Global Financial Integrity

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Voluntary Carbon Credit Market in Colombia: An Analysis in Light of Transparency and Integrity

The report analyzes the voluntary carbon credit market in light of transparency and integrity, focusing specifically on REDD+ projects developed in the Colombian Amazon. It seeks to contribute to the identification of possible corruption risks and to offer recommendations aimed at improving the scheme’s current conditions and mitigating the consequences of possible irregular practices.

Climate change is arguably one of the most significant challenges facing global governance, endangering the rights of people today and future generations. Reports from the Intergovernmental Panel on Climate Change (IPCC) emphasize the need for drastic reductions in greenhouse gas (GHG) emissions to limit global warming to 1.5°C. Achieving this goal requires coordinated and intensified global action to mitigate the catastrophic effects of climate change and foster adaptation and resilience, particularly in vulnerable
communities.

In this context, various mechanisms have been promoted globally to reduce greenhouse gas (GHG) emissions, particularly by countries that are part of the United Nations Framework Convention on Climate Change (UNFCCC). Notably, the carbon credit market traces its origins to the Kyoto Protocol, adopted in 1997, which introduced market-based mechanisms for managing climate change, such as the Clean Development Mechanisms (CDM) and Joint Implementation (JI).

Encuentra la versión del informe en español aquí.