Clifford Chance Collaborates with Taskforce on Scaling Voluntary Carbon Markets - Public Consultation Phase
29 June 2021
The Taskforce on Scaling Voluntary Carbon Markets ("TSVCM") is working to establish the necessary infrastructure for a scaled and high-integrity voluntary carbon market that will address issues around fragmentation and carbon credit quality. As a core collaborator on the TSVCM, Clifford Chance is sharing our deep experience and insights into the voluntary carbon market.
The TSVCM will publish a report in mid-July summarising its findings (to date) of how best to scale up voluntary carbon markets. As part of this process, the TSVCM has recently concluded a public consultation focusing on the establishment of a voluntary carbon market governance body, progressing the standardisation of legal principles and contracts within the market and further consolidating carbon credit requirements. This briefing is intended to assist banks, financial institutions and corporates in summarising the key concerns of the recently concluded TSVCM public consultation.