Torn between countries demanding that Article 6 carbon markets be available with virtually no restrictions and countries insisting on upholding transparency, human rights, and climate ambition, negotiators at COP28 failed to break the deadlock. With all the unresolved problematic issues, the fact that they reached no deal was better than agreeing to a bad one that would torpedo the Paris Agreement.
Despite the wishful thinking of champions of carbon offsetting at COP28, the voluntary carbon market will only play a role in tackling the climate crisis with stricter standards and greater transparency.
Carbon removals are again on the negotiating table at COP28 in Dubai. And, again, the text is inadequate.
After much debate and many meetings, the Article 6.4 Supervisory Body concluded its draft recommendations on removals and on methodological requirements on 17 November, and forwarded them for countries’ consideration at COP28. If they are adopted, they will have significant repercussions on how methodologies are developed and on how removal activities would feature in the Article 6.4 market. Whether these …
Read more “CMW’s views on Article 6.4 SB’s recommendations to CMA”
The below table provides CMW’s recommendations concerning key Article 6 topics on which SBSTA is mandated to provide recommendations/guidance for adoption by the CMA at COP28. These recommendations build on a previous set of recommendations CMW had prepared ahead of SB 58. To summarise, for Article 6.2: Sequencing: The 6.2 process should have clearly separated, …
Read more “CMW’s COP28 recommendations to SBSTA on key Article 6 topics”
Carbon Market Watch will be at this year’s climate change conference (COP28) in Dubai to demand, along with civil society allies, that major polluters speed up their decarbonisation and turn back the dial on accelerating global heating.
Ahead of the Article 6.4 Supervisory Body’s 8th meeting, Carbon Market Watch welcomes the opportunity to respond to the call for inputs and has prepared a submission on the Supervisory Body’s ongoing work on developing recommendations on removal activities.
Ahead of the Article 6.4 Supervisory Body’s 8th meeting, Carbon Market Watch welcomes the opportunity to respond to the call for inputs and has prepared a submission on the Supervisory Body’s ongoing work on developing recommendations on methodological requirements (baseline-setting, additionally, etc.).
A recent report by Carbon Market Watch of 20 global, EU, national and sub-national climate policy frameworks shows that not one governs carbon removals in an environmentally sound way.
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