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.
The negative experiences of the Maasai of northern Tanzania with soil carbon projects is a microcosm of the human rights challenges facing the voluntary carbon market and the rich world’s growing tendency to renege on its climate responsibilities.
The European Union’s Carbon Removals and Carbon Farming (CRCF) framework risks worsening the financial situation of small-scale farmers, undermining rural development and could fuel land grabbing. The EU urgently needs a sustainable alternative in which both farmers and nature can thrive.
A groundbreaking study finds that many countries relying heavily on carbon removals are at high risk of placing their climate goals in jeopardy. This echoes findings from previous Carbon Market Watch research and is helping guide future investigations.
A false equivalence is too often made between carbon emissions and the removals that may balance them. Mistaken ‘like for like’ thinking undermines the integrity of climate policies.
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