The Government of Singapore, represented by the National Climate Change Secretariat (NCCS), and the Integrity Council for the Voluntary Carbon Market (ICVCM) signed a Cooperation Agreement today to strengthen collaboration on the development of credible, interoperable and high-integrity carbon markets that mobilise finance for climate action. Under this agreement, announced during London Climate Action week, NCCS and the ICVCM will work together to advance the work of the Coalition to Grow Carbon Markets1 and promote the development of high-integrity carbon markets in Asia. The work will include joint initiatives to support capacity-building activities, knowledge-sharing, and collaboration on carbon market developments relevant to governments, businesses and market participants. The partnership between…
Read MoreTag: Integrity Council for the Voluntary Carbon Market (ICVCM)
Integrity Council announces new batch of assessment decisions
The Integrity Council for the Voluntary Carbon Market has announced its latest batch of assessment decisions, as follows: Program decisions: Global Carbon Council (GCC) – CCP-Eligible (applies to GCC 2.0 and projects following the Standard on ICVCM Eligibility of Projects and Issuances v1.1 or later) Methodology decisions: VCS VMR0017 v1.0 – CCP-Approved (Conditional) ART TREES v2.0: HFLD Crediting Level – Remedial Actions ART TREES v2.0: Removals Crediting Level – Remedial Actions Isometric Mangrove Restoration Protocol v1.0 – CCP-Approved VCS ACM0008 (Versions 6-8) – CCP-Approved (Conditional) Annette Nazareth, Chair of the…
Read MoreIntegrity Council confirms carbon crediting program Rainbow as CCP-Eligible
Rainbow (formerly Riverse) has become the ninth program to be approved as CCP-Eligible, the Integrity Council for the Voluntary Carbon Market (ICVCM) announced recently. The approval applies to Rainbow Standard Rules v7 or later. This version incorporates strengthened provisions that were introduced in order to meet the CCP requirements. For example: Enhanced governance and independence: Clearer roles for governing bodies and advisory committees. Reinforced conflict-of-interest and oversight provisions, including for Validation and Verification Bodies (VVBs). More robust validation and verification: Tighter VVB accreditation, rotation, performance review, and sanctioning rules. Clearer…
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