The interplay between voluntary and compliance carbon markets: Implications for environmental integrity

This paper investigates the interplay between voluntary and compliance carbon markets, with a focus on the environmental integrity implications. It explores carbon trading under Article 6 of the Paris Agreement as well as in the voluntary carbon market. It outlines a rapidly changing market environment for carbon credits, filled with potential opportunities and risks for the global net-zero transition. Finally, the paper advises governments on how they can strategically engage with carbon credit markets to make them more effective in abating GHG emissions.