Building Domestic Voluntary Carbon Markets

With a growing focus on the environment, countries are looking at carbon markets to meet the carbon-cutting requirements of Nationally Determined Contributions (NDCs), to pursue voluntary cooperation in order to hit their climate targets in line with Article 6 of the Paris agreement, and to tap into private-sector finance. National governments are building the capacity and legal frameworks to participate in the global carbon trade. Coordination and alignment with best practice and existing mechanisms is needed to boost transparency, integrity and buyer confidence.

Because of differences between countries in land ownership, social structures, tax and regulatory regimes and carbon pricing, detailed discussion is required to align with internationally accepted standards and best practices. The need to bring in money from governments and the private sector worldwide should be balanced with building domestic technical capacity and mechanisms to ensure benefit-sharing and safeguards for communities. The design and implementation of carbon registries will have to be customised to local contexts to help improve integrity and ensure carbon markets are positioned to channel financial resources to projects for the long term.

This Financial Times webinar in partnership with DAI explored steps needed to align domestic voluntary carbon markets to ensure both long-term transparency and integrity. With a focus on land-based carbon projects, speakers discussed how the market can be developed to boost buyer confidence and protect the planet. 

Challenges and Success Stories

What are the key challenges governments face while establishing their domestic carbon markets? What are some examples of success stories?

Safeguarding Local Communities

How do we ensure local communities are safeguarded in carbon sequestration and carbon reduction projects?

Aligning Methodologies

In what ways could carbon credit verification methodologies be aligned or customised to boost transparency and buyer confidence? 

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