UK Launches Principles for Voluntary Carbon Market Integrity at COP29 

At COP29 in Baku, Azerbaijan, the UK officially introduced its Principles for Voluntary Carbon and Nature Market Integrity. According to Funds Europe, this initiative aims to enhance voluntary carbon markets (VCMs) and support private-sector climate action.

The UK’s new framework focuses on several key areas. These include transparent reporting, high-quality carbon credits, accurate claims, and integrating biodiversity. The principles aim to bolster the global energy transition by encouraging responsible and effective use of carbon credits.