Scaling The Voluntary Carbon Market With Rubicon Carbon

Scaling The Voluntary Carbon Market With Rubicon Carbon - Carbon Herald

On this episode of the Carbonsations podcast, we had the privilege of speaking with Dr. Jennifer Jenkins, the Chief Science Officer at Rubicon Carbon

Rubicon Carbon is a pioneering firm in carbon credit management and investment, dedicated to helping the world’s largest enterprises achieve their sustainability goals.

Dr. Jenkins shared her fascinating journey from academia to the private sector. With a PhD in ecosystem ecology, her early career was rooted in environmental science and government research. 

However, driven by a desire for greater impact and faster-paced change, she transitioned to the private sector after earning an MBA in 2016. This move coincided with the rise of the sustainability industry, and she has since been a key player in advancing corporate sustainability initiatives.

Rubicon Carbon: A Comprehensive Approach to Carbon Credits

Rubicon Carbon, founded in late 2022, offers a full spectrum of services across the carbon credit supply chain. From project development and validation to implementation, monitoring, sale, and retirement, Rubicon ensures a seamless process for its clients. 

Their flagship product, the Rubicon Carbon Ton (RCT), is a diversified portfolio of carbon credits designed to reduce risk and provide more options for corporate buyers.

Dr. Jenkins emphasized that Rubicon’s approach is unique because they own the credits in their portfolios, unlike traditional brokers. This ownership allows them to conduct rigorous due diligence and implement a risk adjustment process, ensuring that each credit represents a true ton of impact.

The Evolution to VCM 2.0

A significant portion of our conversation focused on the transition from Voluntary Carbon Market (VCM) 1.0 to VCM 2.0, which Rubicon Carbon is working towards. 

Dr. Jenkins explained that VCM 2.0 is characterized by increased transparency, improved methodologies, and a portfolio approach. 

Entities like the Integrity Council for the Voluntary Carbon Market (ICVCM) and the Voluntary Carbon Market Integrity Initiative (VCMI) are setting new standards to enhance the credibility and effectiveness of carbon credits.

The Role of Carbon Credits in Achieving Net Zero

Dr. Jenkins also discussed the recent update to the Science Based Targets initiative (SBTi) net zero standard, which now includes guidance on using carbon credits to address scope three emissions. 

She highlighted the importance of this development, noting that it provides companies with the flexibility needed to achieve their net zero goals, especially in hard-to-abate industries.

Relevant: Navigating The Legal Landscape Of Carbon Markets With Attorney Peter Mayer

Looking ahead, Dr. Jenkins envisions a future where carbon credits play a crucial role in mitigating the climate crisis. 

She believes that the voluntary carbon market is an essential tool for funneling investment into critical areas like tropical forest conservation and emerging removal technologies. 

While a global compliance market would be ideal, she sees the voluntary market continuing to grow and evolve, becoming more streamlined and accessible for corporate buyers.

Listen to the full conversation on Spotify or Apple Podcasts.


Relevant: Rubicon Carbon & YvY Capital To Boost Investments In Brazil

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