Largest carbon credit programme poised for quality label

PARIS, May 2 (AFP): The world's largest carbon credit programme Verra took a step toward working under a new quality standard aimed at helping rebuild confidence in the scandal-hit offsets market.
Verra was approved "after making significant changes to its procedures", said the Integrity Council for the Voluntary Carbon Market (ICVCM), which governs this nonbinding label for the sector.
A Washington DC-based nonprofit organisation, Verra represents nearly 70 percent of the global voluntary carbon market, which is neither regulated by governments or a standard set of rules.