This press release was originally published on the Gold Standard website here.
GENEVA, SWITZERLAND – 25/06/2024 – Gold Standard has today released a new public tracker of jurisdictional carbon market regulations, increasing visibility on regulations across continents for project developers, governments, and other market actors. The tracker is intended to support greater awareness and understanding of an increasing number of regulations globally, in order to enable compliance, inform decision-making and allow the identification of trends and best practice. The research and development of the tracker was commissioned to South Pole, a Swiss based carbon project expert and climate consultancy, following a public request for proposals in late 2023.
Upon first release, the tracker covers 34 jurisdictions including 41 international, national, and subnational regulations, with information covering type and status of regulation, entry into force dates, a comprehensive summary, as well as links to the regulations and other useful resources. The tracker will be updated over time as more regulations are introduced.
Commenting on the release Margaret Kim, Gold Standard CEO, said: "Cooperation is vital for our collective journey towards the Global Goals, and information transparency is vital to help us to reach our destination. Our new public tracker for carbon regulations will help project developers, governments and others to make informed decisions in both the compliance and voluntary markets across continents, ultimately leading to more investment, and most importantly more impact."
Dr. Daniel Klier, CEO at South Pole said: "It's vital that corporates and governments are supported to navigate the evolving landscape of carbon market regulation, which is why South Pole is proud to partner with Gold Standard to launch this innovative platform. We're confident this platform will strengthen engagement across the market to scale crucial climate investment."
Gold Standard will host a webinar on the 17 July during, which will feature a presentation of the new tracker by South Pole, and a panel exploring emerging trends in national regulations, implications for market actors, and some examples of good practice. The webinar is now open for registration.
Gold Standard launched a programme of work in December 2023, supported by the German Ministry for Economic Affairs and Climate Action (BMWK), to support users, partners, and other stakeholders to respond to the growth of national regulation and government engagement in carbon market activities, and to maximise the benefits of this transition for local communities, governments, and project developers. This tracker has been developed under this programme. More information about the programme of work can be found on the Gold Standard website.
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For more information, please contact
South Pole:
media@southpole.com
Gold Standard: Jamie Ballantyne, T- +41 78 23 78099
Gold Standard ( www.goldstandard.org, @goldstandard) was established in 2003 by
WWF and other international NGOs as a best practice standard to help the world GrowToZero. All Gold Standard-certified projects and programmes accelerate progress toward the Net-Zero ambition of the Paris Climate Agreement while catalyzing impact toward the broader Sustainable Development Goals. Its standard, Gold Standard for the Global Goals, allows climate and development initiatives to quantify, certify, and maximise their impacts toward climate security and sustainable development. Certification against the standard provides the confidence that these results are measured and verified, enabling credible impact reporting. ISEAL Code Compliant and backed by a broad NGO Supporter Network, Gold Standard has 3400+ projects underway in over 100 countries, creating billions of dollars of shared value from climate and development action worldwide.
South Pole is the world's leading carbon project expert and climate consultancy.
Since 2006, South Pole has been a trusted partner and advisor to governments, public sector organisations, and leading businesses on their decarbonisation journeys. South Pole serves over 1,000 clients across the world, and its global team of experts has helped many Fortune 500 businesses implement comprehensive strategies that help build resilience and turn climate action into long-term business opportunities.
In line with its mission to deliver climate impact at scale, South Pole has used the power of markets to help channel climate finance to over 850 projects in more than 50 countries across the globe. To date, these projects have helped reduce over 200 million metric tonnes of CO2 emissions, accelerated low-carbon transformations across several sectors, and provided measurable benefits to communities vulnerable to climate change.
The business is supported by world-class investors, including Temasek's GenZero, Lightrock, Corisol, and Salesforce Ventures.
South Pole is a social enterprise recognised by the World Economic Forum's Schwab Foundation, and committed to becoming a B Corp globally across all of its local entities.
For more information, visit www.southpole.com or follow us on LinkedIn.
