Align the VCM with internal carbon pricing

Companies can boost confidence in the voluntary market by using their internal carbon prices as reference points against which to measure the implied climate contribution of their purchased offsets

The news flow around climate finance over the past year has included an assault on voluntary carbon markets. The criticism has concentrated on credit quality, underpinned by a cynicism about how the various actors make money and the use of offsets by corporates.  The VCM industry hopes it can restore confidence through its efforts to self-police on integrity and the ways companies use offsets. Given the pressing need for reform, it may seem premature to look past this stage. But there remains a shortcoming in a high-integrity VCM that threatens to keep it from fulfilling its promise as a conduit of climate capital: corporate buyers still have the incentive to be 'cheap’. To some degree this