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This PwC report looks at how the patchwork of trading schemes that are emerging around the globe stacks up against the criteria of transparency, accountability and integrity.
Market mechanisms like emissions trading depend on trust and confidence. Key to this trust are the three central criteria of transparency, accountability and integrity. The PwC report Building Trust in Emissions Reporting looks at how the patchwork of trading schemes that are emerging around the globe stacks up against these criteria.
Despite good intentions across the board, the general picture is one of new and immature markets, inconsistent and complex compliance frameworks and risk. We make the case for urgent and coordinated action to develop a framework of generally accepted principles and practice that will underpin trust and efficiency in these new markets - in effect, a new Global Emissions Compliance Language.
We believe we have entered a phase of building worldwide trust in emissions trading and PwC has the capabilities to lead the way. We encourage you to share this report with your clients and targets.
Download: Building Trust in Emissions Reporting (PDF 3.09 MB)
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