Latest news with #BeZeroCarbon
Cision Canada
5 days ago
- Business
- Cision Canada
The Good Rice Alliance Awarded 'Ae', a top quartile ex ante rating, by BeZero Carbon
TGRA has partnered with smallholder farmers in India to reduce greenhouse gas emissions and generate high integrity carbon credits NEW DELHI, Aug. 13, 2025 /CNW/ -- The Good Rice Alliance (TGRA), which focuses on advancing sustainable rice farming in India, has received an 'Ae' (pronounced 'single A', 'e') ex ante rating from BeZero Carbon, a leading independent carbon ratings agency. Through TGRA, Bayer, a global enterprise with core competencies in the life science fields of agriculture and healthcare, in collaboration with GenZero, a Temasek-owned investment platform dedicated to accelerating decarbonization globally, Shell Energy India Private Limited, a subsidiary of Shell Plc and investor in nature-based solutions, are committed to reducing Greenhouse Gas (GHG) emissions through sustainable agricultural practices. The 'Ae' rating reflects the project's high standalone carbon rating ('a') combined with a very high likelihood of successful project execution ('aa'). A standalone Carbon ex ante of 'a' is comparable to the highest rated ex post Soil Carbon & Agriculture credits. Receiving an 'Ae', a top-quartile rating confirms a high likelihood that each TGRA credit will deliver one ton of CO2e avoidance. Speaking on the rating achieved, Suhas Joshi, India Carbon Initiative Lead at Bayer said, "We are incredibly proud of this milestone. The Ae rating is not only a validation of TGRA's scientific and operational rigor, but also a testament to the collective commitment of our alliance. We are committed to establishing a nature-based carbon market quality benchmark, by implementing Total Quality Management principles in the agricultural space. Through TGRA, we leverage high-quality management practices and robust measurement tools to help generate high-integrity carbon credits by helping farmers reduce emissions, conserve water, and unlock new income streams while reinforcing a future-ready farming ecosystem. For carbon credit offtakers worldwide, this represents a rare opportunity to support decarbonization at scale while uplifting smallholder communities." BeZero is an independent carbon ratings agency boasting a 180+ strong team made up of climate scientists, geospatial experts, data scientists, financial analysts and policy specialists. BeZero's ratings are based on a rigorous analysis of various factors, including additionality, carbon accounting, and permanence risks, providing transparency and building trust in carbon markets. Higher BeZero ratings are correlated with higher prices and increased demand for carbon credits. BeZero Carbon's ex ante assessment evaluates TGRA's exceptional credibility across five key categories: additionality, carbon accounting, permanence, project execution, and safeguards. The 'Ae' certification offers assurance of delivery of impact-driven, high-integrity credits that meet the highest transparency and quality standards. Since May 2023, TGRA has partnered with smallholder farmers across thirteen Indian states to implement Alternate Wetting and Drying (AWD) and Direct Seeded Rice (DSR). As of October 2024, TGRA has enrolled more than 12,000 farmers in the program, covering 35,000 hectares of farmland, reducing methane emissions equivalent to nearly 1,20,000 tonnes of carbon emissions per year. Underpinned by best-in-class on ground and digital Measurement, Reporting and Verification (MRV) and secured land and carbon rights, TGRA is well equipped to play a pivotal role in GHG reductions in agriculture. Currently, TGRA covers major rice-producing states in the country, like Andhra Pradesh, Bihar, Haryana, Karnataka, Odisha, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal, Assam, Uttarakhand, Jharkhand, and Maharashtra. On average, it takes over 1 million litres of water to produce one ton of rice. TGRA, through the implementation of climate-smart practices such as Alternate Wetting and Drying (AWD) and Direct Seeded Rice (DSR), can reduce water consumption by up to 30% without impacting yields. This equates to over 12,50,000 million litres of water savings across 35,000 hectares per season in total, the equivalent of 330 billion US gallons. TGRA is also armed with a stringent Quality Management System, farmer training, support and hand holding mechanism and a Monitoring, Report and Verification (MRV) mechanism which are in place to help maintain program integrity. Paddy rice cultivation is responsible for approximately 10% of global methane emissions, a potent greenhouse gas with a global warming potential over 27 times that of carbon dioxide. Rice farms occupy 15% of the global farm area, equivalent to more than 150 million hectares worldwide. With a keen focus on sustainability, the alliance is closely aligned with UN's Sustainable Development Goals and plans to work together with smallholder farmers from the grassroots to drive maximum co-benefits and mitigate climate change.
Yahoo
18-06-2025
- Business
- Yahoo
Rubicon Carbon Unveils the Rubicon Rated Tonne, the First-Ever Carbon Credit Portfolio Rated by BeZero Carbon, Receiving an AAport Rating
The first Rubicon Rated Tonne has received an AAport rating under BeZero's new portfolio-specific methodology. This curated portfolio is designed for companies where procurement offices require third-party assessments of carbon credits. MARINA DEL REY, Calif., June 18, 2025--(BUSINESS WIRE)--Rubicon Carbon, a carbon credit management firm, today launched the Rubicon Rated Tonne (RRT), a new set of curated carbon credit portfolios for customers seeking credits with third-party verification. The first of these portfolios has received an AAport rating by BeZero Carbon, a leading independent carbon ratings agency, through its new Portfolio Rating framework, indicating that each portfolio credit has a very high likelihood of achieving one tonne of CO2e avoidance or removal. Rubicon Carbon develops portfolios of carbon credits to minimize the risks associated with carbon credit purchases, build buyer confidence, and catalyze investment in climate resilience projects. A complement to Rubicon Carbon's existing offering, the first RRT includes carbon removal, nature-based, and super-pollutant elimination projects. All of these projects have passed the company's stringent due diligence process and, in addition, have received an AAport rating based on the quality of their underlying credits. "We believe that growing the voluntary carbon market will require cooperation among industry leaders to build buyer confidence among companies seeking to make progress towards their sustainability goals," said Tom Montag, CEO of Rubicon Carbon. This partnership underscores Rubicon Carbon's and BeZero's shared commitment to transparency and environmental integrity. With risk-adjustment already built into the Rubicon Carbon Tonne, we're excited to bring third-party validation and rigor to this innovative approach. To qualify for a BeZero portfolio rating, all individual credits must be rated B or higher and have an additionality risk rating of 'b' or above. Additionally, at least 25% of the credits must match the portfolio's overall rating, none may be more than two notches below it, and lower-rated projects require additional credit retirements based on BeZero's discount schedule to ensure carbon integrity. By purchasing carbon credit portfolios that incorporate risk adjustment, buyers gain greater confidence in determining how many credits they need to effectively address their emissions, verified by BeZero's independent portfolio rating. The portfolio rating is time-stamped and updated regularly to ensure it reflects the latest portfolio composition. Tommy Ricketts, BeZero Carbon's CEO and co-founder, said, "We are thrilled to be partnering with Rubicon Carbon's team to bring a first-of-its-kind innovation for carbon markets, combining their portfolio of credits with BeZero's Portfolio Rating methodology." Ricketts added, "The BeZero Carbon Rating is an independent, live, public assessment of the risks individual projects face in achieving a tonne of CO2e. The portfolio uses our ratings and applies strict rules to give buyers greater confidence to make credible, risk-adjusted claims. It is a piece of market innovation that acknowledges the reality that not all carbon credits are created equal, while also recognizing the importance of investing in high-quality carbon projects to drive meaningful climate action." This launch is the latest in Rubicon Carbon's continued efforts to bring institutional-quality carbon solutions to market, helping global organizations invest in credible, scalable, and science-based climate action. For more information on Rubicon Carbon, visit the website or follow on LinkedIn. About Rubicon Carbon: Rubicon Carbon is a carbon credit management firm that empowers the world's largest enterprises to achieve their sustainability goals by addressing carbon emissions and driving global climate finance. Backed by TPG Rise Climate and led by top executives from across finance, technology, and climate science, Rubicon Carbon delivers innovative carbon credit solutions to global businesses while unlocking carbon avoidance and removal projects at scale, all backed by rigorous in-house scientific diligence. For more information, visit About BeZero: BeZero is the carbon ratings agency. Its ratings and risk products equip world-leading organisations with the knowledge, tools and confidence to make better climate decisions. Its aim is to scale investment in environmental markets that deliver a sustainable future. Visit and follow BeZero on LinkedIn and X to learn more. View source version on Contacts For more information, please contact:Rubicon Carbon Media Relationsrubiconcarbon@ +1 (714) 300-8748 Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
