Establishing the principles necessary for transparent, functioning voluntary carbon markets,
COP26 President-Designate Alok Sharma yesterday delivered a keynote speech at the launch of the Voluntary Carbon Markets Integrity (VCMI) initiative.
Friends, the clock is ticking down on the climate crisis.
We are running out of time to protect our precious planet from its worst effects, and to keep the goals of the Paris Agreement within reach.
To keep 1.5 degrees alive, as the UK COP26 Presidency is determined to do, we must halve global emissions by 2030.
And that means everyone playing their part – governments, investors, civil society and business.
Alongside companies setting science-based targets to cut emissions to net zero, and building resilience, voluntary carbon markets can play a vital role, enabling us to do more.
A voluntary carbon market with integrity can incentivise emissions reductions, and it can encourage technology innovation, and promote reforestation.
And it can raise finance, fast, getting funds to emerging markets and to nature-based solutions, including forest protection.
This of course is invaluable.
Because without finance, the task ahead is near impossible.
But integrity is the watch word.
With less than a decade to keep 1.5 alive, there is simply no room for greenwashing.
The era of carbon offsetting delaying meaningful climate action is over.
We need transparent, reliable markets playing a role in robust emissions reduction strategies, supporting companies to deliver, providing confidence to consumers and investors, and keeping 1.5 degrees alive.
That is why the work of the Voluntary Carbon Markets Integrity Initiative, working alongside private sector initiatives, is so important.
And why the UK Government is proud to support it.
But it will only succeed with your help.
So I urge all governments, businesses, civil society organisations and Indigenous Peoples listening to engage as fully as possible with the VCMI’s work.
Help to establish the principles necessary for transparent, functioning voluntary carbon markets, for it to be presented at COP26.
Together, let’s build our resilience, drive down global emissions, and keep 1.5 degrees alive.
Latest News from
Nuclear test veterans recognised for contribution to UK security30/11/2023 15:17:15
Nuclear test veterans who made a unique contribution to the UK’s security and have received medals for their service have been praised at a dedicated reception.
Digital skills rebrand to attract top tech talent to Civil Service29/11/2023 14:10:00
A new brand, Government Digital and Data, has been launched today to bring together the growing number of digital and tech specialists working in government to improve public services in the long-term.
We’re putting veterans at the heart of government24/11/2023 16:10:00
An Op-Ed by Johnny Mercer, Minister for Veterans' Affairs, originally published in The Express.
UK and Republic of Korea join forces to step up cooperation on digital services and AI23/11/2023 09:15:00
The UK has signed a new Memorandum of Understanding (MOU) with South Korea to strengthen government digital services
Veterans services stepped up as Veterans UK brand set to be phased out22/11/2023 13:20:00
Veterans services in the UK are to receive a fresh start as the government yesterday accepted the majority of recommendations from the Independent Review of UK Government Welfare Services for Veterans.
Deputy Prime Minister reveals national security powers to respond to geopolitical and tech threats14/11/2023 09:20:00
The Deputy Prime Minister, Oliver Dowden, yesterday announced the publication of a ‘Call for Evidence’ on potential updates to the National Security & Investment Act to ensure the government’s investment screening powers remain up to date, proportionate and transparent for businesses, while protecting national security.
Boost to ASEAN-UK cooperation with first UK visit by Secretary General of ASEAN02/11/2023 09:12:00
Secretary General of the Association of South East Asian Nations (ASEAN) His Excellency Dr Kao Kim Hourn is visiting the UK to further the ASEAN-UK Partnership.
Op-ed: New procurement rules will strengthen our national security31/10/2023 10:25:00
An Op-Ed by Ministers Jeremy Quin and Alex Burghart, originally published in The Telegraph.
Small businesses to benefit from one of the largest shake ups to procurement regulations in UK history27/10/2023 16:10:00
New procurement rules have today become law, following the Royal Assent of the Procurement Act - and is part of the Government’s work to make long-term decisions that will change this country for the better.