At COP29, it is paramount that governments deliver carbon markets that uphold our Paris Agreement commitments: real reductions, real benefits for the climate and additional benefits for nature and society. The foremost priority must be deep emissions cuts.

This is the true fix the climate needs. Let’s fix Article 6.

Our demands

Stop offsetting

Offsets are used by heavy polluters to offload a significant portion of their responsibility onto others. Both governments and corporations must stop relying on offsets and focus on better alternatives.

Optimise blueprint

Article 6 negotiators must design governance mechanisms for carbon markets that ensure total transparency and prioritise the benefit to the climate and respect the rights of local communities.

Minimise carbon footprint

Governments must focus primarily on committing the international community to significant and immediate emissions reductions in line with the Paris Agreement’s goal of keeping global temperature rises below the 1.5ºC threshold.

Carbon markets =/= climate finance

Climate finance from rich countries to developing ones is needed urgently, and in enormous amounts. The New Collective Quantified Goal on Climate Finance cannot leave room for carbon markets used for offsetting to be counted as climate finance.

Safeguard human rights and climate justice

Human rights must be at the heart of climate action and decisions must be taken democratically with the full participation of civil society and local communities.

Read CMW’s policy recommendations here

“There is only one way to get Article 6 right: upholding the highest standards for the environment, human rights, and transparency, and viewing carbon markets as a supplement to emissions reductions, not as a replacement for them.”

Isa Mulder, CMW’s Policy Expert on Global Carbon Markets

The context of
GLOBAL CARBON MARKETS

FAQs & guides

Where to find us

📅 Monday 11 November 2024 (UNFCCC event)

18:30 – 20:00 GMT+4, Side Event (SE) Room 8, Blue Zone
Advancing Integrity in Carbon Markets with the Paris Agreement Crediting Mechanism: 2024 Milestones and Momentum