This Anti-Corruption Helpdesk brief was produced in response to a query from a U4 Partner Agency. The U4 Helpdesk is operated by Transparency International in collaboration with the U4 Anti-Corruption Resource Centre based at the Chr. Michelsen Institute.
Query
What kind of corruption risks does the carbon market pose? What strategies can be used to mitigate these risks?
Purpose
To provide an overview of the corruption risks in the carbon market and assess some of the strategies in place to mitigate these risks.
Content
- The carbon market and how it works
- Environmental integrity in the carbon market
- Financial integrity in the carbon market
- Conclusion
- References
- Further reading
Summary
As a new market with a developing architecture, the carbon market has proven susceptible to corruption and other integrity risks. These risks are significant, because any attempt to undermine the carbon market jeopardises one of the major elements of our global response to climate change.
This paper examines these risks and the carbon market’s vulnerability in terms of both its environmental and financial integrity.
It concludes each section with an overview of some of the mitigation strategies in place to reduce corruption and ensure that the carbon market functions to fulfil its ultimate aim: to reduce greenhouse gas emissions.
Authors
Rebecca Dobson, Independent researcher, [email protected]Reviewers
Marie Chene, Transparency International, [email protected];Lisa Elges, Ph.D., Transparency International, [email protected];Dieter Zinnbauer, Ph.D., Transparency International, [email protected]Date
14/09/2015
