The Dialogue is funded by the Nordic Council of Ministers’ Working Groups for Climate and Air (NKL) and Environment and Economy (NME).įor more information, please visit: Voluntary compensation of greenhouse gas emissions The Dialogue is managed by Perspectives Climate Research gGmbH and facilitated by an international team of leading climate experts from Perspectives Climate Research, IVL Swedish Environmental Research Institute, Carbon Limits and Tyrsky Consulting.
The Dialogue brings Nordic public and private actors together to co-create recommendations and action points for a Nordic best practice approach to voluntary compensation, drawing on and complementing relevant international and national initiatives. Non-offset uses of mitigation outcomes are when an actor pays for mitigation outside of their value chain but does not use this to counterbalance their carbon footprint. Offsetting is the purchase and ownership of mitigation outcomes to counterbalance an actor’s carbon footprint. In the context of the Dialogue, voluntary compensation includes both offsetting and non-offsetting use of mitigation outcomes (emission reductions or removals). It fosters a common understanding of key issues and concepts and alignment with the principles and long-term goals of the Paris Agreement and the United Nations Sustainable Development Goals.
Specifically, the Dialogue aims to promote the high integrity, coherence and transparency of voluntary compensation. The Nordic Dialogue on Voluntary Compensation (“the Dialogue”) aims to inform Nordic and international stakeholders on using voluntary compensation of greenhouse gas (GHG) emissions as part of efforts towards and beyond carbon neutrality.