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…
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…
Introduction Discussions and negotiations on carbon pricing for the international maritime sector are starting to pick up steam again at the International Maritime Organisation (IMO). This is an opportunity to finally get urgently needed, meaningful global climate regulation for this international sector. The maritime sector is the last emitting sector globally not to be covered…
Summary (updated 21 January 2021) Encouraging the private sector to support climate action in developing countries is a positive objective. Carbon markets could have a role in this if implemented carefully. Markets should be used to channel finance towards impactful projects while taking care to not abusively rely on the achieved emission reductions to justify…
Executive summary Relying on carbon offsets to meet climate targets is risky and unsustainable. Carbon credits can have low environmental integrity, and they will become increasingly difficult to source as countries need to “keep” their reductions to meet domestic targets. When companies purchase a carbon credit generated in a country that also has a climate…
This report by NewClimate Institute was commissioned by Carbon Market Watch Summary In order to reach the goals of the Paris Agreement, it is essential to rapidly move from a zero-sum offsetting approach towards rapid transitions to decarbonise all emitting sectors. Though originally developed for offsetting, using aspects of carbon market mechanisms to deliver results-based…
We regret that the Commission did not include a policy option that would ensure the current climate policy architecture is maintained in order to raise the emission reductions achieved by the Effort Sharing Regulation (ESR), Emissions Trading Scheme (ETS), and the LULUCF Regulation as three separate but mutually reinforcing policy instruments. The three options presented…
A joint briefing by Carbon Market Watch, Secours Catholique, CCFD – Terre Solidaire and Institute for Agriculture & Trade Policy (IATP) Executive summary Climate mitigation projects in the agriculture sector, particularly those focused on storing carbon in soils, are increasingly being tied to carbon markets. But the impact of these initiatives is highly questionable. First,…
Carbon Market Watch welcomes Gold Standard’s vision for the post-2020 voluntary market and supports the idea of developing a new type of claim which would not be used for compensation of greenhouse gas emissions. If carbon credits continue to be used as offsets/compensation, we also support the position that this should only be possible if…
Carbon Market Watch welcomes the opportunity to provide feedback on Verra’s proposal. We echo Verra’s recognition that there is a need to differentiate between credits which do or do not meet all the requirements set (or to be set) under the Paris Agreement’s article 6 rules. However, we express concern that Verra’s proposed “labelling” approach…
Carbon pricing 
International transport 
Climate governance 
Fair climate action