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Carbon credit standards approval extended to 98% of market [Reuters]
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standards in the market for carbon offsets, where some of the biggest buyers include Microsoft, Salesforce and Amazon. Integrity Council for Voluntary Carbon Markets (ICVCM) has added Verra and Architecture for REDD+ Transactions (ART) to its list which meet its Core-Carbon Principles rule book. Report this ad Allowing companies to buy credits from projects that lock carbon away, such as mangrove restoration, and use them to offset their emissions is seen as an important way to help developing countries protect the environment. But growth has been held back by challenges including concerns over the origination, credibility and efficacy of certain credits, and the claims made about buying them. ICVCM, which is backed by Bezos Earth Fund and Children's Investment Fund Foundation, is working to address these. Pedro Barata, co-chair of the expert panel for ICVCM told Reuters that its standards make a compelling case that companies can invest in "high quality" carbon credits, w
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