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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
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…

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…

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…

Policy Submissions
30 Mar 2021

Carbon Market Watch’s response to the public consultation on the revision of the Industrial Emissions Directive

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…

Policy Submissions
18 Dec 2020

Carbon Market Watch response to the Consultation of the Taskforce on Scaling Voluntary Carbon Markets

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…