Statement from Mark Kenber, Executive Director, VCMI, following standard setters event at COP28: “Restoring confidence in Voluntary Carbon Markets”

“Unity across the standard setters will give companies the direction and clarity needed to spur on increased high-integrity climate action. This is now a reality, it is state of the art, and it sets the rules of the game to scale up increased action driven by end-to-end integrity. Working hand-in-hand, we will set the stage for 2024 as the year of increased corporate action.

We’ve heard consistently at COP28 from governments, multilaterals and many NGOs about the critical importance of high-integrity VCMs in contributing to the five-fold increase needed in climate finance. Companies must now step up and incorporate VCMs in their climate transition plans, enabling them to demonstrate climate leadership and go further, faster.” Mark Kenber, Executive Director, VCMI

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