Carbon markets are becoming an increasingly important tool in the fight against climate change. They create a financial incentive for companies to reduce their carbon emissions and provide a mechanism for trading carbon credits. Also, it can open up opportunities for emerging economies to collaborate with other countries. This week we had an interesting discussion with great speakers: Nicolas Kreibich (Wuppertal Institut, Senior Researcher Energy, Transport and Climate Policy), Jenni Kähkönen (Rud Persen Public Affairs, Legal Expert) and Verena Streitferdt (Tri Hita Consulting) with the title “Carbon Market & Article 6 Experiences – Reflection for Indonesia”.
During our engaging discussions, we explored the nuances of the Voluntary Carbon Market, including the challenges businesses face in ensuring transparency and credibility regarding carbon offsetting. We also dove deep into the intricacies of the Paris Agreement, particularly the market-based cooperation frameworks outlined in Article 6, emphasising the need to address double counting and highlighting the detailed methodologies in Article 6.4.
As a reflection on Indonesia, speakers agreed that Indonesia’s government needs to decide the carbon market set up and should be cautious of free carbon trading and that carbon reducing projects should also look for other green finance opportunities than solely the carbon market.
Full recording or presentation dec, please contact us info@trihita-consulting.com