Chris Leeds’ Post

📣 Major Milestone for the #VCM: ICVCM is thrilled to announce that our Governing Board has approved the first high-integrity CCP-labelled carbon credits, while assessments continue. The high-integrity CCP label can now be used on an estimated 27 million carbon credits generated by projects that tackle potent greenhouse gases. These projects capture methane from landfill sites and destroy ozone-depleting foams and refrigerant gases from discarded equipment such as refrigerators and air conditioners. 🔍What does this mean: 🌿 The first credits that can be tagged with the CCP label will be generated by projects that capture potent greenhouse gases. 🌿 The CCP-Approved status of credits will be visible to buyers in the programs’ registries in due course. 🌿 The CCP-Approved status of credits will be visible to buyers in the CCP-eligible programs’ registries in due course. Marketplaces, like exchanges, are likely to start bundling CCP-labelled credits for sale during the course of the year. The CCP label gives assurance that each credit represents a tonne of emissions reduced or removed from the atmosphere. 🍀The Road Ahead: The ICVCM continues to assess carbon crediting programs and the methodologies used to design and implement carbon reduction and removal projects. Our science-based ‘two-tick’ process is paving the way towards a market that upholds credibility. This is a major step towards building a high-integrity and transparent #VCM2.0 and we are excited to see this momentum translate into real-world climate solutions. 🔗Read the full press release here: https://lnkd.in/dGmz9umE

"To us, carbon markets is climate finance .... There is no alternative. We are at a pivotal moment." Ten West African Governments call for companies to be encouraged to invest in projects and buy emission reductions. The letter is signed by by Burkina Faso, Cape Verde, Ivory Coast, Gambia, Guinea-Bissau, Guinea, Liberia, Mali, Senegal and Togo. This is what carbon markets are about. They have moved hundreds of millions of dollars to projects that need finance, that reduce emissions from what they otherwise would be - and often have many other sustainable attributes. I recently calculated that one particular cookstove project contributed to 16 out of 17 Sustainable Development Goals. Host countries are asking that we realise what they know. #carbonfinance #sustainability #ers #emissionreductions #vers #offsetting