Climate Impact Partners responds to the Coalition to Grow Carbon Markets’ Policy Playbook
At COP31 in Antalya, the Coalition to Grow Carbon Markets launched its Policy Playbook. It’s a practical guide for governments on how they can support and grow corporate demand for high-integrity carbon credits, setting out eight policy levers they can use.
It was launched alongside the Antalya Statement on Mobilising Private Finance for Climate Action, signed by 14 countries to highlight the role of policy implementation in growing private sector investment in international carbon credit markets.
Climate Impact Partners’ External Affairs Director, Chris Duck, shared his views on the update:
"This is billed as the implementation COP, and the Coalition’s Policy Playbook is exactly the kind of tool it needs. Moving from principles to practical recommendations is a welcome next phase. But a playbook only matters if it is used.
The real test of the Playbook is whether governments, turn these levers into domestic policy, because that is what will unlock corporate demand at the scale required. Governments globally will be watching the Coalition members to see what they put into practice.
We want to see a first mover on IETA’s proposed safe harbour, and more countries following the lead of countries like Singapore’s which has implemented tax deductions for carbon credit and EAC purchases.
Governments now have better recommendations for how to act, and they need to do so."
Want to know what COP31 means for your climate strategy?
Join our post-COP31 webinar on 1 December. We’ll unpack the biggest outcomes from Antalya, including the Policy Playbook, the UK government’s response on voluntary carbon and nature markets, and what’s next for Article 6. We’ll also look at what it all means for companies purchasing carbon credits.
