LSFI Taskforce
LSFI Voluntary Carbon Credits and Carbon Markets Taskforce, in partnership with ALFI
Voluntary Carbon Markets are gaining increasing attention, and the Luxembourg Sustainable Finance Initiative (LSFI), in close cooperation with the Association of the Luxembourg Fund Industry (ALFI), has established a dedicated Taskforce to address key challenges related to voluntary carbon credit investment strategies.
General Mandate
Contribute to the creation of clear, robust and attractive framework conditions in Luxembourg to facilitate the launch and development of investment funds and strategies explicitly linked to Voluntary Carbon Markets (VCM) and voluntary carbon credits while positioning Luxembourg as a leader that actively promotes and safeguards high-quality, high-integrity voluntary carbon credits through framework conditions and market practices.
Key Objectives
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Identify and clarify key legal, accounting, tax, and regulatory issues related to voluntary carbon credits, voluntary carbon-related instruments as well as strategies;
- Analyse how voluntary carbon credits can be integrated into Luxembourg fund structures, including dedicated funds and investment strategies;
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Draft practical guidance for asset managers and fund promoters, using case studies to explain how to establish and manage high-quality, high-integrity voluntary carbon market (VCM) and carbon credit strategies in Luxembourg;
- Produce policy-oriented recommendations for the Government and the Ministry of Finance to enhance the legal and tax framework in Luxembourg.
Membership
Approximately 10-12 members will be selected by the LSFI, in cooperation with ALFI. The Taskforce will be composed of experts with recognised experience in areas such as:
- asset management and fund structuring;
- legal, tax and accounting advisory;
- carbon markets and carbon credits project development;
- regulation and supervision;
- market infrastructure, data and verification.
Members may include representatives from:
- asset managers and fund promoters;
- law firms and tax advisory firms;
- consulting firms and specialised advisors;
- public authorities and regulators;
- international and non for profit organisations with a focus on carbon credits.
The Taskforce is not a marketing or advertising platform.
Deliverables
The Taskforce is expected to produce, subject to LSFI and ALFI validation:
- A guidance document for asset managers on high-quality and high-integrity voluntary carbon credit fund strategies in Luxembourg;
- A set of recommended quality and integrity criteria for voluntary carbon credits used in Luxembourg fund structures, referencing recognised international standards and best practices;
- A practical due diligence and governance checklists for asset managers and fund boards;
- Targeted policy-oriented recommendations for the Government and the Ministry of Finance;
- High-level conclusions and recommendations to be presented to the LSFI Board and relevant stakeholders, including policy-relevant insights.
Key Dates
How to apply
Interested candidates are invited to consult the Terms of Reference and complete the Application Form.
Access the Terms of Reference
Access the Application Form
Discussions and materials shared within the Taskforce will remain confidential until made public by LSFI and ALFI. Taskforce members are expected to attend meetings regularly; persistent absence may lead to exclusion.
The LSFI will hold the secretariat and provide organisational and administrative support to the Taskforce.
For further information, please contact info@lsfi.lu.
The LSFI Voluntary Carbon Credits and Carbon Markets Taskforce has been developed in partnership with the Association of the Luxembourg Fund Industry (ALFI).
