Demand for High Integrity Carbon Projects in the Pacific

Lessons from the Climate Resilient by Nature workshop 12 July 2023

The focus of this Brief is on the second workshop of the series, which was held on 12 July 2023. The workshop focused on trends in buyers’ demand for high integrity carbon credits, challenges and opportunities in the enabling environment for VCMs in the Pacific, and emerging biodiversity markets. The workshop built on the findings from the first workshop which considered supply side factors for designing and implementing high integrity carbon projects in the Pacific.

The workshop focused on the experiences of three carbon market organisations:

• Tasman Environmental Markets (TEM) is a developer and buyer of carbon offsets in the Asia-Pacific region.

• Plan Vivo is an international voluntary carbon standard run by a Foundation, with 28 active projects, including five projects across the Pacific and Timor-Leste.

• The Carbon Market Institute (CMI) is an independent member-based institute that seeks to facilitate best practice and integrity in carbon projects, and to develop and support policy and regulatory frameworks aligned with UNFCCC Paris Agreement climate goals.

This second workshop progressed discussions of what it means to develop carbon projects that can deliver benefits for Pacific communities. Key findings and lessons learned from the workshop are explored in this Brief.

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