you have questions about what Article 6 means for your project or for your purchase of Gold Standard carbon credits and/or claims, please contact us.
ARTICLE 6 WEBINAR SERIES
Sign up for our webinar series that answers the most important questions about alignment with the Paris Agreement and implications for a global carbon market.
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WEBINAR RECORDING
Authorisations and adjustments under Article 6:
What you need to know, and what is still unknown
Recorded 22 February 2022
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INNOVATING IN CARBON REMOVALS
Globally, scientists predict that up to 10 GtCO2 will need to be removed annually from the atmosphere by 2050*. For companies setting their climate strategies, the Science Based Targets Net Zero Standard says that among carbon credits, only those representing carbon sequestration or ‘carbon removals’ are eligible toward a Net Zero claim, to neutralise remaining emissions once a company has reached their decarbonisation target. While Gold Standard advocates first for focusing on avoiding emittance through the discontinuation of fossil fuel burning, we also support the longer-term need to build a pipeline for high-integrity carbon removals.
We are therefore pleased to announce the publication of two new methodologies that meet Gold Standard best practice principles for environmental integrity and sustainable development. One nature-based solution, the other tech based, reflecting the two key ways of removing carbon dioxide from the atmosphere.
Companies looking to source the highest impact credits for their beyond-value chain climate action should look out for the first projects to be certified against these methodologies later in 2022.
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NEW METHODOLOGY - ACTIVITY MODULE
Catalysing nature-based sequestration from industrial waste:
SOIL ORGANIC CARBON (SOC) PULP AND PAPER MODULE
This new Soil Organic Carbon (SOC) Activity Module developed by Soilfood Oy allows European-based pulp and paper manufacturing to reduce waste and remove carbon from the atmosphere by processing and recycling the mill sludge from industrial operations. What would otherwise go to landfill or be incinerated is used to enhance soil organic matter in agriculture systems, which beyond biologic sequestration, helps improve soil quality, increase soil PH, and provide nutrients for better productivity.
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NEW METHODOLOGY
Tech-based carbon removal and storage in recycled concrete
ACCELERATED CARBONATION OF CONCRETE AGGREGATE
Currently, demolished concrete is crushed into concrete aggregate before it is either used as a substitute to gravel and sand or sent to landfill. This new tech-based carbon removal methodology, developed by neustark, facilitates CO2 sequestration in demolished concrete using either direct or indirect mineral carbonation before it enters downstream processes.
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