Jonathan Shopley, Managing Director of External Affairs at Climate Impact Partners, shares his thoughts on today's publication of the Integrity Council for the Voluntary Carbon Market's (IC-VCM) Assessment Framework for determining whether carbon credits meet its high-integrity Core Carbon Principles (CCPs). Carbon-crediting programs are now able to apply for assessment, with approved programs able to use the CCP label on specific categories of credits that have been approved as meeting the CCPs.
“Today’s new Assessment Framework could be the key that unlocks the Voluntary Carbon Market’s full potential, provided two things happen:
- Firstly, the IC-VCM must retain the pace required to issue the first CCP-labelled credits by year-end.
- Secondly, projects operating on the ground, having impact today, must be able to see the value in the additional processes required – we need a strong pipeline to create scale.
The Framework is a significant step at a time when we need to see urgent climate action and raised ambitions. Setting meaningful fundamental principles for quality will provide assurance that the voluntary carbon market is the right choice for private sector investment and capital flows that will deliver real impact on our global climate goals.”
Today’s new Assessment Framework could be the key that unlocks the Voluntary Carbon Market’s full potential, provided two things happen. Firstly, the IC-VCM must retain the pace required to issue the first CCP-labelled credits by year-end. Secondly, projects operating on the ground must be able to see the value in the additional processes required.
Latest News
Climate Impact Partners wins Environmental Finance’s Best Offset Retailer Award
Climate Impact Partners has been awarded Best Offset Retailer, for the 11th time, in Environmental Finance’s annual Voluntary Carbon Market Awards.
Read more
Climate Impact Partners’ Annual Report Reveals Climate Commitment Issues Among Fortune Global 500 Companies
Among the world’s largest companies there was no increase in 2030 commitments in the last year and 34% still have no commitments
Read more
Climate Impact Partners Launches Investment Initiative for Major New Carbon Project
Panna afforestation project is expected to deliver more than two million tonnes of verified carbon dioxide removal units.
Read more
