Lacklustre COP27 fails to bring clarity to carbon markets

The Sharm el-Sheikh climate conference’s final deal on Article 6 opens the door to secret carbon market deals between countries with little oversight. On a positive note, a new type of carbon credit could help spell the end of offsetting, but the agreement falls far short of what is needed.

Sunset over peatland

EU’s Carbon Removals Certification Framework is certifiably problematic

Alarm bells for the climate were set off last week by a leak of the European Commission’s proposal for a Carbon Removal Certification Framework (CRCF). The draft leaves many important questions unanswered and vital issues unaddressed, and could usher in an era of greenwashed and money-wasting carbon removals.  On 30 November, the European Commission is …

EU member states’ haphazard approach to carbon removals puts climate goals and nature at risk

National governments in the European Union are botching their planning of carbon removals. This lack of strategic thinking and focus on false solutions threatens the climate and biodiversity, a new study reveals. To avoid this, they must develop a clear vision of what carbon removals can achieve and focus primarily on lowering emissions. While carbon …

July newsletter editorial: Keeping hope alive for 1.5

The EU’s recent failure to rise to the unprecedented challenge presented by the climate emergency should not lead us down the path to cynicism but must prod us to redouble our efforts to bring about meaningful change, writes Sabine Frank. “So, how do you know Y (the host)?” I asked at a recent party.  “We …

UN carbon market negotiations in Bonn must pave way to effective COP27 in Sharm el-Sheikh

Negotiators must prioritise human rights, transparency and environmental integrity as they hammer out the framework for carbon markets under Article 6 of the Paris Agreement. The intersession of the UN climate change conference, where Carbon Market Watch will be present throughout, kicked off in Bonn, today, Monday 6 June, and will last through Thursday 16 …

Carbon removals are no substitute for deep emissions reductions, warns IPCC

Carbon removals will become a vital tool for reducing carbon concentrations in the atmosphere but only massive cuts in emissions will give humanity a fighting chance of keeping global heating to 1.5°C or below, says the UN’s Intergovernmental Panel on Climate Change (IPCC). The latest IPCC report, which was released in April, outlines various pathways …

A sustainable carbons cycle or a vicious emissions cycle?

Despite some good elements, the European Commission’s proposed carbon removal strategy leaves the door wide open to offsetting after 2030, which will undermine its ability to reduce emissions, writes Wijnand Stoefs. On 15 December 2021, the European Commission published its Sustainable Carbon Cycles Communication, which showcases its vision for carbon farming, industrial carbon capture and …

Unsustainable business cycles trump sustainable carbon cycles in EU’s CO2 removals strategy

The European Commission released today its much-anticipated Sustainable Carbon Cycles Communication. The strategy undermines its own goals of reducing atmospheric carbon concentration by allowing companies to use removals to offset their emissions in the future. The strategy sets out a blueprint for how the European Union can harness carbon dioxide removals and so-called carbon farming …

Net-zero illusions: The rise of ‘carbon-neutral’ fossil fuels

Like dry water and hot snow, carbon-neutral fossil fuels are pipe dreams and marketing gimmicks that do nothing to protect the climate, a new Carbon Market Watch investigation reveals. Jonathan Crook investigates. In case you haven’t heard, there’s a new greenwashing trend spreading like wildfire. It consists of oil and gas giants, like Shell, Total, …

Net-zero pipe dreams: Carbon-neutral fossil fuel claims amount to greenwashing

A new Carbon Market Watch report thoroughly investigates the growing number of fossil fuels that are being marketed as “carbon neutral” and concludes that they amount to brazen greenwashing. Published ahead of the COP26, the document challenges governments and industry to halt greenwashing practices and commit to binding fossil fuel phaseouts. Today, Carbon Market Watch …