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.
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