The Voluntary Carbon Markets Integrity Initiative (VCMI) has finalized a global rulebook for buyers of carbon credits, a step seen as critical to improving market confidence in the use of carbon offsets. The "Claims Code" has undergone revisions over the past 12 months to include changes to assurance requirements and levels of ambition following market feedback and beta testing by around 70 companies. After the release of the preliminary draft in 2022." (Khalid Azizuddin)