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The fifth wave of CCP labels: biochar and IFM

  • Linus Hiscox
    Lead Carbon Ratings Scientist, IFM Lead
  • Brianna Collins
    Carbon Ratings Analyst
  • Dr Jacob Socolar
    Director, NBS
  • Dr Bojana Bajzelj
    VP Carbon Removal
  • Ratings

Here are some key takeaways

  • The Integrity Council for the Voluntary Carbon Market (ICVCM) has approved three biochar methodologies and three improved forest management (IFM) methodologies for Core Carbon Principles (CCP) eligibility.

  • Two biochar methodologies and nine IFM methodologies are yet to be assessed, meaning the majority of issuance from these project types are currently not CCP eligible.

  • Currently, only one biochar project, unrated by BeZero, has issued credits under a CCP-eligible methodology.

  • BeZero has rated ex ante and ex post projects under all three CCP-eligible IFM methodologies, finding substantial project-level variation within each methodology.

  • IFM and biochar are fast-growing sectors with significant investment in early-stage projects from major market players. Scaling quality requires project-level ratings in addition to methodology-specific assessments.

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