News & Press
By Wijnand Stoefs on 25 Feb 2021
Concrete ideas to divert attention
Debunking industrial carbon removal claims: Cembureau Removing carbon from the atmosphere as a concept is gaining traction around the world. While some form of it will likely be needed to keep global temperature rise below 1.5 degrees, cutting pollution must remain the immediate priority. As industry struggles to imagine or operationalise net-zero emissions plans by…
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By Gilles Dufrasne on 24 Feb 2021
Alternatives to offsetting are no longer fringe
Carbon market stakeholders are slowly moving beyond the zero-sum game of offsetting towards alternative ways of financing climate action. This positive development will make the existing market more robust, helping to shield it from reputational risks and environmental integrity scandals. Offsetting – paying someone else to reduce emissions instead of reducing one’s own – has…
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By Kaisa Amaral on 29 Jan 2021
Carbon Market Watch Newsletter – January 2021
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 attention to quality – instead of focusing on quantity. One striking omission in the new…
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By Sabine Frank on 28 Jan 2021
The lengthened and stony road to Glasgow
A reminder of the tricky issues of agreement on global carbon market rules in the context of ratcheting up climate ambition Raising ambition is the primordial task for governments ahead of and at the next UN climate conference. But it will also be essential to finally agree on the rules that will govern global carbon…
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By Kaisa Amaral, Gilles Dufrasne on 28 Jan 2021
Companies can do better than offsetting
Relying on paying someone else to reduce emissions is risky and unsustainable. Therefore, private companies should stop “offsetting” and instead financially help poorer countries reach their climate targets and foster sustainable development. Voluntary carbon markets are booming as businesses across the world make climate-neutrality pledges. These plans often rely on the purchase of credits from…
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By Kaisa Amaral on 27 Nov 2020
Carbon Market Watch Newsletter – November 2020
‘Carbon removals’ must be approached with caution Carbon removals are becoming a hot topic and are also rising up on the EU’s policy-making agenda. There is no denying that we will need to suck CO2 pollution from the atmosphere over the course of this century to avert the worst impacts of the climate crisis. But…
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By Wijnand Stoefs on 26 Nov 2020
Carbon removals: a hot topic that requires a cool head
There is a lot of hype around possibilities of sucking carbon out of the atmosphere and the topic is also on the EU policy-making agenda. Plenty of ways to do this exists already, but all of them come with challenges. Understanding and defining what “carbon dioxide removals” are, is a first step towards avoiding policy…
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By Kaisa Amaral on 26 Nov 2020
UN shipping body torpedoes its own climate strategy
As the global efforts to cut CO2 pollution from ships hit the wall, regions and countries must step up. In Europe, work to bring the sector under the bloc’s carbon market is ongoing, but slowing down. Earlier this month, the UN shipping agency International Maritime Organisation (IMO) approved a draft plan to cut CO2 pollution…
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Carbon Market Watch Newsletter – October 2020
Green Commitment Or Greenwashing? Since last year, Shell has been offering European motorists “carbon neutral” driving and recently Total announced that it is now selling “carbon neutral” liquified natural gas. Are the fossil fuel giants going green? No, we are not talking about electric car charging stations or renewable fuels. Both Shell and Total are…
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“Offsetting must not be a license to continue polluting”
We joined the World Press Clubs Alliance for Climate launch event on Friday 23 October. Watch the interview with Sabine Frank here. Companies and governments are announcing “climate-neutrality” targets, and consumers are being offered ways to offset their carbon footprint. What does this mean in practice? How can we distinguish between real climate action and…
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