Article 6

Opinion
By Gilles Dufrasne on 20 Jan 2020

International carbon markets at the frontier to the wild west

The failure to agree on rules for international carbon markets at COP 25 has been a victory for some and a disaster for others. Looking at it pragmatically, it was very much a “disaster averted” outcome since the rules on the table would have legitimised the use of markets riddled with loopholes. Far from ideal,…

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Press release
By Kaisa Amaral on 15 Dec 2019

COP25: No deal on UN carbon markets as a number of countries reject loopholes

MADRID 15 DECEMBER 2019 Governments at the UN climate talks (COP 25) postponed decisions on future carbon market rules after no agreement was reached on the most contentious issues such as the fate of old credits and measures to avoid double-counting. Carbon Market Watch commends countries who defended strong carbon market rules and calls on…

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Press release
By Kaisa Amaral on 11 Dec 2019

Dodgy carbon market rules risk undermining the Paris Agreement

MADRID 10th December 2019. The UN carbon market talks are at a crossroads in Madrid as ministers take over today. Carbon Market Watch calls on governments to only accept a deal that bans old Kyoto credits, includes rules to avoid double-counting,  and to ensure that markets reduce emissions, and include strong environmental and social safeguards….

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Briefings
2 Dec 2019

Empty targets? How to avoid trading of hot air under the Paris Agreement

Executive summary A very large number of carbon credits has been created through the three carbon markets of the Kyoto Protocol: the Clean Development Mechanism (CDM), Joint Implementation (JI) and International Emissions Trading (IET). It is unclear what will happen to these mechanisms in the future and whether these old credits will be used under…

Briefings
2 Dec 2019

How to keep hot air out of the Paris Agreement – technical proposal

This document is addressed to Article 6 negotiators and Heads of Delegations at COP25, and proposes a detailed and structured text to address the issues described in the briefing “Empty targets? How to avoid the trading of hot air under the Paris Agreement”. Key numbers from the briefing: ● The potential supply of available CERs…

Press release
By Kaisa Amaral on 27 Nov 2019

Markets must increase climate action, not undermine it

Carbon Market Watch priorities at the COP25 in Madrid BRUSSELS 27 November 2019. The next round of UN climate talks takes place in Madrid from 2 to 13 December. The future of carbon markets could be a make or break element for climate action as some countries attempt to cash-in on badly designed mechanisms. While…

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News
By Kaisa Amaral on 27 Nov 2019

Can global carbon markets help us reach the Paris climate goals? 

What is the state of play of the talks on the Paris Agreement market mechanisms? How do we ensure that markets reduce emissions instead of shifting them around the globe? And that climate action drives sustainable development and benefits local communities?  A Carbon Market Watch webinar on Monday 25th of November took a deep dive…

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COP25 side event: How to prevent hot air under Article 6?

COP25 side event Wednesday 4th December 16:45-18:15 Room 3 Description: As billions of carbon credits accumulated over the past decade threaten to undermine the Paris Agreement, the risk of creating new “hot air” units as a result of weak targets is growing. This side event will discuss the risk of past and future hot air…

4 Dec 2019

Policy Submissions
18 Nov 2019

Carbon Market Watch’s briefing note for COP25

Dear respected colleague, Ahead of COP25, Carbon Market Watch is pleased to share our recommendations and recent publications. Strong rules to avoid double-counting of emission reductions There is a significant risk that emission reductions under the Paris Agreement could be counted towards two or more climate commitments which would water down efforts to stop the…