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
Amazon sidesteps carbon offset standard Bezos helped to fund
The online retailer is backing the development of a new standard.
World’s biggest companies snap up ‘likely junk’ carbon offsets: analysis
A new analysis by Corporate Accountability found that household names including Disney, Volkswagen, Air France and many more were among brands that heavily...
US to unveil ‘guardrails’ needed for carbon markets to succeed
President Biden's administration is set to unveil "guardrails" that will ensure carbon offset markets effectively reduce emissions.
US unveils policy to boost carbon offset market integrity
Carbon offset integrity will be bolstered by new rules, hopes United States, in move to "unlock the power of private markets".
Microsoft backs tree-planting carbon removal scheme in Panama
Microsoft carbon offset project will see 10,000 hectares reforested in Central America in bid to remove 3.2m tonnes of carbon from the atmosphere.
US regulator homes in on malpractice in voluntary carbon markets
CFTC's carbon markets fraud probe looks at false claims about environmental benefits and green credentials.
Corporate climate watchdog document deems carbon offsets largely ineffective
UN-backed non-profit's findings in draft document show that carbon credit schemes fail to deliver benefits and exaggerate their effectiveness.
Carbon credit standards approval extended to 98% of market
Five of the world's largest carbon credit programmes now have initial approval from standards body interested in 'high quality' schemes.
US to launch carbon offset guidelines to boost integrity
New U.S. guidelines for the use of carbon offsets inside and outside of government meant to build confidence in the market and ensure...
Corporate climate pledge weakened by carbon offsets move
The world's main benchmark for vetting corporate climate action, the Science-Based Targets Initiative, has been accused by its own staff of "greenwashing"
