Voluntary carbon credits ("VCCs") play an important role and incentive for parties investing in projects that aim to reduce carbon emissions or remove carbon from the atmosphere.  Market interest in VCCs has also expanded in response to an increasing demand for offsetting carbon credits by entities who have climate change goals outside of mandatory schemes. 

Standard documentation for secondary trading in VCCs is key to increasing trading activity and building liquidity.  With this aim in mind, ISDA has now published documentation to cover secondary trading in VCCs - the 2022 ISDA Verified Carbon Credit Transactions Definitions ("VCC Definitions").

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