CO2 compensation: Why many carbon credit • Table.Briefings

Renewable projects such as this one in the Egyptian desert are often used as voluntary carbon compensation projects, but some do not meet the standards.

An assessment of voluntary carbon credits shows that around a third of all credits have failed to meet the criteria for a new standard. Only renewable energy projects that would have been implemented without the income from the carbon credits are affected.

Around a third of existing carbon credits have failed to meet the criteria for a new standard that aims to serve as the global benchmark for the voluntary carbon market. The reason for this is the lack of „additionality“ of the projects concerned. These are exclusively renewable energy projects that would have been implemented even without the income from the purchase of the 236 million carbon certificates, the board of the Integrity Council for the Voluntary Carbon Market (ICVCM) explained on Tuesday.

CO2 compensation: Why many carbon credits fail new benchmark test

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