{"id":80359,"date":"2025-09-22T17:12:36","date_gmt":"2025-09-22T16:12:36","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication&#038;p=80359"},"modified":"2025-09-22T17:12:37","modified_gmt":"2025-09-22T16:12:37","slug":"policy-options-for-voluntary-carbon-markets-in-wales","status":"publish","type":"publication","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/policy-options-for-voluntary-carbon-markets-in-wales\/","title":{"rendered":"Policy Options for Voluntary Carbon Markets in Wales"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p>This policy briefing outlines the lessons that Wales can learn from other countries which have developed policies, schemes and regulations to better govern Voluntary carbon markets (VCMs). The report includes analysis of four case studies &ndash; Australia, Finland, Portugal, and Scotland &ndash; reflecting different governance structures, market maturity, and potential for land-based mitigation.&nbsp;<\/p>\n\n\n\n<p>The briefing was prepared by Wales Centre for Public Policy (WCPP) at the request of the Welsh Government. WCPP commissioned LSE Consulting, using staff from the Grantham Research Institute on Climate Change and the Environment, to review international approaches and identify policy options.<\/p>\n\n\n\n<p><strong>Mercer, L., Kuci, S., and Macquarie, R. (2025). Policy options to engage with Voluntary Carbon Markets. Cardiff: Wales Centre for Public Policy.<\/strong><\/p>\n\n\n\n<p><a class=\"link link--external\" href=\"https:\/\/wcpp.org.uk\/publication\/policy-options-for-voluntary-carbon-markets-in-wales\/\" aria-describedby=\"link-description-new-window\" target=\"_blank\" rel=\"noopener\" title=\"\">External link to publication&#65279;<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 16 16\" role=\"img\" aria-hidden=\"true\"><path d=\"M14.42 1.04L3.2.7a.8.8 0 00-.8.76v.1a.8.8 0 00.76.7l9.39.3L.93 14.16c-.3.3-.3.8 0 1.1l.09.08c.3.23.73.2 1.01-.07L13.65 3.65l.29 9.4a.8.8 0 00.8.76.79.79 0 00.77-.8L15.17 1.8a.82.82 0 00-.75-.76z\" fill=\"#2e3152\"><\/path><\/svg><\/a><\/p>\n\n","protected":false},"excerpt":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p>This policy briefing outlines the lessons that Wales can learn from other countries which have developed policies, schemes and regulations to better govern Voluntary carbon markets (VCMs).<\/p>\n\n","protected":false},"author":12,"featured_media":0,"template":"","tags":[4337,2186],"publication-type":[1682],"topic_area":[4694],"class_list":["post-80359","publication","type-publication","status-publish","hentry","tag-voluntary-carbon-markets","tag-wales","publication-type-policy-publications","topic_area-policy-evaluation"],"acf":{"show_translations_widget":{"ref_value":"field_6203d588c41e8","value":"0","type":false,"post_type":""},"downloads":{"ref_value":"field_52f16cc1a80f2","value":false,"type":"repeater","post_type":""},"rss_newsletter":{"ref_value":"field_54f5c2c1544d8","value":"","type":false,"post_type":""},"profile_link":{"ref_value":"field_52f164b5189e9","value":["leo-mercer","rob-macquarie"],"type":"relationship","post_type":"profile"},"spotlight":{"ref_value":"field_52f80896506d3","value":"","type":false,"post_type":""}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Policy Options for Voluntary Carbon Markets in Wales - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/policy-options-for-voluntary-carbon-markets-in-wales\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Policy Options for Voluntary Carbon Markets in Wales - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"This policy briefing outlines the lessons that Wales can learn from other countries which have developed policies, schemes and regulations to better govern Voluntary carbon markets (VCMs).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/policy-options-for-voluntary-carbon-markets-in-wales\/\" \/>\n<meta property=\"og:site_name\" content=\"Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-22T16:12:37+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/policy-options-for-voluntary-carbon-markets-in-wales\\\/\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/policy-options-for-voluntary-carbon-markets-in-wales\\\/\",\"name\":\"Policy Options for Voluntary Carbon Markets in Wales - Grantham Research Institute on climate change and the environment\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\"},\"datePublished\":\"2025-09-22T16:12:36+00:00\",\"dateModified\":\"2025-09-22T16:12:37+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/policy-options-for-voluntary-carbon-markets-in-wales\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/policy-options-for-voluntary-carbon-markets-in-wales\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/policy-options-for-voluntary-carbon-markets-in-wales\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Publications\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/?post_type=publication\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Policy publication\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/?publication-type=policy-publications\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Policy Options for Voluntary Carbon Markets in Wales\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\",\"name\":\"Grantham Research Institute on climate change and the environment\",\"description\":\"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Policy Options for Voluntary Carbon Markets in Wales - Grantham Research Institute on climate change and the environment","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/policy-options-for-voluntary-carbon-markets-in-wales\/","og_locale":"en_GB","og_type":"article","og_title":"Policy Options for Voluntary Carbon Markets in Wales - Grantham Research Institute on climate change and the environment","og_description":"This policy briefing outlines the lessons that Wales can learn from other countries which have developed policies, schemes and regulations to better govern Voluntary carbon markets (VCMs).","og_url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/policy-options-for-voluntary-carbon-markets-in-wales\/","og_site_name":"Grantham Research Institute on climate change and the environment","article_modified_time":"2025-09-22T16:12:37+00:00","twitter_card":"summary_large_image","twitter_misc":{"Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/policy-options-for-voluntary-carbon-markets-in-wales\/","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/policy-options-for-voluntary-carbon-markets-in-wales\/","name":"Policy Options for Voluntary Carbon Markets in Wales - Grantham Research Institute on climate change and the environment","isPartOf":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website"},"datePublished":"2025-09-22T16:12:36+00:00","dateModified":"2025-09-22T16:12:37+00:00","breadcrumb":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/policy-options-for-voluntary-carbon-markets-in-wales\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/policy-options-for-voluntary-carbon-markets-in-wales\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/policy-options-for-voluntary-carbon-markets-in-wales\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/"},{"@type":"ListItem","position":2,"name":"Publications","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication"},{"@type":"ListItem","position":3,"name":"Policy publication","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?publication-type=policy-publications"},{"@type":"ListItem","position":4,"name":"Policy Options for Voluntary Carbon Markets in Wales"}]},{"@type":"WebSite","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/","name":"Grantham Research Institute on climate change and the environment","description":"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"}]}},"taxonomies":{"post_tag":["voluntary carbon markets","Wales"],"publication-type":["Policy publication"],"topic_area":["Policy evaluation"]},"_links":{"self":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication\/80359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication"}],"about":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/types\/publication"}],"author":[{"embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/users\/12"}],"version-history":[{"count":1,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication\/80359\/revisions"}],"predecessor-version":[{"id":80360,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication\/80359\/revisions\/80360"}],"wp:attachment":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/media?parent=80359"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/tags?post=80359"},{"taxonomy":"publication-type","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication-type?post=80359"},{"taxonomy":"topic_area","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/topic_area?post=80359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}