VCMI and Climate Focus publish report on strengthening domestic carbon markets
The Voluntary Carbon Markets Integrity Initiative (VCMI) and Climate Focus released a report on 16 September guiding governments on building and scaling domestic carbon credit markets. The report examines policy instruments countries can use to attract investment, drive demand, and increase the supply of high-quality carbon credits. It suggests measures such as developing government strategies, legal frameworks for Article 6 and VCMs, and national carbon registries. The publication also highlights successful implementations in Ghana, which established a carbon markets framework and registry, and South Korea, which integrated VCMs with its ETS and provided tax incentives. This initiative aims to help countries close the estimated $1.3 trillion annual climate finance gap.
Read the original at VCMI →This summary was written by carbon.fyi from the reporting linked above. It is not a quotation; cite the original source.