The agricultural sector in Latin America and the Caribbean (LAC) holds great potential to attract private investment for climate action and resilience through the voluntary carbon market (VCM).
In fact, the growing prominence of the VCM is expected to unlock about $50 billion dollars of annual private finance by 2030 across all sectors. When governments create enabling environments for VCM investment, other key actors – like major donors, traditional cooperation agencies, and private philanthropies – can work better as partners in scaling up this important investment tool.
Given this context, Climate Focus launched a comprehensive policy brief aimed to help policymakers in LAC understand how high integrity voluntary carbon markets can support climate action and resilience in the region’s food production systems. This brief was developed with the Inter-American Institute for Cooperation on Agriculture (IICA) and the Voluntary Carbon Market Integrity Initiative (VCMI).
The brief covers:
- An overview of carbon markets and agriculture in LAC
- Carbon market opportunities in the agricultural sector in LAC
- How governments can facilitate VCM investments into agriculture and blue carbon