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Global markets

ICVCM’s green light for coal crediting is a red flag for the planet

Carbon Market Watch (CMW) is deeply concerned by the Integrity Council for the Voluntary Carbon Market’s (ICVCM) decision to grant its label of approval to Verra’s updated coal retirement methodology. Rather than ensuring a genuine transition away from coal, this decision risks rewarding false

Global markets

Enhancing the sink or sinking climate policy?

Following the agreement on a 90% emissions reduction by 2040, the EU climate architecture is being revised to create the conditions to achieve this target. For this to work, all sectors of the economy must contribute their fair share. Central to the current climate

Global markets

Missing the mark: the current state of Article 6.2 carbon trades

Ahead of COP 31, this must-read explainer analyses what the Article 6.2 Technical Expert Reviews published to date reveal about countries’ carbon trade reporting, concluding there’s plenty of work to do in Antalya. What is a Technical Expert Review? The Article 6.2 Technical Expert

EU carbon market

The climate cost of a loose ETS cap

In the difficult negotiation process surrounding the EU Emissions Trading System (ETS), one of the most contentious points for member states and Members of the European Parliament is determining whether or not the recently proposed ETS revision will enable the EU to reach its

2050 climate strategies

Era of European industry free lunches needs to stop

After 20 years of the EU Emissions Trading System (EU ETS), European heavy industry is still not paying the price of their pollution. Many companies score profit from ETS1 without making the crucial investments into industrial transformation. The Commission’s revision proposal falls short in

Coal-fired power plant and wind turbine
Carbon dioxide removals

Commission waters down flagship climate policy to appease big polluters

Launched during a summer of fossil-fuelled climate breakdown marked by heatwaves and wildfires, the European Commission’s carbon market revision backtracks on climate action. The new proposal actively weakens the effectiveness of Europe’s flagship climate policy, and risks undermining the achievement of the EU’s 2040

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