ADB: Legal Blueprint for Developing and Regulating Carbon Markets: Guidance for Law and Policymakers
SDG 13: Climate Action
SDG 17: Partnerships for the Goals
Institutions: Ministry of Environment, Forest and Climate Change
This report provides policymakers and legal drafters with a structured framework for developing national carbon crediting laws. It identifies nine essential legal elements - such as definitions, institutional frameworks, methodologies, transparency, enforcement, and international linkage provisions - required to ensure integrity and investor confidence in carbon markets.
The report draws on global best practices, offering a modular approach suitable for countries establishing domestic schemes or integrating with international standards. It outlines legal options to authorise carbon credits, ensure measurement consistency, prevent double counting, and match supply and demand through appropriate registry mechanisms.
For officials aiming to build high-integrity, scalable carbon markets, this document offers actionable legal architecture that can be tailored for Indian jurisdiction. Its recommendations align market design with national climate commitments and mobilising private capital through clear legal structures.
Follow the full report here:
https://www.adb.org/sites/default/files/publication/1070406/legal-blueprint-carbon-markets.pdf