Demand for offsets is growing
VCMI acts to boost trust in offsets
Non-profit group launches rulebook for companies claiming climate progress on the back of purchased offsets
The Voluntary Carbon Markets Integrity Initiative, a non-profit group the backers of which include the UK government and technology firm Google, has launched a code of conduct designed to boost confidence in the use of offsets by large emitters as part of their decarbonisation strategies. The VCMI says its ‘Claims Code of Practice’ offers companies a rulebook to follow for making “credible climate claims” relating to the voluntary offsets in which they have invested. The move comes as several large emitters face criticism for claiming progress in decarbonisation based on the purchase of offsets, in some cases leading to accusations of greenwashing. “VCMs bring considerable benefits as part o
Also in this section
18 February 2025
Demand for CCS to abate new gas-fired plants is rising as datacentres seek low-carbon power, Frederik Majkut, SVP of industrial decarbonisation, tells Carbon Economist
11 February 2025
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
7 February 2025
Norwegian energy company slashes spending on low-carbon sectors as transition decelerates
30 January 2025
The UAE’s oil and gas company puts its faith in technologies including CCS and AI to deliver its emission-reduction goals
