ANALYSIS: Removal-based credits, governance body proving contentious in offset taskforce consultation

Published 19:47 on June 24, 2021  /  Last updated at 14:35 on June 25, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Plans from the private sector-led Taskforce on Scaling Voluntary Carbon Markets (TSVCM) to distinguish between voluntary emissions reductions (VERs) that avoid or remove GHGs are emerging as a key sticking point in an ongoing consultation, as some worry about potential overstep with existing crediting standards or conflicts of interest that may arise through the creation of a governance body.

Plans from the private sector-led Taskforce on Scaling Voluntary Carbon Markets (TSVCM) to distinguish between voluntary emissions reductions (VERs) that avoid or remove GHGs are emerging as a key sticking point in an ongoing consultation, as some worry about potential overstep with existing crediting standards or conflicts of interest that may arise through the creation of a governance body.

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