Core Carbon Principles provide guidance around global thresholds for a high-integrity voluntary carb
- Media Manager
- Jul 27, 2023
- 1 min read
Environmental Defense Fund
Press Release
Published: July 28th, 2023
The Integrity Council for the Voluntary Carbon Market (the Integrity Council), an independent governance body for the voluntary carbon market, released its final set of threshold guidance intended to serve as a global benchmark for carbon credit quality.
The Integrity Council’s Core Carbon Principles (CCPs) and Assessment Framework (AF) aim to establish a consistent and standardized guide to assess the quality of high-quality carbon credits. The Integrity Council’s guidance is the first of its kind for the voluntary carbon market, which has experienced increased demand from companies and investors striving to meet voluntary climate commitments. Following an initial release in March 2023, today’s release includes some clarity on the elements needed to qualify for CCP compliance, and firm commitments to continue improving the CCPs and Assessment Framework.
The Core Carbon Principles can drive much-needed improvement in the market, and more work remains to realize this potential,” said Mandy Rambharos, Vice President for Global Climate Cooperation. “We are heartened to see that the next phase will bring additional stakeholders into this process with consultation and engagement.
