Groundbreaking Development at COP28
The Global Carbon Market Utility (GCMU) unveils plans to create accounting ledgers, crucial for scaling the Voluntary Carbon Market (VCM), at COP28. EY will guide the design process.
Unprecedented Integration for Climate Integrity
GCMU, launched at COP27 with support from Three Cairns Group and Bloomberg Philanthropies, aims to integrate carbon transactions into financial systems. EY’s expertise ensures auditable records and standardized contracts.
Strengthening Corporate Accountability
The initiative not only enhances the quality and transparency of carbon markets but also supports the future inclusion of carbon offsets in audited financial statements. GCMU’s collaboration with EY aligns with GHG emissions disclosure mandates for comprehensive corporate net-zero reporting.
Source：prnewswire.com
