Following the technical deadlock and glacial pace of progress at the Bonn climate conference, negotiators need to get their act together before COP28. Climate commitments should shape the further development of carbon markets under Article 6 of the Paris Agreement, otherwise the environment and society will lose out.
To ensure that the new carbon market under Article 6 of the Paris Agreement benefits the climate and society, the supervisory authority set up to govern it must get the rules absolutely right. That is why Carbon Market Watch submitted a set of recommendations.
This study assesses the effectiveness of carbon market grievance mechanisms of leading voluntary carbon market standards. While most voluntary carbon market standards have grievance mechanisms in place, most of them are opaque and do not properly describe their procedures.
The standards bodies operating in the voluntary carbon market must ensure that climate projects take the rights and concerns of local and indigenous communities into account and offer them avenues for redress. A review conducted on behalf of Carbon Market Watch found that only one standard body, Gold Standard, provides appropriate recourse to file grievances …
Read more “Blocked avenues for redress: Shedding light on carbon market grievance mechanisms”
The UN-backed ‘Carbon Removal Pioneers’ stoke the development dreams of African countries but crash against the reality of climate science.
A new type of carbon credit created at the Sharm el-Sheikh climate conference provides an overdue alternative to the offset claim. This signals a path towards more honest climate accounting and fewer loopholes for potential greenwashing. The outcome on carbon markets at COP27 was generally poor. Negotiators failed to set basic oversight and transparency checks …
Read more “Was COP27 the beginning of the end for corporate offsetting?“
A new type of carbon credit created at the Sharm el-Sheikh climate conference provides an overdue alternative to the offset claim. This signals a path towards more honest climate accounting and fewer loopholes for potential greenwashing. The outcome on carbon markets at COP27 was generally poor. Negotiators failed to set basic oversight and transparency checks …
Read more “Was COP27 the beginning of the end for corporate offsetting?“
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.
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.
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 …
Read more “COP27: Make or break time for putting the brakes on the climate crisis”
Stay in touch and receive our monthly newsletter, campaign updates, event invites and more.
