Differentiating tropical forest carbon credits by impact, quality, and scale

Differentiating tropical forest carbon credits by impact, quality, and scale

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TFCI 2022 Guide

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TFCI 2022 Guide

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TFCI 2022 Guide

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TFCI 2022 Guide

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TFCI 2022 Guide

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About the Guide

The Tropical Forest Credit Integrity (TFCI) Guide has been developed for companies interested in purchasing carbon credits in the voluntary carbon market to differentiate between forest carbon credits. This will help move the market toward credits with high social and environmental integrity.

This Guidance is designed to assist decision-making by individuals and teams responsible for developing and implementing corporate climate mitigation and net-zero strategies.

The TCFI Guide was developed by eight authoring organizations and has been informed by an open global consultation process undertaken from December 2021 to February 2022. Meridian Institute provided facilitation support to the authoring organizations in the development of this Guide.

TFCI organization logos
Bezos Earth Fund logo

Made possible by a grant from Bezos Earth Fund, the TFCI Guide is the result of a year-long collaboration between the eight organizations in consultation with diverse stakeholders from around the world.

Evolution of Voluntary Carbon Markets Governance

The TFCI Guide is part of an evolving ecosystem of initiatives and resources focused on the governance of voluntary carbon markets (VCMs). We recognize and value the work of many other initiatives and platforms seeking to improve the integrity of VCMs, in which many of our organizations participate, including the Integrity Council for Voluntary Carbon Markets (IC-VCM), the Natural Climate Solutions Alliance (NCSA), the Science Based Targets initiative (SBTi), Voluntary Carbon Markets Integrity initiative (VCMI), the Carbon Credit Quality Initiative (CCQI), and others. These and other initiatives are working to provide guidance on demand-side carbon credit quality issues such as claims as well as guidance on credits beyond the forest sector. It is our intent to collaborate with these initiatives to support the evolution of a consistent, coherent, and efficient framework for VCM governance. Indeed, we do not intend to create a new entity; rather, we seek to actively advocate for the uptake of this Guidance by these other initiatives and platforms.

What’s Next

Our organizations will continue to work together to develop additional guidance regarding corporate purchase of high-quality tropical forest carbon credits, to be completed by late 2022. We will elaborate on:

  • Actions that standards and companies can take to ensure the social and environmental quality criteria and the full and effective participation of Indigenous Peoples and Local Communities, women, and underserved communities
  • How corporate buyers can incentivize and/or screen project-scale credits for consistency with the transition toward jurisdictional-scale crediting
  • The relationship between Indigenous territories and jurisdictional-scale crediting, including crediting approaches for High Forest, Low Deforestation (HFLD) areas
  • Corporate portfolios of carbon credit purchases with respect to the role of removals credits and credits from HFLD jurisdictions.

Quotes from
Authoring Organizations

What Stakeholders
are Saying

Frequently
Asked Questions

What is the purpose of the Tropical Forest Credit Integrity Guide?

The Guidance has been developed to support companies interested in purchasing carbon credits in the voluntary carbon market to differentiate among forest carbon credits and help move the market toward credits with high social and environmental integrity.

Who is the intended audience for the guidance?

This Guidance is designed to assist decision making by individuals and teams responsible for developing and implementing corporate climate mitigation/net zero strategies. It is also intended for consultants and those who advise companies on these topics. The Guidance is therefore for a technical audience familiar with forest carbon credits.

Does this guidance provide a standard against which performance can be certified?

While this Guidance is not a standard against which performance can be certified, it is our strong hope that those who set relevant standards will consider integration of this guidance.

What are the next steps?

Our organizations will continue to work together to develop additional guidance regarding corporate purchase of high-quality tropical forest carbon credits, to be completed by late 2022.

Did you consult with any other stakeholders when developing the guidance?

Our consultation process engaged diverse stakeholders around the world from 1 December 2021 through 15 February 2022. We are grateful for their participation and input. Our views have been informed and improved as a result. The consultation process also identified areas where more detailed guidance is needed. The authors of the document are continuing to work together to address some of these complex issues in a second phase, as referenced herein.

Can other organizations engage with the process?

The authors of the TCFI Guide will continue to engage a diversity of additional experts and perspectives in the development of additional guidance for companies. For inquiries about how to engage with Guidance development and/or if you are interested in providing an endorsement for the Guidance, please contact info@TFCIguide.org.

How are the organizations involved working with the existing initiatives focused on carbon credits?

We recognize and value the work of the many other initiatives and platforms seeking to build and improve the integrity of voluntary carbon markets, in which many of our organizations also participate, including the Integrity Council for Voluntary Carbon Markets (IC-VCM), the Voluntary Carbon Markets Integrity initiative (VCMI), the Natural Climate Solutions Alliance (NCSA), the Carbon Credit Quality Initiative (CCQI), and others. It is our intent to collaborate with these initiatives to support the evolution of a consistent, coherent, inclusive, equitable, and efficient framework for voluntary carbon market governance.

Is this a new initiative?

We do not intend to create a new entity; rather, we seek to actively advocate for the uptake of this Guidance by other initiatives and platforms.

Press
Release

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In the News

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For companies shopping for quality carbon credits, a new guide offers help

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Environmental groups launched a free online tool on Tuesday that they say will help voluntary…
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Consensus guidance for businesses on high-integrity tropical forest carbon credits

To increase available financing for tropical forest protection, a group of NGOs and Indigenous Peoples…

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For questions regarding engaging with the Tropical Forest Credit Integrity Guide, please email