The entry into force of the Paris Agreement presents opportunities for increased voluntary action, and it also raises important questions for the voluntary market, due to the very different nature of the Kyoto Protocol – under which the voluntary market developed. The transition from one agreement to the other therefore raises important questions such as:
- What options exist under the Paris Agreement to promote voluntary action?
- How can the Paris Agreement rule book enable those options in ways that prevent double counting, respect environmental integrity, promote sustainable development, and enable the flow of private sector capital in support of mitigation and adaptation
- How can Article 6 provisions be developed to provide an enabling framework for voluntary action?
ICROA has released a white paper on “Scaling Voluntary Action within the Framework of the Paris Agreement”. This sets out the opportunities and challenges facing the voluntary market, and presents ICROA’s initial thoughts on addressing these important questionsClick here to download the white paper.