The Lifecycle Of A Voluntary Carbon Credit

Introduction

The burgeoning voluntary carbon credit ("VCC") market presents a clear opportunity for tackling carbon emissions by allowing individuals, countries, and corporates to purchase credits to offset their own emissions and thus support projects that are reducing the overall carbon footprint on our planet. Growing volumes of VCCs are being purchased by the private sector, where the spotlight on corporate social responsibility and industry leadership has increased the commitment to environmental issues. It has been reported that the VCC market will need to increase up to 15 times by 2030 to support the goal of limiting the average rise in temperature this century to 1.5 degrees Celsius¹.