Carbon Credits Market Gets New Guidance From Climate Group (1)

Companies focused on taking climate action can now voluntarily use carbon credits through 2040 to address the greenhouse gas emissions from their value chains.

That’s according to fresh guidance from the Voluntary Carbon Markets Integrity Initiative, a nonprofit founded in 2021 with backing from Alphabet Inc.’s Google, Children’s Investment Fund Foundation and Bezos Earth Fund to help advise companies on the kind of green claims they can credibly make based on their use of carbon credits.

“Addressing Scope 3 emissions is one of the most pressing challenges in corporate climate action, yet many businesses lack the tools and frameworks ...