aDryada’s position on the use of carbon credits and the associated claims

aDryada supports the global bodies and institutions (ICVCM, CCQI, VCMI, etc.) that are working to raise the standards of carbon credits, their associated claims, and their role in the pathway to net zero. We share the ambition of increasing the integrity of the voluntary carbon credit market, making sure that projects have a real impact on the climate and that companies don’t use credits as an excuse to emit.

In terms of impact, however, two things must be kept in mind:
Today, many reduction actions that are being implemented, though important for the climate, may have less structural impact than removal actions.
Since the carbon market remains a voluntary one, there must be strong incentives for companies to pursue actions that have the highest impact on the environment.

The problem is that today companies that are not subject to regulatory constraints can claim they are on the path to Net Zero by only pursuing low-impact reduction actions.
In this context, aDryada has two proposals to incentivize companies to immediately finance more costly, but higher-impact carbon projects.

1. Net zero pathways – like that of SBTI – should expand to incorporate the need to immediately begin neutralizing residual emissions with high-quality removal projects.

2. Beyond the Value Chain activities should be included in such pathways with associated claims.