WMBC RESPONSE TO US GOVERNMENT ANNOUNCEMENT ON THE ROLE OF VCMS

The We Mean Business Coalition welcomes the US Government's new principles for voluntary carbon markets (VCMs), asserting that high-integrity carbon credits are an integral part of a Paris-aligned solution. The Coalition emphasizes that VCMs should complement, not replace, the direct decarbonization of value chains, and should help direct finance toward nature-based solutions and the global south.

• The We Mean Business Coalition views the US Government's new principles for voluntary carbon markets as a sign that the debate over net zero goals is maturing, noting that these tools are essential for reducing and removing emissions to limit warming to 1.5C.
• High-integrity carbon credits are intended to direct finance toward urgent, underfunded priorities, including the global south and the restoration and protection of nature.
• Carbon credits are not a substitute for the direct decarbonization of value chains but are part of a Paris-aligned strategy that prioritizes nature-based solutions and sustainable development in the short term while technology for emission reductions scales in the long term.

APA

Mendiluce, M. (2024). WMBC RESPONSE TO US GOVERNMENT ANNOUNCEMENT ON THE ROLE OF VCMS. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/wmbc-response-to-us-government-announcement-on-the-role-of-vcms/

Chicago

Mendiluce, María. WMBC RESPONSE TO US GOVERNMENT ANNOUNCEMENT ON THE ROLE OF VCMS. We Mean Business Coalition, 2024. https://www.wemeanbusinesscoalition.org/blog/wmbc-response-to-us-government-announcement-on-the-role-of-vcms/.

Wikipedia

{{cite press release |last1=Mendiluce |first1=María |title=WMBC RESPONSE TO US GOVERNMENT ANNOUNCEMENT ON THE ROLE OF VCMS |publisher=We Mean Business Coalition |date=28 May 2024 |url=https://www.wemeanbusinesscoalition.org/blog/wmbc-response-to-us-government-announcement-on-the-role-of-vcms/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{mendiluce2024wmbc, author = {Mendiluce, María}, title = {{WMBC RESPONSE TO US GOVERNMENT ANNOUNCEMENT ON THE ROLE OF VCMS}}, publisher = {We Mean Business Coalition}, year = {2024}, month = may, url = {https://www.wemeanbusinesscoalition.org/blog/wmbc-response-to-us-government-announcement-on-the-role-of-vcms/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }