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Carbon
- United States -

Global Push for Carbon Market Integrity Amidst Evolving Standards

Worldwide – The global carbon market is witnessing a strong push for enhanced integrity and quality of carbon credits. The Integrity Council for the Voluntary Carbon Market (ICVCM) launched its Core Carbon Principles (CCPs) in 2024 to establish stricter standards for high-quality carbon offsets, with plans to evaluate 90% of the market by January 2025. This comes as the Voluntary Carbon Markets Integrity Initiative (VCMI) issued new guidance on Scope 3 emissions, drawing criticism from some NGOs who fear it might justify offsetting rather than direct emissions reductions. Additionally, a new Carbon Data Standards Initiative, including entities like the Global Carbon Market Utility (GCMU) and Verra, is working to harmonize definitions and rules for greater transparency in carbon data.

UN Advances Rules for International Carbon Trading Under Paris Agreement

Drive for Integrity in Voluntary Carbon Markets Intensifies

US SEC Mandates Climate-Related Disclosures

China Expands National Carbon Market to New Sectors

EU Finalises Rules for Carbon Border Levy

Asia Steps Up Carbon Market Regulations and Carbon Pricing

Global Push for Carbon Market Integrity Amidst Evolving Standards

EU and UK Eye ETS Linkage, EU Expands Carbon Pricing Scope

Article 6 on the Horizon: New Infrastructure for International Carbon Trading