Navigating Recent Changes to Voluntary Carbon Markets

Voluntary Carbon Markets, or VCM, are the decentralized marketplaces where carbon credits, used to offset greenhouse gas emissions are traded. Each credit offsets a metric ton of carbon dioxide emissions. The VCM has existed since the 1980s with recent updates to the types of activities that count as offsets. On July 30 of this year, the Science Based Targets Initiative (SBTi) updated their recommendations for corporate carbon accounting standards that affect how corporations should count carbon offsets towards their net-zero goals. Dr. Jennifer Jenkins, chief science officer at Rubicon Carbon, joined us to talk about changes to the VCM and how they affect the way corporations can use carbon credits to meet their net-zero goals. Who is Climate Now? Climate Now is an educational multimedia platform that produces expert-led, accessible, in-depth podcast and video episodes addressing the climate crisis and its solutions, explaining the science, technologies and key economic and policy considerations at play in the global effort to decarbonize our energy system and larger economy. Subscribe to the Climate Now newsletter: https://bit.ly/3Fnwqgo Follow us on social media Twitter:   / weareclimatenow   LinkedIn:   / climatenow   Facebook:   / weareclimatenow   Instagram:   / weareclimatenow   Click here for the complete list of sources and a transcript: