<p>COP29 stepped forward in operationalizing the critical Paris Agreement Article 6 mechanism, which poses new opportunities for forest-based carbon crediting projects. However, these projects, especially those with forest conservation activities, once deemed promising nature-based solutions to climate change, have been facing unique over-crediting challenges, which raised significant concerns in the public and academia. This paper provides recommendations for adopting a dynamic matched baseline accounting approach to enhance integrity and rebuild trust in the industry and the upcoming new global carbon market.</p>

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Avoiding over-crediting of forestry carbon offsets under the new global carbon market

  • Chunyu Pan,
  • Guomo Zhou,
  • John L. Innes,
  • John-O. Niles,
  • Frank Berninger,
  • Guangyu Wang

摘要

COP29 stepped forward in operationalizing the critical Paris Agreement Article 6 mechanism, which poses new opportunities for forest-based carbon crediting projects. However, these projects, especially those with forest conservation activities, once deemed promising nature-based solutions to climate change, have been facing unique over-crediting challenges, which raised significant concerns in the public and academia. This paper provides recommendations for adopting a dynamic matched baseline accounting approach to enhance integrity and rebuild trust in the industry and the upcoming new global carbon market.