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Date updated: 11/23/2021

Investments in carbon credits offer huge potential for tackling the immense and inequitable challenge of climate change. They can facilitate a just transition. Voluntary carbon markets will allow capital to flow to projects that reduce/avoid or remove/sequester carbon and to propel new carbon capture technologies. The growing demand for a supply of quality carbon credits provides a catalyst to the innovation and behavioural shift needed from a broad range of private, corporate and government actors.

An increasing number of corporates are making net zero commitments and building carbon credits into their net zero pathways, necessitating sustainable large scale VCM growth. A scaled VCM can deliver private funding to climate and nature-positive investments, potentially channelling billions of dollars of investment from the Global North to the Global South.

The UK Voluntary Carbon Markets Forum was established in April 2021 to operationalise recommendations of the global Taskforce for Scaling Voluntary Carbon Markets (TSVCM), by providing a high integrity market ecosystem that aims to develop verifiable, and effective offset solutions.

The Forum is chaired by Dame Clara Furse, with City of London providing secretariat support. General inquiries can be directed to VCM@cityoflondon.gov.uk