Technical Guidance Note on Ecosystem Governance for Carbon Markets Infrastructure: Assessment and Recommendations

The "Technical Guidance Note on Ecosystem Governance for Carbon Markets Infrastructure: Assessment and Recommendations" is one of five guidance notes prepared by the Carbon Markets Infrastructure Working Group (CMI WG). This note aims to inform robust governance across carbon market systems. It highlights governance priority areas identified by the CMI WG, including clarification of roles among key actors, the independence of VVBs, and harmonized terminology to support transparency, trust, and interoperability. Through a stocktake of global initiatives, a mapping of ecosystem functions accompanied by a glossary of terms, and strategic recommendations, the note aims to support stakeholders in strengthening institutional safeguards and align with evolving market requirements.