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.
The jetsetting ideal of the men’s tennis tour is helping to push the climate towards break(ing) point. So if offsetting isn’t the fix that the ATP is hoping for what is?
Our latest FAQ has the answers to everything you always wanted to know about global carbon markets
Taylor Swift claims she can offset the immense carbon footprint of her private jet but the only way for high-flying celebrities and the superrich to reduce their climate impact is to fly less and choose more sustainable forms of transport.
For the Article 6.4 grievance process, where it is of utmost importance that it is designed by and with those who will be engaging with it, more input is essential to ensure it works for rather than against its users. Carbon Market Watch urges the Supervisory Body to reopen its Call for Input, as well as to actively seek input from IPLCs and other rightsholders as part of a structured consultation.
Article 6 of the Paris Agreement sets out the principles for carbon markets. At COP28, governments will further develop the rules governing these markets.
REDD+, which aims to reduce or prevent deforestation through the voluntary carbon market, is a complex and confusing area. In this FAQ, we answer some frequently asked questions.
The report is focused on the four crediting methodologies that have generated almost all REDD+ carbon credits to date, all under Verra, the largest voluntary carbon market registry, and concludes that REDD+ is ill-suited to carbon crediting.
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