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Briefings
15 Dec 2020

Above and Beyond Carbon Offsetting – Alternatives to Compensation for Climate Action and Sustainable Development

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…

Briefings
15 Dec 2020

Results-Based Finance in the Paris Era – Considerations to Maximise Impact

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…

Briefings
24 Nov 2020

Carbon markets and agriculture – why offsetting is putting us on the wrong track

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,…

Briefings
29 Oct 2020

10 Key Principles for a Carbon Border Adjustment Measure (CBAM)

With more information on the design options that the European Commission is considering for a Carbon Border Adjustment Measure (CBAM) and slightly more clarity on the different options available, Carbon Market Watch has updated its position and refined the key principles originally presented in the briefing “Carbon Border Adjustments: Climate Protection or Climate Protectionism?” published…

Letters
15 Sep 2020

Joint Letter in support of the ENVI report on the MRV revision

Dear Member of the European Parliament, During the September plenary, you will vote on the revision of the Regulation on monitoring, reporting and verification (MRV) of shipping emissions. This could be the first-ever EU regulation that requires ships to reduce their emissions and to start paying for their carbon emissions. Climate pollution from the shipping…

Briefings
31 Jul 2020

Carbon markets 101 – the ultimate guide to global offsetting mechanisms

Introduction This briefing gives an overview of the current discussions under Article 6 of the Paris Agreement which establishes the foundation for market-based climate measures after 2020. It lays out key lessons from the Kyoto Protocol markets, highlights essential issues within the Article 6 negotiations, and provides recommendations on how to solve them. It concludes…

Briefings
7 Jul 2020

Cleaning up industry: why the EU’s strategy isn’t enough yet

Summary The new EU Industrial Strategy, released by the European Commission on 10 March 2020 as part of a larger industrial package, is the first sector-specific plan to be published since the European Green Deal was announced. It is an opportunity to put the EU economy on track towards climate neutrality, and put climate action…

Letters
2 Jul 2020

Joint letter on the ETS Innovation Fund

Dear Mr. Runge-Metzger, Mr. Holzleitner, Mr. Doubrava, Ms. Velkova, Financial support and investments for industry to innovate and deploy clean breakthrough technologies is crucial for the EU to achieve the objective of climate neutrality before 2050 and succeed in the fight against climate change. The ETS Innovation Fund represents a step in the right direction…

Letters
25 May 2020

Carbon market stakeholder letter to ICAO Council

The letter was updated on 27 May with a new signature Dear ICAO Council members, The ongoing global health crisis has led to a drop in air traffic which in turn has already caused tremendous economic hardship for the aviation sector’s workers. This situation has also led to a drop in CO2 emissions from international…

Letters
7 Apr 2020

Open letter to IMO on moving work online

Dear Secretary General Kitack Lim, We, the undersigned environmental organizations, respect and fully support the decision to postpone the 75th meeting of the IMO’s Marine Environment Protection Committee (MEPC), given the global imperative to contain and ultimately defeat the COVID-19 pandemic. We are grateful for the leadership of the World Health Organization and other United…