The International Carbon Registry (ICR) is inviting public feedback on significant improvements to its ICR Program.
These changes aim to clarify guidelines, strengthen alignment with global standards, and enhance the overall integrity of the voluntary carbon market (VCM).
The proposed updates cover various aspects of the ICR Program, including definitions, requirements for project registration, methodology development, and validation processes.
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Additionally, the ICR is introducing new procedures for incorporating credits from international climate agreements and tools to assess social and environmental impacts.
The ICR has also released a series of new documents, Including procedures for implementing ITMOs under Article 6.2 of the Paris Agreement and a tool for assessing environmental and socio-economic safeguards.
The public consultation period runs from July 22 to August 22, 2024. Stakeholders are encouraged to review and provide input on the proposed changes through an online form to ensure that the ICR program meets the highest standards of integrity and efficacy.
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A webinar will also be held on August 2, 2024, to discuss the updates in more detail.
The ICR is committed to transparency and collaboration and believes that public input is essential for developing a robust and effective carbon registry.
Once reviewed and confirmed, the changes are expected to be published in mid-September 2024.
