November 29, 2022
The final webinar of the Nordic Dialogue on Voluntary Compensation of Greenhouse Gas Emissions (“Dialogue”) took place on November 29, 2022, where the Dialogue's results were presented and the final report “Harnessing voluntary carbon markets for climate ambition” summarised. The event featured presentations by the project team, commentators, and a Q&A session with the audience.
On the final report
The final report of the Dialogue first discusses how the voluntary use of carbon credits can promote climate action. It outlines the Nordic perspectives on best practice for the voluntary use of carbon credits including a Nordic Code of Best Practice (“Code”). The Code provides a Nordic perspective on the current best practice for the voluntary use of carbon credits, synthesising ambitious requirements and recommendations put forward by relevant initiatives as well as inputs from Nordic stakeholders. The report derives some recommendations for further Nordic cooperation on promoting best practice for the voluntary use of carbon credits.
The final report can be found here: Harnessing voluntary carbon markets for climate ambition
On the Nordic Dialogue on Voluntary Compensation
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 final webinar slides can be found here: Final webinar slideset
The recording of the launch event of the public consultation can be found below:
June 8, 2022
On June 8, 2022, the draft Nordic Code of Best Practice for Voluntary Compensation of Greenhouse Gas Emissions was published for consultation. The consultation will be open to stakeholders and experts in Nordic countries until August 20, 2022.
The draft Code has been developed under the Nordic Dialogue on Voluntary Compensation, in cooperation with the Dialogue's Working Group. It provides a Nordic perspective on the best practice for voluntary compensation, synthesisng the most ambitious requirements and recommendations put forward by relevant national and international initiatives as well as inputs from Nordic stakeholders. It also includes a glossary of key terms and concepts.
Find the draft Code here: Draft Nordic Code of Best Practice for Voluntary Compensation
You can access the public consultation here: Consultation Form
The public consultation launch event slides can be found here: Launch event slideset
The recording of the launch event of the public consultation can be found below:
November 9, 2021
On November 9, 2021, the project team organised a joint side event with the Nordic Council of Ministers at the Nordic COP26 Pavilion with the title: "Towards and beyond carbon neutrality - What role for voluntary carbon markets?"
Panelists Helen Mountford from the Task Force on Net Zero Goals and Carbon Pricing, Mark Kenber from the Voluntary Carbon Market Integrity Initiative, Matti Kahra from Nordea and Kari Hämekoski of the Nordic Environment Finance Corporation explored how companies, organisations
and citizens can credibly support the
net-zero transition with their
action and the voluntary carbon
market. They also took on other questions during
the session, as well as the
concepts of carbon neutrality and
net-zero and the role of the
voluntary carbon markets in the
net-zero transition.
Find the recording of the event here:
October 28, 2021
Ahead of COP26 in Glasgow, we are excited to announce the release of a new Nordic report that explores the use of voluntary compensation by non-state actors in the context of their broader efforts towards and beyond carbon neutrality. The report explores how the concept and role of voluntary compensation, as well as related claims, are evolving in this new era of the Paris Agreement.
The report launch event held on October 28, 2021 outlined key messages of the report and reflected on Nordic Stakeholder views on voluntary compensation based on a survey and initial interviews.
Read the full report here: Voluntary Compensation of Greenhouse gas emissons: International Guidance and Initiatives
Find the report launch event presentation slides here: Report launch
Find the event recording below:
