A new standard could help restore trust in carbon markets
Episode 49 is with Peter Minor (Absolute Climate) and Travis Caddy (Evident)Despite all of the recent progress to integrate carbon removal in carbon markets globally, a significant problem remains. Existing market mechanisms continue to commoditize carbon removal credits that we haven’t effectively standardized yet. Carbon credits are sold as interchangeable units despite differences in how project quality is evaluated. Absolute Climate thinks it has solved this problem with the Absolute Carbon Standard and its partnership with longstanding registry Evident. I speak to Peter Minor and Travis Caddy about this standard and exciting new partnership.In this episode, Na’im, Peter and Travis discuss:* the importance of standardized carbon removal measures;* Creating conflict-free certification mechanisms;* the creation of the Absolute Carbon Standard by Absolute Climate* the role of Evident in offering independent certification* the challenges of commoditizing carbon credits* the significance of separation of responsibilitiesRelevant Links:* Absolute Climate - Website* Evident - Website* C-Capsule - Website* A Standardized Test for Carbon Removal - Heatmap News* Absolute Carbon Standard V1.0About Peter:Peter Minor is a co-founder and CEO of Absolute Climate, and a veteran of the carbon removal industry. He previously served as the Director of Science & Innovation at Carbon180, the premier US federal policy organization for carbon removal. While there, he contributed to the development of key programs like the DOE Regional DAC Hubs, and pioneered core principles required for high-accountability MRV. Peter is also a technical reviewer for the carbon removal XPRIZE and steered development of Activate’s Carbon Management vertical. Always the optimist, Peter is a firm believer in humanity’s capacity to solve big problems.About Absolute Climate:Absolute Climate develops industry-leading carbon removal standards and methodologies without the conflicts of interest. They partner with registries, rather than operating their own, in order to better align incentives with climate impact. Their first product is the Absolute Carbon Standard, the first “standardized test” for carbon removal. It applies the same universal criteria to all projects, providing apples-to-apples quality comparisons even for dramatically different approaches.About Travis:Travis Caddy is the Business Development Director of Evident, where he is leading growth and partnerships across multiple registries certifying the Clean Economy. Beyond renewable energy, he also supports market design and implementation for other emerging asset classes, including carbon removal, sustainable aviation fuel and biomethane. Travis holds a Bachelor of Arts from University College London and is a Fellow of the Royal Geographical Society in London. About Evident:Evident is the world leader in certification of the Clean Economy and provider of the world's most widely used registry of environmental assets, serving customers in over 140 countries. Evident collaborates with governments and standard-setters to implement robust, credible certification standards that encourage transition to a certified, global Clean Economy. Evident manages the I-REC certificate service for electricity, MiQ certificate service for low-methane natural gas, among others.This episode was made possible thanks to the generous support of the Consecon Foundation.This episode was created and published by Na’im Merchant. Episode production and content support provided by Tank Chen.Na’im Merchant is the co-founder and Executive Director of Carbon Removal Canada, a policy initiative focused on scaling carbon removal in Canada. He is on the advisory board of the Carbon Removal Standards Initiative and Terraset, and a former policy fellow with Elemental Impact. He previously ran carbon removal consulting practice Carbon Curve, and publishes The Carbon Curve newsletter and podcast. Every two weeks, Na’im will release a short interview with individuals advancing the policies, technologies, and collective action needed to scale up carbon removal around the world.Tank Chen is the Head of Content and Community at CDR.fyi, a public benefit corporation dedicated to accelerating carbon removal through transparency. He is also the co-founder of CDRjobs, a career platform for the carbon removal industry. Based in Taiwan, Tank is a carbon removal advocate focused on educating policymakers, corporate leaders, and the public on the importance of carbon removal, using data-driven insights to support communication and policy advocacy.If you enjoyed this episode, please subscribe to this podcast on your favorite podcast app or subscribe via The Carbon Curve newsletter here. If you’d like to get in touch with Na’im, you can reach out via LinkedIn. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit carboncurve.substack.com
Colombia