Article 6

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…

Webinar: Carbon Markets at COP25

Click here to watch the webinar: https://bit.ly/2OiyG0f  Date and time: Monday 25 November 2019, 15.00-16.15 CET This webinar will discuss the state of play of the Paris Agreement market negotiations and explore the future of global carbon markets and the role they can play in addressing the climate crisis. Panel & Moderator Speakers:  Jacob Werksman, European…

25 Nov 2019

Watch This! - Civil Society Newsletter
By Andrew Coiley on 21 Oct 2019

Watch This! Sail2COP – On the waves of Greta (October 2019)

Welcome to this latest edition of the Watch This! Or as we like to call simply WT!  We hope you can deal with another acronym in your busy life. In this edition, we will be exploring the various forms of engagement, from direct civil activism to the weeds of climate change policy. Carbon Market Watch…

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Opinion
By Gilles Dufrasne on 9 Oct 2019

Global carbon market negotiations are running out of (over)time

The talks on future global carbon markets are already in overtime after countries failed to agree on a global deal last December in Poland. Now even this extra time is quickly running out. Less than two months before the crunch time talks at the next UN climate summit, the number of unresolved issues appears to…

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News
By Gilles Dufrasne | Kaisa Amaral on 17 Jun 2019

UN climate negotiators to discuss future carbon markets as calls to end offsetting grow louder

This week, UN climate negotiators are meeting in Bonn, Germany, to try and find common ground on the Paris Agreement’s market provisions. There is growing political momentum to move beyond offsetting in global climate policy, but only a handful of countries around the negotiating table are willing to walk the talk. “We can no longer…

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