These Guidelines are primarily intended to provide governments with a strategic and holistic understanding of how the demand-side participants of the global emission reduction credit (ERC) markets perceive local policies and institutions in their ability to support the generation of high-quality ERCs.
For this reason, these guidelines take the view of parties, across both private and public entities, intending to invest in or purchase emission reduction credits from the target country and lay out the policy and institutional components that will be critical for such parties to make their investment and purchase decisions. Visit Objective of these Guidelines to learn more.
The Country System Assessment Framework was developed to address the overall objective of enabling international ERC-based financing from the generation, monitoring, and monetization of local ERCs.The Assessment Framework enables comprehensive evaluation of the given country’s ERC policies and institutional arrangements, and is followed by the Assessment Process to ensure that policy recommendations for ERC development and implementation are well-informed and aligned with the country’s decarbonization goals.
