Behind the green curtain: big oil and the voluntary carbon market

Shell was the world’s largest user of carbon credits in 2024, a year in which fossil fuel companies dominated the voluntary carbon market. This allows them to pretend they are taking significant climate action, while continuing with business as usual. Since the ratification of the Paris Agreement, companies have shifted the way they consider and …

Cooking the climate books: New peer-reviewed study finds carbon credit impact vastly overstated

Over 80% of carbon credits issued by more than 2,000 projects have a much lower climate impact than they claim, a new meta study finds. This has serious implications for the role of carbon markets in combating the climate crisis. The peer-reviewed paper, whose lead author was Benedict Probst of the Max Planck Institute appeared …

COP27 FAQ: Article 6 of the Paris Agreement explained

The rules governing carbon markets agreed at the COP26 in Glasgow need to be translated into functioning and effective mechanisms at COP27 in Sharm el-Sheikh. This handy Carbon Market Watch guide explains Article 6 of the Paris Agreement, how it works and main the issues at stake.