Today the Puro Standard is opening a public consultation of the General Rules of our carbon-crediting program. We seek to obtain feedback from stakeholders in the carbon markets on potential enhancements that will align our rules with the Core Carbon Principles (CCPs) of the Integrity Council for the Voluntary Carbon Market (IC-VCM) and the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
The CCPs form global benchmarks for high-integrity carbon credits and cover emissions impact, governance and sustainable development requirements to efficiently mobilize finance towards urgent mitigation and climate resilient development.CORSIA is an initiative by the International Civil Aviation Organization (ICAO) where airline and aircraft operators can offset the amount of CO2 emissions that cannot be reduced through the use of technological or operational improvements and sustainable aviation fuels with emissions units from the carbon market.
Since our start in 2018, the Puro Standard has focused exclusively on durable carbon removal and pioneered several of the world’s first crediting methodologies, including biochar, carbonated materials, enhanced rock weathering, geologically stored carbon from Bio Energy Carbon Capture and Storage (BECCS) and Direct Air Capture and Storage (DACS), and terrestrial storage of biomass. Besides quantification of carbon net-negativity, to issue CO2 Removal Certificates, CORCs, we have required other criteria such as: durability of at least 100 years, robust independent third-party validation and verification, financial additionality, social and environmental safeguards, and transparency and avoidance of double counting with the public Puro Registry.
We aim to build on this strong foundation because we agree with the IC-VCM’s theory of change: Build integrity and scale will follow.
The consultation invites feedback on the following changes that have been made to the Puro Standard General Rules:
The consultation period will remain open until January 8th, at the end of business day.
We welcome your feedback! Please send it to contact@puro.earth with subject line: Public Consultation General Rules. Marianne Tikkanen, Head of Standard said, ”Carbon markets need a race to the top to facilitate essential private sector investments in climate solutions. Puro.earth will continue to offer and maintain integrity and transparency in these markets during a time of great momentum and urgency”.
