Oil and gas interests pollute the carbon crediting rulebook and invest heavily in a marketplace flush with low-quality carbon credits. A new Carbon Market Watch report demonstrates how some of the world’s biggest fossil fuel companies use their oversized leverage to influence major decision-making
Despite being the most climate-damaging form of travel, private jet use has reached record highs, yet most flights are exempt from paying a carbon price, and all are exempt from fuel taxes. This must end.
Depending on how it is designed, the Commission’s newly proposed EU Buyers Club initiative for carbon removals may contribute little to the green transition or even set it off course. The CO2ol Down project proposes a workable alternative that develops permanent removals while slashing
Although the European Commission is meant to carry out a thorough impact assessment before proposing new policies, the European Union’s policymaking process is increasingly being influenced by business lobbies and guided by political expediency and whim. This approach will result in serious negative consequences.
In its efforts to placate heavy industry, the European Commission’s latest proposed changes to the Carbon Border Adjustment Mechanism serve no environmental purpose. It’s time to refocus the CBAM on the climate.
Allowing coal-fired power plants to generate carbon credits as a way of financing their early retirement sounds better in theory than it would work in practice if the proposed methodology from Verra were to be implemented. Verra must go back to the drawing board
After initially backing the EU’s planned Carbon Border Adjustment Mechanism (CBAM), EU industry has grown increasingly hostile to the carbon levy as the prospect of losing their free allowances under the EU’s Emissions Trading System (EU ETS) looms closer, according to an InfluenceMap analysis
The European Union has struck a deal on its 2040 climate target which, on paper, maintains the headline goal of slashing emissions by 90% but allows loopholes and backdoors that will result in hundreds of millions of tonnes of additional domestic emissions.
The fruits of voluntary carbon market projects are rarely shared fairly with local communities and indigenous peoples. A project in Sierra Leone has come up with a more equitable benefit sharing formula. Other countries and project developers should follow suit.
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