Key Considerations for Professional Accountants on the Voluntary Carbon Credit Markets Published by IFAC, CPA Canada and ISF

Voluntary Carbon Markets (VCMs) were created to mobilise private capital at scale towards nature-based climate solutions and innovative low-carbon technologies. The use of carbon credits within VCMs to reduce greenhouse gas emissions has been hotly debated and is increasingly being scrutinised.

The International Federation of Accountants (IFAC), Chartered Professional Accountants of Canada (CPA Canada) and the Institute for Sustainable Finance (ISF) published a resource for professional accountants, and existing and potential market participants, including businesses, capital providers and the broader public, on the state of VCMs and their future development.

Understanding Voluntary Carbon Markets: Key considerations for professional accountants and purchasers on the carbon credit life cycle is available on:
https://www.ifac.org/knowledge-gateway/professional-accountants-business-paib/publications/understanding-voluntary-carbon-markets?utm_source=Main+List+New&utm_campaign=adeb581d05-EMAIL_CAMPAIGN_2024_06_11_02_48&utm_medium=email&utm_term=0_-adeb581d05-%5BLIST_EMAIL_ID%5D

This is the first instalment of a three-part series and covers the fundamentals of VCMs.

Two future instalments will delve deeper into the accounting and disclosure issues, particularly against the backdrop of identified risks and areas of manipulation in the market.