ICVCM’s green light for coal crediting is a red flag for the planet

by Greta HirschbergGlobal marketsPosted on Comments are Disabled

Carbon Market Watch (CMW) is deeply concerned by the Integrity Council for the Voluntary Carbon Market’s (ICVCM) decision to grant its label of approval to Verra’s updated coal retirement methodology. Rather than ensuring a genuine transition away from coal, this decision risks rewarding false progress while giving a green light to continued fossil fuel emissions.  …

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Expanding EU carbon market for aviation would barely affect ticket prices, study finds, but would raise billions for climate action.

by Greta HirschbergAviationPosted on Comments are Disabled

To sate their voracious appetite for greenwashing offsets, major fossil fuel companies have invested considerable resources and effort to lobby, both directly and indirectly, to weaken carbon market federal regulations in the United States and state regulations in California, concludes a new Carbon Market Watch investigation.

Leaning on uncertainty: How Europe’s flawed approach to carbon removals threatens the climate

by Greta HirschbergCarbon dioxide removals, Land use and forestryPosted on Comments are Disabled

Oil and gas interests pollute the carbon crediting rulebook and invest heavily in a marketplace flush with low-quality carbon credits. A new Carbon Market Watch report demonstrates how some of the world’s biggest fossil fuel companies use their oversized leverage to influence major decision-making bodies in the voluntary carbon market. 

The EU’s approach to carbon removals won’t remove the climate crisis: lessons from CO2ol Down

by Greta HirschbergCarbon dioxide removalsPosted on Comments are Disabled

Depending on how it is designed, the Commission’s newly proposed EU Buyers Club initiative for carbon removals may contribute little to the green transition or even set it off course. The CO2ol Down project proposes a workable alternative that develops permanent removals while slashing emissions. With the European Union’s recently agreed 2040 climate target setting …

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