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Voluntary markets for carbon offsets are growing rapidly. By some estimates, they will need to grow 15-fold by 2030 to support the investment needed to limit warming to 1.5 degrees. These markets allow carbon-emitting companies to purchase credits to offset emissions, with credits awarded to projects that remove atmospheric carbon dioxide or reduce future emissions.
While the scope for corruption in these markets has long been a concern, corruption risks are evolving as the sector rapidly expands. This project will analyse the evolving risks inherent in the sector’s verification, certification and anti-money laundering/know your customer (AML/KYC) requirements. In doing so, we hope to make a targeted contribution to a pressing gap in the anti-corruption evidence base.