The EU’s lacklustre attempt to forge a certification system for carbon removals is so riddled with holes that the process needs to be rebooted to avoid doing more harm than good.
EU’s underwhelming 2040 climate target shifts responsibility to future generations
Carbon Market Watch will be at this year’s climate change conference (COP28) in Dubai to demand, along with civil society allies, that major polluters speed up their decarbonisation and turn back the dial on accelerating global heating.
The European Parliament has raised the bar on the proposed legislation for regulating carbon removals but the EU is still far away from a framework that would truly benefit the climate.
To savour the real-world implications of our climate work, the Carbon Market Watch team visited an industrial zone seeking to decarbonise and a sustainable co-housing project.
Storing carbon temporarily is being touted as a tool for tackling the climate crisis. But unless the CO2 is stored for over a century, this “solution” can do more harm than good, despite the co-benefits to ecosystems.
Companies selling in the European Union will no longer be able to claim that their products are carbon or climate neutral, the EU has provisionally agreed. This victory against greenwashing corresponds to longstanding demands from climate campaigners to eliminate the use of offsets and send a signal to the voluntary carbon market.
Green groups criticised the International Maritime Organisation’s failure to raise the shipping sector’s climate ambition sufficiently to ensure that this highly polluting sector navigates a course that is compatible with keeping global temperature increases within the 1.5°C limit set out in the Paris Agreement.
Guidance on the use of carbon credits by private companies published today by the Voluntary Carbon Market Integrity Initiative (VCMI) is a step in the right direction to rein in greenwashing. The proposed set of rules forms a welcome basis to move the conversation forward but more attention should be given to how companies can contribute to climate action outside of carbon markets.
As the International Maritime Organisation (IMO) embarks next week on the latest round of talks on greenhouse gas emissions, civil society groups urge member states to agree to halve the carbon footprint of shipping by 2030 and eliminate it by 2050.