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ARTICLE · 05 AUGUST 2022

More Standard Setting For Standard-Setters: This Time For Voluntary Carbon Markets

Mayer Brown
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On July 27, 2022, the Integrity Council for the Voluntary Carbon Market (Integrity Council),1 an independent governance body2 for the voluntary carbon market (VCM), released its draft Core...

United StatesFinance and Banking
J. Paul Forrester
J. Paul Forrester
Nadav Klugman
Nadav Klugman
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On July 27, 2022, the Integrity Council for the Voluntary Carbon Market (Integrity Council),1 an independent governance body2 for the voluntary carbon market (VCM), released its draft Core Carbon Principles (CCPs) and the related Assessment Framework (including related Terms and Definitions) and Assessment Procedure for a 60-day public consultation through September 27, 2022. The Integrity Council also made available a related 5-minute video, offered and conducted public briefings, and issued a related press release providing additional background and context for the CCPs. The Integrity Council also released a helpful Summary for Decision Makers.

The Integrity Council had previously indicated that the CCPs would be released last May and would become effective in Q3 2022. Currently, the Integrity Council is targeting Q4 2022 for publication of the official CCPs, Assessment Framework and Assessment Procedure, following this public consultation.

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