This virtual Ecosystem Marketplace Insights Briefing will discuss how governments are engaging with carbon markets, focusing on both Article 6 and voluntary carbon markets. The webinar will feature speakers from The Nature Conservancy, Gold Standard, and the Voluntary Carbon Markets Integrity Initiative (VCMI), who will explore the role of project developers and host countries in carbon markets. They will also share insights from current pilots and legislation around the world.
The Nature Conservancy will present an Article 6 Explainer report that provides guidance on what Article 6 is and what was decided at COP27 in 2022. The report addresses questions regarding the delay in countries trading under Article 6 and how nature and REDD+ fit into it. They will also discuss the impact of Article 6 on the Voluntary Carbon Market.
The Nature Conservancy will also present a report titled “To Trade or Not to Trade,” which discusses key decisions around Article 6 trading. It focuses on the concept of “corresponding adjustments” and how countries can evaluate the risks and opportunities of trading. The report includes case studies of Article 6 implementation and explores the intersection of the voluntary carbon market with Article 6 trading.
The Voluntary Carbon Markets Integrity Initiative (VCMI) aims to enable high-integrity voluntary carbon markets that deliver real benefits to the atmosphere and support climate policies and regulation. They offer the VCMI Claims Code, which provides rules for companies to make credible climate claims using carbon credits. They also provide the VCM Access Strategy Toolkit, which offers guidance for countries on engaging in high-integrity voluntary carbon markets.
Gold Standard manages standards for activities that deliver positive impact for climate change and sustainable development. They can certify mitigation outcomes generated and transferred internationally under the Paris Agreement. They have been actively involved in shaping discussions on Article 6 and have developed support mechanisms for the market. They recently implemented the Early Mover Programme to support high integrity initial applications of Article 6 and to map the state of Article 6 preparations in major markets worldwide.
Overall, this briefing aims to provide insights into how governments are engaging with carbon markets and the opportunities and challenges they face. It will explore the role of project developers, host countries, and international organizations in facilitating the transition to a low-carbon economy.