Reported 2 months ago
Approximately one third of existing carbon credits have not met the requirements of a new standard aimed at becoming the global benchmark for the voluntary carbon market, according to a report by the Integrity Council for the Voluntary Carbon Market (ICVCM). The failed credits, primarily linked to renewable energy projects, raise concerns about their effectiveness in reducing emissions and highlight the need for integrity in the market. Despite the setbacks, opportunities for additional renewable projects still exist.
Source: YAHOO