The Oxford Principles for Net Zero Aligned Carbon Offsetting: 2024 revisions

Published in February 2024 by the University of Oxford, these revisions to the 2020 Oxford Principles call for a ‘course correct’ for the VCM. It states that ‘current approaches are unlikely to deliver the level of emissions reduction needed to achieve global climate goals. NOTE: Despite the strong call to scale action, the Principles are supportive and clear. It says that each credit type offers different co-benefits and has a unique role to play in decarbonisation. The world needs avoidance and removal, just as it needs both nature and tech.