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ARTICLE · 29 DECEMBER 2022

Voluntary Offset Markets For Carbon (and Other GHGs)

The general idea of these markets is that projects of various types transform their greenhouse gas (GHG) sequestration capacity into tradable credits. The projects relate to the creation...

PortugalEnvironment

At a time when the fight against climate change is on the agenda of governments, institutions and economic operators, the voluntary carbon markets have been attracting more and more interest as a way to pursue this fight1.

It is expected that, in the near future, legislation regulating this matter will be approved, both at national and European level.

The general idea of these markets is that projects of various types transform their greenhouse gas (GHG) sequestration capacity into tradable credits. The projects relate to the creation, reinforcement or maintenance of forests, the implementation of renewable energy or marine prairies or other “blue carbon” projects, etc. To achieve carbon neutrality, operators and citizens can acquire these credits and thus offset their GHG emissions. This is particularly important in sectors where reducing emissions is functionally or technologically more difficult (hard-to-abate sectors).

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