Additionality in the context of NDCs

Location: Online
Date: 09 Mar 2022
Time: 16:00

Join us alongside Verra and Gold Standard to understand the leading carbon standards’ approaches to additionality and how that is evolving amid changing Nationally Determined Contributions (NDCs) in the Paris Agreement era. During the webinar we’ll explore how the hurdle of additionality may change for carbon projects and how baselines will shift as the climate ambition of nations rise to meet targets to limit global warming.

Over the two decades that the Voluntary Carbon Market (VCM) has operated, national policies have started to mandate climate action in many geographies and areas of the economy. Is the scale of national and sub-national climate policy in today’s Paris Agreement era changing how the leading offsetting standards understand additionality? There is a gap between the NDCs of countries and the actual policies national governments have in place, how do the standards handle this when it comes to assessing additionality? The VCM is an innovative and ambitious market by nature, how have additionality requirements evolved over time to arrive where they are today? 

The 45-minute webinar will be moderated by Saskia Feast, Ph.D. Managing Director, Global Client Solutions at Climate Impact Partners, who will be joined by:

• Hugh Salway, Head of Environmental Markets at Gold Standard 

• Andrew Howard, Senior Director, Climate Finance and Markets at Verra 

The additionality test applied to every project is one of the main tools to ensure that the VCM delivers climate impact and contributes to our global transformation. For a project to earn carbon credits, it must be proven additional, meaning it would not have happened without the carbon finance. 

This webinar was part of a series on quality in the voluntary carbon market from Climate Impact Partners, please contact us for the recording