The Integrity Council for the Voluntary Carbon Market , an independent governance body for the voluntary carbon market, will launch a definitive set of global threshold standards in the third quarter of 2022, after it launches a public consultation in May.
But because of fears about being accused of greenwashing, many stress they are focussed on making operational reductions over offsetting.
Unilever says compensation credits can be a source of much-needed funding for activities that avoid or reduce GHG emissions compared to a business-as-usual scenario.
The standards are being developed by the Integrity Council’s expert panel, made up of 12 of the world’s leading scientists on the carbon markets.
The body, however, has no decision-making functions and will be without enforcement authority.