Core carbon principles could boost voluntary market

Integrity Council for the Voluntary Carbon Market to launch finalised Core Carbon Principles for credit programmes and projects, the body’s chair tells Carbon Economist

Independent governance body the Integrity Council for the Voluntary Carbon Market (ICVCM) expects to publish a finalised set of Core Carbon Principles (CCPs) in March, in a move designed to boost market confidence and liquidity. ICVCM expects to be able to announce the first CCP-approved programmes and credit types in the third quarter of this year, the council’s chair, Annette Nazareth, tells Carbon Economist. To receive the CCP label, both the carbon-crediting programme that issued them—for example Vera or Gold Standard—and the credit type — for example cookstove or reforestation projects—will need to be assessed as meeting the CCP criteria for “high climate, environmental and social integ