The champions of Article 6 carbon markets used the opportunity of the Bonn climate conference to push, ahead of COP31, for a “learning by doing” approach. This happy-go-lucky attitude would spell double trouble for the climate and society. Although the only carbon market item officially under negotiation in Bonn concerned the funding arrangements for Article …
At the Bonn climate conference (SB62) ahead of COP30 in Brazil, there was a mood of upbeat optimism about Article 6 carbon markets. This positivism stands in shrill contrast with all the critical issues that continue to plague Article 6.
We couldn’t agree more with one of the Article 6 negotiators: the negotiations on Article 6.2 are like being on the Titanic
As the line increasingly blurs between UN REDD+ and Article 6.2 carbon markets, this briefing sets the record straight. This comparison demonstrates that these two systems do not serve the same purpose and do not have comparable quality requirements. Urgent finance is needed for forest conservation, but Article 6.2 carbon markets are not the way.
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.
If the country-to-country carbon market established under Article 6.2 of the Paris Agreement is to have any credibility, negotiators meeting at the UN intersessional climate conference in Bonn must agree on the fine print that prevents double counting, abandons secrecy and promotes accountability.
Prepared for the Bonn Climate Change Conference 5-15 June 2023 Carbon Market Watch welcomes the opportunity to provide input to the discussions on matters relating to Article 6.2 (plus one in 6.4) of the Paris Agreement ahead of the UNFCCC’s 58th session of the subsidiary bodies. Sequencing and timing ● A step-wise process consisting of clearly …
Read more “Recommendations for the key topics under Article 6 of the Paris Agreement ”
Carbon Market Watch will be closely following the UNFCCC negotiations from Bonn, Germany. The Bonn UNFCCC session kicks off real negotiations on the text agreed in Geneva in February. Those elements of the text that are agreed by Parties will become parts of the Paris Protocol, which should be completed in December this year. The …
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