Press Release
September 22, 2021
Contact: Alec Gerlach gerlacha@c2es.org
C2ES chosen for governance body on voluntary carbon markets
The Center for Climate and Energy Solutions (C2ES) has been selected as part of the newly convened governance body for voluntary carbon markets under the Taskforce on Scaling Voluntary Carbon Markets.
C2ES was selected to form the private-sector organization’s Executive Secretariat along with International Emissions Trading Association (IETA), the Green Finance Institute (GFI), and the British Standards Institute (BSI).
The governance body will assume leadership of the Taskforce’s mission to bring greater quality and integrity to voluntary carbon markets VCMs. Its first priority is rigorously reviewing and finalizing the Core Carbon Principles (CCPs), a set of threshold standards that will set a global benchmark for carbon credit quality.
“Scaling up high-integrity carbon markets can be a key part of mobilizing private investment to slash carbon pollution and support thriving low-carbon economies,” said C2ES President Nathaniel Keohane. “For companies, leading on climate means both reducing emissions in their own operations and supply chains and contributing to the broader climate fight, including through voluntary purchases of high-quality carbon credits.
“The new governance body will play a critical role in realizing this vision, by ensuring that voluntary carbon markets have the strict standards and quality assurance necessary to achieve meaningful reductions, and the transparency and liquidity needed to scale. C2ES is proud to bring our carbon pricing expertise and deep experience in the international climate arena to the new body as part of the Executive Secretariat, alongside three other excellent organizations that bring complementary strengths.”
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About C2ES: The Center for Climate and Energy Solutions (C2ES) is an independent, nonpartisan, nonprofit organization working to forge practical solutions to climate change. Our mission is to advance strong policy and action to reduce greenhouse gas emissions, promote clean energy, and strengthen resilience to climate impacts. Learn more at www.c2es.org.
About the Taskforce on Scaling Voluntary Carbon Markets: The Taskforce on Scaling Voluntary Carbon Markets is a private sector-led initiative working to scale effective and efficient voluntary carbon markets to help meet the goals of the Paris Agreement.
The Taskforce on Scaling Voluntary Carbon Markets, launched by Mark Carney, UN Special Envoy for Climate Action and Finance, is chaired by Bill Winters, Group Chief Executive, Standard Chartered and sponsored by the Institute of International Finance (IIF) under the leadership of IIF President and CEO, Tim Adams. Annette Nazareth, Senior Counsel at Davis Polk and former Commissioner of the U.S. Securities and Exchange Commission, serves as Operating Lead for the Taskforce, and McKinsey & Company provides knowledge and advisory support.