Two ICVCM expert advisors have resigned from their positions over what they called a “problematic precedent” set with the REDD+ decision
A key oversight body set up to improve the quality of carbon credits has been called into question by members of its expert board, two of whom recently resigned in protest over its decision to endorse offset rules they say lack integrity.
Last month, the Integrity Council for the Voluntary Carbon Market (ICVCM) gave its high-quality label to three methodologies for producing carbon offsets that aim to reduce deforestation under so-called REDD+ projects – the first to be approved for forest offsets.
The watchdog said at the time that the new forest carbon credit rules would “usher in a new generation of high-integrity projects” as they addressed concerns with previous REDD+ methodologies that came under fire for overstating their emissions-cutting benefits.
But carbon market experts Lambert Schneider and Juerg Fuessler have now come out publicly against the decision which they say sets a “problematic precedent” and calls into question the ICVCM’s assessment process. They both announced this week they had stepped down from the body’s expert panel which plays an advisory role in the ICVCM’s decision-making. Schneider formally left the post in September.
Divisions in ICVCM’s ‘big tent’
The ICVCM was set up to address widespread concerns over the quality of carbon credits and inject more credibility into the market. The watchdog assesses guidelines used to develop offsetting projects to determine whether they comply with the “Core Carbon Principles” (CCP) criteria, which are designed to identify and encourage high-integrity credits that meet requirements on governance, emissions reduction and sustainable development.
A spokesperson for the ICVCM told Climate Home that the body “purposefully built a ‘big tent’, seeking out diverse experience and expertise”. Members of civil society, academia and the corporate world – including the carbon offsetting industry – provide input into the ICVCM’s rulings on carbon credit methodologies.
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Its working group on REDD+ – which operates separately from the expert panel – included representatives from Amazon, forestry project developer Wildlife Works, carbon standards like Verra and ART, and non-profits like the World Resources Institute and the Environmental Defense Fund, among others.
The spokesperson said that having “all perspectives” included in the process “inevitably produces disagreements on specific issues and even on assessment decisions”, and described that as a “strength” ra