The Voluntary Carbon Markets Integrity Initiative (VCMI) has introduced additional guidance for its Claims Code of Practice, allowing firms to make claims about their use of high-quality carbon credits.
The new guidance encompasses a Monitoring, Reporting, and Assurance (MRA) Framework, an identity mark for asserting ‘Carbon Integrity’ Claims. It’s also an initial version of an added claim, labeled ‘Scope 3 Flexibility.’
Commending VCMI’s new guidance, U.S. Special Presidential Envoy for Climate, John Kerry, stated:
“By creating sound guardrails for the use of high-quality carbon credits, the new VCMI guidance will provide strong assurance that this finance will help deliver the greater climate action we so urgently need.”
Using the new framework and the ‘Carbon Integrity’ Claims branding, companies can now make Silver, Gold, or Platinum Claims, following the original Claims Code published in June.
It empowers companies to declare their use of high-quality carbon credits, channeling financial support toward initiatives that counteract climate change. It also showcases their efforts in surpassing science-based emissions reductions.
Fast-tracking Net Zero with High-Integrity Carbon Credits
Voluntary carbon markets (VCMs), when used properly, can increase financial resources directed toward low- and middle-income economies. They can significantly aid in achieving the Paris Agreement’s goal of limiting global warming to 1.5°C above pre-industrial levels.
Estimates suggest that if companies begin investing in VCMs as part of their net zero strategies today, over $50 billion could be unlocked by 2030. This exponential growth in VCM demand is illustrated below, going beyond 900 metric tons of carbon dioxide.

Evidence indicates that companies engaging in these markets tend to be more ambitious and undergo faster decarbonization compared to those that do not.
As per Ecosystem Marketplace analysis, buyers in VCMs are 1.8x more likely than non-buyers to continually reduce their footprint.
But there’s a big catch to achieve that: voluntary carbon markets must work with integrity.
That means carbon credits must genuinely represent verified reductions and removals of emissions, complying with robust environmental and social standards. Companies should use these credits in addition to—rather than as a substitute for—decarbonization efforts in their transitions to net zero.
Claims associated with these credits must be credible and reliable. Adhering to the VCMI Claims Code, which includes the newly provided guidance, ensures the assurance of these principles.
VCMI’s Executive Director, Mark Kenber, noted the relevance and timing of the release of this new guidance. He said that as COP28 approaches, discussions about VCMs will regain prominence and that “it is important that what is discussed is the promotion of credible, and believable, climate action”.
With the new guidelines for credible claims, companies can credibly use carbon credits and be confident in doing so.
The Scope 3 Flexibility Claim
Moreover, the VCMI has launched the beta version of a new claim – the Scope 3 Flexibility Claim. It’s a practical step to hasten corporate climate action. It permits companies to use carbon credits while scaling their internal decarbonization investments and initiatives.
Once completed in 2024, this claim allows companies to be accountable for their Scope 3 emissions while moving toward their net zero goals by using high-quality carbon credits. Stringent measures are in place to ensure the integrity of this claim and prevent its misuse.
Scope 3 refers to the indirect emissions from the company’s value chain.
According to MSCI Carbon Markets, about $19 billion could be mobilized if companies used the credits to fill the emissions gap between their scope 3 reductions targets and current emissions.
VCMI has established guardrails to further promote integrity in the new claim and prevent greenwashing, including:

Making the First VCMI Claims
The launch of the ‘Carbon Integrity’ brand and the MRA Framework is a significant milestone, enabling companies to initiate their first VCMI claims.
The ‘Carbon Integrity’ Claims is a distinct brand for such claims with a tagline “accelerating global net zero”. They signify that corporations are actively propelling the achievement of that goal.
The brand showcases a unique mark used across the Carbon Integrity Claims, with variations denoting the type of Claim—Silver, Gold, or Platinum.

The newly released guidelines aim to assist companies in effectively communicating their attainment of Carbon Integrity Claims.
On the other hand, the new MRA Framework serves as a mechanism for companies to substantiate their claims. Under this framework, companies provide details satisfying the Claims Code’s Foundational Criteria, setting the standard for optimal corporate climate action.
Additionally, companies must disclose essential information concerning the carbon credits used to support their claims. This information will then undergo independent verification by a third party, reinforcing the credibility of the Carbon Integrity Claims.
Consequently, the MRA Framework forms the foundation of authority that upholds the authenticity and credibility of Carbon Integrity Claims within the VCMI framework.
The VCMI Claims Code of Practice serves as a rulebook outlining how companies can ethically use carbon credits within credible, science-aligned pathways toward achieving net zero decarbonization. By establishing this guidance, VCMI aims to cultivate trust and bolster confidence in how companies participate in voluntary carbon credit markets.
The post VCMI Unveils New Rules for Net Zero Using High-Integrity Carbon Credits appeared first on Carbon Credits.
Carbon Footprint
What Scope 3 looks like traced back to the land
For most companies, the largest figure in the carbon inventory is not the office, the vehicle fleet, or the electricity bill. It sits upstream, in the goods and materials a business buys to make and sell its products. These purchased inputs form the bulk of a company’s Scope 3 emissions, which routinely exceeds everything the business controls directly, and can add up to 90% of their global footprint.
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Carbon Footprint
Unlike A.I., climate change’s existential threat is not hypothetical. It is killing people now.”
Leah Stokes, professor of environmental politics at U-C, Santa Barbara, in New York Times, The Big Threat Has Been Climate Change. Now Comes A.I., Sept. 22.
Carbon Footprint
Why I’m Pro-Nuke Now: Beginning
I composed this essay over much of 2026, as I was writing Beyond Vogtle — my detailed study (co-authored with James Boucher) of U.S. nuclear costs from the 1980s post-Three Mile Island reactors to the Vogtle 3 and 4 units completed earlier in this decade. It traces my journey from nuclear power doubter to proponent.
My story is both general and personal: what was changing in the wide world of nuclear power, energy policy and climate; and how I viewed those changes. I hope this mode of story-telling resonates with a wide audience and also provide a backdrop to “Beyond Vogtle.”
It’s in three parts.
Detail from 1979 rally poster. Full poster appears below.
The first installment begins at the big Washington rally called to mark the Three Mile Island reactor accident, and covers the recession of nuclear dread, the advent of virtually always-on reactor operation, and nuclear’s status as the least carbon-emitting energy supply technology.
Installment #2 begins with the failure (to date) of carbon tax advocacy — “A Climate Cure No One Wanted” — and continues with the closure of Indian Point and the concurrent slow dissolve of my dream that renewable energy could do it all.
The third and final installment begins with a slight detour in which I contrast the appalling human damage from automobility with nuclear power’s increasingly remote dangers, and then return to energy policy with a fresh way to regard nuclear power’s potential contribution to decarbonizing U.S. grids.
Thank for reading. Enjoy. And be sure to look at Beyond Vogtle: What History Tells Us About the Cost of New Nuclear (yes, that’s the full title).
— C.K.
* * * * * * * * *
I’m pro-nuclear power. Big time.
I don’t just want the U.S. to keep running its 95 extant reactors. I want us to build more. Lots more. Hundreds.
I’m not alone. Public opinion is shifting toward nuclear power. But I came to that conclusion after spending years arguing the other side. From the mid-1970s to the late 1980s, I published a raft of critical analyses that got a good deal of public attention ― and even some traction within the nuclear industry itself. My core argument was that the cost of building nuclear plants was rising much faster than the costs of competing sources of energy. The main driver, I said, was a cascade of safety-requirement changes triggered by widespread fears of reactor accidents.
Here’s the full poster.
That work earned me a speaking spot at the massive May 6, 1979 rally in Washington demanding a halt to reactor construction in the wake of the March 28 meltdown at Three Mile Island in Pennsylvania. In the weeks before the rally, my research was cited in hundreds of news stories. At the Capitol, I stood alongside consumer advocate Ralph Nader, the leading figure in the U.S. antinuke movement; actress Jane Fonda, whose new film, “The China Syndrome,” had eerily foretold the Three Mile Island meltdown; and folk-rock icon Jackson Browne. I told the cheering throng that nuclear power was finished.
Cost overruns and canceled reactor projects were putting billions of dollars on the line, and I spent much of the next decade in courtrooms all over the country, explaining patiently to utility regulators why investors, not customers, should bear those losses. I eventually moved on to other public policy work, sparking big-city bicycling and helping bring congestion pricing to New York. But I kept watching nuclear power and the broader energy landscape. Over time, what I saw led me to turn from skeptic to supporter. Here’s why, in eight parts.
1. Fear and Dread Recede
Ask 100 random people today what “TMI” means, and at least 90 will say “Too Much Information.” Maybe one will mention the 1979 accident at Three Mile Island.
That’s a real shift.
The 1970s were commercial nuclear power’s first decade, and the Three Mile Island accident brought it to a terrifying close. Sixty hours into the slow-unfolding crisis, as fears grew that a “hydrogen bubble” in the reactor might explode and rupture the containment dome, CBS Evening News anchor Walter Cronkite captured the nation’s dread: “The world has never known a day quite like today. It faced the considerable uncertainties and dangers of the worst nuclear power plant accident of the atomic age. And the horror tonight is that it could get much worse.”[1]
The stricken reactor was eventually stabilized. But a combination of soaring costs and public apprehension brought an end to nuclear power’s rapid expansion in the United States.
Cronkite’s warning was about Three Mile Island itself, but it seemed to foreshadow more disasters to come. Yet since 1979, the U.S. nuclear industry has accumulated nearly 20 times as much reactor operating experience as it had built up in its entire history before the meltdown, without a sequel.[2] Like the dog that didn’t bark, this quiet fadeout of reactor calamities is an overlooked shift ― and it is prompting a rethink of long-held certitudes about nuclear power.
With each passing year there are fewer people who grew up with dread from Cold War-era A-bomb drills and weapons test fallout that got bundled into nuclear power. There are more young people like Zeke, a Brooklyn high-schooler who in 2019 went to Battery Park City to greet climate activist Greta Thunberg after her sail-powered trans-Atlantic voyage, but who this past May called fears about nuclear power “over-exaggerated.”[3] (Thunberg herself has said that Germany made a mistake by phasing out its nuclear plants, since it led to a sharp rise in coal-fired electricity.)
I’ve heard the same sentiment in hundreds of casual conversations over the past decade ― at climate rallies and on Trader Joe’s checkout lines, in California and in New York. These conversations suggest that the oppositional currents that once compelled federal nuclear regulators to keep piling on costly new safety requirements are losing force.
2. Permanent Peak Performance
Even before construction costs began to soar in the 1970s, nuclear power had another Achilles heel: spotty operating performance.
Throughout the 1970s and 1980s, the U.S. nuclear power sector struggled to maintain even a 60 percent “capacity factor” ― a measure of how much of a plant’s potential output it generates. That’s a dismal rate for equipment that’s expensive to build. I know this because I researched and wrote the first full-length study of shortfalls in U.S. nuclear plant performance, in 1976.[4]
That started to change in the mid-1980s. Plants finished safety upgrades required after Three Mile Island. The industry began sharing best practices ― and mistakes to avoid. Economic incentives helped too, as utility earnings became tied to how often plants actually ran.
A remarkable turnaround, though seldom credited in climate and nuclear discourse.
The turnaround has been dramatic. Since 2000, U.S. nuclear plants have averaged 90 percent capacity factor ― a huge leap from the earlier 60 percent. In effect, downtime has dropped four-fold, from 40 percent of the time to just 10 percent. Repair jobs and retrofits that used to drag on are now precision-scheduled like the train heist in “Breaking Bad.”
The higher reliability brings a huge symbolic benefit. In the 1970s, U.S. reactors seemed to stumble from one fiasco to the next. In Alabama, a technician using a lit candle to locate an air leak started a fire that burned through a thousand cables and knocked two brand-new reactors offline for 19 months. At some ocean-cooled plants, saltwater corroded delicate heat-transfer tubes, forcing protracted repairs. Profits and industry morale took a beating, and nuclear power became a punchline on “The Simpsons.”
Those days are long past. Nuclear power, uniquely, has blossomed into both grid bulwark and climate hero. Thanks to those higher ― much higher! ― capacity factors, each nuclear plant now displaces 50 percent more carbon-emitting power generation than it used to.[5] In fact, at a 90 percent capacity factor, a kilowatt of nuclear power delivers double or triple the climate benefit of a kilowatt of wind power (which averages 30 to 40 percent capacity factor) and roughly five times that of solar (15 to 20 percent) ― a crucial distinction that’s often missing from gushing coverage of renewable energy.
3. Climate to the Fore
Nuclear power’s newfound operational mastery would matter much less but for the urgency of the climate crisis and the persistence of U.S. and global carbon emissions. Like wind and solar, nuclear power generates electricity without burning carbon.
Squint to see that nuclear lifecycle greenhouse gas emissions range from 5.1 to 6.4 (in g CO2 equivalent per kWh); analogous range for solar-PV is 7.4 – 83.0; wind, 7.8 – 23.0. Source, Dinon et al., in report linked in this section’s second paragraph.
It is true that fossil fuels are implicated in nuclear power’s supply chain. Uranium mining uses petroleum, and enriching nuclear fuel requires electricity. But even counting upstream carbon, nuclear power’s climate footprint is smaller than that of wind, solar or hydropower, according to an authoritative 2022 analysis by a multinational team for the UN Economic Commission for Europe. (Their finding matched that of the similarly comprehensive 2018 report by the UN-chartered Intergovernmental Panel on Climate Change.[6])
That’s another big change. In nuclear power’s early years, uranium fuel enrichment was so energy-intensive that the three U.S. “gaseous diffusion” plants were said to consume 10 percent of all electricity used by American factories. But diffusion enrichment has given way to gas centrifuges and, more recently, laser isotopic separation ― methods that use 20 times less energy to isolate fissile U-235 from U-238.
The bottom line: kilowatt-hour for kilowatt-hour, nuclear-generated electricity is at least as effective as solar and wind at cutting climate pollution. Meanwhile, Hurricane Katrina, Superstorm Sandy, “heat domes” and wildfires, and, in August, the first Himalayan glacial collapse, have made once-hypothetical climate death and disruption a daily reality. More than rising electricity demand from A.I., it’s the climate crisis that’s driving renewed interest in nuclear power.
Click here for the second installment, Why I’m Pro-Nuke Now: Beginning.
[1] Quoted passage is from a local (PA) news site, though the an archived Channel 2 broadcast it cited is no longer on line.
[2] The sole “near-miss,” and a major one, was the 2002 discovery by operators at the Davis-Besse nuclear plant near Toledo, OH of extensive corrosion of the reactor vessel head — a vital barrier against loss of coolant and release of radiation. The U.S. General Accounting Office sternly rebuked the Nuclear Regulatory Commission for failing to identify and prevent the corrosion. See GAO, Nuclear Regulation: NRC Needs to More Aggressively and Comprehensively Resolve Issues Related to the Davis-Besse Nuclear Power Plant’s Shutdown, GAO-04-415, May 2004.
[3] In-person conversation at People’s Policy Conference at the New School for Social Research in New York, May 2, 2026.
[4] C. Komanoff, Power Plant Performance: Nuclear and Coal Capacity Factors and Economics (15 MB pdf), Council on Economic Priorities, 1976.
[5] Dividing today’s 90% uptime by the former 60% yields 1.50, indicating 50 percent more kilowatt-hours per kW.
[6] IPCC Annex III report, Technology-Specific Cost and Performance Parameters, 2018. See table on p. 1333.
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