The issue takes up the debate on the challenges of the voluntary carbon market, which has to find new approaches to ensure that voluntary action supports real additional activities that go beyond existing host countries’ climate plans as laid down in the NDCs.
Series of Booklets – Carbon Pricing Instruments: No. 1
The booklet "Starting Point for the Deployment of Carbon Pricing Mechanisms in Chile" describes the initial situation for the deployment of carbon pricing mechanisms in Chile, starting with the introduction of a green tax in 2017, which fundamentally expanded the set of tools available for environmental management. The main purpose of the green tax is to support and complement measures to reduce local air pollution and mitigate greenhouse gas emissions.
Series of Booklets – Carbon Pricing Instruments: No. 2
The booklet "Institutional Structure of Carbon Pricing Instruments in Chile" addresses the technical and institutional challenges that the implementation of the first green taxes in Chile presented, particularly with respect to the development and implementation of a measurement, reporting and verification (MRV) system.
Series of Booklets – Carbon Pricing Instruments: No. 3
The booklet "Creation and Implementation of a Measurement, Reporting and Verification (MRV) System" deals with the design and implementation of a measurement, reporting and verification (MRV) system. Such a mandatory reporting platform was implemented as part of Chile's first eco-taxes in 2017.
Series of Booklets – Carbon Pricing Instruments: No. 4
The booklet "Capacity Building and Strengthening (public and private sector)" addresses the challenges posed by the development and subsequent enactment of Chile's first ecotax in 2017. The implementation of the ecotax presented a major regulatory, institutional, and technical challenge that required capacity building both within the public sector and among stakeholders affected by the tax.
The booklet "Options for a mix of Carbon Pricing Mechanisms in Chile" addresses the question of how policy instruments should be designed and implemented to be mutually supportive and consistent with national policy goals. It discusses these challenges and options in light of Chile's introduction of a carbon tax in 2017, which was a first step in using market mechanisms to transition to carbon neutrality, which the country aims to achieve by 2050.
The new discussion paper, with inputs from and for the Carbon Market Mechanisms Working Group, explores the ongoing discussions around setting crediting baselines for Article 6 market-based cooperation while securing NDC achievement and aligning carbon markets with long-term decarbonisation pathways.
UBA report on the use of allowances for voluntary compensation
This report analyzes the merits and challenges of emission allowances (allowances) from emissions trading systems (ETS) as an alternative source of supply for voluntary offsetting of greenhouse gas emissions.
Implications for environmental integrity of carbon markets under Article 6 of the Paris Agreement
This research paper analyses and evaluates options addressing the challenges which single-year targets present if countries use international carbon markets to achieve their Nationally Determined Contributions (NDCs) under the Paris Agreement.