Mandy Rambharos, Vice President, Global Climate Cooperation
A high-integrity carbon market can play a significant role in reducing global greenhouse gas emissions. But carbon mitigation should not be the only ‘win’ that comes from the purchase of high-quality carbon credits. Benefits-sharing and social safeguards deliver the durability and longevity we need for any achieved emissions reductions, while paving the way for greater market integrity, effective environmental management, and empowerment of communities most vulnerable to the adverse effects of climate change.
Yet, the economic value of benefits-sharing is chronically overlooked, including within the latest draft guidance on fair and equitable trading of voluntary carbon credits from the Commodity Futures Trading Commission (CFTC).
Benefits-sharing omitted from key regulations
During COP28, the CFTC issued…
Read the full article originally published at blogs.edf.org.