AIT SUSTAINABILITY
REPORT
2023
OPEN SEMINAR AT THE UNIVERSITY OF TOKYO
Description: The Open Seminar at the University of Tokyo on March 3, 2023, presented by Prof. Nophea Sasaki from the Asian Institute of Technology, explored “Baseline Emissions and Emission Reductions in Forestry Projects under a Global Standard.” This event highlighted the significant growth of the global carbon market, valued at $899 billion in 2021, and the expected rise in the voluntary carbon market to $17 billion by 2027. The seminar covered the necessity for substantial emission reductions, as emphasized by the IPCC’s 6th Assessment Report, which calls for a 43% reduction in greenhouse gases by 2030 from the 2019 baseline. Sasaki discussed various global carbon standards, such as the Verified Carbon Standard and Gold Standard, and detailed the carbon project cycle, including project design, validation, and verification processes. A case study of the Keo Seima REDD+ Project in Cambodia was presented, showcasing the project’s approach to calculating baseline emissions, emission reductions, and forest carbon monitoring. The seminar, attended by students, professionals from the
private sector, professors, and NGO representatives, underscored the importance of adopting recognized carbon standards and methodologies for global carbon credit sales, emphasizing action effectiveness for emission reduction success.
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