Harnessing voluntary carbon markets for climate ambition

Download or read book Harnessing voluntary carbon markets for climate ambition written by Ahonen, Hanna-Mari and published by Nordic Council of Ministers. This book was released on 2022-11-28 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Available online: https://pub.norden.org/temanord2022-563/ An increasing number of non-state actors are taking steps towards and beyond carbon neutrality and making claims about their contribution to global climate action. The voluntary use of carbon credits is one way to support more, earlier and faster climate action than what would be possible with own emission reductions alone, if high environmental and social integrity is ensured. The Nordic Dialogue on Voluntary Compensation brought together Nordic stakeholders to co-create guidance for the robust voluntary use of carbon credits in line with the long-term goals of the Paris Agreement and the UN Sustainable Development Agenda. This report summarises Nordic perspectives on best practice for the voluntary use of carbon credits and related claims, and recommendations for further Nordic cooperation in this field.