Expert expects positive market signal as Verra’s Verified Carbon Standard gets ICVCM approval

Asia Pacific ｜ Carbon Market ｜ Service and Others May 08, 2024

Verra gets ICVCM approval for its VCS  program. (Photo: RECCESSARY)

Verra, a nonprofit organization that sets standards for environmental and social markets, announced on May 2 that its Verified Carbon Standard (VCS) Program has received approval from the Integrity Council for the Voluntary Carbon Market (ICVCM).

The recognition, which confirms Verra's program against the rigorous criteria of the Core Carbon Principles (CCPs), represents a significant milestone in the pursuit of high-quality carbon credits.

To continue reading, subscribe to RECCESSARY

• Unlimited access to all articles across the site
• In-depth analysis of Asia-Pacific renewable energy and carbon markets
• Latest green electricity and carbon price data
• Members-only sustainability policy newsletter

Join 500,000+ green professionals worldwide

Subscribe now for an average of $8 per month

More Related News

Bursa Malaysia, Verra team up to work on voluntary carbon market

Verra halts tokenization of carbon credits to avoid double counting

ICVCM set global standards to bring transparency to the voluntary carbon market

Malaysia carbon exchange to auction first local nature-based carbon credits in July

U.S. regulator to issue carbon credit guidance to combat greenwashing and market turmoil

‘Phantom’ rice projects expose voluntary carbon market failings