This Strategy Roadmap provides an important overview of carbon market options, opportunities, risks, and priority actions which will help guide further policy development in Fiji and provides a basis for its interactions with new market-based opportunities. Carbon markets are meant to be an additional means to increase investment in sustainable development.
It is designed for use by policymakers, project developers, investors, land and resource owners, credit buyers, local communities, and other relevant stakeholders to shape their potential interaction with carbon market mechanisms.
It contains five chapters:
- Chapter 1: A market vision, priorities and principles co-designed with multi- stakeholders.
- Chapter 2: Fiji’s NDC targets, existing financing options, potential roles for high-integrity carbon markets, and the current state of play of carbon projects.
- Chapter 3: Opportunities and risks, both general and specific to Fiji’s local contexts.
- Chapter 4: Strategic considerations and options for engagement with carbon markets.
- Chapter 5: Key pillar action items to enhance market readiness in Fiji, encompassing legal, governance, community benefits and landowner rights, partnerships, and finance.
