COP28: CREDIT WHERE CREDIT IS DUE - COMMUNITY CLIMATE SOLUTION AT RISK - CR EDIT

HEADLINE:  COP28: CREDIT WHERE CREDIT IS DUE - COMMUNITY CLIMATE SOLUTION AT RISK
DURATION:  02:19
SOURCE:  NATURE POSITIVE
RESTRICTIONS:  ACCESS ALL PLATFORMS IN PERPETUITY; NO ARCHIVE RESALES

STORYLINE:

How to finance the necessary work to protect and restore nature is one of the most pressing topics in Dubai where world leaders are gathered for COP28.  Carbon markets -  seen as an essential element in the race to stop our planet overheating - are under scrutiny as some critics argue that they are a distraction from other solutions to meet global climate goals.  New measures to ensure these markets overcome negative perceptions are critical for global climate goals, but also the livelihoods of the people most dependent on healthy natural ecosystems.

SCRIPT:

How to finance the protection and restoration of nature is a pressing subject at COP28 in Dubai.

The voluntary carbon market for nature has been channelling finance for natural climate solutions to local communities

The idea is simple

Businesses buy carbon credits in projects that reduce and remove emissions

CAPTION:  Mark Kenber, Voluntary Carbon Market Integrity initiative

“Governments have promised money for many, many years, but that just isn't enough.(...) Carbon credits and the carbon markets which they come from are a way of channelling money from companies, particularly in rich countries, to those places in poorer countries which need to protect their forests, which need to have sustainable farming, need to restore nature.”

This approach benefits both the planet, and local communities

Caption:  Rachel Kyozira, Deputy Chief of Party, Restore Africa (Uganda)

“So we are talking we are talking trees, surviving trees by the end of the project, but we are talking food security, we are talking incomes, we are talking livelihoods, we are talking an improvement in the microclimate of everywhere we work and contributing to globally to all the systems that function, especially the food, the food security system, the livelihood system.”

CAPTION:  Isack Bryson, Carbon Tanzania

“The carbon revenue has been helpful in supporting local developmental projects. Example, building schools, building dispensaries, especially police stations we have built as well as community officers.”

But now these carbon markets are under fire

Critics argue that calculations for carbon credits are too generous.

And stakeholders fear these disputes will halt investments

Putting nature and climate at risk

And impacting the well being of communities

CAPTION:  SALLY ARMITAGE, GLOBAL EVERGREENING ALLIANCE

“Criticising carbon markets, and trying to find fault hurts all of us, because it slows down the process. If we could just get on with it now, get the investment, do the land restoration work with the livelihoods focus as quickly as we call. It doesn't matter where restoration work happens. It benefits the whole planet.”

Now new measures are being put in place to rebuild trust

“I think the foundations for a high integrity trusted carbon market are being put in place and over the next few months we'll see that those really are embedded.  I firmly believe that the standards that have been put in place will mean that we'll have far fewer poor projects in the future and we'll see much greater impact.”