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NEW DELHI , Nov. 16, 2022 /PRNewswire=KYODO JBN/ --

Climate Connect Digital (CCD) [https://climateconnect.digital/] 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

markets.

To read more download the full white paper here

[https://drive.google.com/file/d/1IJkcNgP-rDoJAvDuLyYh3kd6yChzAGTT/view]

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

exacerbated.

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

[https://www.linkedin.com/company/climate-connect-ltd/] 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) [https://climateconnect.digital/] 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.

Photo - https://mma.prnewswire.com/media/1949056/Forest_Fire.jpg

To connect please write to us at contact@climateconnect.digital

SOURCE: Climate Connect Digital (CCD)