Towards an EU policy agenda for Voluntary Carbon Markets

Abstract

The future of Voluntary Carbon Markets (VCM) remains uncertain as environmental quality concerns, trust issues and market fragmentation prevents the emergence of a sizeable and liquid market. VCM growth will depend largely on better market organisation and oversight, and on strengthening environmental integrity. This policy brief diagnoses problems and outlines the EU’s actions that could contribute constructively to the further development of VCM and attainment of the goals of the Paris Agreement.