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Domestic carbon credit mechanisms: how do they stack up?

  • BeZero Carbon

  • Domestic carbon credit mechanisms, with methodologies specified or defined by governments, are proliferating globally. Many of these mechanisms produce credits eligible for compliance schemes.

  • It is critical that governments set high standards for project-level information disclosure within these mechanisms to enable third-party scrutiny and incentivise a “race to the top”.

  • We have assessed several of the most significant domestic carbon credit mechanisms against six key areas where we believe information disclosure is vital, including carbon accounting, retirement disclosures and co-benefits.

Contents

  • Integrating carbon credits into compliance schemes

  • Carbon market design - avoiding mistakes of the past

  • Tonne-for-tonne accounting

  • Assessing existing schemes - six factor framework

  • Traffic light threshold tests for relevant parameters

  • How do domestic carbon standards stand up?

  • Conclusion

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