The Climate Change (Carbon Markets) Regulations, 2024

5. Carbon markets principles

Edition: 2024-06-07 · In force

The implementation of carbon markets under these Regulations shall ensure that—

(a)each transaction in a carbon project results in the additional reduction or removal of greenhouse gas emissions;

(b)mitigation outcomes reported under these Regulations are accounted for in tonnes of carbon dioxide equivalent;

(c)emissions from carbon projects are kept out of the atmosphere for a reasonable length of time in accordance with the relevant carbon standards;

(d)emission reductions and removals are carefully recorded and documented for each offset scheme; and

(e)each carbon project adheres to environmental integrity.