[Save The Date] Seminar Announcement: December 26 (Tue), 1:00 PM

This article is an automatically translated version of the original Japanese article. Please refer to the Japanese version for the most accurate information.

The year is drawing to a close. Therefore, we will be holding a seminar titled "A Look Back at the 2023 Voluntary Carbon Credit Market."

Over the past year, the Voluntary Carbon Market, following the Guardian article at the beginning of the year (reference) which highlighted the risk of over-issuance of nature-based Carbon Credits, did not see the anticipated surge in terms of Credit Retirement volumes.

On the other hand, regarding the Methodologies for generating Carbon Credits, numerous revisions have been announced in response to various criticisms. In this newsletter, we have explained revisions to many individual Methodologies such as REDD, ARR, IFM, and ALM, as well as the Verified Carbon Standard (VCS) and the Integrity Council for the Voluntary Carbon Market (IC-VCM) Core Carbon Principles (CCP). It is certain that Methodologies are being revised in a direction that reduces the risk of over-issuance.

In this seminar, instead of delving into technical discussions about each Methodology as usual, we will provide quantitative data from the perspective of supply and demand, explaining how the overall market is trending.

On the demand side, Credit Retirement volumes were lower than the previous year, yet many companies have publicly announced an active stance toward procuring and investing in nature-based Carbon Credits. Through analysis of Credit transaction data and corporate sustainability reports, we will introduce which sectors and companies are engaging in what types of transactions, and what their stated intentions are for the future.

Regarding the supply side, it is anticipated that the Issuance of large-scale REDD Credits will increasingly come from Jurisdictional level methodologies like ART in the future, and with numerous ALM projects of similar scale to traditional Project-level REDD emerging, the supply structure is expected to change significantly over the next decade. We will review the analysis of the supply structure through Pipeline projects1, as well as the criticisms each category has faced so far.

We aim to provide information that serves as a starting point for understanding the market overview, both for those who have already procured Carbon Credits to some extent and for those who are considering procurement in the future.

• Event Overview:

  • Date & Time: December 26, 2023 (Tuesday) 13:00-14:30 JST

  • Method: Online via Zoom

  • Participation Fee: Free

• Organizers:

  • Sustainacraft Inc.

  • SDG Impact Japan Inc.

• How to Apply:

  • Please apply here

• Main Target Audience:

  • Sustainability and business planning managers in large corporations who are concerned about decarbonization and climate change strategies.

  • Financial institutions exploring new investment opportunities in decarbonization and nature-based solutions.

  • Consultants providing advice on decarbonization strategies to companies.

• Content to be Gained from Participation (Tentative; subject to change):

  • Market trends of Voluntary Carbon Credits, with a focus on nature-based solutions.

  • Case studies of Voluntary Carbon Credit usage by international companies.

  • Summary of topics related to Voluntary Carbon Credits at COP28.

Disclaimers:
This newsletter is not financial advice. So do your own research and due diligence.