Monthly: VCM Updates (July)
This article is an automatically translated version of the original Japanese article. Please refer to the Japanese version for the most accurate information.
This is the sustainacraft, Inc. newsletter. This edition is a Monthly VCM Update, focusing primarily on topics related to the Voluntary Carbon Market and international regulations announced in June 2023.
Monthly VCM Update
This month, we will cover the following topics:
A. Voluntary Carbon Credit Market Trends
B. Trends in Major Overseas Regulations
- SBTi: Beyond Value Chain Mitigation
- VCMI: Claims Code of Practice
- EU Deforestation Regulation
A. Voluntary Carbon Credit Market Trends (Verra)
In June 2023, Verra Voluntary Carbon Credits saw 21,505,801 units newly Issued, and 7,936,464 units Retired. This represents a +4% increase and a -7% decrease respectively compared to the same month last year.
Focusing on the AFOLU (Agriculture, Forestry and Other Land Use) sector alone, 11,951,200 units were Issued, and 3,280,030 units were Retired. This shows a +77% increase and a -30% decrease respectively compared to the same month last year.
