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ICVCM Names First Approved Carbon-Crediting Programs

April 5, 2024

🌟 Big News for the Voluntary Carbon Market! 🌍

πŸ“’ The Integrity Council for the Voluntary Carbon Market just launched a new chapter for the Voluntary Carbon Market, naming the first carbon-crediting programs meeting its high-integrity standards.

βœ… ACR, Climate Action Reserve (CAR), and Gold Standard have been approved as CCP-Eligible programs, having met the criteria for effective governance, transparency, and robust, independent, and third-party verification.Β They have also met the program-related rules for the CCPs on robust quantification of emission reductions and removals, no double counting and sustainable development benefits and safeguards.

πŸ” What’s next?

🌿 Over 100 methodologies are being assessed, with decisions expected in April and May, including categories like REDD+ and clean cookstoves.

πŸ’‘ What does this mean?

🌿 CCP-labelled credits guarantee real emissions reductions and social benefits, boosting trust and mobilizing private capital for impactful climate solutions, especially in the Global South.

Exciting times lie ahead as we continue to build a higher-integrity and more sustainable future! For more information, click here! #ClimateActionΒ #CarbonMarketΒ #Sustainability

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