Market-based instruments for chemical value chains
Join the chemicals cohort of the Market-Based Instruments Program to work on real-world use cases, establish credibility criteria, and shape how market-based instruments are accounted for and reported, as global standards are still in development.
MBIs to decarbonize chemicals
Decarbonizing the chemical sector is expensive, and physical allocation across complex value chains remains challenging. Today, only physically traceable emission reductions are reflected in GHG inventories.
Market-based instruments (MBIs) are emerging to scale value chain decarbonization. But their application remains unclear. Companies lack shared definitions, clear co-investment models, and a consistent approach for how to account for and report MBI-based action.
The MBI Program addresses this gap.
Why join
Shape how MBIs are used in your sector
Have a direct voice in how market-based instruments are defined, governed and recognized in Scope 3 reporting.
Move fast on implementation
Stop waiting for standards to finalize. Work with peers to develop approaches you can start applying now across real chemical value chains.
Learn from real use cases, not theory
Bring your own use cases or engage with those of peers to stress-test design choices, data requirements, and accounting approaches.
Join a network that understands your challenges
Work with companies facing the same Scope 3 complexity in emissions-intensive, infrastructure-heavy supply chains.
Build on our MBI work
The chemicals cohort is part of the broader VCI MBI Program, an ongoing multi-sector initiative to build shared understanding of how market-based instruments can support credible Scope 3 action.
The program’s first output, the Definition and Taxonomy of Market-Based Instruments, establishes a common foundation for how MBIs are defined and categorized. The chemicals cohort takes this foundation and applies it to the specific realities of an emissions-intensive sector with complex value chains.
Submit your case study
Bring a real-world application of market-based instruments into the program and explore how it holds up in practice.
Each case study is used to:
- Map value chain actors, roles, and data flows
- Identify GHG accounting challenges and open questions
- Explore allocation rules, attribution methods, and supporting data systems
- Evaluate design against emerging credibility criteria
- Develop actionable recommendations aligned with evolving frameworks
Join the MBI Program for chemicals
Work with peers to apply market-based instruments in practice and shape their role in Scope 3.
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