Lacklustre COP27 fails to bring clarity to carbon markets

The Sharm el-Sheikh climate conference’s final deal on Article 6 opens the door to secret carbon market deals between countries with little oversight. On a positive note, a new type of carbon credit could help spell the end of offsetting, but the agreement falls far short of what is needed.

COP 27: Make or break time for putting the brakes on the climate crisis

Under the shadow of the worsening climate crisis, COP27 kicks off early next week. We’ll be there to influence the conversations on global carbon markets as much as we can, guided by our vision of a socially just and decarbonised future. Two years into the make or break decade for the climate, COP27 is a …

Governments must slash emissions, not ambition

As Carbon Market Watch prepares to attend the COP27 climate conference in Sharm el-Sheikh, we urge the international community to commit to far more ambitious climate action. Negotiators must design effective and fair carbon markets under Article 6 that complement rather than replace rapid and massive emissions reductions. The COP27 climate conference in Sharm el-Sheikh (6-18 November …

COP27 FAQ: Article 6 of the Paris Agreement explained

The rules governing carbon markets agreed at the COP26 in Glasgow need to be translated into functioning and effective mechanisms at COP27 in Sharm el-Sheikh. This handy Carbon Market Watch guide explains Article 6 of the Paris Agreement, how it works and main the issues at stake.

New UN global carbon market must involve civil society to serve the climate and local communities

The new body tasked with designing and supervising the global carbon market under the Paris Agreement must put in place environmental safeguards and protect the interests of local and indigenous communities. At the end of July, the UN body in charge of overseeing the new global carbon market agreed at last year’s COP26 Glasgow, under …

Carbon Market Watch note on selected Article 6.4 elements following SBSTA 56 call for submissions

The conclusions on Article 6.4 from Subsidiary Body for Scientific and Technological Advice (SBSTA 56) invited observer organisations to make submissions on “any of the elements referred to in decision 3/CMA.3, paragraph 7, for consideration by the SBSTA.” Carbon Market Watch welcomed the opportunity to share our views on Article 6.4 with negotiators. This document …

Carbon Market Watch note on selected Article 6.2 elements following SBSTA 56 call for submissions

The conclusions on Article 6.2 from Subsidiary Body for Scientific and Technological Advice (SBSTA 56) invited observer organisations to make submissions on “any of the elements referred to in paragraphs 3, 6, 7 and 10 of decision 2/CMA.3 for consideration by the SBSTA.” Carbon Market Watch welcomed the opportunity to share our views on Article …

Inching forward on UN carbon market rules: our takeaways from the Bonn climate conference

Two weeks of negotiations show governments are keen to get global carbon market mechanisms up and running, but much work lies ahead to ensure transparency, environmental integrity and respect for human rights.  The most recent UN climate change conference wrapped on Thursday, concluding two weeks of negotiations on a number of subjects including the implementation …

UN carbon market negotiations in Bonn must pave way to effective COP27 in Sharm el-Sheikh

Negotiators must prioritise human rights, transparency and environmental integrity as they hammer out the framework for carbon markets under Article 6 of the Paris Agreement. The intersession of the UN climate change conference, where Carbon Market Watch will be present throughout, kicked off in Bonn, today, Monday 6 June, and will last through Thursday 16 …