{"id":24309,"date":"2024-09-18T15:57:45","date_gmt":"2024-09-18T20:57:45","guid":{"rendered":"https:\/\/blogs.edf.org\/climate411\/?p=24309"},"modified":"2025-07-08T15:48:57","modified_gmt":"2025-07-08T20:48:57","slug":"carbon-markets-for-corporate-impact","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/climate411\/2024\/09\/18\/carbon-markets-for-corporate-impact\/","title":{"rendered":"VCM 2.0: Navigating High-Integrity Carbon Markets for Corporate Impact"},"content":{"rendered":"
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Ecuadorian Amazon\/ EDF 2022<\/figcaption><\/figure>\n

2024 marks a pivotal moment for carbon markets as the voluntary carbon market (VCM) transitions into its next phase: <\/span>VCM 2.0, a high-integrity, high-impact market that has the potential to reshape how we tackle climate change.<\/span><\/b> \u00a0<\/span>But what does this mean for corporate buyers who want to use carbon credits to tackle near-term emissions on their journey to net zero?<\/span>\u00a0<\/span><\/p>\n

For companies, the path forward is clear: While decarbonizing your own operations and value chain remains the top priority, carbon credits can help you go further by compensating the emissions that are currently unavoidable. But only high-quality, high-integrity credits should be part of that equation. \u00a0 <\/span>\u00a0<\/span><\/p>\n

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The <\/span>r<\/span>oad to VCM 2.0<\/span><\/span><\/h3>\n

However, this transformation won\u2019t happen overnight. Transitioning to VCM 2.0 requires tough decisions and a reset of the market. But this reset is a necessary step if we want to unlock the full potential of a high-integrity VCM\u2014one that can meaningfully fund climate solutions, particularly in developing nations where the need for funding is greatest.\u00a0<\/span>\u00a0<\/span><\/p>\n

What <\/span>types of credits have <\/span>ICVCM <\/span>approved this year, and what is to come?<\/span><\/span>\u00a0<\/span><\/h3>\n

In 2024 so far, here are the credit categories that ICVCM has <\/span>assessed<\/span><\/a> already for CCP eligibility:<\/span>\u00a0<\/span><\/p>\n

For years, the market\u2019s reputation has been tarnished by concerns over low-quality credits and the over-crediting of projects. But the tide is turning. Initiatives like the Integrity Council for the Voluntary Carbon Market<\/a> (ICVCM) are leading the charge by setting a high bar for credit quality. The ICVCM\u2019s Core Carbon Principles (CCP) labels signal to companies and investors alike that CCP-eligible credits represent a credible path toward net-zero goals. This shift is creating a more credible, reliable market that companies can trust.<\/span>\u00a0<\/span><\/p>\n