A topic that was front-and-center at COP28 was the integrity and potential of carbon markets. They could be a game changer in advancing climate action. But they have to be trustworthy, transparent, result in real climate mitigation and bring tangible benefits if they are to make a real difference.
To assist with this, the FCPF has developed a carbon crediting standard for the quantification, monitoring, reporting, and verification of greenhouse gas emission reductions from REDD+ activities at the jurisdictional scale. This FCPF Standard has been designed to achieve climate action at scale by helping countries and the private sector to achieve mitigation goals under the Paris Agreement.
Read more on the FCPF Standard
World Bank carbon market resources:
Climate Action Game Changers series: Carbon Markets
World Bank COP28 Statement on unlocking high-integrity carbon markets
Video: Building Transparent and Inclusive Carbon Markets in Costa Rica
Publication: State and Trends of Carbon Pricing 2023