Voluntary Carbon Markets, or VCM, are the decentralized marketplaces where carbon credits, used to offset greenhouse gas emissions are traded. Each credit offsets a metric ton of carbon dioxide emissions. The VCM has existed since the 1980s with recent updates to the types of activities that count as offsets.

On July 30 of this year, the Science Based Targets Initiative (SBTi) updated their recommendations for corporate carbon accounting standards that affect how corporations should count carbon offsets towards their net-zero goals. Dr. Jennifer Jenkins, chief science officer at Rubicon Carbon, joined us to talk about changes to the VCM and how they affect the way corporations can use carbon credits to meet their net-zero goals.

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On this week's edition of Climate News Weekly, James Lawler and Julio Friedmann discuss Exxon-Mobil's projections of flat oil demand by 2050, closing the last coal-fired power plant in the UK, disproportionate impacts of climate change in Africa, and more.

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Climate News Weekly is back to cover the week’s biggest stories in climate news with host James Lawler, joined by Julio Friedmann and Darren Hau. The team kicks off this week's coverage with an analysis that uses artificial intelligence to determine the impacts of 1500 climate policies on emissions. Up next, Julio and James discuss a new CarbonMapper satellite that can detect methane and carbon dioxide emissions with high precision. The team also discusses the hydrogen industry's struggle to go green and the looming reality of irreversible climate tipping points.

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Visit our website for all of our content and sources for each episode.