Spotlight: Voluntary Carbon Markets (VCMs)
“Voluntary carbon markets can be a powerful tool for mobilizing the investment in innovative technologies and actions needed to keep a 1.5 C limit on warming within reach. VCMI [the Voluntary Carbon Markets Initiative] is performing a vital service by establishing high-integrity pathways for companies to support stronger climate action while making progress toward their own net-zero goals. By creating sound guardrails for the use of high-quality carbon credits, the new VCMI guidance will provide strong assurance that this finance will help deliver the greater climate action we so urgently need.”
U.S. Special Presidential Envoy for Climate
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Negotiators at COP29 in Baku reached a landmark deal on carbon credit rules, but concerns remain about flaws in the system.
COP29: Key outcomes agreed at the UN climate talks in Baku
COP29 in Baku concluded with agreements on increasing climate finance, advancing adaptation efforts, and setting stricter emissions targets.
Tesla racks up nearly 34 million metric tons of GHG emissions credits in 2023
Tesla sold 34M tons of GHG credits in 2023 as automakers faced record deficits amid stricter EPA emissions standards.
We have officially advised our university to ditch carbon offsets — and focus on cutting emissions
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If nations deliver clear climate policies next year, COP29 finance and carbon market deals could unlock billions in the business world.
Carbon offsets can help bring energy efficiency to low-income Americans — our Nashville data shows it could be a win for everyone
Carbon offsets can fund efficiency upgrades in low-income homes, cutting emissions while boosting local health, savings and equity.
Breakthrough in Baku delivers $1.3tn “Baku Finance Goal”
24 November 2024 • The Baku Finance Goal sets new global target to channel $1.3tn of climate finance to developing countries by 2035...
COP29 agrees on deal to kick-start global carbon credit trading
Countries agreed on a deal at the COP29 climate conference on Saturday on rules for a global market to buy and sell carbon...
Companies are still committing to net-zero emissions, even if it’s a bumpy road — here’s what the data show
The path to net-zero is challenging, but growing global corporate commitments and regional action show progress is advancing.
Finance deal remains elusive at COP29 as UN climate talks stretch into overtime
COP29 'torturous' talks stretch into overtime as countries struggle to break a climate finance deadlock.
