Clifford Chance
Clifford Chance Collaborates with Taskforce on Scaling Voluntary Carbon Markets – Final Report Published
10 August 2021
Clifford Chance is one of the collaborators on the Taskforce on Scaling Voluntary Carbon Markets ("TSVCM"). The TSVCM is working to overcome challenges the voluntary carbon market is currently facing, such as being highly fragmented or having difficulties with the quality of certain carbon credits. We are supporting the TSVCM in achieving its goal(s) in addressing these issues around fragmentation and carbon credit quality by sharing our deep experience and insights into the voluntary carbon market.
On 8 July 2021, the TSVCM published its final report summarising its findings (to date) of how to best scale up voluntary carbon markets. As part of this process, the TSVCM recently concluded a public consultation (between 21 May to 21 June 2021) 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.
