School of Carbon Markets
As the world accelerates its transition toward net zero, carbon markets are emerging as a vital mechanism to channel finance into climate solutions. At Terrama, we believe that a just and credible carbon market ecosystem must be built on understanding, integrity, and inclusion. The School of Carbon Markets equips learners and practitioners with the essential knowledge and competencies to engage meaningfully and ethically in this dynamic field.
Whether you are a policymaker, developer, investor, or community leader, this learning journey will help you connect the dots between climate ambition, carbon finance, and real-world impact.
Fundamental of Carbon Markets
Carbon markets are an essential tool in the global response to climate change. This module introduces the core concepts, systems, and actors that shape how carbon credits are generated, traded, and used.
Course Outline:
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The origins and evolution of carbon markets
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The difference between voluntary and compliance markets
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Key terms and concepts: credits, offsets, registries, and standards
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The role of carbon markets in climate finance and net zero strategies
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How carbon markets intersect with sustainable development goals
What You Will Learn:
✅ Define how carbon markets function and why they matter
✅ Distinguish between market types and players
✅ Navigate common terminology and frameworks
✅ Recognise the opportunities and limitations of carbon markets today
Duration: 4 hours (Self-paced)
Article 6 of the Paris Agreement
Article 6 of the Paris Agreement opens the door to international carbon cooperation. This module dives deep into how Article 6 mechanisms work, with a focus on implications for countries, developers, and the integrity of emissions reductions.
Course Outline:
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The structure and purpose of Article 6.2 and 6.4
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How cooperative approaches and ITMOs (Internationally Transferred Mitigation Outcomes) operate
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Governance, transparency, and reporting obligations
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What Article 6 means for host countries, NDCs, and corresponding adjustments
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Opportunities and risks for project developers in emerging Article 6 markets
What You Will Learn:
✅ Explain the significance of Article 6 in international climate policy
✅ Identify the key actors and responsibilities under each mechanism
✅ Understand how to position a project or jurisdiction for Article 6 participation
✅ Critically assess the trade-offs and safeguards involved
Duration: 6 hours (Self-paced + Case Studies)
Carbon Project Development
Behind every carbon credit is a project — and developing one requires both technical rigour and community insight. This module walks through the carbon project lifecycle, from design to issuance.
Course Outline:
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Common project types: forestry, renewable energy, waste, cookstoves, and more
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How to set baselines, demonstrate additionality, and apply MRV protocols
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Navigating leading standards such as Verra and Gold Standard
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How to engage communities and apply safeguards meaningfully
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Challenges in project validation, verification, and registry processes
What You Will Learn:
✅ Map out the key stages of carbon project development
✅ Apply core project development principles to real examples
✅ Understand what makes a project eligible, additional, and measurable
✅ Engage stakeholders in a way that builds trust and long-term benefit
Duration: 15 hours (Self-paced + Industry Case Studies)
Carbon Market Risks, Governance & Ethics
As carbon markets scale, so do the risks. This module explores how to build integrity into systems and decisions — from institutional governance to social safeguards.
Course Outline:
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Risks of double counting, leakage, non-permanence, and over-crediting
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Governance models at project, national, and international levels
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Ethical considerations in carbon trading and project development
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The importance of transparency, consent, and justice
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How to recognise and prevent greenwashing
What You Will Learn:
✅ Identify the key risks that undermine carbon market credibility
✅ Analyse governance structures for strengths and gaps
✅ Understand the ethical responsibilities of market participants
✅ Make informed decisions that prioritise trust, equity, and impact
Duration: 15 hours (Self-paced + Practical Exercises)
Sustainable Resource Management
Develop expertise in circular economy principles, waste management, water conservation, and energy efficiency for sustainable resource management.
Course Outline:
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Circular economy principles and applications
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Sustainable waste management and recycling strategies
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Water conservation and responsible water use policies
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Renewable energy integration for resource efficiency
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Corporate sustainability case studies
What You Will Learn:
✅ Understand circular economy principles and sustainable resource use
✅ Learn how to implement water and waste management strategies
✅ Explore corporate sustainability initiatives in resource conservation
Duration: 5 hours (Self-paced + Case Studies)
Climate Risk & Resilience
Assess physical, transition, and financial risks associated with climate change and develop resilience strategies for businesses, cities, and communities.
Course Outline:
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Understanding climate risk categories (physical, transition, liability)
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Risk assessment methodologies and climate scenario analysis
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Strategies for climate adaptation and corporate resilience
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Case studies on climate risk management in financial and corporate sectors
What You Will Learn:
✅ Learn how to identify and assess climate risks
✅ Develop climate resilience strategies for businesses and communities
✅ Understand financial risks linked to climate change
Duration: 6 hours (Self-paced + Risk Assessment Tools)
Climate Models & Scenario Analysis
Explore predictive climate models and scenario analysis used in policy, finance, and corporate sustainability planning.
Course Outline:
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Introduction to climate models and forecasting
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IPCC scenario analysis & applications
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Financial sector integration of climate risk modeling
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Case studies: Climate risk models in corporate strategy
What You Will Learn:
✅ Understand how climate models predict future climate impacts
✅ Learn how businesses use climate scenario analysis
✅ Explore financial and policy applications of climate modeling
Duration: 6 hours (Self-paced + Scenario Planning)
