What are the Carbon Market Standards ?
S pecific carbon market standards , market trends , and additional global case studies to give a comprehensive overview of the Voluntary Carbon Market (VCM) and its functioning: Carbon Market Standards Carbon credits are generated and verified under standards , which ensure credibility, additionality, transparency, and permanence. These standards are critical for ensuring that carbon offset projects are real, measurable, and verifiable . 1. Verified Carbon Standard (VCS) Description : One of the most widely recognized carbon offset standards. Mechanism : Projects must demonstrate that carbon reductions are real, measurable, and additional. Sectoral Applications : Renewable energy, agriculture, forestry, waste management, and carbon capture. Example : A renewable energy wind farm in India receiving funding based on the VCS methodology. Website : https://verra.org/ 2. Gold Standard Description : A robust standard focusing on environmental integrity and social co-benefits. Scope : Renew...