*|MC:SUBJECT|*<\/title>\n<link rel=\"stylesheet\" href=\"https:\/\/fonts.googleapis.com\/css?family=DM+Sans:400,400i,700,700i,900,900i\"\/><style> img{-ms-interpolation-mode:bicubic;} \n table, td{mso-table-lspace:0pt; mso-table-rspace:0pt;} \n .mceStandardButton, .mceStandardButton td, .mceStandardButton td a{mso-hide:all !important;} \n p, a, li, td, blockquote{mso-line-height-rule:exactly;} \n p, a, li, td, body, table, blockquote{-ms-text-size-adjust:100%; -webkit-text-size-adjust:100%;} \n @media only screen and (max-width: 480px){\n body, table, td, p, a, li, blockquote{-webkit-text-size-adjust:none !important;} \n }\n .mcnPreviewText{display: none !important;} \n .bodyCell{margin:0 auto; padding:0; width:100%;}\n .ExternalClass, .ExternalClass p, .ExternalClass td, .ExternalClass div, .ExternalClass span, .ExternalClass font{line-height:100%;} \n .ReadMsgBody{width:100%;} .ExternalClass{width:100%;} \n a[x-apple-data-detectors]{color:inherit !important; text-decoration:none 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inline; width: auto !important; }.mceLabel > .mceInput { margin-bottom: 0px; margin-top: 2px; }.mceLabel { display: block; }.mceText p { color: rgb(0, 0, 0); font-family: \"DM Sans\", sans-serif; font-size: 16px; font-weight: normal; line-height: 1.5; text-align: left; direction: ltr; }.mceText a { color: rgb(0, 0, 0); font-style: normal; font-weight: normal; text-decoration: underline; direction: ltr; }\n@media only screen and (max-width: 480px) {\n .mceText p { font-size: 14px !important; line-height: 1.5 !important; }\n }\n@media only screen and (max-width: 480px) {\n .mceBlockContainer { padding-left: 16px !important; padding-right: 16px !important; }\n }\n#dataBlockId-9 p, #dataBlockId-9 h1, #dataBlockId-9 h2, #dataBlockId-9 h3, #dataBlockId-9 h4, #dataBlockId-9 ul { text-align: center; }\n@media only screen and (max-width: 480px) {\n .mobileClass-6 {padding-left: 12 !important;padding-top: 0 !important;padding-right: 12 !important;}.mobileClass-6 {padding-left: 12 !important;padding-top: 0 !important;padding-right: 12 !important;}.mobileClass-6 {padding-left: 12 !important;padding-top: 0 !important;padding-right: 12 !important;}\n }<\/style><\/head>\n<body>\n\n<span class=\"mcnPreviewText\" style=\"display:none; font-size:0px; line-height:0px; max-height:0px; max-width:0px; opacity:0; overflow:hidden; visibility:hidden; mso-hide:all;\">*|MC_PREVIEW_TEXT|*<\/span>\n\n<center>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" height=\"100%\" width=\"100%\" id=\"bodyTable\" style=\"background-color: rgb(247, 248, 249);\">\n<tbody><tr>\n<td class=\"bodyCell\" align=\"center\" valign=\"top\">\n<table id=\"root\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" width=\"100%\"><tbody data-block-id=\"13\" class=\"mceWrapper\"><tr><td align=\"center\" valign=\"top\" class=\"mceWrapperOuter\"><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" width=\"100%\" style=\"max-width:660px\" role=\"presentation\"><tbody><tr><td style=\"background-color:#ffffff;background-position:center;background-repeat:no-repeat;background-size:cover\" class=\"mceWrapperInner\" valign=\"top\"><table align=\"center\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" width=\"100%\" role=\"presentation\" data-block-id=\"12\"><tbody><tr class=\"mceRow\"><td style=\"background-position:center;background-repeat:no-repeat;background-size:cover\" valign=\"top\"><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" width=\"100%\" role=\"presentation\"><tbody><tr><td style=\"padding-top:0;padding-bottom:0\" class=\"mceColumn\" data-block-id=\"-10\" valign=\"top\" colspan=\"12\" width=\"100%\"><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" width=\"100%\" role=\"presentation\"><tbody><tr><td style=\"padding-top:0;padding-bottom:0;padding-right:0;padding-left:0\" class=\"mceBlockContainerE2E\" align=\"full\" valign=\"top\"><img decoding=\"async\" data-block-id=\"117\" width=\"659.9999999999999\" height=\"auto\" style=\"width:659.9999999999999px;height:auto;max-width:1200px !important;border:0;border-radius:0;display:block\" alt=\"\" src=\"https:\/\/mcusercontent.com\/eb184b1541a1600db1bf43ad9\/images\/9b515dfb-2149-14c6-2190-04ac33bb1ade.png\" role=\"presentation\" class=\"imageDropZone mceImage\"\/><\/td><\/tr><tr><td style=\"background-color:#f7f8f9;padding-top:24px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"15\" class=\"mceText\" id=\"dataBlockId-15\" style=\"width:100%\"><\/div><\/td><\/tr><tr><td style=\"background-color:#f7f8f9;padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"122\" class=\"mceText\" id=\"dataBlockId-122\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#091e42;\">Your monthly update from the world of climate finance is back.<\/span><\/p><\/div><\/td><\/tr><tr><td style=\"background-color:#f7f8f9;padding-top:8px;padding-bottom:24px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"262\" class=\"mceText\" id=\"dataBlockId-262\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#091e42;\"><span style=\"font-family: 'DM Sans', sans-serif\">Let\u2019s dive right in!<\/span><\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:24px;padding-bottom:4px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"113\" class=\"mceText\" id=\"dataBlockId-113\" style=\"width:100%\"><p style=\"line-height: 2;\" class=\"last-child\"><strong><span style=\"color:#265cff;\"><span style=\"font-size: 12px\"><span style=\"font-family: 'DM Sans', sans-serif\">NEWS<\/span><\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:0;padding-bottom:6px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"326\" class=\"mceText\" id=\"dataBlockId-326\" style=\"width:100%\"><p class=\"last-child\"><strong><span style=\"color:#091e42;\"><span style=\"font-size: 22px\"><span style=\"font-family: 'DM Sans', sans-serif\">SBTi board allows use of carbon offsets to meet Scope 3 targets<\/span><\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"255\" class=\"mceText\" id=\"dataBlockId-255\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\">SBTi has decided to extend the use of carbon offsets from the voluntary carbon market and other environmental attributes for the purpose of abatement of Scope 3 related emissions beyond the current limits.<\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"331\" class=\"mceText\" id=\"dataBlockId-331\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\">In July, a discussion paper with a draft proposal from SBTi about potential changes to Scope 3 will be published which will feed into the standard draft\u00a0that corporates use for target setting. <\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:24px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"328\" class=\"mceText\" id=\"dataBlockId-328\" style=\"width:100%\"><p class=\"last-child\"><a href=\"https:\/\/sciencebasedtargets.org\/news\/statement-from-the-sbti-board-of-trustees-on-use-of-environmental-attribute-certificates-including-but-not-limited-to-voluntary-carbon-markets-for-abatement-purposes-limited-to-scope-3\" target=\"_blank\" style=\"color: #265cff;\" rel=\"noopener\"><span style=\"font-family: 'DM Sans', sans-serif\">Read more here<\/span><\/a><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:0;padding-bottom:6px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"317\" class=\"mceText\" id=\"dataBlockId-317\" style=\"width:100%\"><p class=\"last-child\"><strong><span style=\"font-size: 22px\"><span style=\"font-family: 'DM Sans', sans-serif\">UN climate chief calls for \u201cquantum leap in climate finance\u201d<\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"318\" class=\"mceText\" id=\"dataBlockId-318\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\">UN Climate chief Simon Stiell called on the International Monetary Fund<\/span> <span style=\"color:#172b4d;\">to make \u201cmore use\u201d of an obscure pot of money called the Catastrophe Containment Relief Trust (CCRT) in his recent speech. <\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"329\" class=\"mceText\" id=\"dataBlockId-329\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\">The CCRT provides grants for debt relief to the world\u2019s poorest countries when they are hit by disasters that meet a preset threshold of destruction. But the IMF\u2019s latest\u00a0<\/span><a href=\"https:\/\/www.imf.org\/external\/pubs\/ft\/ar\/2023\/english\/\" style=\"color: #172b4d;\" target=\"_blank\" rel=\"noopener\">annual report<\/a><span style=\"color:#172b4d;\">\u00a0described the trust as \u201ccritically underfunded\u201d with \u201cinsufficient resources to provide significant relief\u201d when another disaster strikes.<\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:24px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"319\" class=\"mceText\" id=\"dataBlockId-319\" style=\"width:100%\"><p class=\"last-child\"><a href=\"https:\/\/unfccc.int\/news\/two-years-to-save-the-world-simon-stiell-at-chatham-house\" target=\"_blank\" style=\"color: #265cff;\" rel=\"noopener\">Read more here<\/a><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:0;padding-bottom:6px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"320\" class=\"mceText\" id=\"dataBlockId-320\" style=\"width:100%\"><p class=\"last-child\"><strong><span style=\"font-size: 22px\"><span style=\"font-family: 'DM Sans', sans-serif\">Climate change threatens right to equality: Supreme Court<\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"327\" class=\"mceText\" id=\"dataBlockId-327\" style=\"width:100%\"><p style=\"line-height: 1.5;\" class=\"last-child\"><span style=\"color:#172b4d;\">India’s Supreme Court has ruled for the first time on the right to be free from the negative effects of climate change.<\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"330\" class=\"mceText\" id=\"dataBlockId-330\" style=\"width:100%\"><p style=\"line-height: 1.5;\" class=\"last-child\"><span style=\"color:#172b4d;\">In its judgement the bench said, “The right to a healthy environment encapsulates the principle that every individual has the entitlement to live in an environment that is clean, safe, and conducive to their well-being. By recognising the right to a healthy environment and the right to be free from the adverse effects of climate change, states are compelled to prioritise environmental protection and sustainable development, thereby addressing the root causes of climate change and safeguarding the wellbeing of present and future generations.\u201d<\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:24px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"258\" class=\"mceText\" id=\"dataBlockId-258\" style=\"width:100%\"><p class=\"last-child\"><a href=\"https:\/\/www.business-standard.com\/india-news\/climate-change-threatens-constitutional-guarantee-of-right-to-equality-sc-124040800171_1.html\" target=\"_blank\" style=\"color: #265cff;\" rel=\"noopener\"><span style=\"font-family: 'DM Sans', sans-serif\">Read more here<\/span><\/a><\/p><\/div><\/td><\/tr><tr><td style=\"background-color:transparent;padding-top:12px;padding-bottom:10px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" width=\"100%\" style=\"background-color:transparent\" role=\"presentation\" data-block-id=\"110\"><tbody><tr><td style=\"min-width:100%;border-top:1px solid #dcdfe4\" valign=\"top\"><\/td><\/tr><\/tbody><\/table><\/td><\/tr><tr><td style=\"padding-top:20px;padding-bottom:4px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"264\" class=\"mceText\" id=\"dataBlockId-264\" style=\"width:100%\"><p style=\"line-height: 2;\" class=\"last-child\"><strong><span style=\"color:#265cff;\"><span style=\"font-size: 12px\"><span style=\"font-family: 'DM Sans', sans-serif\">EXPLORE<\/span><\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:0;padding-bottom:0;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"284\" class=\"mceText\" id=\"dataBlockId-284\" style=\"width:100%\"><p class=\"last-child\"><strong><span style=\"color:#091e42;\"><span style=\"font-size: 22px\"><span style=\"font-family: 'DM Sans', sans-serif\">Our risk-assessed project portfolio<\/span><\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:12px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"279\" class=\"mceText\" id=\"dataBlockId-279\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\">We now have a dedicated portfolio of curated carbon removal projects in the global south. The portal allows investors to view key details associated with these projects (IRR, payback period, <\/span><strong><span style=\"color:#172b4d;\">price per credit, emission reduction estimates<\/span><\/strong><span style=\"color:#172b4d;\">) and most excitingly, view our<\/span><strong><span style=\"color:#172b4d;\"> ex-ante risk assessments<\/span><\/strong><span style=\"color:#172b4d;\"> to understand if the projects match their risk profile. <\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:12px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"339\" class=\"mceText\" id=\"dataBlockId-339\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\">To do your own due diligence, you can also request access to project data rooms!<\/span><\/p><\/div><\/td><\/tr><tr><td style=\"background-color:#f7f8f9;padding-top:24px;padding-bottom:24px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" align=\"center\" valign=\"top\"><img decoding=\"async\" data-block-id=\"338\" width=\"564\" height=\"auto\" style=\"width:564px;height:auto;max-width:1024px !important;border:0;display:block\" alt=\"\" src=\"https:\/\/mcusercontent.com\/eb184b1541a1600db1bf43ad9\/images\/98f9cdd4-bc00-2896-7730-4b05a70823a5.gif\" role=\"presentation\" class=\"imageDropZone mceImage\"\/><\/td><\/tr><tr><td style=\"padding-top:20px;padding-bottom:12px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" align=\"left\" valign=\"top\"><table align=\"left\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" role=\"presentation\" data-block-id=\"304\"><tbody><tr><\/tr><tr class=\"mceStandardButton\"><td style=\"background-color:#265cff;border-radius:8px;text-align:center\" class=\"mceButton\" valign=\"top\"><a href=\"https:\/\/neufin.co\/projects\" target=\"_blank\" style=\"background-color:#265cff;border-radius:8px;border:1px solid #265cff;color:#ffffff;display:block;font-family:'DM Sans', sans-serif;font-size:16px;font-weight:normal;font-style:normal;padding:12px 28px;text-decoration:none;min-width:30px;text-align:center;direction:ltr;letter-spacing:0px\" rel=\"noopener\">Explore our portfolio<\/a><\/td><\/tr><tr><\/tr><tr>\n\n<\/tr><\/tbody><\/table><\/td><\/tr><tr><td style=\"background-color:transparent;padding-top:12px;padding-bottom:10px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" width=\"100%\" style=\"background-color:transparent\" role=\"presentation\" data-block-id=\"295\"><tbody><tr><td style=\"min-width:100%;border-top:1px solid #dcdfe4\" valign=\"top\"><\/td><\/tr><\/tbody><\/table><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:4px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"218\" class=\"mceText\" id=\"dataBlockId-218\" style=\"width:100%\"><p style=\"line-height: 2;\" class=\"last-child\"><strong><span style=\"color:#265cff;\"><span style=\"font-size: 12px\"><span style=\"font-family: 'DM Sans', sans-serif\">PERSPECTIVE<\/span><\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:0;padding-bottom:0;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"215\" class=\"mceText\" id=\"dataBlockId-215\" style=\"width:100%\"><p class=\"last-child\"><strong><span style=\"color:#091e42;\"><span style=\"font-size: 22px\"><span style=\"font-family: 'DM Sans', sans-serif\">The battle between climate targets and business interests<\/span><\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"220\" class=\"mceText\" id=\"dataBlockId-220\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">The battle between climate targets and business interests is intensifying as companies grapple with the practical challenges of meeting ambitious emission reduction goals while protecting corporate interests. The recent removal of several prominent companies, including Microsoft, Unilever, and JBS, from the validation process for their climate plans under SBTi underscores the complexities involved in aligning corporate strategies with global climate objectives.<\/span><\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"332\" class=\"mceText\" id=\"dataBlockId-332\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">A key contention raised by companies is the lack of supportive policy frameworks from governments, which hampers their ability to swiftly enact emissions reductions. The challenges are further compounded by the complexity and cost of addressing Scope 3 emissions, which constitute a significant portion of companies’ carbon footprints. <\/span><\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"336\" class=\"mceText\" id=\"dataBlockId-336\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">What may be seen as a response to corporate concerns around meeting climate targets, the SBTi board of directors recently made an announcement that marks a significant shift in its approach by expanding the use of carbon offsets to meet Scope 3 abatement targets. Until now, SBTi only allowed the use of carbon credits to offset 10% of the residual unavoidable emissions after a company has successfully met 90% of its net-zero target.<\/span><\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"335\" class=\"mceText\" id=\"dataBlockId-335\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">What does this mean for the Net-Zero standard and the carbon markets? Expect demand for carbon credits to take off. According to Bloomberg, companies with SBTi targets emit 30 billion tonnes of CO2, of which a massive 27 billion tonnes come from Scope 3 emissions. Even if SBTi extends the use of environmental attribute certificates to offset 10% of all Scope 3 emissions, we are looking at a potential demand for 2.7 billion credits; far beyond what the VCM can supply in its current state.<\/span><\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"337\" class=\"mceText\" id=\"dataBlockId-337\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">Even if all companies with targets do not choose to exhaust their offsetting quota (yet to be defined by SBTi), we can expect the demand addition to be substantial. With SBTi devising solutions to climate issues that do not ignore the cost-efficiency needs of businesses, more companies are likely to set ambitious Net-Zero targets, further expanding the demand pool for the VCM.<\/span><\/span><\/p><\/div><\/td><\/tr><tr><td style=\"background-color:transparent;padding-top:10px;padding-bottom:10px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" width=\"100%\" style=\"background-color:transparent\" role=\"presentation\" data-block-id=\"221\"><tbody><tr><td style=\"min-width:100%;border-top:1px solid #dcdfe4\" valign=\"top\"><\/td><\/tr><\/tbody><\/table><\/td><\/tr><tr><td style=\"padding-top:20px;padding-bottom:4px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"120\" class=\"mceText\" id=\"dataBlockId-120\" style=\"width:100%\"><p style=\"line-height: 2;\" class=\"last-child\"><strong><span style=\"color:#265cff;\"><span style=\"font-size: 12px\"><span style=\"font-family: 'DM Sans', sans-serif\">PRICE TRENDS<\/span><\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:0;padding-bottom:0;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"146\" class=\"mceText\" id=\"dataBlockId-146\" style=\"width:100%\"><p class=\"last-child\"><strong><span style=\"color:#091e42;\"><span style=\"font-size: 22px\"><span style=\"font-family: 'DM Sans', sans-serif\">Carbon credit price for the past month<\/span><\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:12px;padding-bottom:6px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"200\" class=\"mceText\" id=\"dataBlockId-200\" style=\"width:100%\"><p style=\"letter-spacing: 0px;\" class=\"last-child\"><strong><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">Price per credit: <\/span><span style=\"font-size: 18px\"><span style=\"font-family: 'DM Sans', sans-serif\">$3.55<\/span><\/span><\/span><\/strong><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">\/tCO2e<\/span><\/span><span style=\"font-family: 'DM Sans', sans-serif\"> (-1.<\/span><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">9%MoM<\/span><\/span><span style=\"font-family: 'DM Sans', sans-serif\">)<\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:0;padding-bottom:5px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"205\" class=\"mceText\" id=\"dataBlockId-205\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:rgb(23, 43, 77);\"><span style=\"font-family: 'DM Sans', sans-serif\">Based on top 500 projects globally by volume of credits retired.<\/span><\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:12px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"142\" class=\"mceText\" id=\"dataBlockId-142\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\">The average cost per credit has dropped by 1.9% compared to last month’s $3.62, now standing at $3.55. Credit prices for <\/span><strong><span style=\"color:#172b4d;\">nature-based solutions<\/span><\/strong><span style=\"color:#172b4d;\"> have have witnessed a fall of 4.9%, currently priced at $3.65. Premium <\/span><strong><span style=\"color:#172b4d;\">biochar projects<\/span><\/strong><span style=\"color:#172b4d;\"> are still robust, with Puro credits seeing a slight uptick of 0.9% month-on-month, remaining at $172.19 per credit.<\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:12px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"340\" class=\"mceText\" id=\"dataBlockId-340\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\">The recent surge in CORSIA\u00a0credits prices is a pivotal development. This comes along with the first large issuance of CORSIA credits by Guyana. With obligations on aviation industry players to offset emissions looming, the demand for eligible credits is intensifying.<\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:12px;padding-bottom:12px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" align=\"left\" valign=\"top\"><table align=\"left\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" role=\"presentation\" data-block-id=\"102\"><tbody><tr><\/tr><tr class=\"mceStandardButton\"><td style=\"background-color:#265cff;border-radius:8px;text-align:center\" class=\"mceButton\" valign=\"top\"><a href=\"https:\/\/neufin.co\/carbon-credit-prices\" target=\"_blank\" style=\"background-color:#265cff;border-radius:8px;border:1px solid #265cff;color:#ffffff;display:block;font-family:'DM Sans', sans-serif;font-size:16px;font-weight:normal;font-style:normal;padding:12px 28px;text-decoration:none;min-width:30px;text-align:center;direction:ltr;letter-spacing:0px\" rel=\"noopener\">Explore our price tracker<\/a><\/td><\/tr><tr><\/tr><tr>\n\n<\/tr><\/tbody><\/table><\/td><\/tr><tr><td style=\"background-color:transparent;padding-top:10px;padding-bottom:10px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" width=\"100%\" style=\"background-color:transparent\" role=\"presentation\" data-block-id=\"277\"><tbody><tr><td style=\"min-width:100%;border-top:1px solid #dcdfe4\" valign=\"top\"><\/td><\/tr><\/tbody><\/table><\/td><\/tr><tr><td style=\"padding-top:20px;padding-bottom:4px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"158\" class=\"mceText\" id=\"dataBlockId-158\" style=\"width:100%\"><p style=\"line-height: 2;\" class=\"last-child\"><strong><span style=\"color:#265cff;\"><span style=\"font-size: 12px\"><span style=\"font-family: 'DM Sans', sans-serif\">SUMMARY<\/span><\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:0;padding-bottom:0;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"159\" class=\"mceText\" id=\"dataBlockId-159\" style=\"width:100%\"><p class=\"last-child\"><strong><span style=\"color:#091e42;\"><span style=\"font-size: 22px\"><span style=\"font-family: 'DM Sans', sans-serif\">To wrap it up<\/span><\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"109\" class=\"mceText\" id=\"dataBlockId-109\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">There appears to be a growing consensus that abandoning the markets for environmental commodities such as the VCM might be the equivalent of turning away from an avenue with immense potential for environmental gains. With the VCM in a mature space and an ever-growing need for climate finance, businesses and standards alike are focusing on generating and procuring quality carbon credit supply. This is evident with the growth of the burgeoning market for carbon removal credits. In the coming months we expect to see action from the SBTi, carbon standards, and other watchdogs in the space. <\/span><\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"161\" class=\"mceText\" id=\"dataBlockId-161\" style=\"width:100%\"><p style=\"line-height: 1.5;\"><span style=\"color: #476584;\"><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">We\u2019ll be back with more interesting updates next month.<\/span><\/span><\/span><\/p><p class=\"last-child\"><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">Team Neufin<\/span><\/span><\/span><\/p><\/div><\/td><\/tr><tbody><\/tbody><\/table><\/td><\/tr><\/tbody><\/table><\/td><\/tr><\/tbody><\/table><\/td><\/tr><\/tbody><\/table><\/td><\/tr><\/tbody><\/table><\/td><\/tr><\/tbody><\/table><\/td><\/tr><\/tbody><\/table><\/td><\/tr><\/tbody><\/table><\/td><\/tr><\/tbody><\/table><\/td><\/tr><\/tbody><\/table>\n<\/td>\n<\/tr>\n<\/tbody><\/table>\n<\/center>\n<\/html>\n","protected":false},"excerpt":{"rendered":"<p>*|MC:SUBJECT|* *|MC_PREVIEW_TEXT|* Your monthly update from the world of climate finance is back. Let\u2019s dive right in! NEWS SBTi board allows use of carbon offsets to meet Scope 3 targets SBTi has decided to extend the use of carbon offsets from the voluntary carbon market and other environmental attributes for the purpose of abatement of […]<\/p>\n","protected":false},"author":2,"featured_media":4771,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rank_math_lock_modified_date":false,"footnotes":""},"categories":[61],"tags":[],"series":[],"acf":[],"_links":{"self":[{"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/posts\/4904"}],"collection":[{"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/comments?post=4904"}],"version-history":[{"count":12,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/posts\/4904\/revisions"}],"predecessor-version":[{"id":4919,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/posts\/4904\/revisions\/4919"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/media\/4771"}],"wp:attachment":[{"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/media?parent=4904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/categories?post=4904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/tags?post=4904"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/series?post=4904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

{"id":4904,"date":"2024-06-19T15:28:56","date_gmt":"2024-06-19T09:58:56","guid":{"rendered":"https:\/\/neufin.co\/blog\/?p=4904"},"modified":"2024-06-19T15:28:57","modified_gmt":"2024-06-19T09:58:57","slug":"newsletter-april-2024","status":"publish","type":"post","link":"https:\/\/neufin.co\/blog\/newsletter-april-2024\/","title":{"rendered":"Newsletter \u2013 April 2024"},"content":{"rendered":"\n\n\n\n\n\n*|MC:SUBJECT|*<\/title>\n<link rel=\"stylesheet\" href=\"https:\/\/fonts.googleapis.com\/css?family=DM+Sans:400,400i,700,700i,900,900i\"\/><style> img{-ms-interpolation-mode:bicubic;} \n table, td{mso-table-lspace:0pt; mso-table-rspace:0pt;} \n .mceStandardButton, .mceStandardButton td, .mceStandardButton td a{mso-hide:all !important;} \n p, a, li, td, blockquote{mso-line-height-rule:exactly;} \n p, a, li, td, body, table, blockquote{-ms-text-size-adjust:100%; -webkit-text-size-adjust:100%;} \n @media only screen and (max-width: 480px){\n body, table, td, p, a, li, 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align=\"center\" valign=\"top\">\n<table id=\"root\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" width=\"100%\"><tbody data-block-id=\"13\" class=\"mceWrapper\"><tr><td align=\"center\" valign=\"top\" class=\"mceWrapperOuter\"><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" width=\"100%\" style=\"max-width:660px\" role=\"presentation\"><tbody><tr><td style=\"background-color:#ffffff;background-position:center;background-repeat:no-repeat;background-size:cover\" class=\"mceWrapperInner\" valign=\"top\"><table align=\"center\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" width=\"100%\" role=\"presentation\" data-block-id=\"12\"><tbody><tr class=\"mceRow\"><td style=\"background-position:center;background-repeat:no-repeat;background-size:cover\" valign=\"top\"><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" width=\"100%\" role=\"presentation\"><tbody><tr><td style=\"padding-top:0;padding-bottom:0\" class=\"mceColumn\" data-block-id=\"-10\" valign=\"top\" colspan=\"12\" width=\"100%\"><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" width=\"100%\" role=\"presentation\"><tbody><tr><td style=\"padding-top:0;padding-bottom:0;padding-right:0;padding-left:0\" class=\"mceBlockContainerE2E\" align=\"full\" valign=\"top\"><img decoding=\"async\" data-block-id=\"117\" width=\"659.9999999999999\" height=\"auto\" style=\"width:659.9999999999999px;height:auto;max-width:1200px !important;border:0;border-radius:0;display:block\" alt=\"\" src=\"https:\/\/mcusercontent.com\/eb184b1541a1600db1bf43ad9\/images\/9b515dfb-2149-14c6-2190-04ac33bb1ade.png\" role=\"presentation\" class=\"imageDropZone mceImage\"\/><\/td><\/tr><tr><td style=\"background-color:#f7f8f9;padding-top:24px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"15\" class=\"mceText\" id=\"dataBlockId-15\" style=\"width:100%\"><\/div><\/td><\/tr><tr><td style=\"background-color:#f7f8f9;padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"122\" class=\"mceText\" id=\"dataBlockId-122\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#091e42;\">Your monthly update from the world of climate finance is back.<\/span><\/p><\/div><\/td><\/tr><tr><td style=\"background-color:#f7f8f9;padding-top:8px;padding-bottom:24px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"262\" class=\"mceText\" id=\"dataBlockId-262\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#091e42;\"><span style=\"font-family: 'DM Sans', sans-serif\">Let\u2019s dive right in!<\/span><\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:24px;padding-bottom:4px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"113\" class=\"mceText\" id=\"dataBlockId-113\" style=\"width:100%\"><p style=\"line-height: 2;\" class=\"last-child\"><strong><span style=\"color:#265cff;\"><span style=\"font-size: 12px\"><span style=\"font-family: 'DM Sans', sans-serif\">NEWS<\/span><\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:0;padding-bottom:6px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"326\" class=\"mceText\" id=\"dataBlockId-326\" style=\"width:100%\"><p class=\"last-child\"><strong><span style=\"color:#091e42;\"><span style=\"font-size: 22px\"><span style=\"font-family: 'DM Sans', sans-serif\">SBTi board allows use of carbon offsets to meet Scope 3 targets<\/span><\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"255\" class=\"mceText\" id=\"dataBlockId-255\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\">SBTi has decided to extend the use of carbon offsets from the voluntary carbon market and other environmental attributes for the purpose of abatement of Scope 3 related emissions beyond the current limits.<\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"331\" class=\"mceText\" id=\"dataBlockId-331\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\">In July, a discussion paper with a draft proposal from SBTi about potential changes to Scope 3 will be published which will feed into the standard draft\u00a0that corporates use for target setting. <\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:24px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"328\" class=\"mceText\" id=\"dataBlockId-328\" style=\"width:100%\"><p class=\"last-child\"><a href=\"https:\/\/sciencebasedtargets.org\/news\/statement-from-the-sbti-board-of-trustees-on-use-of-environmental-attribute-certificates-including-but-not-limited-to-voluntary-carbon-markets-for-abatement-purposes-limited-to-scope-3\" target=\"_blank\" style=\"color: #265cff;\" rel=\"noopener\"><span style=\"font-family: 'DM Sans', sans-serif\">Read more here<\/span><\/a><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:0;padding-bottom:6px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"317\" class=\"mceText\" id=\"dataBlockId-317\" style=\"width:100%\"><p class=\"last-child\"><strong><span style=\"font-size: 22px\"><span style=\"font-family: 'DM Sans', sans-serif\">UN climate chief calls for \u201cquantum leap in climate finance\u201d<\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"318\" class=\"mceText\" id=\"dataBlockId-318\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\">UN Climate chief Simon Stiell called on the International Monetary Fund<\/span> <span style=\"color:#172b4d;\">to make \u201cmore use\u201d of an obscure pot of money called the Catastrophe Containment Relief Trust (CCRT) in his recent speech. <\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"329\" class=\"mceText\" id=\"dataBlockId-329\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\">The CCRT provides grants for debt relief to the world\u2019s poorest countries when they are hit by disasters that meet a preset threshold of destruction. But the IMF\u2019s latest\u00a0<\/span><a href=\"https:\/\/www.imf.org\/external\/pubs\/ft\/ar\/2023\/english\/\" style=\"color: #172b4d;\" target=\"_blank\" rel=\"noopener\">annual report<\/a><span style=\"color:#172b4d;\">\u00a0described the trust as \u201ccritically underfunded\u201d with \u201cinsufficient resources to provide significant relief\u201d when another disaster strikes.<\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:24px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"319\" class=\"mceText\" id=\"dataBlockId-319\" style=\"width:100%\"><p class=\"last-child\"><a href=\"https:\/\/unfccc.int\/news\/two-years-to-save-the-world-simon-stiell-at-chatham-house\" target=\"_blank\" style=\"color: #265cff;\" rel=\"noopener\">Read more here<\/a><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:0;padding-bottom:6px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"320\" class=\"mceText\" id=\"dataBlockId-320\" style=\"width:100%\"><p class=\"last-child\"><strong><span style=\"font-size: 22px\"><span style=\"font-family: 'DM Sans', sans-serif\">Climate change threatens right to equality: Supreme Court<\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"327\" class=\"mceText\" id=\"dataBlockId-327\" style=\"width:100%\"><p style=\"line-height: 1.5;\" class=\"last-child\"><span style=\"color:#172b4d;\">India’s Supreme Court has ruled for the first time on the right to be free from the negative effects of climate change.<\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"330\" class=\"mceText\" id=\"dataBlockId-330\" style=\"width:100%\"><p style=\"line-height: 1.5;\" class=\"last-child\"><span style=\"color:#172b4d;\">In its judgement the bench said, “The right to a healthy environment encapsulates the principle that every individual has the entitlement to live in an environment that is clean, safe, and conducive to their well-being. By recognising the right to a healthy environment and the right to be free from the adverse effects of climate change, states are compelled to prioritise environmental protection and sustainable development, thereby addressing the root causes of climate change and safeguarding the wellbeing of present and future generations.\u201d<\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:24px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"258\" class=\"mceText\" id=\"dataBlockId-258\" style=\"width:100%\"><p class=\"last-child\"><a href=\"https:\/\/www.business-standard.com\/india-news\/climate-change-threatens-constitutional-guarantee-of-right-to-equality-sc-124040800171_1.html\" target=\"_blank\" style=\"color: #265cff;\" rel=\"noopener\"><span style=\"font-family: 'DM Sans', sans-serif\">Read more here<\/span><\/a><\/p><\/div><\/td><\/tr><tr><td style=\"background-color:transparent;padding-top:12px;padding-bottom:10px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" width=\"100%\" style=\"background-color:transparent\" role=\"presentation\" data-block-id=\"110\"><tbody><tr><td style=\"min-width:100%;border-top:1px solid #dcdfe4\" valign=\"top\"><\/td><\/tr><\/tbody><\/table><\/td><\/tr><tr><td style=\"padding-top:20px;padding-bottom:4px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"264\" class=\"mceText\" id=\"dataBlockId-264\" style=\"width:100%\"><p style=\"line-height: 2;\" class=\"last-child\"><strong><span style=\"color:#265cff;\"><span style=\"font-size: 12px\"><span style=\"font-family: 'DM Sans', sans-serif\">EXPLORE<\/span><\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:0;padding-bottom:0;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"284\" class=\"mceText\" id=\"dataBlockId-284\" style=\"width:100%\"><p class=\"last-child\"><strong><span style=\"color:#091e42;\"><span style=\"font-size: 22px\"><span style=\"font-family: 'DM Sans', sans-serif\">Our risk-assessed project portfolio<\/span><\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:12px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"279\" class=\"mceText\" id=\"dataBlockId-279\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\">We now have a dedicated portfolio of curated carbon removal projects in the global south. The portal allows investors to view key details associated with these projects (IRR, payback period, <\/span><strong><span style=\"color:#172b4d;\">price per credit, emission reduction estimates<\/span><\/strong><span style=\"color:#172b4d;\">) and most excitingly, view our<\/span><strong><span style=\"color:#172b4d;\"> ex-ante risk assessments<\/span><\/strong><span style=\"color:#172b4d;\"> to understand if the projects match their risk profile. <\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:12px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"339\" class=\"mceText\" id=\"dataBlockId-339\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\">To do your own due diligence, you can also request access to project data rooms!<\/span><\/p><\/div><\/td><\/tr><tr><td style=\"background-color:#f7f8f9;padding-top:24px;padding-bottom:24px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" align=\"center\" valign=\"top\"><img decoding=\"async\" data-block-id=\"338\" width=\"564\" height=\"auto\" style=\"width:564px;height:auto;max-width:1024px !important;border:0;display:block\" alt=\"\" src=\"https:\/\/mcusercontent.com\/eb184b1541a1600db1bf43ad9\/images\/98f9cdd4-bc00-2896-7730-4b05a70823a5.gif\" role=\"presentation\" class=\"imageDropZone mceImage\"\/><\/td><\/tr><tr><td style=\"padding-top:20px;padding-bottom:12px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" align=\"left\" valign=\"top\"><table align=\"left\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" role=\"presentation\" data-block-id=\"304\"><tbody><tr><\/tr><tr class=\"mceStandardButton\"><td style=\"background-color:#265cff;border-radius:8px;text-align:center\" class=\"mceButton\" valign=\"top\"><a href=\"https:\/\/neufin.co\/projects\" target=\"_blank\" style=\"background-color:#265cff;border-radius:8px;border:1px solid #265cff;color:#ffffff;display:block;font-family:'DM Sans', sans-serif;font-size:16px;font-weight:normal;font-style:normal;padding:12px 28px;text-decoration:none;min-width:30px;text-align:center;direction:ltr;letter-spacing:0px\" rel=\"noopener\">Explore our portfolio<\/a><\/td><\/tr><tr><\/tr><tr>\n\n<\/tr><\/tbody><\/table><\/td><\/tr><tr><td style=\"background-color:transparent;padding-top:12px;padding-bottom:10px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" width=\"100%\" style=\"background-color:transparent\" role=\"presentation\" data-block-id=\"295\"><tbody><tr><td style=\"min-width:100%;border-top:1px solid #dcdfe4\" valign=\"top\"><\/td><\/tr><\/tbody><\/table><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:4px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"218\" class=\"mceText\" id=\"dataBlockId-218\" style=\"width:100%\"><p style=\"line-height: 2;\" class=\"last-child\"><strong><span style=\"color:#265cff;\"><span style=\"font-size: 12px\"><span style=\"font-family: 'DM Sans', sans-serif\">PERSPECTIVE<\/span><\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:0;padding-bottom:0;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"215\" class=\"mceText\" id=\"dataBlockId-215\" style=\"width:100%\"><p class=\"last-child\"><strong><span style=\"color:#091e42;\"><span style=\"font-size: 22px\"><span style=\"font-family: 'DM Sans', sans-serif\">The battle between climate targets and business interests<\/span><\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"220\" class=\"mceText\" id=\"dataBlockId-220\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">The battle between climate targets and business interests is intensifying as companies grapple with the practical challenges of meeting ambitious emission reduction goals while protecting corporate interests. The recent removal of several prominent companies, including Microsoft, Unilever, and JBS, from the validation process for their climate plans under SBTi underscores the complexities involved in aligning corporate strategies with global climate objectives.<\/span><\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"332\" class=\"mceText\" id=\"dataBlockId-332\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">A key contention raised by companies is the lack of supportive policy frameworks from governments, which hampers their ability to swiftly enact emissions reductions. The challenges are further compounded by the complexity and cost of addressing Scope 3 emissions, which constitute a significant portion of companies’ carbon footprints. <\/span><\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"336\" class=\"mceText\" id=\"dataBlockId-336\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">What may be seen as a response to corporate concerns around meeting climate targets, the SBTi board of directors recently made an announcement that marks a significant shift in its approach by expanding the use of carbon offsets to meet Scope 3 abatement targets. Until now, SBTi only allowed the use of carbon credits to offset 10% of the residual unavoidable emissions after a company has successfully met 90% of its net-zero target.<\/span><\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"335\" class=\"mceText\" id=\"dataBlockId-335\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">What does this mean for the Net-Zero standard and the carbon markets? Expect demand for carbon credits to take off. According to Bloomberg, companies with SBTi targets emit 30 billion tonnes of CO2, of which a massive 27 billion tonnes come from Scope 3 emissions. Even if SBTi extends the use of environmental attribute certificates to offset 10% of all Scope 3 emissions, we are looking at a potential demand for 2.7 billion credits; far beyond what the VCM can supply in its current state.<\/span><\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"337\" class=\"mceText\" id=\"dataBlockId-337\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">Even if all companies with targets do not choose to exhaust their offsetting quota (yet to be defined by SBTi), we can expect the demand addition to be substantial. With SBTi devising solutions to climate issues that do not ignore the cost-efficiency needs of businesses, more companies are likely to set ambitious Net-Zero targets, further expanding the demand pool for the VCM.<\/span><\/span><\/p><\/div><\/td><\/tr><tr><td style=\"background-color:transparent;padding-top:10px;padding-bottom:10px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" width=\"100%\" style=\"background-color:transparent\" role=\"presentation\" data-block-id=\"221\"><tbody><tr><td style=\"min-width:100%;border-top:1px solid #dcdfe4\" valign=\"top\"><\/td><\/tr><\/tbody><\/table><\/td><\/tr><tr><td style=\"padding-top:20px;padding-bottom:4px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"120\" class=\"mceText\" id=\"dataBlockId-120\" style=\"width:100%\"><p style=\"line-height: 2;\" class=\"last-child\"><strong><span style=\"color:#265cff;\"><span style=\"font-size: 12px\"><span style=\"font-family: 'DM Sans', sans-serif\">PRICE TRENDS<\/span><\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:0;padding-bottom:0;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"146\" class=\"mceText\" id=\"dataBlockId-146\" style=\"width:100%\"><p class=\"last-child\"><strong><span style=\"color:#091e42;\"><span style=\"font-size: 22px\"><span style=\"font-family: 'DM Sans', sans-serif\">Carbon credit price for the past month<\/span><\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:12px;padding-bottom:6px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"200\" class=\"mceText\" id=\"dataBlockId-200\" style=\"width:100%\"><p style=\"letter-spacing: 0px;\" class=\"last-child\"><strong><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">Price per credit: <\/span><span style=\"font-size: 18px\"><span style=\"font-family: 'DM Sans', sans-serif\">$3.55<\/span><\/span><\/span><\/strong><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">\/tCO2e<\/span><\/span><span style=\"font-family: 'DM Sans', sans-serif\"> (-1.<\/span><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">9%MoM<\/span><\/span><span style=\"font-family: 'DM Sans', sans-serif\">)<\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:0;padding-bottom:5px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"205\" class=\"mceText\" id=\"dataBlockId-205\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:rgb(23, 43, 77);\"><span style=\"font-family: 'DM Sans', sans-serif\">Based on top 500 projects globally by volume of credits retired.<\/span><\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:12px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"142\" class=\"mceText\" id=\"dataBlockId-142\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\">The average cost per credit has dropped by 1.9% compared to last month’s $3.62, now standing at $3.55. Credit prices for <\/span><strong><span style=\"color:#172b4d;\">nature-based solutions<\/span><\/strong><span style=\"color:#172b4d;\"> have have witnessed a fall of 4.9%, currently priced at $3.65. Premium <\/span><strong><span style=\"color:#172b4d;\">biochar projects<\/span><\/strong><span style=\"color:#172b4d;\"> are still robust, with Puro credits seeing a slight uptick of 0.9% month-on-month, remaining at $172.19 per credit.<\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:12px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"340\" class=\"mceText\" id=\"dataBlockId-340\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\">The recent surge in CORSIA\u00a0credits prices is a pivotal development. This comes along with the first large issuance of CORSIA credits by Guyana. With obligations on aviation industry players to offset emissions looming, the demand for eligible credits is intensifying.<\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:12px;padding-bottom:12px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" align=\"left\" valign=\"top\"><table align=\"left\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" role=\"presentation\" data-block-id=\"102\"><tbody><tr><\/tr><tr class=\"mceStandardButton\"><td style=\"background-color:#265cff;border-radius:8px;text-align:center\" class=\"mceButton\" valign=\"top\"><a href=\"https:\/\/neufin.co\/carbon-credit-prices\" target=\"_blank\" style=\"background-color:#265cff;border-radius:8px;border:1px solid #265cff;color:#ffffff;display:block;font-family:'DM Sans', sans-serif;font-size:16px;font-weight:normal;font-style:normal;padding:12px 28px;text-decoration:none;min-width:30px;text-align:center;direction:ltr;letter-spacing:0px\" rel=\"noopener\">Explore our price tracker<\/a><\/td><\/tr><tr><\/tr><tr>\n\n<\/tr><\/tbody><\/table><\/td><\/tr><tr><td style=\"background-color:transparent;padding-top:10px;padding-bottom:10px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" width=\"100%\" style=\"background-color:transparent\" role=\"presentation\" data-block-id=\"277\"><tbody><tr><td style=\"min-width:100%;border-top:1px solid #dcdfe4\" valign=\"top\"><\/td><\/tr><\/tbody><\/table><\/td><\/tr><tr><td style=\"padding-top:20px;padding-bottom:4px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"158\" class=\"mceText\" id=\"dataBlockId-158\" style=\"width:100%\"><p style=\"line-height: 2;\" class=\"last-child\"><strong><span style=\"color:#265cff;\"><span style=\"font-size: 12px\"><span style=\"font-family: 'DM Sans', sans-serif\">SUMMARY<\/span><\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:0;padding-bottom:0;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"159\" class=\"mceText\" id=\"dataBlockId-159\" style=\"width:100%\"><p class=\"last-child\"><strong><span style=\"color:#091e42;\"><span style=\"font-size: 22px\"><span style=\"font-family: 'DM Sans', sans-serif\">To wrap it up<\/span><\/span><\/span><\/strong><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"109\" class=\"mceText\" id=\"dataBlockId-109\" style=\"width:100%\"><p class=\"last-child\"><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">There appears to be a growing consensus that abandoning the markets for environmental commodities such as the VCM might be the equivalent of turning away from an avenue with immense potential for environmental gains. With the VCM in a mature space and an ever-growing need for climate finance, businesses and standards alike are focusing on generating and procuring quality carbon credit supply. This is evident with the growth of the burgeoning market for carbon removal credits. In the coming months we expect to see action from the SBTi, carbon standards, and other watchdogs in the space. <\/span><\/span><\/p><\/div><\/td><\/tr><tr><td style=\"padding-top:8px;padding-bottom:8px;padding-right:24px;padding-left:24px\" class=\"mceBlockContainer\" valign=\"top\"><div data-block-id=\"161\" class=\"mceText\" id=\"dataBlockId-161\" style=\"width:100%\"><p style=\"line-height: 1.5;\"><span style=\"color: #476584;\"><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">We\u2019ll be back with more interesting updates next month.<\/span><\/span><\/span><\/p><p class=\"last-child\"><span style=\"color:#172b4d;\"><span style=\"font-family: 'DM Sans', sans-serif\">Team Neufin<\/span><\/span><\/span><\/p><\/div><\/td><\/tr><tbody><\/tbody><\/table><\/td><\/tr><\/tbody><\/table><\/td><\/tr><\/tbody><\/table><\/td><\/tr><\/tbody><\/table><\/td><\/tr><\/tbody><\/table><\/td><\/tr><\/tbody><\/table><\/td><\/tr><\/tbody><\/table><\/td><\/tr><\/tbody><\/table><\/td><\/tr><\/tbody><\/table><\/td><\/tr><\/tbody><\/table>\n<\/td>\n<\/tr>\n<\/tbody><\/table>\n<\/center>\n<\/html>\n","protected":false},"excerpt":{"rendered":"<p>*|MC:SUBJECT|* *|MC_PREVIEW_TEXT|* Your monthly update from the world of climate finance is back. Let\u2019s dive right in! NEWS SBTi board allows use of carbon offsets to meet Scope 3 targets SBTi has decided to extend the use of carbon offsets from the voluntary carbon market and other environmental attributes for the purpose of abatement of […]<\/p>\n","protected":false},"author":2,"featured_media":4771,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rank_math_lock_modified_date":false,"footnotes":""},"categories":[61],"tags":[],"series":[],"acf":[],"_links":{"self":[{"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/posts\/4904"}],"collection":[{"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/comments?post=4904"}],"version-history":[{"count":12,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/posts\/4904\/revisions"}],"predecessor-version":[{"id":4919,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/posts\/4904\/revisions\/4919"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/media\/4771"}],"wp:attachment":[{"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/media?parent=4904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/categories?post=4904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/tags?post=4904"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/series?post=4904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}