Finance for Biodiversity (F4B) has published a new governance model for the voluntary carbon markets.
The proposals encourage the adoption of three key governance principles:
- Whole-system governance which connects the carbon value chain at every level
- Complete transparency to ensure the integrity of projects, transactions and market outcomes
- The promotion of inclusive participation, especially for Indigenous People
F4B also argues that nature markets require stronger and more innovative governance than typical financial markets.
Adapted from an article in F4B