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Briefings
6 Jul 2021

Briefing for ministerial discussions on Article 6 of the Paris Agreement

Introduction: The UK COP Presidency has planned informal ministerial consultations on July 7 and July 12, in order to make progress on Article 6, which is still in stalemate despite recent technical discussions. Ministers have been asked to discuss a set of framing questions on three key sticking points: double counting of emissions, possible transition…

1 Jul 2021

Companies use ”hot air” forestry offsets to avoid taxes in Colombia

CARBON MARKET WATCH’S FACT-CHECK OF VERRA’S RESPONSE A new investigation by Carbon Market Watch and the Latin American Center for Investigative Journalism (CLIP) has found that two large-scale forestry projects in Colombia create more credits than the amount of emission reductions that they are achieving. Fossil fuel companies use these credits to avoid paying a…

Briefings
30 Jun 2021

Two Shades of Green: How hot air forest credits are being used to avoid carbon taxes in Colombia

Update 1 July: Verra published a statement in response to this report, questioning its findings and accusing it of using flawed methodologies. Our response to Verra is available here. Executive summary The Colombian government adopted a carbon tax of approximately US$5/tCO2e covering fossil fuels in 2016. Companies can avoid paying the tax by purchasing carbon…

Policy Submissions
23 Jun 2021

Carbon Market Watch’s reply to the TSVCM’s second public consultation

Summary It is urgent to scale up private sector finance for climate action, but the current state of the voluntary carbon market is not fit for purpose. The TSVCM should first focus on addressing the serious quality shortcomings before the market can be scaled up. In particular, the future governance body of the TSVCM will…

Annual reports
27 May 2021

Annual Report 2020

Foreword That 2020 was an exceptional year is to state the obvious, just as terrible human impacts of the Covid-19 pandemic are painfully still continuing in Europe and across the world, however unevenly. It is not to minimise these negative impacts so much as to strengthen our efforts to move towards a genuinely sustainable form…

Policy Submissions
27 May 2021

Carbon Market Watch input to SBSTA on matters related to article 6 of the Paris Agreement

Views on enabling ambition in article 6 and transition of CDM activities to article 6.4 – June 2021 This submission is part of a series responding to the monthly calls from the SBSTA chair covering several aspects of Article 6. Carbon Market Watch’s overall perspective on Article 6 is accessible here. In previous submissions in…

Policy Submissions
11 May 2021

Carbon Market Watch input to SBSTA on matters related to article 6 of the Paris Agreement

Views on the rapid operationalisation of article 6 This submission is part of a series of submissions responding to the monthly calls from the SBSTA chair covering several aspects of article 6 The operationalisation of Article 6 should guarantee integrity, transparency and inclusiveness. Speed should not undermine the overall objective of contributing to the Paris…

Briefings
22 Apr 2021

Recommendations on forests in voluntary carbon markets

An NGO statement on forests in voluntary carbon markets Summary Forest protection and restoration is in urgent need of increased financial support, but cannot be used to offset fossil emissions Financial contributions should be directed at jurisdictional programs addressing deforestation and forest degradation, rather than stand-alone projects, as they provide incentives for improved land use…

Policy Submissions
19 Apr 2021

Carbon Market Watch input to SBSTA on matters related to article 6 of the Paris Agreement

Share of proceeds for adaptation and avoiding double use of outside NDC A6.4ERs Response to the call for submissions on the above-mentioned topics by the SBSTA chair Summary Financing for Adaptation/Share of Proceeds: A share of proceeds for adaptation should be levied on both 6.2 and 6.4 transactions The share of proceeds for adaptation should…

Letters
21 Mar 2021

Letter to not offset climate inaction with forests

This letter was sent to President of the European Commission von der Leyen, Executive Vice-President Timmermans, Commissioner Simson, Commissioner Sinkevičus , Minister Matos Fernandes, MEP Guteland and other Members of the European Parliament, and Members of Coreper II. Forest restoration must not offset climate inaction in the agriculture, energy, housing, industrial and transport sectors. Yesterday…