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illuminem summarises for you the essential news of the day. Read the full piece on Forbes or enjoy below:
🗞️ Driving the news: A new carbon credit standard, the Equitable Carbon Standard (ECS), and accrediting body, Equitable Earth, have been announced, set to begin operations in 2026
• The initiative aims to rebuild trust in the forest carbon credit market after years of criticism over inflated claims, weak accounting practices, and harm to local communities
• The ECS promises stricter carbon measurement methodologies and a stronger role for Indigenous and local peoples in managing and benefiting from projects
🔭 The context: The voluntary carbon market, particularly for forest conservation, has faced sustained scrutiny as flawed baselines and poor oversight allowed some developers to overstate carbon sequestration and harm community rights
• Until now, Verra has dominated the accreditation market, leaving buyers with few alternatives when controversies undermined confidence
• Forest carbon credits remain a critical, if imperfect, mechanism for funding conservation and providing sustainable development revenues to countries and communities
🌍 Why it matters for the planet: Forests are indispensable carbon sinks, and preserving them is essential to meet global goals to halt deforestation by 2030 and achieve net-zero by 2050
• Without credible carbon credits, funding for forest protection could falter, risking further land conversion to agriculture and development
• The ECS seeks to improve integrity and equity in the system, addressing both environmental and social concerns, which is vital to sustaining investor confidence and protecting vulnerable ecosystems and communities
⏭️ What's next: Equitable Earth is expected to accredit its first projects in 2026. In the interim, project developers and corporate buyers are likely to adjust strategies and prepare for compliance with the new, more rigorous standards
• How quickly the market embraces ECS-certified credits — and whether this leads to a price premium — will shape the next phase of the voluntary carbon market
• Stakeholders will also watch whether Verra and others respond with reforms to maintain relevance
💬 One quote: “Carbon credits are the best, pragmatic way to preserve the forests. This new standard gives hope by empowering Indigenous people and restoring trust in the system,” wrote Suwanna Gauntlett Upjohn, founder of Wildlife Alliance
📈 One stat: Deforestation remains the largest driver of land-based emissions globally, and preserving tropical forests is critical to meeting the Paris Agreement’s 1.5°C pathway
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