This note presents recommendations on key points1 in Articles 6.2 and 6.4 up for negotiation during the UNFCCC’s 56th session of the subsidiary bodies (SB 56) from 6 to 16 June 2022 in Bonn, Germany. As a general note, while the main rules for the operation of market mechanisms in the Paris Agreement were agreed…
This note presents recommendations for consideration by Article 6 negotiators during the UNFCCC’s 56th session of the subsidiary bodies (SB 56) and beyond. The recommendations concern removals and permanence in the context of the Article 6.2 and 6.4 mechanisms. It is expected that this first set of recommendations will be further elaborated depending on how…
This note presents recommendations for consideration by Article 6 negotiators during the UNFCCC’s 56th session of the subsidiary bodies (SB 56) and beyond. The recommendations concern the establishment of an independent grievance body under Article 6. It is expected that this first set of recommendations will be further elaborated depending on how negotiations advance.
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….
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…
The Carbon Border Adjustment Mechanism (CBAM) could offer a better hope of decarbonisation in energy-intensive industries than free allowances, and could create a first-mover advantage for EU industry in the global race to decarbonisation. However, this will only be possible if this tool is designed to provide real incentives for industries within and outside Europe…
The revision of the EU Emissions Trading System (ETS) represents a huge opportunity to strengthen the Directive to ensure it is in line with the 1.5˚C target under the Paris Agreement. However, the European Commission’s proposal includes two major shortcomings that should be reconsidered. Firstly, the EU-wide 55% emission reduction target proposed is inadequate to…
Carbon Market Watch fully supports the comprehensive feedback provided by the European Environmental Bureau to the revision and welcomes the opportunity to give specific views on how the Industrial Emissions Directive (IED) should be revised to support industrial decarbonisation in a complementary manner to the EU Emission Trading System. While we support the general direction…
Summary The EU Emissions Trading System (EU ETS) covers around 40% of the EU’s greenhouse gas emissions from more than 11,000 installations and airlines. As part of the EU Green Deal implementation, the scheme will be revised starting in the summer of 2021. The revision is a crucial opportunity to ensure that the sectors covered…
Key elements for the revision of the EU ETS The upcoming revision of the EU Emission Trading System represents a crucial opportunity to strengthen the Directive and ensure it contributes to the goals of the Paris Agreement. Carbon Market Watch believes that the upcoming review should include the following elements. An increase of the Linear…
Carbon pricing 
International transport 
Climate governance 
Fair climate action