The Integrity Council for the Voluntary Carbon Market Launches its Public Consultation for Core Carbon Principles

Stephen Donofrio

With the aim of setting a definitive and consistent benchmark for credible, high-integrity carbon credits, The Integrity Council for the Voluntary Carbon Market has developed a draft set of Core Carbon Principles (CCPs), Assessment Framework (AF) and Assessment Procedure. The public consultation is now open.

27 July 2022 | It’s official. The Integrity Council for the Voluntary Carbon Market (ICVCM), which encompasses deep and varied expertise from across the voluntary carbon market ecosystem including world-leading scientific, financial, practitioner, NGO, policy, indigenous, local and other forms of knowledge, has today announced the start of the public consultation for the draft Core Carbon Principles, Assessment Framework and Assessment Procedure.

What is the consultation for and how long do you have to provide feedback?

The aim of the core carbon principles are to set a definitive and consistent benchmark for credible, high-integrity carbon credits. With a deadline of 27 September 2022, it’s a 60-day public consultation on its draft Core Carbon Principles (CCPs), Assessment Framework and Assessment Procedure.

The draft Assessment Procedure sets out a proposed process for assessing CCP-eligibility, how eligible carbon credits will be tagged; how the Integrity Council will continue to oversee and enforce the CCPs; and facilitate the continual development of the voluntary carbon market.

Learn more about how to get involved on the ICVCM’s website: https://icvcm.org/public-consultation/

Public Briefing Sessions

The ICVCM will be sharing more details on the consultation period, CCPS, and Assessment Framework during these public briefing sessions. Hear from Annette Nazareth, former SEC Commissioner and Chair of the ICVCM Governing Board, as well as a selection of other fantastic speakers.

Session 1: Wednesday 27th July 14:00 – 14:45 (BST): Register for the briefing on the 27th July

Session 2: Tuesday 2nd August 14:00 – 14:45 (BST): Register for the briefing on the 2nd August

This is a developing article. More content will be added over the course of the day and coming days.

Stephen Donofrio is Director of Ecosystem Marketplace and Supply Change initiatives of Forest Trends. He is also the Founding Principal of GreenPoint Innovations and previously led programs at CDP North America and the Chicago Climate Exchange.

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