The Charm Underground - July 2024

The Charm Underground  is a monthly series sharing our progress & learnings as we scale carbon removal to gigatonne scale. If you’d like to get The Charm Underground  in your inbox, subscribe below. 

Voluntary carbon markets have long suffered from poor measurement, reporting, and verification (MRV). In 2022 we announced a rigorous proto-protocol. In 2023 we went even further with Isometric and announced next-level rigor and a better business model. And today we’re excited to unveil the next major milestone in high quality MRV.

Charm Delivers First-Ever Isometric Verified Carbon Removals to Stripe, Shopify & JP Morgan Chase

Today, we’re thrilled to announce the delivery of the first-ever Isometric verified carbon dioxide removal credits from Charm (equivalent to 105.06 tonnes) to our customers, Stripe, Shopify and JP Morgan Chase. This is a pivotal moment for Charm and the entire CDR sector, reflecting our joint commitment to exceptional quality and scientific rigor. 

Learn more about our partnership with Isometric featured here in the Wall Street Journal as well as our blog here and why this delivery signifies a major inflection point in voluntary carbon markets.

A Warm Welcome from The Fort Lupton Chamber of Commerce

The Fort Lupton Chamber of Commerce formally welcomed Charm to the community with a ribbon cutting on July 23rd at Charm’s Miniforge Facility. The event included a presentation and tour for 20+ local business owners, nonprofit leaders and town officials. The event was also featured in the Fort Lupton Press!

Read more about our feature here and learn more about what we’re up to from Peter here.

Image Caption: Photo: Belen Ward, Fort Lupton PressThe SBTi Report on Carbon Offsets Omits the Hardest Truth

If you’ve been following the SBTi’s latest report on carbon offsets, you’ll know that the report has again stirred up mixed feelings in the world of corporate climate action. Companies already face significant challenges in estimating emissions, setting targets, and demonstrating progress towards Scope 3 emissions, but nonprofits, climate scientists, and even SBTi’s own internal staff are split on whether carbon credits can help offset a company’s Scope 3 emissions.

Learn more about our views on the latest SBTi Policy Developments here and why corporations need to prioritize buying high-quality carbon removals now more than ever.

Fireside Chat with Akshat Rathi, Author of Climate Capitalism and Celebrated Bloomberg Reporter 

“Getting technology to work at scale requires systemic levels of society to work in tandem, which is not talked about enough or even really understood.” - Akshat Rathi

We were thrilled to have Akshat Rathi, an award-winning senior reporter for Bloomberg News and the host of Zero, a climate podcast for Bloomberg Green, join us this past month for a fireside chat on Climate Capitalism. As part of the event, attendees also received a virtual tour of Charm’s Fort Lupton miniforge and in-person tour of Charm’s SF HQ / minifactory! 

For those who weren’t able to attend, you can watch the full recorded video here.

What Charmers Read This Month

• Biden-⁠Harris Administration announced new actions to detect and reduce climate super pollutants.

• Minneapolis’s first municipally owned and operated carbon removal program.

• Nature article showing that forests can be a significant methane sink (25-50 MT/yr).

• RMI and Microsoft co-authored report analyzing book and claim’s potential to support the lower-carbon steel and concrete markets.

• Bloomberg’s report that Google no longer claims to be carbon neutral.

• Bridgewater’s corporate decarbonization program analysis results.

• NPR asked top experts what to know about carbon offset markets.

• Washington Post’s six-month investigation into ‘carbon cowboys’ cashing in on protected Amazon forest

And that’s a wrap for July! Make sure to subscribe to get The Charm Underground in your inbox every month.