The Role of Carbon Markets in Supporting Sustainable Development and Climate Action – Experience from Germany
Conversation among representatives from national governments, NGOs, private sector and the UNFCCC secretariat to raise awareness about and promote the benefits of carbon market mechanisms for sustainable development through the presentation of the experiences of different actors/stakeholders involved in voluntary carbon markets.
Date: 22 September 2021
Time: 17:00 -18:00 CET / 11:00-12:00 NYC
Participation: open to the general public
Registration: here
Objective
To encourage private sector companies to participate in the voluntary carbon markets by sharing the rationale and benefits that participants in Climate Neutral Now and the Development and Climate Alliance have identified.
Background
The voluntary carbon markets have an enormous untapped potential to support climate action and sustainable development. As the climate emergency accelerates, using this tool, in addition to others, becomes even more urgent.
Climate action by the private sector is indispensable. Even when the response by the private sector has been growing in recent years, more can and must be done. The business case for climate action is clear: business cannot succeed in a society that fails. In addition, action on climate builds brand value, trust of customers, employee engagement and many other benefits for the company.
The voluntary carbon markets represent an opportunity for companies to do more on the response to climate change, to engage with their stakeholders, to strenghten their climate action/sustainability strategies, and to show leadership.