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Briefings
30 Nov 2015

Policy Brief: Fossil and biological carbon: a tonne is not a tonne

Whether biological carbon credit should be traded in carbon markets is topical, with discussions ongoing in the UNFCCC, ICAO and the California Cap-and-Trade system. To date, compliance markets have rejected the eligibility of biological carbon offsets. They are right to do so. Fossil and biological carbon operate on different parts of the carbon cycle, and on very different timescales. Fossil carbon is permanent; biological carbon is potentially and frequently subject to rapid fluxes, whether natural or manmade. For these reasons, offset credits from REDD+, afforestation and reforestation or other biological systems should not be treated as fungible with fossil carbon, but should instead be addressed through other, appropriate, policy measures.

Briefings
20 Nov 2015

Recommendations related to the role of carbon markets in the Paris Agreement

Only very few countries have outlined in their Intended Nationally Determined Contributions (INDCs) that they will use international trading as a means to help achieve their climate goals. However, despite the limited role of markets expressed by most industrialised countries in their INDCs, such as the EU and the US, the political reality regarding domestic carbon pricing schemes looks different: jurisdictions responsible for 40% of the global economy have already implemented carbon pricing mechanisms.

Briefings
27 Oct 2015

Policy Brief: Aviation’s Credibility on Environmental Integrity

ICAO is developing a Global Market Based Mechanism to achieve the goal of carbon neutral growth in the industry post-2020. Work is currently in progress to define which credits should be eligible to be used as offsets in this market.

Briefings
20 Oct 2015

Expectations related to the role of carbon markets in the Paris Agreement – UNFCCC ADP session, October 2015, Bonn

Going into Bonn, the Paris draft treaty text was been successfully shortened down to 20 pages, including the draft agreement and accompanying draft decisions. While this reduction in size is a positive step towards approaching the future climate treaty, some important elements went missing, and this session offers Parties the chance to repair such oversights.

Briefings
1 Sep 2015

Policy Brief: Social and environmental accountability of climate finance instruments

Climate change is a global injustice to present and future generations, and one of the greatest human rights challenges of our time. For one, climate change has a significant effect on several human rights, such as the right to safe and adequate water and food, the right to health and adequate housing, and the right to life. On the other hand, certain actions to address climate change can directly result in adverse impacts on human rights.

Briefings
28 Aug 2015

Briefing Paper: Avoiding hot air in the 2015 Paris agreement

Summary A key consideration for the Paris treaty is how to incentivize real additional climate action while avoiding the laundering of bogus “hot air” credits. The lack of environmental integrity of market mechanisms under the Kyoto Protocol have so far created an 11 gigatonne “hot air” loophole undermining the viability of the first international climate treaty….

Briefings
28 Aug 2015

Briefing Paper: The need for 5 year Commitment Periods in the Paris Protocol – Why a “review” is inadequate

Introduction The Paris climate conference hopes to reach a new global agreement that will help to address anthropogenic climatic change. It has already been decided that this anticipated agreement will enter into effect in 2020. One of the most important issues for Paris will be the periodicity of Parties’ mitigation commitments, ie the length of…

Briefings
9 Jun 2015

A Beginner’s Guide to NAMAs

Nationally Appropriate Mitigation Actions (NAMAs) are a mitigation instrument for developing countries to take part in global efforts towards a long-term sustainable strategy for cutting emissions.

NAMAs exhibit a great potential as they move away from traditional offsetting and focus on developing countries’ own contribution to global mitigation and sustainable development. They provide a good opportunity for sector-wide and sub-sector policy based emission reductions. Despite their potentially high prospects to deliver mitigation and sustainability benefits, only 11 NAMAs are currently being implemented and 140 NAMAs are still at the design phase.

Briefings
1 Jun 2015

BRIEFING: Carbon Market Watch expectations for the UNFCCC session in Bonn June 2015 related to the role of carbon markets in the Paris Agreement

In June in Bonn, the UNFCCC will convene its first session to begin real negotiations on the text agreed in Geneva in February. Those elements of the text that are agreed by Parties will become parts of the Paris Protocol, which should be completed in December this year.

Briefings
1 Jun 2015

BRIEFING: Views on the use of carbon markets under a post-2020 climate deal

Prepared for the 42nd session of the Subsidiary Body for Scientific and Technological Advice (SBSTA), 1 to 11 June 2015 in Bonn, Germany

Carbon Market Watch welcomes the opportunity to provide views on the deliberations of the Framework for Various Approaches (FVA) which will be discussed at SBSTA42.