The Integrity Council for the Voluntary Carbon Market, an independent governance body for the voluntary carbon market (VCM), has launched a 60-day public consultation on its draft Core Carbon Principles (CCPs), assessment framework and assessment procedures. Ensuring carbon credits sold across the VCM as credible and high-quality is important so that capital is being funnelled towards the “most impactful, cost-effective climate mitigation activities worldwide”, the Integrity Council said. The CCPs and assessment framework aims to ensure a credible and accessible means for companies and investors to identify high-quality carbon credits, the Integrity Council noted, adding that the assessment procedure will set out a proposed process for evaluating CCP-eligibility, as well as how eligible carbon credits will be tagged. Annette Nazareth, Chair of the Integrity Council, said: “The VCM exists to accelerate a just transition to 1.5°C. That’s why, in designing an effective market that can deliver genuine climate impact at speed and scale, we need to start with integrity. It is a precondition for a transparent, deep, liquid, standardised and scalable market that efficiently channels capital to where it is most urgently needed. To make this work, we need everyone from across the voluntary carbon market to come to the table, share knowledge and expertise, and collaborate to co-create the CCPs and Assessment Framework.”
🌳 The consultation period to shape the future of the voluntary carbon market is now open to all.
Join us and have your say.
— Integrity Council for the Voluntary Carbon Market (@ic_vcm) July 27, 2022