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There is growing interest in, and demand for, domestic carbon credits as they can provide a useful complement to other policy instruments such as carbon tax and emissions trading. However, designing a domestic crediting mechanism that balances high environmental integrity, low transaction costs and low administrative burden can be challenging.
This session shed light on the potential role of carbon crediting in a domestic context and highlight the main considerations for designing and governing a domestic crediting mechanism. Drawing from the PMR’s recent publication ‘A Guide to Developing Domestic Carbon Crediting Mechanisms’, this session also provided insights into key challenges, the decision points for designing a crediting mechanism, and how to tailor a mechanism to achieve domestic policy objectives.
Welcome Remarks: World Bank
Moderator: Pedro Barata, Partner Get2C
Expert Presentation: Marissa Santikarn, PMR Secretariat, World Bank - View Presentation