The world's foremost independent carbon crediting standards, namely the American Carbon Registry, Architecture for REDD+ Transactions, Climate Action Reserve, Global Carbon Council, Gold Standard, and Verra/VCS, have joined forces to elevate the impact of activities governed by their stringent measures. Focused on bolstering transparency and consistency in the market, this collaboration capitalises on its established history of integrity.
Close up on two interconnected tree leaves.
The outlined pledge encompasses vital initiatives designed to magnify the influence of carbon markets. This collaborative effort includes sharing best practices to garner increased support for abatement projects, backing independent programme assurance through the Integrity Council for the Voluntary Carbon Market, striving for standard alignment based on common principles for quantification and accounting of removals and reductions, and enhancing carbon sinks' durability (including protection against reversals). It will also establish indicators highlighting community benefits, emphasise sustainable development, and safeguard against negative impacts, increasing transparency concerning the use of carbon credits and enhancing the flow of finance to emerging countries, aiding them in surpassing their Nationally Determined Contributions (NDCs).
Read more: World Bank unveils vision for thriving global carbon markets
Over the past two years, carbon markets have infused more than $36 billion into developing countries. This groundbreaking coalition is poised to further expand the funding pipeline for impactful projects worldwide.
All six signatory standards hold accreditation under the International Civil Aviation Organization's CORSIA market, with a shared pursuit of assessment under the Integrity Council for the voluntary carbon market’s Core Carbon Principles (CCPs).
Read more: The interconnected world of carbon: exploring key carbon market concepts
The coalition stated, ‘Carbon markets have been a critical driver of private sector investment in tangible climate action in developing countries for over 20 years. Under this collaboration, we have a shared commitment to steps that will accelerate countries’ mitigation efforts and assist them in achieving their NDCs and the Paris goals.’
The pursuit of net-zero emissions and the cultivation of a sustainable future accentuate the growing importance of nature-based solutions and high-integrity carbon credits, standing as invaluable tools in the realm of nature conservation. These solutions provide a strategic blueprint for the revitalisation of forests and the overall health of our planet.
DGB Group’s carbon credits generated by our nature-based projects are robustly verified by leading carbon standards such as the Gold Standard and Verra’s Verified Carbon Standard. Our carbon credits demonstrate a commitment to sustainability but also underscores the critical importance of fostering fair and equitable carbon markets. Our approach goes beyond transparency and market accessibility; it encompasses the imperative need for nature restoration through carbon credits. Through concerted efforts, we can catalyse significant progress towards establishing an environmentally positive footprint. You can contact our specialised team to craft bespoke solutions aligned with your business objectives, playing a crucial part in shaping a greener and more sustainable future.
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