No high integrity label for carbon credits based on current renewable energy methodologies: ICVCM

Quick Summary:

The decision, made on the basis of additionality, affects nearly a third of all credits currently traded on the voluntary carbon market.

Certifiers cautioned against a blanket methodology-level approach.

In a response to the council’s decision, Verra explained that while it did not develop the methodologies and tools, it accepted the methodologies “created decades ago” under the CDM, which it has long recognised as an eligible programme.“[These are] methodologies that in their time did indeed kickstart the global energy transition we are seeing today,” a spokesperson Verra for told Eco-Business.

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Article Details

Author / Journalist: Samantha Ho

Category: EconomyBusiness

Markets: SingaporeBangladeshPhilippines

Topics: Geothermal Carbon credits CDM Carbon trading Renewable energy Clean energy Energy Biomass Electricity

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 08:25:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 872 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 21956466

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