Posted 4/5/2024, 10:06:00 AM
ICVCM Advances Carbon Credit Integrity Assessment, Prices Under Pressure in Near Term
- ICVCM taking step-by-step approach in assessing carbon project methodologies to meet integrity standards, will make monthly announcements leading up to September
- First major announcement - American Carbon Registry, Climate Action Reserve and Gold Standard meet ICVCM's Core Carbon Principles
- Need to build a credible, legitimate process even if it takes more time, rather than rush decisions
- Applications for assessments came later than expected, but were better quality after registries improved governance
- Carbon credit prices remain under pressure, expected to stay largely unchanged in Q2 2024 but CCP-labelled credits may see price support