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Tag: voluntary carbon market

2022: A year in review

2022: A year in review

2022 came with its own set of challenges. Geopolitics caused all markets to suffer, and the voluntary carbon market (VCM) was no exception. The combination of external influences (the war in Ukraine, global energy crises), market criticism and uncertainties (carbon credit project failure, greenwashing, credibility of climate claims) led the

sbti

Net Zero: SBTi urges the use of carbon credits

The last few months have seen a number of developments in the voluntary carbon market (VCM). In standards setting, the Integrity Council for the Voluntary Carbon Market (IC-VCM) released their draft Core Carbon Principles which received highly varied feedback from voluntary standards. In aviation, EasyJet has put a halt to

carbon leakage

Carbon leakage

Unlike permanence, which we covered previously, carbon leakage is not a tenet of the Integrity Council for the Voluntary Carbon Market’s (IC-VCM) Core Carbon Principles. It is, nonetheless, a subsection of the Principles’ Robust quantification. Therefore, understanding what leakage implies is important.   What is leakage?  Essentially, leakage occurs when a

Accounting ledger

Additionality and carbon credits

What is Additionality? Additionality been touched upon in one of our previous posts but deserves its own explanation as one of the tenets of a high-quality offset or credit. It refers to the role played by voluntary carbon markets in ensuring that an offsetting activity can take place. For example,

abacus with round green beads against a dark brown background

Double counting carbon credits

What is Double Counting? Double counting refers to credits of the same vintage from the same project being sold twice. This is despite only one tonne of carbon dioxide, represented by that credit, having been removed from or avoided being released into the atmosphere. This can happen to offsetters working