The global voluntary carbon market (VCM) is a critical tool for mobilizing finance for decarbonization efforts. As the market for carbon credits has grown, however, the value and effectiveness of the market has come under scrutiny.

To restore trust and increase confidence in the market, it is critical that carbon credits represent real, additional, verifiable emission reductions. The credibility and integrity of carbon credits rely heavily on the standards governing their creation and purchase. Strengthening market mechanisms, ensuring rigorous accounting standards, and increasing global cooperation are all essential to ensure that carbon markets contribute towards a low-carbon future.