Title
A Ministry Playbook for Corresponding Adjustments: Pricing Strategies in Carbon Markets
Author(s)
David McLaughlin, Dylan McCall-Landry, Sarah Walker, and Stephanie Wang
Published
2024
Abstract
Nationally Determined Contributions (NDCs) are central to global climate action, and carbon markets can be a critical source of finance for achieving the goals of the Paris Agreement. Corresponding Adjustments (CA) credits can play a pivotal role in jurisdictions’ engagement with carbon markets, but governments must navigate complex decisions about issuing carbon credits and authorizing CAs. This paper provides key considerations for national governments, outlining how to strategically manage carbon finance, meet NDC targets, and assess the trade-offs between selling credits in the Voluntary Carbon Market (VCM) or authorizing CA credits.
Keywords
carbon markets; conservation finance; carbon credits; carbon finance
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