Masterclass in International Carbon Markets

By the end of this Masterclass participants will be able to:

• Understand the distinction between voluntary and compliance carbon markets, as well as the ways in which they intersect
• Critically assess opportunities for and barriers to the net zero alignment of such systems
• Understand the latest developments in international carbon markets under the Paris Agreement and how they may evolve in future
• Navigate tools to assist with understanding the complexities of carbon market practice

Session One 

• Introduction to Masterclass in International Carbon Markets
• Review of the diversity of compliance carbon markets and effects on global decarbonisation
• Understand the origins of and evolution within voluntary carbon markets

Session Two

• Overview of the distinction between different types of carbon credits and projects on the carbon market today, including the difference between avoidance, reduction and removals, and different kinds of removal projects
• Introduction to revised Oxford Principles of Net Zero Aligned Carbon Offsetting and how they are relevant to IFIs, MDBs and other policymakers.

Session Three

• Overview of the emerging internationalisation of voluntary and compliance markets enabled via Article 6 of the Paris Agreement
• Exploration of the specific progress, potential and pitfalls each mechanism under Article 6 holds
• Examination of the role of international carbon markets in addressing international aviation and maritime emissions

Session Four

• Future of carbon market developments, implications for specific project types, and the carbon markets ecosystem as a whole
• Review of tools to help critically assess opportunities and risks, introduction to key tools such as a carbon credit rating agencies, insurance and project databases
• Brief summary of course and opportunity for final Q&A