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ARTICLE · 01 FEBRUARY 2021

Scaling Voluntary Carbon Markets: Taskforce Releases Core Carbon Principles And Roadmap

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Over 1,000 firms have made either indicative or concrete pledges to align their greenhouse gas emissions with the Paris Agreement—which means reducing emissions to zero by 2050.

United StatesEnvironment
J. Paul Forrester
J. Paul Forrester
Tim Baines
Tim Baines
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Over 1,000 firms have made either indicative or concrete pledges to align their greenhouse gas emissions with the Paris Agreement—which means reducing emissions to zero by 2050.1 As noted by UCL/Trove Research, for many firms, achieving this aim will require the use of carbon offsets at some point, but the carbon offsetting concept "depends on the environmental rigor of the credits—specifically whether money paid for the offsets is used to reduce emissions (or capture emissions from the atmosphere) beyond levels that would have otherwise occurred ... Methodologies and standards for defining carbon offsets, and the rigor with which the standards are enforced, have evolved and improved over time."

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