What makes a good carbon credit? Key issues for Article 6, CORSIA and the voluntary market
COP25, EU Pavillion: 3 December 2019 18:30 - 20:00
Demand for carbon credits is growing, arising from CORSIA, other compliance schemes such as CO2 taxes and emissions trading systems, and potentially from Article 6 of the Paris Agreement. Moreover, an increasing number of governments, organisations and individuals wish to voluntarily offset their emissions. Many potential carbon market stakeholders would like to ensure that carbon credits are of “high quality”. This event presents and discusses ongoing research and initiatives to guide users of carbon credits on how to identify high quality credits, and the importance of the underlying approaches and methodologies to setting crediting baselines. Speakers will first discuss the criteria and methodological approaches that could be used to assess the quality of carbon credits before turning to the role for baseline approaches and methodologies in ensuring environmental integrity, and the benefits and implications facing host Parties specifically under the Article 6.4.