Independent Assessment of Article 6.2 Credits' Risk for Switzerland by BeZero
BeZero Carbon, a leading carbon credit assessment company, has partnered with the Government of Switzerland in a significant move to bolster the independence and reliability of carbon markets. This collaboration marks a growing recognition for the need for robust risk infrastructure in scaling carbon markets, particularly in the context of the Paris Agreement's Article 6.2 [1][2][5].
Under this partnership, BeZero Carbon's Rated Carbon Credit Portfolio has received the AAport Certification from BeZero. This certification is crucial for the development of high-integrity, regulated carbon markets, as it ensures transparency, accountability, and scientific rigor [1][2][5].
BeZero Carbon's Chief Innovation Officer and Co-founder, Sebastien Cross, commented on the collaboration, stating, "This partnership is a practical step towards operationalizing Article 6.2 of the Paris Agreement. It sets a critical precedent for other governments seeking to develop high-integrity, regulated carbon markets with independent quality checks."
Switzerland's approach to integrating independent quality assessments into its procurement and due diligence processes demonstrates how governments can effectively manage climate-related risks while promoting accountability and ambition as countries race to meet their climate targets [1][2][5].
BeZero Carbon is currently mandated by the Swiss Federal Office for the Environment (FOEN) to conduct independent, project-level risk assessments of carbon credits authorized under Article 6.2 of the Paris Agreement. Three projects have been assessed so far, including an electric bus initiative and a rice cultivation project [1][2][5].
Experts view this approach as essential for scaling effective international carbon markets that maintain their credibility, helping channel finance reliably into climate solutions globally [1][2]. By setting a precedent for other governments, BeZero Carbon's work in Switzerland could pave the way for a more transparent and accountable future in global carbon trading.
In conclusion, BeZero Carbon's collaboration with Switzerland is a significant step towards operationalizing Article 6.2 of the Paris Agreement and developing trustworthy carbon markets worldwide. This partnership not only supports accountability and ambition as countries strive to meet their climate targets but also lays the foundation for more trustworthy and robust global carbon trading systems [1][2][5].
References: [1] BeZero Carbon. (2022). BeZero Carbon and Swiss Federal Office for the Environment (FOEN) Collaborate to Boost Transparency in Global Carbon Markets. Retrieved from https://www.bezerocarbon.com/news/bezero-carbon-and-swiss-federal-office-for-the-environment-foen-collaborate-to-boost-transparency-in-global-carbon-markets
[2] Swiss Federal Office for the Environment (FOEN). (2022). BeZero Carbon Mandated to Conduct Independent Risk Assessments of Article 6.2 Carbon Credits. Retrieved from https://www.bafu.admin.ch/bafu/en/home/topics/climate-change/international-cooperation/carbon-market/article6.html
[5] Rubicon Carbon. (2022). Rubicon Carbon's Rated Carbon Credit Portfolio Certified by BeZero. Retrieved from https://www.rubiconcarbon.com/news/rubicon-carbons-rated-carbon-credit-portfolio-certified-by-bezero
The partnership between BeZero Carbon and the Government of Switzerland has established a model for integrating independent quality assessments into carbon markets, which is instrumental for developing high-integrity, regulated carbon markets. This partnership, based on science and rigor, aims to promote transparency and accountability, thereby paving the way for reliable finance channeling into climate solutions, a crucial aspect of environmental-science and business.
