Cheap isn’t always a bad thing when it comes to carbon credits

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VM0048 after two years: First credits on the horizon

Two and a half years after Verra released VM0048, its overhauled methodology for Avoiding Unplanned Deforestation (AUD) REDD projects, the first credits are on the verge of being issued under the new framework. This is the moment the market has been waiting for. Below is where things stand: what changed structurally, what remains imperfect, what the transition pipeline looks like and what buyers and project developers should expect.How we got hereIn 2023, investigative journalism and peer-reviewed research converged on the same finding: REDD projects had been significantly overcrediting. Calyx Global's 

April 14, 2026

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Donna Lee in Trellis: Cheap isn’t always a bad thing when it comes to carbon credits

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Commentary

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VM0048 after two years: First credits on the horizon

April 14, 2026

Do carbon credit ratings punish nature? Here’s what our Chief Scientist has to say.

March 25, 2026

Donna Lee in Trellis: Legacy credits are tainting carbon markets. Here’s how to get rid of them

March 4, 2026

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How risky is the carbon credit market?

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What are safe drinking water carbon credits?

March 26, 2026

Reasons ratings may differ between Calyx Global and other rating agencies

February 3, 2026

State of the Voluntary Carbon Market, 2026

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Customer stories

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Helping Harvard Business School offset travel emissions with high-quality credits

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Mitigating environmental and social risks in Volkswagen ClimatePartner’s investments

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Duke University protects its reputation with high-quality climate action

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Ratings approach

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Calyx Global Ratings Explained

April 5, 2023

The Calyx Global Approach to GHG Ratings

June 16, 2023

The Calyx Global Approach to SDG Ratings

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News & events

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Calyx Global launches Pricing Intelligence to make carbon credit purchasing smarter

March 19, 2026

Calyx Global, BlueLayer partner to expand access to carbon credit supply

February 25, 2026

Introducing SupplyBridge: Search available inventory from hundreds of sellers, all in one place

February 17, 2026

ICVCM CCP-label tracker

An up-to-date list of ICVCM CCP label decisions, alongside our expert analysis

February 5, 2026