VCMI: New report sets out policy options to strengthen domestic carbon credit markets

VCMI and Climate Focus published a policy report guiding governments on building and scaling domestic carbon credit markets. It examines instruments countries have successfully used to attract investment, driving demand and increasing supply of high-quality credits, against a global annual climate finance gap of $1.3 trillion. Measures include developing a government carbon market strategy, a legal framework covering Article 6 and voluntary markets, agency capacity building and a national registry; mandating credit purchases as a penalty for missing emissions targets; tax credits and exemptions; national certification programmes and project subsidies.
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