Few climate instruments are as controversial as carbon credit markets: some see them a cost-efficient way to reduce or remove emissions globally and to help the Global South in the bargain, while others see a failure to deliver sufficient climate benefits, as well as
The International Maritime Organisation’s stalled Net-Zero Framework has the potential to shave a mere tenth off the carbon footprint of shipping by 2030, which is only a drop in the ocean of what the Paris Agreement requires, our latest study finds. Given the recent
Although the European Union has the means and capacity to wave goodbye to fossil fuels by 2040, EU environment ministers have backed an unambitious climate target for that year that unfairly shifts some of the burden for domestic climate action to the Global South
At the COP30 climate conference, countries that have cooled on climate action are set to exploit carbon markets to take the heat to act off themselves. But carbon markets are no substitutes for real emissions cuts and no replacement for climate finance.
In response to pressure from national governments, the European Commission has proposed changes to the Market Stability Reserve that will regulate the supply of pollution allowances for the new Emissions Trading System for road transport and buildings (ETS2). While a couple of changes are
Rather than the feared depression in trade flows, the EU’s Carbon Border Adjustment Mechanism (CBAM) looks set to become a powerful climate diplomacy tool that will encourage Asian economies to clean up their industries, a new simulation finds.
Instead of listening to its own technical experts and scientific evidence, the body overseeing the UN carbon crediting mechanism has chosen to side with market players after intense lobbying efforts.
The International Maritime Organisation’s Net-Zero Framework is a necessary starting point but urgently needs greater ambition and binding revenue earmarking for decarbonisation and a just transition.
Have you come across carbon market, decarbonisation and climate jargon that you did not understand but were too embarrassed to ask?
Have no fear, this handy glossary will help decipher the terms.
Stay in touch and receive our monthly newsletter, campaign updates, event invites and more.
