The Integrity Council for the Voluntary Carbon Market (ICVCM)’s Post

Wrapping Up COP29: Advancing sustainability through high-integrity #VoluntaryCarbonMarkets 🌍 Today, we concluded our #COP29 journey with a powerful panel discussion hosted in collaboration with the UN Environment Programme. 🌿 This session brought together diverse voices to explore how carbon markets can deliver tangible benefits for nature, communities, and the Sustainable Development Goals (SDGs). 💡Key takeaways from the discussion: 🔹 Tackling deforestation in low-governance regions requires strong local and national governance, capacity building, and collaboration with Indigenous Peoples and/or local communities. Onel Masardule, Co-Chair of the Indigenous Peoples and Local Communities VCM Engagement Forum, aptly stated: “We are all on the same planet and feel the effects of the climate crisis. We all need to contribute.”🌐 🔹 Building high-integrity carbon markets demands robust methodologies that deliver in principle and practice, supported by collaboration among stakeholders and governments. Akiko Inoguchi highlighted: “National regulation and guidance are important, but local government has a key role to play as well. Ultimately, they’re the ones interacting with the local community to help facilitate projects and conduct monitoring in line with national regulation.”🤝 As #COP29 draws to a close, the Integrity Council remains ready to ensure the voluntary carbon market achieves its potential for accelerating climate action.📈 🔗Discover how we are advancing efforts to create a more transparent and resilient #VCM2.0: https://lnkd.in/eCemmjjv

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