Exploring the ICVCM Decision, Dynamic Baselines, and the Future of Nature-Based Climate Solutions
The Integrity Council for the Voluntary Carbon Market (ICVCM) recently announced the approval of dynamically assessed IFM methodologies for compliance with the Core Carbon Principle (CCP) standard. This is a clear signal to the market on the importance of nature-based projects in meeting evolving quality standards and supporting our global climate objectives. Anew is encouraged by this approval and what it means for the entire carbon market.
ICVCM is an independent, non-profit governance body that aims to set and maintain a global standard for high integrity in the voluntary carbon market (VCM). Buyers and market participants look to the ICVCM for guidance as it influences participation, credit pricing, and market trends. The CCP label was established by the ICVCM in 2023 as a benchmark for high-integrity carbon credits that requires transparency in disclosure and sustainable development. The following year, the ICVCM began approving select project types and continues to evaluate carbon-crediting programs and categories for strict adherence to the established criteria.
Prior to this latest endorsement of dynamically assessed IFM methodologies, the only other nature-based project types with CCP approval were REDD+ and Afforestation, Reforestation, and Revegetation (ARR). Once a project methodology receives approval, any future projects developed under the same methodology will automatically have the CCP label assigned to them.
Why it Matters
Approval of dynamically assessed methodologies is a significant step forward and a signal of confidence in IFM projects for their quality and durability. While all traditional IFM projects are evaluated against conservative baseline approaches, dynamically assessed projects incorporate periodic baseline adjustments that utilize real-time forest data accounting for changes in tree growth, impacts from pest and disease, and the regional common harvest practice. This added information strengthens credit quantification and provides greater transparency to an already rigorous baseline scenario.
While it’s too early to know the exact pricing impact, CCP approval has historically influenced demand — as seen with Landfill Gas Capture credits. For IFM, the label may reinforce existing premium pricing or even strengthen it if demand outpaces supply.
Looking Forward
Over the last few years, as market demand has shifted towards greater transparency, Anew has actively sought ways to improve and ensure transparency of our IFM portfolio, including the introduction of our proprietary Epoch Evaluation platform. While not all nature-based projects currently have CCP approval, the recent endorsement of dynamically assessed IFM methodologies is a significant step forward in demonstrating the durability of nature-based climate solutions. As additional methodologies earn CCP approvals, Anew will continue to lead in balancing proven carbon accounting with forward-looking innovation, ensuring our portfolio delivers measurable, lasting climate impact.
Contact us today to discover how credits from CCP-approved methodologies can help future-proof your climate commitments and strengthen your long-term strategy.