The Center on Global Energy Policy at Columbia University SIPA is pleased to host a virtual webinar with experts from Kenya, India, and Brazil to discuss and better understand the landscape of PCCM regulatory frameworks across countries.
Panelists include:
- Gautam Jain, Senior Research Scholar CGEP
- Luisa Palacios, Adjunct Senior Research Scholar CGEP
- Thiago Barral, Undersecretary for Implementation at the Secretariat of Carbon Markets, Ministry of Finance, Brazil Undersecretary for Implementation at the Secretariat of Carbon Markets, Ministry of Finance, Brazil
- Ressa Kombi, Climate Change Office in Charge of Carbon Markets, Kenya
- Aparna Sharma, Programme Lead of the Carbon Markets Team at the Council on Energy, Environment and Water (CEEW), India
Project-based carbon credit markets (PCCMs)—which enable the issuance, use, and trading of credits from projects that avoid, reduce, or remove greenhouse gas emissions—are emerging as a key tool for companies to meet several objectives, including emission-reduction targets, compliance obligations, investor expectations, and disclosure requirements. While PCCMs have been expanding, the pace of annual carbon credit issuance has slowed in the last couple of years due to integrity concerns.
To address this, the Integrity Council for the Voluntary Carbon Market (ICVCM) has proposed rigorous standards for the supply side, and the Voluntary Carbon Markets Integrity Initiative (VCMI) has done so for the demand side. But these standards are voluntary and, therefore, nonbinding. Establishing national regulation frameworks could provide enforceable safeguards to improve market trust by ensuring the environmental integrity of credits and help scale up the market.
