Sustainability and carbon market news

The voluntary carbon market (VCM) is currently undergoing a structural shift toward high-integrity assets, and a recent development in Nigeria marks a pivotal moment in this transition. For the first time, the US-based standard Verra has issued...

Verra has marked a significant milestone in the voluntary carbon market with the issuance of its first carbon credits labelled under the Core Carbon Principles (CCP) using the Improved Forest Management (IFM) methodology VM0045. The issuance follows...

Verra, the world’s largest environmental standards body, has teamed up with S&P Global Commodity Insights to build a new generation carbon registry. The initiative is designed to strengthen transparency, scalability, and trust in carbon...

Brazil has reached a new milestone in the carbon markets with the country’s first issuance of soil carbon credits under Verra’s VM0042 methodology, a development that signals growing momentum for agriculture-based removals in emerging markets....

Verra has introduced its CORSIA Label Guidance, aimed at simplifying the process for aviation carbon credit compliance. This move follows a significant milestone in December 2024 when the United Nations International Civil Aviation Organization...

In a landmark collaboration unveiled during COP29 in Baku, Azerbaijan, Verra and the state of Amazonas, Brazil, have signed a Memorandum of Understanding (MOU) to revolutionise regional carbon markets. The agreement, finalised on 13 November, aims...

Verra, a prominent US-based carbon registry, has released an updated version of its avoided unplanned deforestation module, known as VMD0055. This revision follows a recent public consultation and aims to refine the framework for accounting...

Verra, a leading carbon standards body, has registered its first biochar carbon removal project in India’s Odisha state. The project, named Project Reignite: Turning Farm Waste into Climate Action, is a pioneering initiative that could remove...

US-based carbon registry Verra has introduced an updated version of its soil carbon methodology, VM0042, aimed at helping project developers more accurately categorise greenhouse gas reductions and removals. The new version, 2.1, provides clearer...

Verra, a leading nonprofit in the voluntary carbon market, has unveiled its latest initiative, the ABACUS label. This new certification sets a higher standard for carbon credits derived from ecosystem restoration and reforestation projects. Close-up...

The Integrity Council for the Voluntary Carbon Market (ICVCM) has greenlit seven carbon crediting methodologies, amounting to 27 million carbon credits. This decision marks a significant step in ensuring the quality and integrity of carbon credits....

Verra has announced a public consultation to gather feedback on proposed updates to its Verified Carbon Standard (VCS) Methodology VM0047 for Afforestation, Reforestation, and Revegetation (ARR), version 1.0, and the associated module VMD0054....

Verra, a notable US-based nonprofit and voluntary carbon market (VCM) registry, has recently introduced version 4.7 of its Verified Carbon Standard (VCS) programme, enhancing the existing framework to improve the credibility and effectiveness of...

In a recent update, US carbon standard Verra outlined potential strategies to enhance its role in the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) aviation decarbonisation scheme. During a presentation, Verra discussed...

Verra is pioneering a significant advancement in deforestation risk mapping across several jurisdictions, aiming to refine the allocation of deforestation data for conservation projects. This initiative marks a crucial phase preceding the...

The Integrity Council for the Voluntary Carbon Market (ICVCM), an entity established in 2021 by a consortium of international financiers, has recently approved three prominent certifiers in the voluntary carbon market: the Gold Standard, ACR...

In a significant advancement within the environmental and agricultural sectors, Verra is taking a pivotal step forward by developing a new module designed to enhance the quantification of soil organic carbon (SOC) using cutting-edge digital soil...

Chile officially recognised Verra-certified projects as eligible participants. This inclusion, formalised in Exempt Resolution 1420, marks a pivotal step in the country's environmental policy. The resolution, published in late December 2023,...

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...

The biodiversity market, a rapidly expanding sector, should have more flexibility in measuring and reporting its impact, according to a senior member of Verra, a standard-setting organisation, as reported by Carbon Pulse. Comparing it to the...

Verra, a leading certification body, and Panama's Ministry of Environment (MiAMBIENTE) have signed a Memorandum of Understanding (MOU) to develop a national carbon market in Panama. The MOU aims to simplify the certification process for local...

US-based carbon registry Verra released a draft of its consolidated methodology for avoiding unplanned deforestation, an integral part of REDD (Reducing Emissions from Deforestation and Forest Degradation) projects. This move comes weeks after some...