See this section. I’m seeking clarity, after speaking to some negotiators in Bonn at the UN climate talks:
If project developers or buyers would like the host country to authorise carbon credits issued by independent private standards and apply a corresponding adjustment when these credits are transferred internationally, they ought to have the option to make such a request to the host country
However, the international transfer of credits without host country authorisation and corresponding adjustment is permitted, and countries should ensure that the emission reductions associated with those credits remain in the host country’s GHG emissions inventory and count towards the NDC of the host country.
In this manner, the voluntary carbon market would catalyse private capital to deliver significant carbon projects, avoiding double counting and other perverse incentives.