An international nonprofit seeking to expand the use of carbon markets to address climate change published a guide Tuesday to help nations and other groups establish and regulate the markets.
The Carbon Markets Access Toolkit tries to address problems that have caused a huge contraction in the voluntary carbon market since 2023 as research increasingly questioned whether market-funded projects actually address climate change.
The Voluntary Carbon Markets Integrity Initiative published a 90-page guide aimed at “ensuring integrity” in the market — a quality it calls “essential to unlocking” market potential.
“The Toolkit was developed in response to a clear need from policymakers for clarity on how to engage with carbon markets,” Bianca Gichangi, regional lead for Africa at the markets initiative, said in an email. “Many countries are eager to participate in carbon markets but unsure where to start.”
