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Impact of the Voluntary Carbon Market on Tropical Forest Countries — Implications for Corresponding Adjustments Transfers
Jul 20, 2022
This report originally appeared on trove-research.com. MSCI acquired Trove Research — now known as MSCI Carbon Markets — in November 2023.
This study, funded by the Environmental Defense Fund, estimates the capacity of tropical forest countries to meet forecasted corporate demand for forest-based credits. Three scenarios are developed for host-country ambition and for future carbon-credit demand, over two periods: 2021-2030 and 2021-2050. The study finds that growing corporate demand for carbon credits could significantly aid tropical forest countries in achieving their national climate targets with potential implications for applying corresponding adjustments under Article 6 of the Paris Agreement.
The supplementary report (Country Profiles and Preparedness) provides further analysis of the willingness and readiness of the 12 tropical forest countries in the study to implement corresponding adjustments.
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