VCM

The Voluntary Carbon Market. Describes a market where project-based carbon credits are traded voluntarily and outside the scope of any national law (and regulation). Buyers can voluntarily purchase and retire these carbon credits to offset part of their own carbon emissions or to demonstrate climate action more broadly.

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The iron and steel industry faces a significant challenge: how to continue producing the steel needed for infrastructure and economic growth while cutting carbon emissions.
Airbnb’s direct greenhouse gas (GHG) emissions come from its own offices, while indirect emissions come from the energy it consumes, and from upstream and downstream
Refers to the period – usually a calendar year – in which an emissions reduction, avoidance or removal takes place. Carbon credits are often listed

VER

Voluntary Emission Reductions or Verified Emission Reductions. A general term used to describe project-based carbon credits.
The iron and steel industry faces a significant challenge: how to continue producing the steel needed for infrastructure and economic growth while cutting carbon emissions.

24 September 2026

GLOSSARY
Vintage

Refers to the period – usually a calendar year – in which an emissions reduction, avoidance or removal takes place. Carbon credits are often listed as being of a particular vintage.

24 September 2026

GLOSSARY
VER

Voluntary Emission Reductions or Verified Emission Reductions. A general term used to describe project-based carbon credits.

9 September 2025

ARTICLE
What Does California’s Cap-and-Invest Program Mean for the Steel Sector?

The iron and steel industry faces a significant challenge: how to continue producing the steel needed for infrastructure and economic growth while cutting carbon emissions.

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Partner with the Carbonwise team to produce innovative educational content on Carbon Markets.

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