Lesson 1, Topic 1
- Environmental Integrity is a key element for the development and growth of the Voluntary Carbon Markets as it ensures the credibility of climate action.
- Currently, the Voluntary Carbon Market (VCM) includes several standard setting bodies with overlapping and sometimes competing approaches. This fragmentation has limited the growth of the market.
- The Integrity Council for the Voluntary Carbon Market is developing core carbon principles and an assessment framework and procedures to unite the different market players under common ground.
- The Voluntary Carbon Markets Integrity Initiative is working in the development of a Claims Code of Practice to bring clarity and transparency in the communication of climate action.