The EU Emissions Trading System (ETS), which requires polluters to pay for their emissions, was a world first, yet international aviation emissions are still exempt from ETS pricing despite their huge climate damage. The EU must now bring international aviation back under regulation, stand up for its values and reaffirm its role as a global climate action leader.
At the Bonn climate conference (SB62) ahead of COP30 in Brazil, there was a mood of upbeat optimism about Article 6 carbon markets. This positivism stands in shrill contrast with all the critical issues that continue to plague Article 6.
The banking sector’s anticipated upswing in investment in the voluntary carbon market has failed to materialise, new research reveals.
A new report by Carbon Market Watch has raised concerns over a lack of transparency and accountability within the unregulated voluntary carbon market caused by the unavailability of important project documents from the four biggest carbon crediting standards.
Despite the wishful thinking of champions of carbon offsetting at COP28, the voluntary carbon market will only play a role in tackling the climate crisis with stricter standards and greater transparency.
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.
In response to a complaint lodged by civil society, the Swiss advertising regulator has ordered FIFA, football’s governing body, to stop describing the 2022 World Cup as “carbon neutral” because the claim is “false and misleading”. This anti-greenwashing victory has worldwide implications for mega-sporting events, corporations and lawmakers.
Although the enlarged Emissions Trading System will impose a cost on emissions from buildings, the revenues it generates should be used to decarbonise European homes and to eradicate energy poverty. Some trailblazing projects showcase these possibilities.
The Integrity Council for the Voluntary Carbon Market has just released a set of new rules which seek to boost the quality of carbon credits for offsetting but ignore other issues with the market. While this is an improvement on current practices, the problematic concept of offsetting itself must be abandoned. As part of its …
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