Renewable energy carbon credits excluded from market integrity scheme
The second most popular type of carbon offsets have rapidly declined in both volume and value.
Carbon credits generated from renewable energy projects do not meet eligibility criteria to obtain the Integrity Council for the Voluntary Carbon Market’s (ICVCM) high-quality label.
The ICVCM announced today that carbon credits issued under existing renewable energy methodologies – which make up about a third of the voluntary carbon market – will not be able to use its high-integrity Core Carbon Principles (CCP).
