New forest-based carbon credits approved

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LONDON – New methodologies for issuing forest-based carbon credits, which were withdrawn following concerns about potential loopholes, have been approved by the Integrity Council for the Voluntary Carbon Market (ICVCM).

ICVCM, which aims to ensure the voluntary carbon market contributes to the goals of the Paris Agreement, has approved three ‘REDD+’ (Reducing Emissions from Deforestation and Forest Degradation) credit methodologies which it claims are “more robust”.

LONDON – New methodologies for issuing forest-based carbon credits, which were withdrawn following concerns about potential loopholes, have been approved by the Integrity Council for the Voluntary Carbon Market (ICVCM).

ICVCM, which aims to ensure the voluntary carbon market contributes to the goals of the Paris Agreement, has approved three ‘REDD+’ (Reducing Emissions from Deforestation and Forest Degradation) credit methodologies which it claims are “more robust”.

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