Integration of carbon offsets and capture into emissions markets in Latin America and the Caribbean

The forests of Latin America and the Caribbean, crucial for biodiversity and the global climate, have suffered a loss equivalent to more than the area of ​​Peru in the last 30 years. The growing global demand for emissions reductions opens up financing opportunities for their conservation and restoration. This document reviews experiences and institutional frameworks for the use of forest offsets in carbon markets and proposes a way to effectively integrate them into voluntary and regulated markets. It recommends that states assume an active role in defining rules, evaluating results, and scaling up offsets toward national and subnational strategies with solid socio-environmental foundations and safeguards.