Verra’s founder David Antonioli has stepped down after 15 years at the helm of the carbon offset standards-setter, with the non-profit appointing a new interim CEO “to help better meet the markets’ growing demands”.

Antonioli has led the voluntary carbon markets certification body as CEO since 2007, overseeing the rapid growth of its Verified Carbon Standard Programme as increasing numbers or companies and organisations sought to use carbon credits to support corporate climate targets in recent years.

At the same time, the voluntary carbon market has faced growing criticism from environmental groups which continue to question the credibility of enabling companies to ‘offset’ their carbon emissions, as well as raising concerns that many offset projects may not deliver promised carbon savings.

Antonioli’s departure as Verra’s CEO was announced last night by the non-profit firm, which said he would continue to serve as a senior consultant to its board to help

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