Country for PR: United Kingdom
Contributor: PR Newswire Europe
Thursday, November 17 2022 - 12:00
Rise in forest fires is a permanence risk for global carbon markets
NEW DELHI , Nov. 16, 2022 /PRNewswire-AsiaNet/ --

Climate Connect Digital (CCD) [] has released a 
white paper quantifying the permanence risk posed by increasingly intense 
forest fires across the Indian subcontinent. This will potentially have a 
significant impact on nature-based carbon projects, and the voluntary carbon 

To read more download the full white paper here 

Sharm-El Sheikh, Egypt (November 16, 2022)
This year's United Nations Conference of Parties (COP 27) in Sharm El Sheikh, 
Egypt is in full swing, with countries gathered to decide on global action to 
combat climate change, with a sharp focus on fulfilling Article 6.

The CCD delegation visiting COP has released a white paper, detailing how 
carbon stocks in forests are being impacted by rising temperatures, and 
intensifying forest fires across the Indian subcontinental region. This gives 
concern for the future health of both natural ecosystems, and carbon markets. 
Current climate trends, and future projections are alarming, as the average 
temperature trend for the last 40 years has seen a rise of 0.5°C, leading to 
markedly increased weather volatility.

Projections out to 2100 for central India predict a significant increase in 
rainfall of 100 mm and rise in average temperature of 1.2°C. As such, the 
frequency, duration, and intensity of forest fires are also expected to be 

These pose major risks for nature-based solutions (NBS) projects, and carbon 
project developers. In turn there will be a direct bearing on global carbon 
registries, which will have to manage the buffers required for mitigating the 
associated permanence risk.

Currently, around 20% of a project's carbon credits are set aside in a buffer 
by registries at the time of issuance, to mitigate the permanence risk. 
However, this level may be inadequate in the future, and have a knock-on effect 
on global markets.

The paper – titled Climate Change:  Impact on Rainfall, Temperature and Forest 
Fires, an Indian Perspective – examines the past trends for central India from 
1951 to 2020, and out to 2100. The study highlights the need for similar types 
of climate analysis to be conducted in other parts of the world.

Based on its findings, Climate Connect Digital 
[] has started developing 
tools which enable near real-time monitoring of forest fires in areas of 
interest and generate actionable alerts.

About Climate Connect Digital:

Climate Connect Digital (CCD) [] is a 
climate-tech company which has provided innovative technology and advisory 
solutions to the climate and clean energy domains for over 12 years.

A pioneer in applying AI to energy and climate tech, its solutions are deployed 
in various grids, and manage 12 GW of solar and wind power generation across 
more than 100 power plants.

With software solutions and expert consultants, CCD enables companies to build 
and implement strategies to achieve long-term emission reduction targets. Its 
software tools and expert advisory services also help carbon project developers 
to seamlessly achieve the maximum from their carbon assets.

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SOURCE: Climate Connect Digital (CCD)