Carbon markets have the potential to accelerate and deepen the emission reductions and removals we need to keep the world’s temperature increase below 1.5 degrees. However, if designed and governed badly, they can also undermine ambitious climate action and lead to claims of greenwashing. With experience in standard development, market design and governance and international and domestic carbon market policy, Climate Advisers’ starting point is that environmental robustness, integrity and transparency are the keys to successful large-scale and purpose-driven carbon markets. We offer our public and private sector clients advice and guidance on how to create and participate in high integrity carbon markets – including policy and project design and corporate strategy, and how to communicate this participation credibly.
Carbon markets have the potential to accelerate and deepen the emission reductions and removals we need to keep the world’s temperature increase below 1.5 degrees.
Explore some examples of our work in action below.
Climate Advisers staffs the Voluntary Carbon Market Integrity Initiative ( VCMI) by supplying an Interim Executive Director for External Affairs, shaping the initiative’s medium and long-term strategy, overseeing its technical outputs and communications strategy and leading engagement with stakeholders. The VCMI is a multi-stakeholder platform to drive credible, net-zero aligned participation in voluntary carbon markets.
Climate Advisers assists the Climate Vulnerable Forum-V20 Secretariat in advancing domestic carbon pricing mechanisms and accessing international sources of carbon finance with its members. The Vulnerable Twenty (V20) Group of Ministers of Finance of the Climate Vulnerable Forum is a dedicated cooperation initiative of economies systemically vulnerable to climate change. Climate Advisers’ support includes reviewing national Climate Prosperity Plans and advising on how carbon pricing could support their implementation, building carbon market knowledge and capacity and developing strategies through which CVF members can engage with carbon markets in a way that best supports their climate and sustainable development ambitions.
In partnership with Finance for Biodiversity Climate Advisers has supported the Taskforce for Scaling Voluntary Carbon Markets, a private sector initiative working to scale an effective and efficient voluntary carbon credit market to help meet the goals of the Paris Agreement, and subsequently the Integrity Council for Voluntary Carbon Markets, an independent governance body for the voluntary carbon market, on a range of issues – including transparency, whole system governance and inclusive participation – related to market governance and ensuring that voluntary carbon markets serve their public purpose of driving emission reductions and removals above and beyond those required by policy.