Verified Carbon Standard (VCS, operated by Verra) the world’s largest carbon-crediting program, has met the high-integrity Core Carbon Principles (CCPs) after making significant changes to its procedures, the Integrity Council for the Voluntary Carbon Market announced today as it published the second in an ongoing series of assessment decisions. The Integrity Council Governing Board has also approved the Architecture for REDD+ Transactions (ART, operated by Winrock International) program, which operates globally (through the TREES methodology that is currently under ICVCM multistakeholder assessment). These programs join ACR, CAR and Gold Standard, as the CCP-Eligible Programs under the ICVCM. Together these five programs have a 98% share of the voluntary carbon market.
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