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The report evaluates transparency in the voluntary carbon market (VCM) by analyzing a sample of 140 projects across the Verified Carbon Standard (VCS), Gold Standard (GS), American Carbon Registry (ACR), and Climate Action Reserve (CAR). It finds that no single standard provides full disclosure, with significant gaps caused by both inadequate rule-setting and insufficient enforcement. Specifically, CAR and ACR have structural limitations regarding the public disclosure of monitoring reports. The study also identifies widespread issues with mislabelled, duplicated, or missing documents, which rating agencies confirm hinder the independent assessment of carbon credit quality. The report recommends implementing stronger quality assurance/quality control (QA/QC) processes, standardized naming conventions, and regular audits to align with Integrity Council for Voluntary Carbon Markets (ICVCM) requirements.
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Document type: Report