This brief explores two different types of carbon markets: baseline-and-credit mechanisms, which are primarily structured around offsetting and enable trade in certified emissions reductions between countries and companies (an example being the Clean Development Mechanism –CDM); and cap and trade schemes or emissions trading systems (ETS), which
Many of the tropical forest countries that have made important progress over the past 10 years to reduce emissions from deforestation and forest degradation and sustainably manage forests (a set of actions collectively known as REDD+) are now assessing how to strategically engage in carbon markets as a source of much needed finance to deliver th
This publication discusses how carbon pricing instruments can be designed to help achieve net-zero greenhouse gas (GHG) emission targets while enabling economic recovery from the coronavirus disease (COVID-19) pandemic.
This paper analyses net-zero emissions targets adopted in law, proposed in legislation, or reflected in policy documents in 51 countries and the EU to better understand their characteristics, similarities and differences.
Putting a price on carbon can be an indispensable part of a country’s strategy to reduce emissions in an efficient way. Furthermore, putting a price on carbon through international carbon markets can also offer significant cost benefits and enable flexibility in achieving emission reduction targets.
A new report from Ecosystem Marketplace, shows that funding to conserve and increase carbon stored in forests around the world has more than doubled between 2016 and 2019. But authors say forest carbon finance still falls far short of what’s needed to counter global forest loss and support increased climate ambition.
This analysis shows that the vast majority of tropical forested countries seeking to benefit from international forest carbon markets have yet to define in law and in practice the rights of Indigenous Peoples, local communities, and Afro-descendant Peoples over carbon in their customary lands and territories.
Important mitigation outcomes and other co-benefits could be at reach if rural communities and policy makers in low- and middle-income economies overcame the obstacle of access to finance in the livestock sector.