New Carbon Market Guidance for Host Countries

VCMI published guidance for host countries of VCM projects to develop a clear and stable regulatory environment.

The Voluntary Carbon Markets Integrity Initiative (VCMI) has published its voluntary carbon market (VCM) Access Strategy Toolkit, which provides guidance for host countries of VCM projects to develop a clear and stable regulatory environment.

Developed in partnership with Climate Focus and the United Nations Development Programme (UNDP), the toolkit outlines how to integrate VCM finance into countries’ plans to meet nationally determined contributions (NDC) commitments, as well as offering insights into how policymakers can work with development partners to implement the rules necessary to be recognised under Article 6 of the Paris Agreement.

It was launched at the May 2023 VCMI Country Contact Group Meeting, which brings together government representatives from across the globe to submit their feedback to VCMI’s ongoing efforts to introduce more rules and guide rails for VCMs.

Mark Kenber, VCMI’s Executive Director, said: “As it stands, few countries have clear strategies for engaging effectively with voluntary carbon markets.”

“The launch of the VCM Access Strategy Toolkit continues our work of supporting host countries to access high-integrity VCMs, helping them to make the right decisions for them, and empowering them to reap the myriad of environmental, social, and economic benefits that carbon finance offers.”

Read more articles like this on Regulation Asia’s sister publication, ESG Investor.

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