The Body mandated by the Paris Agreement to set up a new UN carbon market has agreed mandatory environmental and human rights safeguards early into a five-day meeting in Baku.

The new rules mean environmental and social rights will be protected through a mandatory tool, known as the Sustainable Development Tool, that assesses and monitors project impacts throughout their lifespan.

“These new mandatory safeguards are a significant step towards ensuring that the UN carbon market we are building contributes to sustainable development without harming people or the environment,” said Maria Al Jishi, chair of the Supervisory Body responsible for implementing the Paris Agreement Crediting Mechanism.

The Body will review and update the tool every 18 months, continuously improving it based on feedback from stakeholders and building on safeguards over time.

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