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The private sector must play a crucial role in limiting global warming by investing in deep emissions cuts and large-scale carbon removal. However, inconsistent quality standards in carbon credits have hindered private sector participation in voluntary carbon markets. Recently, the US federal government announced the Voluntary Carbon Markets Joint Policy Statement and Principles, aiming to improve credit quality and market integrity. These principles set standards for developers and certifiers, ensuring science-based climate outcomes and encouraging private sector involvement. Learn about these critical steps towards high-quality carbon removal solutions: https://lnkd.in/gFtKXB55 #ClimateAction #CarbonCredits #Sustainability #Decarbonization #VoluntaryCarbonMarkets #ClimateChange #PrivateSector

Commentary on US Joint Policy Statement and Principles for the Voluntary Carbon Market | Carbon Direct

Commentary on US Joint Policy Statement and Principles for the Voluntary Carbon Market | Carbon Direct

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Laura S.

Climate change and sustainability expert working on sustainable food systems

1mo

A critical step for a developing sector!

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