As we approach the end of another impactful year, we find ourselves immersed in the ever-evolving landscape of the voluntary carbon market (VCM). At AlliedOffsets our commitment to environmental sustainability has been unwavering, and throughout the past months, we've delved into a myriad of topics that underscore our dedication to a greener future.
In this retrospective blog, we review some of our most noteworthy publications from the year, each highlighting pivotal developments and groundbreaking initiatives within the realm of carbon credits and climate action. From the stringent standards of the Core Carbon Principles (CCPs) to the novel concept of the VCM Liquidity Index, and the promising potential of Direct Air Capture (DAC) technology, our exploration has been comprehensive and enlightening.
The Role of CCPs in Defining High-Quality Carbon Credits
The Core Carbon Principles (CCPs) are a set of criteria introduced by the Integrity Council for the Voluntary Carbon Market (ICVCM) that aim at creating a new shared and global benchmark for what high-integrity means in the VCM. The CCPs set rigorous thresholds on disclosure and sustainable development to define which carbon credits can be considered of high quality.
Introducing the VCM Liquidity Index
Direct Air Capture in the VCM: A CDR Primer
Direct Air Capture (DAC) Technology is a process that captures carbon dioxide (CO2) directly from the atmosphere. It is typically coupled with utilization or storage technology.
The captured CO2 is then transported to a storage site, usually deep underground, and stored in geological formations such as depleted oil and gas reservoirs, saline aquifers, or unmineable coal seams.
The latest IPCC report has deemed that to reach a 1.5 degree target, we need to heavily supplement our carbon offsetting methods with carbon dioxide removal (CDR). DAC is one of the most promising ideas in a suite of technologies that is aiming to be scaled and distributed globally to remove carbon from our atmosphere.