The Integrity Council for the Voluntary Carbon Market (ICVCM) and the Voluntary Carbon Markets Integrity Initiative (VCMI) have formed a partnership to enhance the integrity of the voluntary carbon market. Their collaboration aims to instill greater confidence in carbon credits and promote meaningful climate action. By defining best practices and credibility standards, the organizations seek to establish a framework that ensures accountability, transparency, and credibility in the market. They plan to release new standards and guidance in the coming years to encourage businesses to include carbon market investments in their climate strategies.

Source: Carbonherald