Voluntary Carbon Markets allow companies and organizations to voluntarily purchase carbon credits generated by projects that reduce, avoid or remove greenhouse gas emissions.
These credits can support corporate climate strategies, net-zero commitments and broader sustainability objectives.
Voluntary carbon markets can mobilize financing towards climate projects that may otherwise struggle to secure investment.
They can support sectors such as:
The credibility of voluntary carbon markets depends on robust standards, transparency and environmental integrity.
Key concepts include:
Article 6.2 of the Paris Agreement allows countries to cooperate internationally through the transfer of emission reductions known as Internationally Transferred Mitigation Outcomes (ITMOs).
These mechanisms aim to support global climate ambition while enabling countries to work together toward their climate targets.
Article 6.2 is expected to play an increasingly important role in international climate cooperation and climate finance mobilization.
It can facilitate:
Morocco is positioning itself among early movers in Article 6 implementation through cooperation agreements with several partner countries.
This creates opportunities for the development of credible climate projects aligned with national priorities and international standards.
Article 6.4 establishes a centralized international carbon market mechanism supervised under the United Nations framework.
The mechanism aims to support emission reductions while promoting sustainable development.
The operational framework of Article 6.4 continues to evolve as international negotiations and technical developments progress.
The mechanism is expected to play an important role in the future global carbon market architecture.
CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation) is the global carbon market mechanism developed by the International Civil Aviation Organization (ICAO) for international aviation.
It aims to stabilize emissions from international flights through carbon offsetting mechanisms.
CORSIA is expected to generate growing demand for eligible high-integrity carbon credits and increase the importance of robust market infrastructure and certification standards.
Compliance carbon markets are regulated systems where companies are legally required to monitor and reduce their greenhouse gas emissions.
These systems generally operate through:
Carbon pricing and compliance mechanisms are expanding globally as countries strengthen climate policies and decarbonization objectives.
This evolution is increasing the importance of carbon-related capabilities, emissions management and transition planning for businesses.
The Carbon Border Adjustment Mechanism (CBAM) is a European Union regulation designed to address carbon leakage by applying carbon-related requirements to certain imported products.
CBAM is expected to impact exporters operating in carbon-intensive sectors and increase the importance of emissions measurement, decarbonization and climate competitiveness.
It also creates new incentives for companies and countries to strengthen carbon management capabilities and accelerate transition efforts.
