Company news

What carbon projects has Sylvera rated?

by
Sylvera
May 18, 2022

Achieving global net zero targets before it’s too late requires leveraging all carbon removal and carbon avoidance activities at our disposal. In a previous blog post, we explored why both new carbon removal technologies and nature-based solutions (NBS) or natural climate solutions (NCS) are all necessary tools to reach Paris Climate Agreement targets and secure a livable future.

Our 2022 Carbon Credit Crunch Report published in February examined how and why the Voluntary Carbon Markets (VCMs) were experiencing a major increase in demand. Demand for carbon credits in 2021 was driven by the growing interest of the public, shareholders and investors in Environmental, Social and Governance (ESG) performance, and specifically the push for large companies to set ambitious net zero commitments. Another unexpected source of demand in 2021 was the rise of the carbon crypto movement, which resulted in an additional 15 million credits being retired.

Carbon projects are diverse and deliver unique benefits

The voluntary carbon market is made up of thousands of projects, which span a range of project types. While removals are growing in popularity – particularly technology-based solutions like direct air capture – these projects can be costly and take time to scale, which is why they make up a small percentage of the market.

We agree that removals projects have an important part to play in mitigating climate change, but sustainable climate strategies also require protection of our world’s natural ecosystems. For instance, the rate of global deforestation is approximately 13 million hectares per year, which has been estimated to contribute 8-12% of net emissions. Nature-based projects can offer a solution to this alarming problem. 

What’s more, according to Bain, “given their potential to abate greenhouse gas emissions, their comparatively low marginal costs, and their ability to deliver other benefits, NCS are expected to be a key component of any pathway that limits global warming to well below 2 degrees Celsius above pre-industrial levels, in line with the Paris Agreement. NCS could account for 37% of total mitigation efforts – about 11 gigatons of carbon dioxide out of the net 30 gigatons that need to be abated each year – while also delivering economic and social benefits, such as restoring ecosystems and securing the transition to low-carbon livelihoods for communities that depend on natural resources.”

Sylvera started with the biggest category: nature-based solutions

Currently, the largest category of carbon credits are nature-based solutions, which accounts for 45% of the voluntary carbon market. Compared to newer technologies, nature-based solutions come at a lower cost and already exist at scale. This is the reason why Sylvera started with rating this project type first, specifically looking at REDD+ and then ARR projects. 

Within nature-based solutions, you’ll encounter a diverse range of project types and their carbon credits offer unique benefits:

  • High-quality NBS are available right now, at scale, and at a much lower cost.
  • Natural ecosystems are a tremendous carbon sink, but they are being destroyed and releasing carbon into the atmosphere every day; a top priority must be to reduce and eliminate deforestation.
  • NBS avoidance credits are compatible with SBTi’s Corporate Net-Zero Standard.
  • High-quality NBS deliver co-benefits to local communities and biodiversity.

Expanding our carbon ratings coverage

In 2022 Sylvera will expand coverage significantly, adding new project types like renewables and IFM to the platform. We'll also include ratings of pre-issued carbon credits, as we know there's demand for visibility into upstream projects.

Sylvera coverage by project type

We offer unrivalled depth in carbon project ratings and assessments, providing buyers and traders with the full picture of carbon projects.. To achieve this, we first invest in building rigorous ratings frameworks and production systems for each project type. Then we apply the framework to rate individual projects. 

Learn more in our white paper or get in touch to find out more about Sylvera’s ratings platform and the carbon projects we cover.

Source: Berkeley Voluntary Registry Offsets Database  (updated Feb 22); figures are not absolute. 

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Sylvera x CBL
May 18, 2022

What carbon projects has Sylvera rated?

Sylvera
min read

Achieving global net zero targets before it’s too late requires leveraging all carbon removal and carbon avoidance activities at our disposal. In a previous blog post, we explored why both new carbon removal technologies and nature-based solutions (NBS) or natural climate solutions (NCS) are all necessary tools to reach Paris Climate Agreement targets and secure a livable future.

Our 2022 Carbon Credit Crunch Report published in February examined how and why the Voluntary Carbon Markets (VCMs) were experiencing a major increase in demand. Demand for carbon credits in 2021 was driven by the growing interest of the public, shareholders and investors in Environmental, Social and Governance (ESG) performance, and specifically the push for large companies to set ambitious net zero commitments. Another unexpected source of demand in 2021 was the rise of the carbon crypto movement, which resulted in an additional 15 million credits being retired.

Carbon projects are diverse and deliver unique benefits

The voluntary carbon market is made up of thousands of projects, which span a range of project types. While removals are growing in popularity – particularly technology-based solutions like direct air capture – these projects can be costly and take time to scale, which is why they make up a small percentage of the market.

We agree that removals projects have an important part to play in mitigating climate change, but sustainable climate strategies also require protection of our world’s natural ecosystems. For instance, the rate of global deforestation is approximately 13 million hectares per year, which has been estimated to contribute 8-12% of net emissions. Nature-based projects can offer a solution to this alarming problem. 

What’s more, according to Bain, “given their potential to abate greenhouse gas emissions, their comparatively low marginal costs, and their ability to deliver other benefits, NCS are expected to be a key component of any pathway that limits global warming to well below 2 degrees Celsius above pre-industrial levels, in line with the Paris Agreement. NCS could account for 37% of total mitigation efforts – about 11 gigatons of carbon dioxide out of the net 30 gigatons that need to be abated each year – while also delivering economic and social benefits, such as restoring ecosystems and securing the transition to low-carbon livelihoods for communities that depend on natural resources.”

Sylvera started with the biggest category: nature-based solutions

Currently, the largest category of carbon credits are nature-based solutions, which accounts for 45% of the voluntary carbon market. Compared to newer technologies, nature-based solutions come at a lower cost and already exist at scale. This is the reason why Sylvera started with rating this project type first, specifically looking at REDD+ and then ARR projects. 

Within nature-based solutions, you’ll encounter a diverse range of project types and their carbon credits offer unique benefits:

  • High-quality NBS are available right now, at scale, and at a much lower cost.
  • Natural ecosystems are a tremendous carbon sink, but they are being destroyed and releasing carbon into the atmosphere every day; a top priority must be to reduce and eliminate deforestation.
  • NBS avoidance credits are compatible with SBTi’s Corporate Net-Zero Standard.
  • High-quality NBS deliver co-benefits to local communities and biodiversity.

Expanding our carbon ratings coverage

In 2022 Sylvera will expand coverage significantly, adding new project types like renewables and IFM to the platform. We'll also include ratings of pre-issued carbon credits, as we know there's demand for visibility into upstream projects.

Sylvera coverage by project type

We offer unrivalled depth in carbon project ratings and assessments, providing buyers and traders with the full picture of carbon projects.. To achieve this, we first invest in building rigorous ratings frameworks and production systems for each project type. Then we apply the framework to rate individual projects. 

Learn more in our white paper or get in touch to find out more about Sylvera’s ratings platform and the carbon projects we cover.

Source: Berkeley Voluntary Registry Offsets Database  (updated Feb 22); figures are not absolute. 

Sylvera

This article features expertise and contributions from many specialists in their respective fields employed across our organization.

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