The apparent progress made on Article 6 carbon markets during week 1 of the COP29 climate conference conceal many problematic fundamental and technical issues that remain unresolved.
Over 80% of carbon credits issued by more than 2,000 projects have a much lower climate impact than they claim, a new meta study finds. This has serious implications for the role of carbon markets in combating the climate crisis. The peer-reviewed paper, whose
As re-confirmed by leading climate scientists in October, there is no alternative to near-term emission reductions to limit damage to our planet, ecosystems and people. However, there is a need to prepare for an environmentally sustainable removals capacity that can help reach climate equilibrium
The way residual or unavoidable emissions are currently defined and dealt with misses an important dimension: fairness.
The 2015 Paris Agreement established the global ambition to “achieve a balance between anthropogenic emissions by sources and removals by sinks of greenhouse gases (GHG) in the second half of this century”. This is more commonly referred to as “net zero GHG emissions”. To
Carbon Market Watch is campaigning alongside eight EU and national civil society organisations for the imminent Emissions Trading System for road transport and buildings and the Social Climate Fund to deliver a fair and effective decarbonisation transition.
Article 6 of the Paris Agreement sets out the principles for carbon markets. At COP29, governments must fix all the outstanding issues so as to ensure that Article 6 advances, rather than sets back, the climate agenda. This detailed guide explains what is at
At the COP29 climate conference in Baku, negotiators need to fix Article 6 carbon markets but, most importantly, they need to fix the world’s failure to slash emissions.
Leading figures from academia, civil society and industry have collaborated to create two proposals to clarify key carbon removals principles that should be integrated into the EU Climate Law and relevant climate policies
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