The Integrity Council for the Voluntary Carbon Market (ICVCM) has decided not to allow carbon credits from existing renewable energy methodologies to be labeled with its Core Carbon Principles (CCP) designation. This decision affects nearly a third of the voluntary carbon market. The ICVCM based its decision on the concept of “additionality,” meaning that these projects might have proceeded without the financial incentives from carbon credits. The council emphasized the need for high-integrity carbon credits that genuinely contribute to emissions reductions.

Source: ESG Today