Hello,

iSEE has been notified by Second Nature that there is an incoming payment for recent carbon credit sales, totaling $15,625. I have attached the sales confirmation. The wire will be sent today or tomorrow to the account previously used for these payments.

Please let me know if you need any other information.

Best,

Miriam

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Miriam-

Thank you for the email and the sales confirmation attached. I will prepare the ACH form for this so University Accounting is aware the ACH will be coming in and where to deposit it.

Thanks!

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Hi everyone,

Did we receive this payment, as expected? I’d like to update the attached excel file, when the funds are received.

Thanks,

Morgan

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Hi Morgan,

Yes we did, please see my updated version attached. Let me know if you have any questions.

Thanks so much,

Courtney

Attached is the Carbon Offset Planning and Buying Guide Step 1 and Step 2. The documents contain information on UIUC's offsetting goals and approach with Second Natures MOU with UIUC.

Below is an email exchange between Meredtih Moore of iSEE and Steve Muzzy of Second Nature:

Hi Steve,

Hope you are doing well! I am touching base again to see if there is an update about the status of our carbon credit sales. We look forward to hearing from you. Thanks!

Meredith

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Hello Meredith,

Thanks for checking in. I've been meaning to follow up with the great news that UIUC credits have been issued and sold. However the reason I have waited is because the broker sold the credits in five batches and they are still waiting on final payment for one batch. Once they have all payments in hand, Second Nature can invoice them for your portion of the revenue. As with the entire process for this round of verification, the sale of credits has for some reason taken longer than expected. We are wanting to issue one invoice for all the batches rather than do multiple invoices - this will allow us to pay UIUC in one lump sum. 

I can tell you the total number of credits sold was 115,836. And pending the final batch sales per/ton you should clear a per ton amount between $6.00-$6.50.

I would expect issuance of UIUCs credit sale revenue check next month.

Best,

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Thank you so much for the update, Steve!!

On Oct 6, 2021 Jenny Kokini, Amy Rosenbery, Tony Spurlock, Morgan White, and Meredith Moore met to discuss an RFP for carbon credit replacement. Attached is a draft solicitation request.

Below is an email from the Ecosystem Marketplace: A Forest Trends Initiative. 

Dear Friends, 

Today, we are so pleased to announce our new role as part of the Taskforce on Scaling Voluntary Carbon Markets’ new governance body. Michael Jenkins will serve as a member of the Senior Advisory Council, and our Ecosystem Marketplace initiative will be a Founding Sponsor. We join a diverse expert group; our shared mission is to ensure that markets keep growing with the highest level of quality and integrity possible.

Voluntary carbon markets’ recent rapid growth means this mission is all the more critical. This announcement comes a week after we published the latest State of the Voluntary Carbon Markets report, showing that markets are accelerating towards $1 billion in transactions in 2021. We celebrated this major milestone with 1,500 attendees from 76 countries in a seminal EM Insights Event together with our partners, supporters, friends, and network. Such significant growth positions the VCM as a serious player in green finance and an important tool for achieving the Paris Agreement's 1.5 C climate ambition.
 
As a leading and independent provider of transparency on market price and activity, we take seriously our responsibility to serve all market participants. This includes the companies investing in offsets to meet their climate commitments. It also includes stakeholders and communities in carbon credit-producing countries, who may be far from global financial centers but are central to achieving the Paris Agreement.
 
The Taskforce was initiated by Mark Carney in September 2020 as a private sector-led initiative working to scale effective and efficient voluntary carbon markets. Now, Taskforce Principals Bill Winters and Tim Adams will hand over leadership to the Governance Body Board, and work alongside us on the Senior Advisory Council. Taskforce Principal Annette Nazareth will join the Board.
 
The new Governance Body officially launches at COP-26 in Glasgow this November. Day One priorities for the Governance Body are to finalize a set of Core Carbon Principles and provide oversight of standard-setting bodies on adherence to those principles. We’ll also set threshold standards for the voluntary markets, provide a coordination function between individual bodies in the markets, and help drive a long-term strategic roadmap for scaling voluntary carbon markets.
 
Voluntary carbon markets are in a transitional moment. We look forward to working through the new Governance Body to guide the markets to deliver the highest quality and the greatest impact for both planet and people. We also look forward to sharing more with you as we move forward in this important new phase.

Michael Jenkins, CEO and Founding President
Stephen Donofrio, Director, Ecosystem Marketplace and Supply Change Initiatives
 
About Forest Trends' Ecosystem Marketplace
Ecosystem Marketplace (EM) is an initiative of the Forest Trends Association (FT), a 501(c)(3) organization founded in 1998. Forest Trends works to conserve forests and other ecosystems through the creation and wide adoption of a broad range of environmental finance, markets, and other payment and incentive mechanisms. Forest Trends does so by 1) providing transparent information on ecosystem values, finance, and markets through knowledge acquisition, analysis, and dissemination; 2) convening diverse coalitions, partners, and communities of practice to promote environmental values and advance the development of new markets and payment mechanisms; and 3) demonstrating successful tools, standards, and models of innovative finance for conservation.

EM believes that transparency is a hallmark of robust markets. Launched in 2005, the EM Global Carbon Hub is the world’s first and only independent international voluntary and compliance carbon offsets tracking, reporting, and knowledge-sharing mechanism. Globally recognized, EM drives market transparency, price discovery, and market participants’ understanding of supply, demand, and credit quality, including through recognition of core carbon and additional attributes including social, environmental, and biodiversity co-benefits that are “beyond carbon.”

The EM Global Carbon Hub is fueled by a growing global network of hundreds of EM Global Carbon Survey Respondents and is made possible with the diverse mix of support that we receive from Visionary Partners, Strategic Supporters, collaborators, and donors. With an unparalleled database that unifies carbon market data from the over the counter (OTC) and platform/exchange-traded markets, paired with rigorous research, EM is globally recognized as a leading source of decision-useful and trustworthy information on prices, regulation, science, and relevant issues on environmental services markets and climate finance. EM Data, Insights, and News have been used extensively by companies, journalists, investors, practitioners, natural resource agencies, and academics.

Now in its 16th year, EM will be continually making upgrades and adding new features to the EM Global Carbon Hub to drive radical transparency in the voluntary carbon markets (VCM) to meet growing interests for reliable, timely, and objective data and insights on VCM offsets transactions prices, volumes, and insights. The EM Global Carbon Hub will provide the needed tools and resources to enhance data collection – with this Global Carbon Survey Platform, and new accessibility capabilities – with the EM Data Intelligence & Analytics Dashboard (currently in beta testing), ensuring it will continue to deliver the best, most up-to-date, and robust data and analytics available.

First launched in 2005 by non-profit Forest Trends, Ecosystem Marketplace (EM) has continuously run the world’s first and only independent international carbon offsets market tracking, reporting, and knowledge-sharing mechanism. In April, EM launched its new Global Carbon Survey online platform, aimed at taking carbon market transparency to the next level.

Here is more infomation about the Study Abroad Carbon Offset!