Gold Standard Conference: Grow to Zero

Gold Standard Conference: Grow to Zero

News item
29 Jun 2023

At the beginning of this week, colleagues Neera, Harry and Lisanne visited the Gold Standard conference: Grow to Zero, in the middle of London during London Climate Week. Gold Standard is the organization that certifies our climate projects.

The conference theme ‘Grow to Zero’ refers to the urgent need to reduce our impact on the climate.

FairClimateFund’s colleagues Neera and Harry were part of several panels. During these panels they had the opportunity to share our vision about a fair and inclusive CO₂ market. We argue that the carbon market should fairly and effectively benefit those most vulnerable to the impacts of climate change. We do this based on the Fairtrade Climate Standard. This standard ensures ownership of the credits for households, a minimum price, local capacity building and a Fairtrade premium.

We were pleased to hear that Gold Standard and other attendees, such as project developers and investors, recognized that it should be mandatory to pay attention to the people within the climate projects and that the prices of carbon credits must increase to achieve real climate impact. In addition, the panels discussed the importance of other SDGs (Sustainable Development Goals) in addition to CO₂ reduction.

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Later this week, Gold Standard will launch a tool to measure the impact of the SDGs in our projects. The SDG impact tool will encourage project developers to integrate more SDGs into their projects, something we welcome.

We thank Gold Standard for the inspiring ‘Grow to Zero’ conference in London and for the opportunity to share our vision for fair and inclusive CO₂ markets during the panels.

If you have more questions about the Fairtrade Climate Standard, please feel free to contact us. You can find our positon paper on our vision for the voluntary CO₂ market here: https://www.fairclimatefund.nl/en/position-paper