Our final update for the year comes with lots of information and news boosted by our 8th Australasian Emission Reduction Summit convened last week. Many thanks to our sponsors and participants for making it such a great event which registrants can relive or discover missed sessions on the online hub. We trust it was once again a rich source of inspiration, reflection and education as well as catalyst for the urgent action required.
At the Summit, CMI launched its updated Advocacy Position Statement (see below). This statement is developed through member consultation but reflects our independent view of the required policies for Australia as we approach a Federal election next year. The statement reflects the renewed focus that COP26 placed on limiting average global warming to 1.5oC and the need for extra action this decade on our twin climate and biodiversity crises. We welcome the now bipartisan support for net-zero emissions by 2050 and the need to halt and reverse deforestation by 2030 but both major parties have more to do.
The year ends with carbon markets offering significant opportunities and challenges. The next few months and years offer a generational opportunity to ensure that Australian, regional and global carbon and related markets are means to the ends of resolving our twin crises. This will require an even greater focus on integrity in crediting and transition as well as broader social licence from all participants. This will be a large focus for CMI in 2022 building on our support for the independent administration of the world’s first Carbon Industry Code of Conduct which, as detailed below, is now fully operational with an Independent Review Panel and complaints procedures.
Finally, I’d like to welcome our new Board Directors Skye Glenday, Raphael Wood and Anna Hancock and thank our outgoing Board Directors Emma Herd, James Schultz and Megan Flynn for their many years of service to CMI.
Thanks to all of you for your interest and support for all of our activities through an extremely challenging year and may I wish you all the best for 2022.
I am also delighted to share a special Christmas offer from the excellent “Footprint” news service of a three month free subscription. Details below.
Carbon Market Institute