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…
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.
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…
The Corporate Climate Responsibility Monitor evaluates the transparency and integrity of companies’ climate pledges. Companies around the world are increasingly alert to the climate emergency. They face calls from a growing range of stakeholders to take responsibility for the impact of their activities. Most large companies now have public climate strategies and targets, many of…
Executive summary We need technologies and processes to remove carbon dioxide from the atmosphere. However, removals accounting and targets must remain separate from those for GHG emissions; and only real removals should be taken into account. Emission reduction and carbon dioxide removal accounting and targets need to be kept strictly separate to ensure removals can…
The anticipated Sustainable Carbon Cycles Communication has significant merits but risks seriously undermining its own declared purpose of climate ambition.
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.
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…
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…
Dear Vice President Timmermans, Commissioner Valean, Commissioner Simson, Commissioner Breton We, the signatories, write to express our support for the goals of the European Green Deal for shipping and aviation, notably the objectives to deploy sustainable alternative fuels/energy via a dedicated Fuel EU Maritime and ReFuelEU Aviation initiatives. Maritime and aviation transport are important parts…
Carbon pricing 
International transport 
Climate governance 
Fair climate action