When the rhe rulebook for countries' climate action is redrawn redrawn will be affected their ambitions and with it laws, investments and climate targets. This in turn has an impact on whether carbon offsetting is additionalt, i.e. that financing through emission credits has a decisive effect on whether measures would be implemented or not.

The main standards for carbon offsetting, Gold Standard and Verra, present are currently how work on carbon offsetting will continue under the Paris Agreement. To continue to maintain a high level of environmental integrity is high on the agenda. The changes proposed show in several ways how the carbon offset market may develop in the future.

Three promising trends in the carbon offset market:

1. Complementing countries' climate action: Unlike the Kyoto Protocolollet, all countries that have signed the Paris Agreement will have to set targets, known as Nationally Determined Contributions (NDCs). This places new demands on cooperation between government and voluntary actors implementingntering climate action. Det is important important that companies in richer countries do not pick low-hanging fruit and leaving the measures that are most costlymy to countries with fewer resources. Here comes additionality will play an important role in defining activities that would not have occurred under the countries' own climate targets.

2. renewed focus on additionality and vulnerability: According to UN studies, there is a large gap between countries' commitmentsand the IPCC recommendations. This also also places higher demands on that carbon offset projects truly are additional oand crucial for climate benefitsn. A new way of thinking about this is vulnerability or vulnerability. It means that you to a greater extent assess projects based on how dependent they are on funding from carbon offsets.

3. an increased focus on negative emissions and natural climate solutions: I the most realistic scenarioserna we will not only have to reduce our greenhouse gas emissions but also sequester carbon from the atmosphere. In 2019, there was a huge increase in interest in natural climate solutionsand now there is an work within the major standards to develop new methodologies for different types of carbon sequestration in areas such as mangroves, agriculture and land use.

Since Article 6 of the Paris Agreement (which describes the systemand for emissions trading) has not yet been finalized we cannot know for sure how voluntary marketmarket will develop in the in the future. At ZeroMission we have long worked with carbon offsetting with a focus on projects in forestry- and land use and always with thethe greatest possible positivea impact on a sustainable development locally. This is done through the projects we work with under the Plan Vivo standard, Fairtrade Climate Standard and Gold Standard.

We are of course pleased that the major international players in carbon offsetting are also moving in this direction!

Learn more about: What is the relevance of Article 6 for voluntary carbon offsetting? through our seminar.