Ministerial Declaration on Carbon Markets

Date:  22 December 2015

At the Paris climate change negotiations (COP 21), New Zealand led a Ministerial Declaration on Carbon Markets that was endorsed by 17 other countries. This Declaration sends a clear signal that carbon markets, which are included in Article 6 of the new Paris Agreement, will have a strong role after 2020. It states that interested countries will work together to develop standards and guidelines for using market mechanisms that ensure environmental integrity and avoid any double-counting or double-claiming of emissions reduction units. This gives countries, and investors, more confidence that carbon markets will be underpinned by robust standards in future years.

View the Declaration on Carbon Markets

Any country wanting to support the declaration can contact the Ministry at climatechange@mfe.govt.nz