Publication:
Country Perspectives: Opportunities and Challenges for International Voluntary Carbon Markets in the Context of the Paris Agreement

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dc.contributor.authorPartnership for Market Readiness
dc.date.accessioned2021-05-05T20:53:02Z
dc.date.available2021-05-05T20:53:02Z
dc.date.issued2021-04
dc.description.abstractThe Paris Agreement, with its universal requirement on all countries to submit nationally determined contributions (NDCs), marks a significant change for the framework of international cooperation through carbon markets. With all countries committing themselves to climate action to reduce emissions and achieve their NDCs, the ability to exert exclusive claims over the emission impact from carbon market investments and count them towards emission targets is becoming increasingly complicated. This study seeks to understand perspectives of potential host countries on the role international voluntary carbon markets might play in the context of their NDCs and the Paris Agreement. In doing so, it explores emerging issues and challenges these markets may face and clarifies key aspects host country governments may need to consider in relation to their market participation. The study takes voluntary carbon markets to refer to carbon market transactions that are undertaken by entities on a voluntary basis and not as a result of any policy-related regulatory requirements. Recent years have already seen traditional distinctions between voluntary and regulatory markets break down as standards bodies and the push for environmental and social co-benefits begin to cross the old boundaries. And increasingly, companies are adopting net-zero emission targets, which has been accompanied by a surge of interest and investment in the voluntary carbon market. Indications are that voluntary action and voluntary demand for credits is on an upward trajectory and expected to witness substantial growth in the coming years. A greater understanding of host countries’ roles in international voluntary carbon markets, aligned with the Paris Agreement, will help to build on this momentum.en
dc.identifierhttp://documents.worldbank.org/curated/en/863921619677611679/Country-Perspectives-Opportunities-and-Challenges-for-International-Voluntary-Carbon-Markets-in-the-Context-of-the-Paris-Agreement
dc.identifier.doi10.1596/35538
dc.identifier.urihttps://hdl.handle.net/10986/35538
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectCARBON MARKET
dc.subjectINTERNATIONAL EMISSION TRADING
dc.subjectNATIONALLY DETERMINED CONTRIBUTIONS
dc.subjectGREENHOUSE GAS EMISSIONS
dc.subjectCLIMATE CHANGE MITIGATION
dc.subjectEMISSIONS TRADING
dc.subjectCARBON POLICY
dc.subjectCLIMATE FINANCE
dc.titleCountry Perspectivesen
dc.title.subtitleOpportunities and Challenges for International Voluntary Carbon Markets in the Context of the Paris Agreementen
dc.typeTechnical Paperen
dc.typeDocument techniquefr
dc.typeDocumento técnicoes
dspace.entity.typePublication
okr.crossref.titleCountry Perspectives
okr.date.disclosure2021-04-29
okr.date.doiregistration2025-04-28T07:17:58.796056Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/863921619677611679/Country-Perspectives-Opportunities-and-Challenges-for-International-Voluntary-Carbon-Markets-in-the-Context-of-the-Paris-Agreement
okr.guid863921619677611679
okr.identifier.externaldocumentum090224b088543fc1_1_0
okr.identifier.internaldocumentum33035647
okr.identifier.report158652
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/863921619677611679/pdf/Country-Perspectives-Opportunities-and-Challenges-for-International-Voluntary-Carbon-Markets-in-the-Context-of-the-Paris-Agreement.pdfen
okr.topicEnvironment::Carbon Policy and Trading
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicEnvironment::Climate Change and Environment
okr.topicEnvironment::Environmental Economics & Policies
okr.unitClimate Change Fund Management (SCCFM)
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