LAW AND TECHNOLOGY

Study LXXXII – Digital Assets and Private Law (2020 – 2023)
Study LXXXIIA – HCCH-UNIDROIT Project on Law Applicable to Cross-Border Holdings and Transfers of Digital Assets and Tokens (2023)
Study LXXXVI – Legal Nature of Verified Carbon Credits (2022 – )

1st Working Group Meeting

The first meeting of the Working Group took place in a hybrid manner on 17 – 19 November 2020.

 

2nd Working Group Meeting

The second meeting of the Working Group took place in a hybrid manner on 16 – 18 March 2021.

 

3rd Working Group Meeting

The third meeting of the Working Group took place in a hybrid manner on 30 June – 2 July 2021.

 

4th Working Group Meeting

The fourth meeting of the Working Group took place in a hybrid manner on 2 – 4 November 2021.

 

5th Working Group Meeting

The fifth meeting of the Working Group took place in a hybrid manner on 7 – 9 March 2022.

 

6th Working Group Meeting

The sixth meeting of the Working Group took place in a hybrid manner on 31 August – 2 September 2022.

 

7th Working Group Meeting

The seventh meeting of the Working Group took take place in a hybrid manner from 19 to 21 December 2022.

 

8th Working Group Meeting

The eighth meeting of the Working Group took place in a hybrid manner from 8 to 10 March 2023.

At its 101st Session (Rome, 8-10 June 2022), the UNIDROIT Governing Council unanimously recommended the inclusion of a project on the Legal Nature of Voluntary Carbon Credits in UNIDROIT’s 2023-2025 Work Programme, with high priority (see paras 50-60, UNIDROIT 2022 – C.D. (101) 4 rev). The Governing Council’s recommendation was unanimously endorsed by the UNIDROIT General Assembly at its 81st session (Rome, 15 December 2022) (see paras 75-78, UNIDROIT 2022 – A.G. (81) 3). At its 102nd session in May 2023, the Governing Council confirmed the Secretariat’s authorisation to establish a Working Group, in collaboration with the World Bank Group, tasked with developing an international law instrument to provide guidance on the legal nature and other private law aspects of voluntary carbon credits. At its 103rd session in May 2024, the Governing Council approved a change from the term “Voluntary” to “Verified” in the title of the project.

Following initial consultation and exploratory work, a Working Group was established, composed of members selected for their expertise in the fields of carbon credit trading, environmental law, property law, contract law, secured transactions, and digital technology. The Working Group is chaired by Professor Hideki Kanda, Emeritus Professor at the University of Tokyo and Member of the UNIDROIT Governing Council. The progress of the Working Group can be followed on the Legal Nature of Verified Carbon Credits project page.