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This document presents a series of key questions that Indigenous Peoples and local communities have about carbon markets, with a particular focus on their relevance to forest and land-based projects. It is not a comprehensive guide but rather a compilation of questions and insights drawn from the experiences and discussions of Indigenous Peoples and local community representatives during a learning exchange held in Chiang Mai, Thailand, in 2024. The learning exchange brought together participants from over eight nationalities in Asia, each contributing their perspectives on the challenges, opportunities and complexities of carbon markets, especially in relation to forests and land-based carbon projects. The questions included here reflect concerns and inquiries raised during the exchange. The answers are not directly attributable to RECOFTC but represent the collective responses from the Indigenous Peoples and communitybased co-organizers of the event.