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What Makes a High-Quality Carbon Credit?

Three entities - World Wildlife Fund, Environmental Defense Fund and Oeko-Institut - are developing a “Carbon Credit Guidance for Buyers” to guide buyers of carbon credits amidst a complex market. The project is implemented in four phases:

  • Phase 1 - criteria are identified for assessing the quality of carbon credits

  • Phase 2 - develop and test a methodology for assessing carbon credits

  • Phase 3 - application of the methodology to different carbon credits; and

  • Phase 4 - combine the Phase 3 results with additional recommendations to produce the “Carbon Credit Guidance for Buyers”.

This paper presents an updated set of criteria based on the input received during a stakeholder consultation held between November 2019 and January 2020. It also includes definitions for key terms such as "Carbon credit", "Corresponding adjustment", "Double counting", "Double issuance", "Leakage", "Non-permanence" and "Results-based climate finance", among a few others. Click to read it.



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 CARBON CREDIT MARKETS

“Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less.”

“I am among those who think that science has great beauty”

Madame Marie Curie (1867 - 1934) Chemist & physicist. French, born Polish.

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