Even though the European Union’s Emissions Trading System has already issued over €200 billions in free emissions permits, the European Commission is proposing hundreds of billions of euros of additional free allowances for polluting industries. Europe must scrap these pollution
New Year New Climate Momentum The private-sector task force, led by Mark Carney, has published its roadmap for “scaling up voluntary carbon markets”. More investments in climate action are, of course, more than welcome. But the task force should pay more
The annual carbon market survey by the financial market data analyst Refinitiv shows high confidence in the European Green Deal in strengthening the EU carbon market. First, the 80 respondents that answered to the questions about EU policies, see the
The failure to agree on rules for international carbon markets at COP 25 has been a victory for some and a disaster for others. Looking at it pragmatically, it was very much a “disaster averted” outcome since the rules on
Scroll down for French and Spanish An interview with Falguni Joshi (CMW member from Gujarat, India Q1: Can you describe what you/your organisation is working on? I have been working on environmental issues since 1997, especially strengthening people’s participation in
Originally published in Carbon Markets at COP25 blog on 2 December 2019 Starting today and continuing over the coming days, we’ll break the issue down into four key elements that could make or break the future carbon market schemes. One
EU governments breach citizens’ right to information on international aviation climate policy Dear friends, As I write this at the UN Climate Change Conference, Bonn, along with the rest of Western Europe, is sweltering in the scorching heat, an uncomfortable foretaste
This week, UN climate negotiators are meeting in Bonn, Germany, to try and find common ground on the Paris Agreement’s market provisions. There is growing political momentum to move beyond offsetting in global climate policy, but only a handful of
Voters put climate crisis firmly on EU agenda Dear friends, I am delighted to share with you a revamped Carbon Market Watch News. I hope you enjoy the new look, and easily find content that most interests you. I also look
Over the next two weeks more than 22,000 people – including parties, observers, and journalists will arrive to in the little mining city of Katowice (Poland). Guests will be welcomed not only by delicious pierogi (typical Polish dish) and cold
Aware of the impact of the games on the climate and of record temperatures on the games, organisers of the Paris games have pledged to break records when it comes to reducing the impact of this mega event on the planet. ‘Going for Green’, a Carbon Market Watch and éclaircies report assessing the credibility of these plans reveals that if completely implemented, only 30% of the expected carbon footprint is covered by a robust climate strategy.
Carbon Market Watch strongly condemns the SBTi Board of Trustees’ announcement to recognise carbon credits as a way to “abate” scope 3 emissions. These indirect, value chain emissions usually make up the lion’s share of a company’s carbon footprint.
At a time when global carbon emissions need to be almost halved by 2030, 51 major corporations’ climate commitments amount only to reducing their median carbon footprint by as little as 30%, reveals the 2024 Corporate Climate Responsibility Monitor. Tighter regulations from governments are needed to raise the bar, both for companies which are taking insufficient action, and those who are not doing anything at all.
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.
Is offsetting fine if it is done with highly durable carbon removal credits? Sabine Frank weighs the pros and cons.
Human rights violations committed against the Chong people in Cambodia are indicative of a wider malaise afflicting carbon crediting projects. Not only must the rights of indigenous peoples and local communities be safeguarded, they must also profit from fair benefit sharing arrangements.
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