By giving companies a rulebook to follow for making credible climate claims, the Claims Code will help build market confidence in how they engage with VCMs, says the VCMI in a June 28 statement.
The Voluntary Carbon Market Integrity Initiative (VCMI) has published its Claims Code of Practice, providing companies with a rulebook for voluntary use of carbon credits and associated claims on the pathway to net zero.
This brings integrity to the demand-side of the voluntary carbon markets (VCMs), a growing but largely unregulated field that allows carbon emitters to offset their unavoidable emissions by purchasing carbon credits. These credits are generated by projects that remove or reduce greenhouse gas emissions, such as reforestation, building renewable energy, carbon-storing agricultural practices and waste and landfill management.
