International > Aviation/CORSIA > VCM Report: Huge volume of REDD carbon credits retired by oil major, VCMI switches direction

VCM Report: Huge volume of REDD carbon credits retired by oil major, VCMI switches direction

Published 16:42 on February 24, 2025 / Last updated at 16:42 on February 24, 2025 / / Americas, Asia Pacific, CO2 Management (Engineered Removals), EMEA (Europe), Insights (VCM Reports), International (Aviation/CORSIA), Nature-based Carbon (Forestry), Net Zero Transition (Industrial Decarbonisation, Power/Electrification, Transport & Heating Fuels), Voluntary (VCM Governance)

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An oil and gas major retired a huge number of REDD carbon credits to keep the market ticking over, while the Voluntary Carbon Markets Integrity Initiative (VCMI) signalled a shift of direction in a bid to kick start wider participation in the market.
An oil and gas major retired a huge number of REDD carbon credits to keep the market ticking over, while the Voluntary Carbon Markets Integrity Initiative (VCMI) signalled a shift of direction in a bid to kick start wider participation in the market.


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