Renewable Energy

Voluntary carbon market governance body proposes regulations to stamp out greenwashing

Priti Dubey

Notable because

India already has a thriving voluntary carbon market, and the core carbon principles will further advance its growth by ensuring the integrity, reliability, and credibility of offsets/credits. A robust and well-governed voluntary carbon market enables transparency and accountability, which are essential for maintaining investor confidence in the market and unlocking additional investments for low-carbon projects.

What to look out for in the months ahead

The quality and integrity of carbon credits will depend on the uptake of core carbon principles by project developers.

Will implementing these principles drive significant climate finance towards the sustainable development needs of India?