Towards standards and guidelines on environmental integrity in international carbon markets

This page has information on work towards standards and guidelines on environmental integrity in international carbon markets.

Effective international carbon markets can help to scale up mitigation action. It is vital that these markets have environmental integrity.

The New Zealand government is committed to ensuring the environmental integrity of any offshore reductions used to meet emissions reductions targets, if international carbon markets are used in the future. 

New Zealand officials have been working with their counterparts (including through the Ministerial Declaration on Carbon Markets) towards standards and guidelines for environmental integrity in international carbon markets.

This document is a work-in-progress draft of a resource for practitioners to use when designing and implementing market mechanisms.

It is:
•    not government policy
•    not yet standards or guidelines, rather it provides information on  key environmental integrity concepts and considerations.

This early-stage work was shared at COP24 in Katowice to inform negotiations on Article 6 of the Paris Agreement. 

We welcome further feedback from experts and interested parties – to be directed to environmentalintegrity@mfe.govt.nz
 

Reviewed:
18/04/19