Future role for voluntary carbon markets in the Paris era

The report examines the transition of voluntary carbon markets into the Paris Agreement era, specifically assessing how to prevent 'double counting' where emission reductions are claimed by both voluntary offsets and national targets. It identifies three potentially viable models—contribution claims, NDC crediting, and non-NDC crediting—and recommends focusing on challenging mitigation options and countries with ambitious Nationally Determined Contributions (NDCs) to maximize climate impact.

• The risk of 'double counting'—where the same emission reduction is used for both voluntary offsetting and a country's Paris Agreement target—could result in the voluntary carbon market having a negligible or even negative overall impact on the climate.
• The analysis identifies three potentially viable models for voluntary carbon markets in the Paris era: 'contribution claim', 'NDC crediting', and 'non-NDC crediting', noting that their relative attractiveness may shift as countries increase the scale of their NDCs.
• To maximize climate impact and mitigate risks, the report recommends that voluntary markets prioritize project activities that represent challenging mitigation options and target host countries that have ambitious NDC targets.

APA

NewClimate Institute (2020). Future role for voluntary carbon markets in the Paris era. http://www.newclimate.org/resources/publications/future-role-for-voluntary-carbon-markets-in-the-paris-era

Chicago

NewClimate Institute. Future role for voluntary carbon markets in the Paris era. 2020. http://www.newclimate.org/resources/publications/future-role-for-voluntary-carbon-markets-in-the-paris-era.

Wikipedia

{{cite report |author=NewClimate Institute |title=Future role for voluntary carbon markets in the Paris era |date=24 November 2020 |url=http://www.newclimate.org/resources/publications/future-role-for-voluntary-carbon-markets-in-the-paris-era |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{newclimateinstitute2020future, author = {{NewClimate Institute}}, title = {{Future role for voluntary carbon markets in the Paris era}}, institution = {NewClimate Institute}, year = {2020}, month = nov, url = {http://www.newclimate.org/resources/publications/future-role-for-voluntary-carbon-markets-in-the-paris-era}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }