The Nordic Dialogue on Voluntary Compensation (“the Dialogue”) aimed to inform Nordic and international stakeholders on using carbon credits to voluntarily compensate for greenhouse gas (GHG) emissions as part of non-state actors’ efforts towards and beyond carbon neutrality.

Specifically, the Dialogue aimed to promote the high integrity, coherence and transparency of the voluntary use of carbon credits and related claims. A high-integrity carbon credit represents a real, additional and permanent emission reduction or removal (“mitigation outcome”) achieved outside of an actor’s boundaries or value chain. They can either help host countries in achieving their existing mitigation targets or help to reduce global net emissions above and beyond countries’ targets. Voluntary users of carbon credits may make public claims about contributing to national targets, offsetting the carbon footprint of their operations or products, or supporting global ambition-raising.

The Dialogue fostered a common understanding of key issues and concepts and alignment with the principles and long-term goals of the Paris Agreement and the United Nations Sustainable Development Goals. The Dialogue brought Nordic public and private actors together to co-create recommendations and action points for a Nordic best practice approach to the voluntary use of carbon credits, drawing on and complementing relevant international and national guidance and standards.

The Dialogue was managed by Perspectives Climate Research GmbH and facilitated by an international team of leading climate experts from Perspectives Climate Research, IVL Swedish Environmental Research Institute, Carbon Limits and Tyrsky Consulting. The Dialogue was funded by the Nordic Council of Ministers’ Working Groups for Climate and Air (NKL) and Environment and Economy (NME).


Working group

The Nordic Dialogue on Voluntary Compensation is supported by a Working Group, consisting of stakeholders from all Nordic countries. Key outputs of the Dialogue, such as the draft Nordic Code of Best Practice for Voluntary Compensation, are a result of a co-creation process with the Working Group. They do not, however, represent any formal position or consensus of the members of the Working Group or their organisations.

We are very grateful for the support and input received from the members of the Working Group, including:

Anna Denell, Vasakronan
Arnar Gauti Guðmundsson, Icelandair
Asbjørn Torvanger, CICERO
Ashley Farber, ZeroMission
Bård I. Hamre, Equinor
Bernt Nordman, WWF Finland
Claire Wigg
Elise Roc, Northern Lights
Filip Dessle
Guðmundur Sigbergsson, International Carbon Registry
Gunnlaugur Guðjónsson, Icelandic Forest Service
Hanne Siikavirta, Finnish Ministry of Environment
Haukur Logi Jóhannsson, Icelandic Standards
Heidi Aardal, International Carbon Registry
Jens Olejak, South Pole Sweden
Johan Eliasson, South Pole Sweden
Johan Møller Nielsen, Ministry of Climate, Energy and Utilities, Denmark
Johanna Niemistö, Finnish Environment Institute
John Nordbo, Care Danmark
Jyri Seppälä, Finnish Environment Institute
Karen Holm Olsen, UNEP Copenhagen Climate Centre
Kari Hämekoski, Nordic Environment Finance Corporation
Karin Bergbom, Ecolabelling Finland
Kati Kulovesi, Center for Climate Change, Energy and Environmental Law, University of Eastern Finland
Lasse Leipola, Finnwatch
Marianne Tikkanen, Puro.earth
Niklas Kaskeala, Compensate Foundation
Nina Elomaa, SOK
Ola Hansén
Peer Stiansen, Norwegian Ministry of Climate and Environment
Stig Schjølset, Zero
Senja Forsman-Katainen
Thomas Larsen, EatCO2
Ulrika Raab, Swedish Environmental Protection Agency
Ville Laasonen, Finnish Ministry of Environment



For FAQs on voluntary compensation and the Nordic Dialogue, head to our FAQ page here.