Markets working to support sustainable development

Manufacturing

Manufacturing including machinery, chemical and textiles

Fashion Loved by Forest

Fashion Loved by Forest is a mechanism that unites 20 clothing brands that are committed to sustainability in their supply chains. As part of this, they agree to eliminate materials sourced from ancient and endangered forest, including all their rayon and viscose clothing.

The aim is to help tackle supply chain transparency and, in doing so, send a powerful signal to the logging and pulp sectors that market demands are shifting towards sustainable alternatives.

Sector: 

Alliance for Water Stewardship (AWS) Standard

The AWS Standard is an international, market-based standard that is designed to guide, incentivise and differentiate responsible water users.

The Standard is designed to achieve four water stewardship outcomes: good water governance, sustainable water balance, good water quality status and healthy status of important water-related areas. In order to achieve these, water stewards - those that implement the Standard - must follow a six-step continual improvement framework. The steps are:

New South Wales Greenhouse Gas Reduction Scheme (CLOSED)

The Greenhouse Gas Reduction scheme (GGAS) was a cap-and-trade mechanism designed to reduce the greenhouse gas emissions of electricity producers, retailers, high emitting industries and facilities. This included power generators, electricity retailers, large energy users (over 100GWh/year) and ‘market customers’ – facilities such as factories that take electricity supply directly from the national grid. 

Region: 

Biodiversity offsets (Conservation Banking)

Biodiversity offsets are a form of conditional environmental financing. Like their more well-known cousin, carbon offsets, various parties (e.g. governments, companies or individuals) look to compensate the damage they cause in one location by benefitting bidoversity somewhere else. 

ISO 14064-9 Standards

The International Standards Organisation has developed a series of standards that specify principles and requirements for organisations involved in greenhouse gas emission reporting. The ISO standards can be seen as guiding protocols providing general guidelines for the development of other programmes or standards.

The ISO standards relevant to GHG emissions are:

The VER+ Standard

The Voluntary Emissions Reduction VER Standard is for carbon offset projects and has been developed by TÜV SÜD (a German based verification company).

 A number of project types are elgigible for certification, however like the Kyoto mechanisms (Clean Development Mechanism and Joint Implementation) it excludes nuclear power projects and large hydropower projects over 80MW. Hydropower projects over 20MW must conform to requirements of the World Commission on Dams.

WTO Agreement on Sanitary and Phytosanitary Measures (SPS)

The World Trade Organisation (WTO) aggreement on Sanitary and Phytosanitary Measures (SPS) seeks to ensure that member-states do not implement food safety policies and health measures that create obstacles for free trade. 

The agreement looks to reconcile two positions:

WTO Agreement on Technical Barriers to Trade (TBT)

The World Trade Organisation (WTO) Agreement on Technical Barriers to Trade (TBT) looks to limit the negative impact that some regulations and standards may have on free trade, while also allowing members the right to implement legitimate policy objectives including the protection of fauna and flora.

The overarching goal of the aggreement is therefore ensure that ‘unnecessary obstacles to trade’ are avoided. Such obstacles may  include:

Global Environment Facility (GEF)

The Global Environmental Facility (GEF) is an independent financial organisation that invests in projects related to biodiversity, climate change, international waters, land degradation, the ozone layer, and persistent organic pollutants. 

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