Despite the best efforts of activists and some climate negotiators, the agreement reached on Article 6 carbon markets at COP29 in Baku risks facilitating cowboy carbon markets at a time when the world needs a sheriff.
The apparent progress made on Article 6 carbon markets during week 1 of the COP29 climate conference conceal many problematic fundamental and technical issues that remain unresolved.
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
Article 6 of the Paris Agreement sets out the principles for carbon markets. At COP29, governments must fix all the outstanding issues so as to ensure that Article 6 advances, rather than sets back, the climate agenda. This detailed guide explains what is at
At the COP29 climate conference in Baku, negotiators need to fix Article 6 carbon markets but, most importantly, they need to fix the world’s failure to slash emissions.
‘Questioning the integrity of the voluntary carbon market’ is a new series of Carbon Market Watch video explainers that answers your question on this neglected topic.
Many of the lofty announcements made at last year’s COP28 climate conference in Dubai have yet translate into action weeks ahead of COP29 in Baku.
The Voluntary Carbon Market Integrity initiative’s latest guidance on the use of carbon credits by companies undermines VCMI’s stated mission of combating greenwashing and setting out a framework for making valid climate claims. Last year, VCMI published its long anticipated Claims Code of Practice,
Article 6 of the Paris Agreement sets out the principles for carbon markets. At COP28, governments will further develop the rules governing these markets.
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