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
UK pledges £239m to forest-rich nations to fight climate change at Cop29
It comes as part of the UK’s commitment to deliver £11.6 billion in carbon finance by 2026.
Can a COP29 deal clean up scandal-ridden carbon offsets?
COP29 carbon credit deal could fund emissions cuts, but past scandals mean trust must be regained first.
Trudeau touts embattled carbon levy to global audience, says it faces misinformation
Prime Minister Justin Trudeau is defending his embattled carbon-pricing program on the world stage, and he argues that misinformation is threatening environmental progress.
COP29: Canada needs to start a real conversation about international carbon markets
Canada should seize the opportunity to join international carbon markets to lower climate mitigation costs and boost global cooperation.
South Africa’s revised carbon tax to be harsher but with more offsets, Treasury says
South Africa is one of the world's top 15 greenhouse gas emitters and the only country in Africa with a carbon tax.
Global carbon offset standard setter okays three deforestation project types
Preserving forests is crucial to meeting international goals to limit global temperature increases.
Energy projects in developing countries to receive £79m in UK climate finance
The money comes under the UK’s existing pledge to spend £11.6 billion in climate finance over five years up to 2026.
Bolivia to sell $5 billion in carbon credits to stem rampant forest loss
Bolivia aims to sell $5 billion worth of carbon offset credits, the government announced on Thursday, in a bid to stop rampant forest...
Verra’s REDD Methodology and Jurisdictional and Nested REDD+ Framework Secure ICVCM Approval
Approvals set a new benchmark for integrity in forest conservation, enabling the integration of project- and jurisdictional-level efforts, and empowering buyers to invest...
Brazil’s Tocantins state to offer $430 million in carbon credits
The value and number of carbon credits is contingent on the state successfully reducing deforestation.
