The MAAP was developed by the World Bank and DNV GL Energy in May 2014. Since then, the team has undertaken an extensive consultation and review process with a range of expert groups, such as the International Institute for Sustainable Development (IISD) and the New Climate Institute, in order to continually develop and refine the MAAP’s methodology, as well as ensure the completeness and credibility of the assessments.
International carbon markets under the Paris Agreement are significantly different from those under the Kyoto Protocol. Under the Kyoto Protocol, only developed countries had greenhouse gas (GHG) emission reduction targets, and the protocol defined how carbon units could be traded across countries under international market mechanisms, such as the Clean Development Mechanism (CDM). By contrast, under the Paris Agreement both developed and developing countries are required to submit GHG mitigation goals as part of their nationally determined contributions (NDCs).
The SCF addresses challenges faced by CDM programs in the current crediting system, especially energy access programs in Africa. These include:
Compliance offsets are tradable credits that represent verified GHG emissions reductions or removal enhancements from sources not subject to a compliance obligation in the Cap-and-Trade Program. In addition to their climate and other environmental benefits, offset credits provide important cost containment and compliance flexibility for covered entities.
The framework document is divided into three volumes.
Each volume focuses on a specific mechanism under Article 6 of the Paris Agreement:
Volume 1 is the operational framework for Article 6.2 cooperative approach. It provides policy, regulatory and operational information on Ghana's engagement in the cooperative approach and the voluntary carbon market.
Volume 2 is the guide line for domesticating the Rules, Modalities, and Procedures (RMP) of the Article 6.4 mechanism.
The purpose of this policy is to outline the agency’s approach to handling Complaints. The policy and its associated processes have been developed to complement existing client service processes, meet the expectations of clients, stakeholders and the Commonwealth Ombudsman, and align with the Government’s Regulator Performance Guide.
The policy supports a culture of openness to feedback from our clients and stakeholders by actively providing transparent and accessible feedback management processes.
The ARB offset credit issuance table (Excel format) provides a list of offset projects developed under Compliance Offset Protocols and early action quantification methodologies that have been issued ARB offset credits. This table will be updated as specified at the top of this page to reflect the issuance of ARB offset credits to offset projects. Information on the project can be found by selecting the link in the Project Documentation column.
The Clean Energy Regulator administers national carbon markets for:
The ACCU Scheme offers landholders, communities and businesses the opportunity to run projects in Australia that avoid the release of greenhouse gas emissions or remove and sequester carbon from the atmosphere. It is enacted through the Carbon Credits (Carbon Farming Initiative) Act 2011 and the Carbon Credits (Carbon Farming Initiative) Rule 2015.
Building on the insights of “An outlook on the voluntary carbon market”, this report sets out a practical approach to participating in the voluntary carbon market.
This report shares market knowledge and experience gleaned from over 100 interviews, presenting a framework for companies as they develop offsetting strategies.
The report addresses some of the key questions businesses are asking today: