ICVCM Published the Guidelines on Fundamental Principles of Carbon Credits

The Integrity Council for the Voluntary Carbon Market (ICVCM) has published the Core Carbon Principles (CCP) document that establishes the quality standard for carbon credits. This guide aims to serve not only as a solid and accessible reference point for the voluntary carbon market but also to improve our shared journey towards a greener future. The CCPs are built around the trilogy of Governance, Emission Impact, and Sustainable Development, focusing on rigor and practicality. Each of these principles is robust and essential, containing guiding principles that form the backbone of reliable and effective carbon credit systems.

Primarily, under Governance, principles such as Effective Governance and Transparency stand out. These foundational principles have been created to guide carbon credit programs that have a strong balance and oversight system. Under Emission Impact, the focus is on principles such as Unique Contribution and Calculation of Emission Reductions and Removals. Under Sustainable Development, the emphasis is on advancing the concrete sustainable development impacts of carbon credit programs and their role in achieving global net-zero emission targets.

This approach by ICVCM can create an environment of trust while preserving the integrity of the market. As a result, it attracts investments and directs them swiftly and effectively to solutions for the climate crisis.

You can access the document through this link.