NATURE-BASED CARBON CREDITS – OPPORTUNITIES AND CHALLENGES

BACKGROUND

Following our seminar on 10 June 2024 regarding Verified Carbon Credits and the Voluntary Carbon Market (VCM), this seminar aims to shed light on the importance, opportunities, and challenges facing Nature-Based Carbon Credits.

Carbon Credits have both globally and in Denmark emerged as a pivotal tool to mitigate greenhouse gas emissions and for promoting the green transition. Nature-Based Carbon Credits, derived from activities like reforestation, afforestation, and soil carbon sequestration, offer a sustainable way to offset carbon emissions and co-benefits of helping the biodiversity while sequestering carbon.

The integrity and impact of carbon credits depend heavily on rigorous verification and due diligence processes. Ensuring transparency, accountability, and quality in the carbon credits verification is essential for maintaining the integrity of carbon markets and driving meaningful climate action.

TAKEAWAYS

The seminar will give you an understanding of Nature-Based Carbon Credits, their benefits, and challenges, and you will be given insights in real life projects and learn from their practical lessons and best practices. Furthermore, you will get the opportunity to obtain an understanding of the verification and due diligence processes for carbon credits based on real life experiences from esteemed market players.

PROGRAM

15:00-15:10: Welcome and introductions  
by/ Flemming Pristed, Partner, Poul Schmith & Klint Klingberg-Jensen, Partner, Poul Schmith

15:10-15:30: Short introduction to the world of Verified Carbon Credits and CDR credits
by/ Flemming Pristed, Partner, Poul Schmith

15:30-16:15: Real-world insights on the verification of nature-based projects
by/ Claudia Herrmann, Head of Regulatory & Standard Affairs, Agreena

• This part of the seminar will look into the question of what it takes to achieve third-party project verification of nature-based projects, which is a requirement to issue tradable carbon credits on the Voluntary Carbon Market. Agreena will share their insights, considerations and experiences with the process, the market etc. in the processes of achieving verification of nature-based projects. Claudia will also speak about the interplay between nature-based carbon credit projects, and the current development of the Science Based Targets initiative (SBTi) to embrace carbon credits.

16:15 – 16:40: Networking and coffee-break

16:40 – 17:25: Due diligence on nature-based projects
by/ Erik Wihlborg, Chief Commercial Officer, Klimate.co, and Lauren Brown, Head of Carbon Removal, Klimate.co 

• ​Lauren and Mads will share their insights from carrying out due diligence on nature-based carbon credit projects and the dilemmas, challenges and market expectations that arise in this area. Klimate.co has extensive experience in conducting rigorous due diligence on carbon credit projects.

17:25 – 18:00 Light food, drinks, and networking

TARGET GROUP

Market practitioners, including policymakers and in-house counsels working or anticipating in the near future to work directly with establishing carbon credit regimes or buying or trading carbon credits in a domestic or international context. Legal staff from public authorities, supervisory and regulatory bodies that regulate or supervise the transition towards renewable energy and/or the reduction or removal of GHG emissions.

PARTICIPATION 

Participation is free.

CONTRIBUTERS

AGREENA

With over 200 employees and operations in 19 markets across Europe, Agreena is a pioneering Climate Tech company dedicated to transforming agriculture through regenerative practices. Since its founding in 2018, Agreena has focused on unlocking the power of soil carbon to finance the transition to sustainable farming. AgreenaCarbon, Europe’s first and leading soil carbon program, empowers more than 1,000 farmers managing over 2 million hectares to generate and sell high-quality carbon credits through verified regenerative practices. Headquartered in Copenhagen, Denmark, Agreena is committed to scaling its impact globally, driving the adoption of regenerative agriculture, and building a more sustainable food system for future generations.

KLIMATE.CO

Klimate provides access to high-quality, innovative, and verifiable carbon removal solutions. We are guided by science and leverage tech to enable growth and solve physical problems at scale. Assisted by our team of experts and supported by our advanced platform, we empower businesses to make a verifiable and tangible impact in the fight against climate change.

POUL SCHMITH

With more than 830 employees, Poul Schmith is Denmark’s largest full-service law firm, with specialist competencies across all legal practice areas. Since 2018, Poul Schmith has built a significant competence profile within legal services tailored to the renewable energy industry, with a particular focus on renewable energy projects, CCS/CCU, CO2 soil sequestration and VCCs and VCM as well as ESG-regulation and sustainable finance. Poul Schmith assists a wide range of Danish and international client on regulatory and contractual topics related to the origination, verification, and trading of carbon credits.

SPEAKERS

• Claudia Herrmann, Head of Regulatory & Standard Affairs, Agreena
• Mads Emil Dalsgaard, COO & Co-Founder, Klimate.co
• Lauren Brown, Head of Carbon Removal, Klimate.co