VCMI acts to boost trust in offsets
Non-profit group launches rulebook for companies claiming climate progress on the back of purchased offsets
The Voluntary Carbon Markets Integrity Initiative, a non-profit group the backers of which include the UK government and technology firm Google, has launched a code of conduct designed to boost confidence in the use of offsets by large emitters as part of their decarbonisation strategies. The VCMI says its ‘Claims Code of Practice’ offers companies a rulebook to follow for making “credible climate claims” relating to the voluntary offsets in which they have invested. The move comes as several large emitters face criticism for claiming progress in decarbonisation based on the purchase of offsets, in some cases leading to accusations of greenwashing. “VCMs bring considerable benefits as part o

Also in this section
7 February 2025
Norwegian energy company slashes spending on low-carbon sectors as transition decelerates
30 January 2025
The UAE’s oil and gas company puts its faith in technologies including CCS and AI to deliver its emission-reduction goals
27 January 2025
Regional state-owned firms are transforming their strategies and leveraging their resources to position themselves as clean energy powerhouses, and to ensure they maintain influence in a low-carbon world
24 January 2025
Progress on the energy transition has slowed or even stopped, with greater societal engagement we can revitalise it