Photo: Made From The Sky / Unsplash.
Carbon crediting provides a framework to recognize activities that either reduce greenhouse gas emissions or increase carbon dioxide removals.
This guide provides an in-depth introduction to designing domestic carbon crediting mechanisms. It provides insights into the decision points for designing a crediting mechanism and explains how to tailor the mechanism to achieve domestic policy objectives.
Here we identify policy design options and, where possible, provide recommendations, drawing on existing examples of practices, with a particular emphasis on domestic systems.
Where policymakers have several viable options for a key design feature, the guide highlights the trade-offs policymakers need to consider.
Types of development benefits of carbon crediting projects. Graphic: World Bank.