Eco-Business reported on the response from two major standard-setters for voluntary carbon offsetting projects to a plan to create new certifications for the industry. Non-profits Verra and Gold Standard looked at the report published by the Integrity Council for the Voluntary Carbon Market (ICVCM), a coalition of climate and finance experts set up earlier this year. The council is tasked to discipline the private carbon offsetting market, where heavily polluting firms pay for activities like replanting forests and installing solar panels to strike off carbon emissions from their records.
Leah Glass, Blue Ventures’ technical advisor on Blue Carbon, said that she “can empathise” with Verra’s point that another level of governance over the standard-setters of carbon projects could add additional barriers. Glass said the use of technology, such as satellite imagery data, could help speed things up. “If governance is what is required to improve integrity, how can we speed things up and ensure that other parts of the project development process can be done quicker?” she said.
Read the full article here: ‘Welcome’ or ‘unworkable’? Carbon offset registries submit contrasting views to market integrity scheme.