Lesson 1, Topic 1
In Progress

Solution #1: The role of the Integrity Council for the VCM (IC-VCM)

As discussed earlier, there are several standards operating in the Voluntary Carbon Market. Their efforts represent years of work in bringing science and policy together in different areas where the VCM can have a positive impact. Nevertheless, these standards sometimes compete and can be difficult to compare.

To provide a common ground for

The Integrity Council for the Voluntary Carbon Market published its Core Carbon Principles. These are grouped into three (3) main categories:

  • Governance
    • Effective governance
    • Tracking
    • Transparency
    • Robust independent third-party validation and verification
  • Emissions Impact
    • Additionality
    • Permanence
    • Robust quantification of emission reductions and removals
    • No double counting
  • Sustainable Development
    • Sustainable development benefits and safeguards
    • Contribution toward net zero transition