Designing a risk-based system for the integration of GGRs into the UK ETS
While focused on the UK, the paper speaks to a much wider challenge facing carbon markets globally: how to scale removals via compliance schemes without treating credits as equally certain, permanent or fungible with established emissions allowances.
Drawing on evidence from other compliance schemes and the use of ratings in regulated financial markets, the report sets out practical models to build a more adaptive, information-rich framework for GGR integration.