This guidance document has been developed to help host countries develop a strategic approach for engaging in international carbon markets. The seven-module document is designed to help countries explore and answer fundamental questions regarding their participation in international carbon markets. It aims to help countries unlock the potential these markets offer to mobilize financing to support climate and wider developmental objectives, while managing risks. It identifies options, evaluates strengths and weaknesses, and supports informed decision making.
As a follow-up to the "Navigating Decisions in Carbon Markets" framework, this guidance also aims to address fragmentation in the capacity building landscape and was co-developed with the Paris Agreement Article 6 Implementation Partnership (A6IP), the Global Green Growth Institute (GGGI), the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the Integrity Council for the Voluntary Carbon Market (ICVCM), the United Nations Development Programme (UNDP), the United Nations Framework Convention on Climate Change (UNFCCC), and the Voluntary Carbon Markets Integrity Initiative (VCMI).
