The Nordic Dialogue on Voluntary Compensation aimed to promote the high integrity, coherence and transparency of the voluntary use of carbon credits and related claims.
The Dialogue fostered a common understanding of key issues and concepts relating to voluntary carbon markets. It brought Nordic public and private actors together to co-create recommendations and action points for a Nordic best practice approach to the voluntary use of carbon credits, drawing on and complementing relevant international and national guidance and standards. The results of the Dialogue are summarised in the final report, including the Nordic Code of Best Practice for the Voluntary Use of Carbon Credits. This code synthesised ambitious requirements and recommendations put forward by international initiatives as well as inputs from Nordic stakeholders.
BACKGROUND & RATIONALE
The Dialogue started in June 2021 and concluded at the end of 2022. It was led by Perspectives Climate Research and supported by an international team of leading climate experts from IVL Swedish Environmental Research Institute, Carbon Limits and Tyrsky Consulting, as well as working group consisting of a range of voluntary carbon market stakeholders from all five Nordic countries. The Dialogue was funded by the Nordic Council of Ministers’ Working Groups for Climate and Air and Environment and Economy.