News & Press

Opinion
By Gilles Dufrasne on 28 Oct 2021

COP26: Kyoto-era carbon credits will not repay our debt to the climate

Outdated carbon credits issued under the Kyoto Protocol’s Clean Development Mechanism must be scrapped for the sake of the climate, argues Gilles Dufrasne. Carbon markets are high on the agenda of this year’s COP26 climate conference as countries meet again to agree on rules governing the Paris Agreement. One of the most contentious negotiation items…

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Opinion
By Jonathan Crook on 27 Oct 2021

Net-zero illusions: The rise of ‘carbon-neutral’ fossil fuels

Like dry water and hot snow, carbon-neutral fossil fuels are pipe dreams and marketing gimmicks that do nothing to protect the climate, a new Carbon Market Watch investigation reveals. Jonathan Crook investigates. In case you haven’t heard, there’s a new greenwashing trend spreading like wildfire. It consists of oil and gas giants, like Shell, Total,…

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Opinion
By Wijnand Stoefs on 20 Sep 2021

There is no cheating the atmosphere

Simply throwing public money at misleading climate solutions, such as carbon capture and storage/utilisation, would be a huge mistake. Although books can be cooked, the atmosphere cannot be cheated. Back in June, fifteen Members of the European Parliament sent an open letter to European  Commisson Vice-President Frans Timmermans and Energy Commissioner Kadri Simson, Internal Market Commissioner…

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Opinion
By Jonathan Crook, Gilles Dufrasne on 25 Jun 2021

UN carbon markets face continued stand-off

Science and respect for human rights must be at the heart of any future rulebook After 3 weeks of technical discussions between country negotiators, little progress has been made to approach agreement on Article 6 of the Paris Agreement pertaining to carbon markets. Countries have even reinforced their stance on certain long-held positions, which in…

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Opinion
By Jonathan Crook on 4 Jun 2021

Time to make Article 6 work for the climate

Going beyond zero-sum game offsetting to deliver real benefits For Carbon Market Watch’s overall perspective on Article 6, see here. CMW has also been publishing a series of technical submissions, responding to a call for input from the UNFCCC: April, May, June. The Paris Agreement Article 6 must go beyond the zero-sum logic of offsetting…

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Opinion
By Jonathan Crook on 27 May 2021

UN negotiators search (yet again) for common ground on carbon markets

Paris Agreement Article 6 must reduce emissions fairly and effectively For CMW’s overall perspective on Article 6, see here. We have also been publishing a series of technical submissions, responding to a call for input from the UNFCCC: April, May, June. Technical discussions at the UN climate body UNFCCC on the Paris Agreement carbon market…

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Opinion
By Andrew Marshall on 18 May 2021

Will the dirty banks ever stop financing fossil fuels? 

While major banks are making grand climate pledges, investments in fossil fuels continue to increase. Internal carbon prices coupled with the end of fossil fuel subsidies have the potential to direct investments into a clean transition to a climate-safe future. Over the last few years, as countries globally are slowly moving decarbonisation targets in the…

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Opinion
By Gilles Dufrasne on 23 Mar 2021

Five stories from new voluntary offsets data

The recent uptick in interest for voluntary offsets invokes certain concerns, but it also comes with a few benefits. One of these is the push for more transparency. A new public database tracking information about voluntary offsets from the four largest standards was launched by Trove Intelligence. It adds to similar platforms such as those…

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Opinion
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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Opinion
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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