How Carbon Credits are Certified Could Change the Market Structure

John M. Crespi, Stéphan Marette
January 2022  [22-PB 37]

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Suggested citation:

Crespi, J. and S. Marette. 2022. "How Carbon Credits are Certified Could Change the Market Structure." Policy brief 22-PB 37. Center for Agricultural and Rural Development, Iowa State University.


Executive Summary

While there is much discussion about the need for viable carbon credit markets with well-defined credible certification, there is also a need to consider the impacts of the costs of certification on the structure of those markets. This policy brief provides background to the consideration of how certification costs might influence the industrial structure of the certification industry and how firms compete with each other.