The Integrity Council for the Voluntary Carbon Market (Integrity Council) announced last Wednesday March 29 the launch of the updated Core Carbon Principles (CCPs).
The principles establish rigorous thresholds on disclosure and development for high-integrity carbon credits, allowing the sustainable application of this market.
The CCPs set a uniform, consistent and higher bar for transparency, information disclosure, and social safeguards across the market that will drive better outcomes for both people and the planet. They have been developed with input from hundreds of organizations throughout the voluntary carbon market, and set out fundamental principles for high-quality credits that create real, verifiable climate impact, based on the latest science and best practice.
The pillars:
Governance: Effective governance, Tracking, Transparency, Robust independent third-party validation and verification
Emissions Impact: Additionality, Permanence, Robust quantification of emission reductions and removals, No double counting
Sustainable Development: Sustainable development benefits and safeguards, Contribution toward net zero transition
More specifically, the Integrity Council published:
The Program-level Assessment Framework – setting out detailed criteria for assessing whether carbon-crediting programs are CCP eligible
Assessment Procedure – explaining the procedure for implementing the CCP label in the market
CCP Attributes - tags programs can apply to highlight additional quality features of CCP-labelled carbon credits
Click at the image below to read it all and here for the press release.
There is also a 3:12 min launch video "Introducing the updated Core Carbon Principles (CCPs)".
To know Who is Who at the Integrity Council you can click here. It includes Verra's CEO among the three market representatives, elected by 250+ organizations that participated in the Member Consultation Group for the Taskforce for Scaling the Voluntary Carbon Market.
