Vanuatu hosts its first training on the Carbon Market this month, aimed at strengthening the country’s capacity and understanding global carbon market, including mechanisms under Article 6 of the Paris Agreement.

The Carbon Market is a trading system that allows companies to compensate for their greenhouse gas emissions where carbon credits are bought and sold.

The program had Built awareness of how carbon markets operate and their role in supporting climate action, Clarify institutional roles and regulatory frameworks for effective participation, ensuring safeguarding and integrity Supported the achievement of Vanuatu’s Nationally Determined Contribution (NDC) targets, Explored potential projects in renewable energy, forestry, and conservation that could generate carbon credits. Fostered dialogue and cooperation across government ministries, agencies, and stakeholders. By the end of the training, participants are expected to gain enhanced knowledge of carbon markets, a clearer understanding of institutional arrangements, and initial ideas for eligible emissions-reduction projects aligned with national priorities. The two-day training in Port Vila brings together representatives from the Climate Change Department, Energy, Forestry, and other government authorities, as well as key partners such as Live & Learn. Participants are learning how carbon markets operate, how they support climate action, the regulatory framework, and how Vanuatu can meet its Nationally Determined Contributions (NDCs).

The training is a milestone that will improve access to climate finance, protect ecosystems, support community development, and advance Vanuatu’s national climate goals.

The training is organized by the South Pacific Community (SPC) and the Regional Pacific NDC Hub, with support the Vanuatu government through the Department of Climate Change, Energy, the Environment and Water (DCCEEW) of Australia, and the Ministry of Foreign Affairs and Trade (MFAT) of New Zealand.