Over 80% of carbon credits issued by more than 2,000 projects have a much lower climate impact than they claim, a new meta study finds. This has serious implications for the role of carbon markets in combating the climate crisis. The peer-reviewed paper, whose lead author was Benedict Probst of the Max Planck Institute appeared …
Article 6 of the Paris Agreement sets out the principles for carbon markets. At COP29, governments must fix all the outstanding issues so as to ensure that Article 6 advances, rather than sets back, the climate agenda. This detailed guide explains what is at stake.
Article 6 of the Paris Agreement sets out the principles for carbon markets. At COP28, governments will further develop the rules governing these markets.
Our latest report discusses how carbon credits from renewable energy projects are in oversupply and fail to deliver additional climate benefits
In this joint statement, 80 civil society organisations, including Carbon Market Watch, express their opposition to the use of carbon credits for offsetting purposes and the recent move towards relaxing rules surrounding indirect scope 3 emissions, such as the recent controversy at the Science-based Targets initiative (SBTi). Climate targets must focus primarily on the reduction …
Read more “Why carbon offsetting undermines climate targets – Joint NGO statement”
The banking sector’s anticipated upswing in investment in the voluntary carbon market has failed to materialise, new research reveals.
Our latest report discusses how carbon credits from renewable energy projects are in oversupply and fail to deliver additional climate benefits
What do camels, whales and breast-fed babies have in common? They’ve all been put forward as ways to offset emissions. We delve into some of the weirdest carbon crediting ideas and explain why they do not work for the climate.
Biodiversity markets are meant to channel private sector funding towards schemes that aim to conserve and restore biodiversity. In its current form, the unregulated funding schemes are reminiscent of the voluntary carbon market, which has a track record of supplying poor quality, cheap credits that inadequately transfer funds to the Global South.
The first carbon credits issued under the UN’s CORSIA offsetting scheme will do nothing to bring down the aviation sector’s sky high emissions.
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