Carbon market corruption risks and mitigation strategies
What kind of corruption risks does the carbon market pose? What strategies can be used to mitigate these risks?
As a new market with a developing architecture, the carbon market has proven susceptible to corruption and other integrity risks. These risks are significant, because any attempt to undermine the carbon market jeopardises one of the major elements of our global response to climate change.
This paper examines these risks and the carbon market’s vulnerability in terms of both its environmental and financial integrity.
It concludes each section with an overview of some of the mitigation strategies in place to reduce corruption and ensure that the carbon market functions to fulfil its ultimate aim: to reduce greenhouse gas emissions.
Dobson, R. Carbon market corruption risks and mitigation strategies. U4 Anti-Corruption Resource Centre, CMI, Bergen, Norway (2015) [U4 Expert Answer 2015: 11]