Verra Applauds Launch of Voluntary Carbon Markets Integrity Initiative
Anne Thiel — Senior Manager, Communications
Verra, the world’s largest issuer of carbon credits in voluntary carbon markets, welcomes today’s launch of the Voluntary Carbon Markets Integrity Initiative (VCMI).
Verra applauds VCMI’s goal of ensuring voluntary carbon markets support the goals of the Paris Agreement, and in particular VCMI’s efforts to develop guidance around claims companies can make when purchasing and retiring carbon credits that credibly reduce global emissions and benefit people.
“By making sure that voluntary corporate claims are transparent and robust, the Voluntary Carbon Markets Integrity Initiative will enable voluntary carbon markets to contribute to the Paris Agreement,” said David Antonioli, CEO of Verra. “As these markets scale, it will be critical that the claims companies make are credible by ensuring that companies first undertake comprehensive efforts to reduce their internal emissions before purchasing carbon credits to compensate for residual emissions.”
Verra is a global leader helping to tackle the world’s most intractable environmental and social challenges by developing and managing standards that help the private sector, countries, and civil society achieve ambitious sustainable development and climate action goals.
Verra’s global standards and frameworks serve as linchpins for channeling finance towards high-impact activities that tackle some of the most pressing environmental issues of our day.