The debate on EU industrial subsidies in the face of the US Inflation Reduction Act and against the backdrop of the Emissions Trading System (EU ETS) and Carbon Border Adjustment Mechanism (CBAM) deals raises some uncomfortable questions.
Despite the role voluntary carbon markets are meant to play in financing climate action, the exact amount of money reaching climate projects and local communities is shrouded in mystery, while nine out of 10 intermediaries do not disclose their fees or profit margins, a
The long process that was meant to transform the EU’s Emissions Trading System into an effective tool for climate action has culminated in a final deal that will not reduce Europe’s industrial carbon footprint rapidly enough to tackle the climate crisis. The reformed EU
The UN-backed ‘Carbon Removal Pioneers’ stoke the development dreams of African countries but crash against the reality of climate science.
At a time when we need to shift our collective climate action up a gear, the influence of the fossil fuels lobby is succeeding in slowing down ambition both at COP27 and in the EU. COP27 produced one significant breakthrough – the agreement on
The draft EU Carbon Removal Certification Framework is at risk of doing more harm than good to the climate and biodiversity, while encouraging climate inaction.
A new type of carbon credit created at the Sharm el-Sheikh climate conference provides an overdue alternative to the offset claim. This signals a path towards more honest climate accounting and fewer loopholes for potential greenwashing.
The European Commission’s blueprint for certifying carbon removals risks turning into a carbon loophole bonanza that will slow down the deep and sustained decarbonisation transition the EU urgently needs.
The Sharm el-Sheikh climate conference’s final deal on Article 6 opens the door to secret carbon market deals between countries with little oversight. On a positive note, a new type of carbon credit could help spell the end of offsetting, but the agreement falls
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