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.
“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
📅 Tuesday 12 November 2024 (Side event co-organised by CMW)
16:45 -18:15 GMT+4, SE Room 4
Decarbonisation beyond the value chain: Navigating between carbon credits and climate contributions
📅 Wednesday 13 November 2024
11:00 -12:30 GMT+4, CG-FAO Food and Agriculture Pavilion (F9)
A global assessment of agrifood systems in the voluntary carbon market
📅 Saturday 16 November 2024 (COMSATS Side Event)
11:00 -12:00 AZT, Pakistan Pavilion, Blue Zone
High-level dialogue on strengthening governance frameworks for carbon markets in the global south
Multimedia
Latest news and press
OUR COP29 DELEGATION
Week 1
Sabine Frank, Executive Director [email protected]
Week 1
Gilles Dufrasne, Lead on Global Carbon Markets [email protected]
Week 1 and 2 (remotely)
Jonathan Crook, Policy Expert on Global Carbon Markets [email protected]
Week 1 and 2
Isa Mulder, Policy Expert on Global Carbon Markets [email protected]
Week 1 and 2
Federica Dossi, Policy Expert on Global Carbon Markets [email protected]
Week 2
Khaled Diab, Communications Director [email protected]
