The Indo-Pacific Carbon Offsets Scheme has reached a new milestone by developing 4 draft design principles.
The scheme is an Australian Government strategy to support climate action in the Indo-Pacific. Australia will partner with countries in the region to develop a carbon market that supports emissions reduction projects.
We are co-designing the scheme with partner countries, the private and not-for-profit sectors, and industry stakeholders.
The Carbon Market Institute hosted the first co-design workshop for the scheme on 19 October. Stakeholder feedback helped us develop the following draft principles to guide the scheme design. The principles will be refined as we keep consulting with our partners.