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illuminem summarises for you the essential news of the day. Read the full piece on ESG News or enjoy below:
🗞️ Driving the news: The Integrity Council for the Voluntary Carbon Market (ICVCM) has approved six new methodologies for engineered carbon dioxide removal (CDR), significantly expanding the supply of high-integrity credits for buyers seeking durable climate solutions
• The decision marks the first major inclusion of next-generation removal technologies — such as direct air capture and bio-oil storage — under the ICVCM’s Core Carbon Principles (CCP) label
• Two updated forestry protocols also gained full approval, potentially unlocking up to 9.5 million additional credits per year
🔭 The context: Engineered removals currently represent less than 1% of the global carbon market but are increasingly viewed as essential for meeting net-zero goals
• The new standards, from Gold Standard and Isometric, bring long-term storage and verifiability to a market criticized for weak integrity and overstated claims
• The EU and UK are now weighing the inclusion of certified removals into their compliance systems — a move that could reshape global demand
• The ICVCM, launched in 2022 to ensure credibility and transparency in voluntary markets, has been progressively tightening oversight across sectors
🌍 Why it matters for the planet: The approvals provide a clearer regulatory pathway for engineered removals, which — unlike traditional offsets — permanently extract CO₂ from the atmosphere
• This could accelerate investment in high-quality carbon removal projects, especially in the Global South, where emerging pipelines are already forming
• However, experts caution that governance, monitoring, and equitable benefit-sharing will be crucial to prevent the same credibility issues that have plagued earlier offset schemes
• Ensuring social and environmental safeguards within these projects will determine their long-term sustainability.
⏭️ What's next: The ICVCM’s expanded “Carbon Removal Rulebook” will guide developers and buyers ahead of COP30, where global integration of carbon removal into compliance markets is expected to be a key negotiation topic
• The council is also reviewing additional nature-based methodologies for early 2026 approval
• As governments and corporations face growing scrutiny over net-zero claims, the adoption of CCP-labelled credits could become a de facto requirement for voluntary market participation
💬 One quote: “Both reductions and removals are critical to effective climate action. These latest approvals will open up new options for integrity-focused buyers.” – Annette Nazareth, Chair of the ICVCM
📈 One stat: The newly approved engineered removal projects could collectively issue over 3.2 million credits annually, with an additional 9.5 million credits per year expected from the revised forestry protocols
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