Patch

Patch has published an open letter calling on SBTi to provide swift and decisive guidance for corporate use of high-integrity carbon credits. ➡ Read the full letter: https://lnkd.in/gD7HZWuW

Patch has spent the last several years on the frontlines with companies who are eager to turn climate ambition into reality. We’ve seen firsthand the unmatched ability standards groups, like Science Based Targets initiative, have had in enabling real climate action. But, we’ve also seen that when these standards bodies cannot move quickly to innovate and iterate, they leave corporates paralyzed. This is the problem we’re facing today as companies try to make sense of how they can support carbon avoidance and removal efforts as part of their net-zero targets. And this is why today, Patch has published an open letter calling on SBTi to provide swift and clear guidance for how companies can increase climate finance through use of carbon credits. We’ve lost the luxury of waiting years for perfected roadmaps, it’s time to pull out all the stops in the fight against climate change. You can see Patch’s open letter below and read my comment published in Reuters below.

Early purchases of carbon removal technologies are: 🔒good for corporate buyers looking to secure carbon credits 💵 good for project developers who need to scale their operations 🌎 and good for the planet in bringing down the overall cost curve of these innovative climate solutions Learn more about the U.S. Department of Energy (DOE)'s Carbon Dioxide Removal Purchase Pilot Prize and how and why corporate buyers are joining in on these efforts by watching our on-demand webinar, linked in the comments below.

Missed our latest webinar with the U.S. Department of Energy (DOE), Charm Industrial and Bain & Company? You can still catch the CDR insights shared from this stellar panel by watching on demand ⬇ https://lnkd.in/gmNVJm8D

The U.S .Department of Energy just gave corporate sustainability leaders a procurement playbook for high-integrity, engineered carbon removal credits. TOMORROW we’ll be breaking down what this means for companies purchasing credits and the industry overall. Join Patch's Lucy Hargreaves, U.S. Department of Energy (DOE) expert Noah Deich, highly-sophisticated CDR buyer Sam Israelit of Bain & Company, and Purchase Prize semi-finalize Peter Reinhardt of Charm Industrial by registering via the link in comments ⬇️.

Congrats to our partners at Isometric who are continuing the important work of expanding access to high-integrity carbon removals. As Brennan Spellacy put it: The Isometric and Patch partnership represents a more effective way to scale carbon removal. 💡 We're excited to combine forces with Isometric to bring companies of all shapes and sizes into the business of supporting high-integrity, innovative CDR. 🚀

As part of London Tech Week our CEO & Co-founder Brennan Spellacy joined an intimate roundtable on carbon markets hosted by the Climate Crisis Advisory Group and joined by leading climate experts Sir David King and Mark Maslin. Under Chatham House Rules, discussion centered around the need for greater transparency and education on the vital role the VCM plays in driving climate action. Bringing together the tech industry and climate community will be vital in helping shape the VCM and our climate trajectory overall. We're proud to play a role in these critical discussions. #londontechweek #vcm

🚨 Important webinar coming June 27 🚨 Featuring: Lucy Hargreaves, Patch Noah Deich, U.S. Department of Energy (DOE) Sam Israelit, Bain & Company Peter Reinhardt, Charm Industrial The U.S. government has recently made major moves in the carbon removal space — first by signalling the critical role high integrity voluntary carbon markets will play in scaling private climate finance, and second by revealing the DoE's semifinalists for the CDR Purchase Pilot Prize. This news means a lot to the supply side of the market, but it's potentially game-changing for buyers too. Why? The DoE just gave corporate sustainability leaders a procurement playbook for high-integrity, engineered CDR credits. Their diligence can help inform your strategy when it comes to funding cutting-edge climate solutions. That's why we brought together an expert from the DoE, a highly-sophisticated buyer of innovative CDR, and a developer of one of the semifinalist projects — to break down the economic impact of the Purchase Prize, the science underneath the projects, and a best-practice procurement process for novel CDR. Register now to save your spot: https://lnkd.in/gmNVJm8D

In a massive step for transparency and consistency within the voluntary carbon market, The Integrity Council for the Voluntary Carbon Market (ICVCM) just released their first-ever Core Carbon Principles (CCPs) methodologies. These methodologies are clear, project-specific guidelines that have been developed by leading experts and will signal to buyers that any CCP approved credit is high-integrity. ✅ ✅ What does this mean for companies buying carbon credits? -- 💰 Buyers can now look for credits that have a “CCP-label”, indicating the project methodology has been vetted and approved by accredited experts ☑️ - which gives them confidence that the credits are aligned with industry leading standards. -- 📝 Project developers have a clear and consistent methodology, relevant to their project type, they can follow in order to have their credits be CCP approved. -- 📈 The first batch of guidelines, which ICVCM released today, includes methodologies for projects that destroy ozone depleting substances — guidelines for more project categories will be released over the coming months, bringing even more CCP approved credits to the market. So where can companies buy CCP-labeled credits? 👀 They're available today and easily accessed through the Patch platform, including Tradewater CCP-approved credits! 👏  ⬇️ Our expert Climate Solutions and Strategy team is well-versed in the Core Carbon Principles and the credits that align with these guidelines; they’re ready to help guide companies through these latest updates. Ready to get started? Reach out to Madeleine Phillips today! 📧

🌳 Unlocking Access to High-Integrity Nature-Based Removals 🌳 Join us for our upcoming webinar on navigating the limited supply of high-integrity nature-based removals. In collaboration with re.green and Sylvera, we'll explore strategies for securing your place in line for these sought-after projects. Moderated by Ben Field, our panelist lineup is: Lygia Faiman (re.green) Jess Roberts (Sylvera) Adam Humphreys (Patch) Together they will share their expertise on: 🔍 Firsthand insights into the opportunities and challenges of multi-year offtake agreements. 📊 How Pre-Issuance assessments can mitigate risks and make offtake agreements more attractive. 📜 Practical tips on developing best-in-class offtake agreements to protect against delivery risks. 📅 When: June 6 - 8am PST | 11am EST | 4pm BST 🔗 Register here: https://hubs.la/Q02yzMTr0 #NatureBasedSolutions #CarbonRemoval #Offtakes