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Policy Submissions
2 May 2022

Carbon Market Watch reply to European Commission public consultation on the certification of carbon removals – EU rules

If done well the Carbon Removal Certification Mechanism (CDR-M) can determine what is actually Carbon Dioxide Removal (CDR) or not, and keep false solutions out of this field. Time and resources are scarce and must be invested in real removals, and not in CCU and temporary storage. These may have climate benefits (by crowding out…

Policy Submissions
22 Apr 2022

Carbon Market Watch response to Verra consultation on a new methodology for harvest deferral

Verra has launched a public consultation on a new methodology, developed by NCX, which proposes methods for the generation of carbon credits from activities aimed at deferring timber harvest by as little as one year. This response covers Carbon Market Watch’s (CMW) main comments on the methodology. It does not provide detailed advice on specific…

Policy Submissions
8 Apr 2022

Carbon Market Watch response to Verra’s proposed “tonne-year accounting” method

Verra is proposing to introduce tonne-year accounting, a method whereby it would issue credits representing the permanent storage of 1tCO2 to projects that store carbon temporarily. Each tonne sequestered for one year would be worth one “tonne-year” and one hundred tonne years would make up one carbon credit. For example, storing 1 tonne for 100…

Policy Submissions
30 Mar 2022

Carbon Market Watch recommendations on carbon market infrastructure for Article 6 of the Paris Agreement

This note aims to inform countries and negotiators discussing the establishment of new infrastructure under Article 6 of the Paris Agreement regarding existing shortcomings of registries and project databases that should be improved. It can also serve voluntary market actors, in particular programmes, to improve their existing platforms and remedy some of the shortcomings identified….

Policy Submissions
11 Mar 2022

Comments on proposed Verified Carbon Standard (VCS) project for reducing emissions from deforestation and forest degradations in Papua New Guinea

Kanaka Management Services Private Limited, a project developer, has proposed a Verra Verified Carbon Standard (VCS) project entitled ‘REDD+ Project in Oro Province of Papua New Guinea‘. If approved, this proposed project would be the second largest Verra VCS project, generating 8.1 million credits annually for 100 years. The proposed project was open for public…

Policy Submissions
28 Feb 2022

Carbon Market Watch response to UK Climate Change Committee’s consultation: “Carbon Offsets call for evidence”

The UK Climate Change Committee recently issued a public consultation on the subject of “Carbon Offsets call for evidence”, which closed on 28 February 2022. The consultation covered the main risks and opportunities presented by voluntary carbon offsets, the quality and duration of offsets, voluntary offset market regulation and standards, Harnessing Financial Flows, and more.

Policy Submissions
15 Feb 2022

Carbon Market Watch response to consultation: “Draft Consensus Statement on High Quality Tropical Forest Carbon Credits”

A “Draft Consensus Statement on High Quality Tropical Forest Carbon Credits” was recently developed by eight organisations: Coordinator of Indigenous Organizations of the Amazon River Basin (COICA), Conservation International, Environmental Defense Fund, Amazonian Environmental Research Institute (IPAM), the Nature Conservancy, Wildlife Conservation Society, World Resources Institute, and World Wildlife Fund US. Once finalised, the document…

Policy Submissions
13 Dec 2021

Joint NGO statement on the Carbon Border Adjustment Mechanism

Societies and businesses face increasing uncertainty due to more frequent and intense extreme weather events, instability in global energy and commodity markets, and unclear climate commitments by key international partners. The European Green Deal potentially provides a broad and strong suite of policy tools that have the power to create the necessary stability and certainty…

Policy Submissions
25 Nov 2021

Analysis and suggested amendments to the European Commission’s revised proposal for the EU ETS for aviation

The European Commission’s proposed revision of the EU’s Emissions Trading System for aviation and implementation of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) lays out the groundwork for the welcome phasing out of free allocation. However, it fails to uphold, let alone strengthen, carbon pricing for the aviation sector by prioritising the risky and ineffective implementation of CORSIA over a full-scope inclusion of flights under the EU ETS.

Policy Submissions
17 Nov 2021

Principles for market-based measures to decarbonise international shipping

Submitted by the Clean Shipping Coalition (of which Carbon Market Watch is a member), this document summarises the key principles that any market-based measure (MBM) agreed at the International Maritime Organisation (IMO) level needs to follow in order for it to be a fair and effective tool for contributing to the decarbonisation of international shipping.