VCM Global Dialogue publishes five discussion papers with supply-side perspectives on the voluntary carbon market

VCM Global Dialogue publishes five discussion papers with supply-side perspectives on the voluntary carbon market

Fulfilling the promise of the Paris Agreement will require the widespread adoption of more ambitious mitigation commitments and significantly scaled-up flows of finance, technology, and capacity to developing countries. The VCM Global Dialogue has now published five discussion papers that identify how voluntary carbon markets can drive mitigation activities that support national climate plans and local priorities, unlock greater levels of private investment and help motivate more corporates to reduce their emissions and neutralize their remaining emissions.

Four papers explore the perspectives of different VCM stakeholders including host country governments, project developers, REDD+ practitioners and corporate buyers. They identify an opportunity and need for strategic host-country government engagement with the VCM to mobilize climate action investments in developing countries that are aligned with their development priorities and mitigation targets. The papers also discuss the opportunities of scaling VCM programs to strengthen impact, and the importance of empowering local communities to benefit from the VCM as part of any VCM project. A fifth paper unpacks the technical arguments in the accounting debate, making the underlying drivers and assumptions of accounting transparent and examine them in light of developing country interests to benefit from the VCM.

The five papers are written by the VCM Global Dialogue author team, and based on a range of stakeholder consultations in the Asia-Pacific region, Africa and Latin America, which put the supply-side at the center of the conversation on how the voluntary carbon market can be best designed and deployed. Sandra Greiner and Carolina Inclan co-authored the discussion paper on the perspective of host country governments. Sandra Greiner is also the co-author of the discussion paper on accounting. Climate Focus leads the implementation of the VCM Global Dialogue, in collaboration with SSN, Transforma, and IRID and with the support of Verra.

You can find the five discussion papers at https://vcm-gd.org/stakeholder-consultation/.

Also, find our series of blogs on the findings of the VCM Global Dialogue at https://climatefocus.com/blog.