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The voluntary carbon market : what may be its future role and potential contributions to ambition raising? ; Discussion paper

  • This report explores the future role of the voluntary carbon market and its potential to contribute to raising the ambition of climate policy. For this purpose, desk research was complemented by interviews with voluntary carbon market representatives. The report finds that the current roles of the voluntary market are set to change fundamentally due to the Paris Agreement. For the future of the voluntary market as an investor, three roles were identified, each of which is associated with specific challenges: The market may maintain its current role of buyer of carbon neutrality credits, it may become a supporter of NDC implementation, or it may become a driver of ambition. With regard to the future role of private certification standards,This report explores the future role of the voluntary carbon market and its potential to contribute to raising the ambition of climate policy. For this purpose, desk research was complemented by interviews with voluntary carbon market representatives. The report finds that the current roles of the voluntary market are set to change fundamentally due to the Paris Agreement. For the future of the voluntary market as an investor, three roles were identified, each of which is associated with specific challenges: The market may maintain its current role of buyer of carbon neutrality credits, it may become a supporter of NDC implementation, or it may become a driver of ambition. With regard to the future role of private certification standards, the Paris Agreement may hold the possibility of using such standards in the context of compliance activities. Overall, the findings indicate that the voluntary market has some potential to contribute to ambition raising. Whether this potential will actually be unlocked depends on how the concept of ambition raising will be operationalized under the Paris Agreement and to what degree it can be integrated into the voluntary market's activities and business models.show moreshow less

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Metadaten
Document Type:Working Paper
Author:Nicolas Kreibich, Wolfgang Obergassel
URN (citable link):https://nbn-resolving.org/urn:nbn:de:bsz:wup4-opus-73964
Publisher:German Emissions Trading Authority (DEHSt)
Place of Publication:Berlin
Year of Publication:2019
Pagenumber:35
Language:English
Division:Energie-, Verkehrs- und Klimapolitik
Dewey Decimal Classification:320 Politik
Licence:License LogoIn Copyright - Urheberrechtlich geschützt