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The voluntary carbon market has really taken off in the last few
years, with the adoption of the Paris Agreement in 2016 and the
Glasgow Climate Pact of 2021. It has been fueled also by numerous
new net-zero emission commitments by governments and
corporates.
Key takeaways
There’s a lot of uncertainty around the legal nature of
voluntary carbon credits, including what title can be claimed in
them and what security can be taken over them
A two-tier voluntary carbon market labelling/pricing structure
may develop: one for credits that comply with Paris Agreement
rules, and another for credits that do not
The lack of market standard trading documentation for voluntary
carbon credits is both a hindrance and an opportunity
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