“Integrity matters because registry documents from project developers can be five years old when forests can burn or be cut down. Also, most carbon registries currently rely on manual measurements locally, which can lead to errors, so carbon buyers may not know the most accurate and up-to-date status of a project”, says Tom Duncan, CEO of Earthbanc, the world’s first continuously audited carbon and finance platform. – TIME
This year, Earthbanc partnered with the United Nations Convention to Combat Desertification (UNCCD) to launch carbon pre-purchase agreements to finance carbon credits.
Earthbanc works with carbon project developers, NGOs, and farmers to pre-sell a portion of their projects to help finance them in advance. We can wrap this purchase up in a digital Sustainable Land Bond developed in partnership with the UNCCD.
“This would not only pay farmers to plant and protect trees, but also support impacted communities through future carbon revenue streams. This is part of climate justice,” Duncan says. “As carbon prices increase, people most vulnerable to climate change deserve that compensation to enable them to adapt to a changing climate and ensure they have food and water security.”
During COP27, as we look to accelerate climate action and finance net zero it is important that we include climate justice at the core of carbon markets, serving the most climate-vulnerable farmers in the world with new financing mechanisms.
Check out the TIME’s full article to find out how Earthbanc, in partnership with the United Nations Convention to Combat Desertification (UNCCD), backed by the European Space Agency (ESA), is working to address climate justice and finance land restoration
Read TIME’s full article interviewing Earthbanc’s CEO, Tom Duncan: https://time.com/6213485/carbon-pricing-challenges-climate-change/
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