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The Voluntary Carbon Market Integrity initiative’s latest guidance on the use of carbon credits by companies undermines VCMI’s stated mission of combating
Article 6 of the Paris Agreement sets out the principles for carbon markets. At COP28, governments will further develop the rules governing these markets.
Fresh evidence published by the Science Based Targets initiative (SBTi) confirms the unsuitability of carbon offsetting to meet emissions targets, echoing the findings of a new Carbon Market Watch study that casts doubt over the fairness of financial flows in the voluntary carbon market (VCM).
Our latest report discusses how carbon credits from renewable energy projects are in oversupply and fail to deliver additional climate benefits
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