The State of Voluntary Carbon Markets in the Pacific
The State of Voluntary Carbon Markets in the Pacific aims to provide an overview of key factors for actors considering engaging with or investing in Pacific carbon market activities.
The report findings include
Voluntary carbon markets (VCMs) in the Pacific are small and nascent but have been growing rapidly in the context of the region’s significant carbon mitigation potential.
The majority of registered projects are in forestry and energy production/conservation and have employed ad hoc approaches to project development that have achieved mixed results.
There are opportunities for VCMs to support, conserve, and recognise the added value and contribution of Indigenous people, knowledge, and places in the Pacific.
Report authored by Sustineo.