The aviation industry is championing offsetting, carbon removals and other technical quick fixes to help it fly under the radar of climate action and avoid actual emissions reductions.
Carbon Market Watch commissioned environmental consultants Ricardo to produce a study comparing the functioning of the EU ETS and CORSIA, and their respective climate ambitions. In this policy briefing, we present the study’s main findings and formulate policy recommendations.
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.
Esta guía ofrece una introducción al estado actual de los mercados internacionales de créditos de carbono. Describe los elementos principales de los nuevos mercados establecidos en virtud del Acuerdo de París, así como el funcionamiento del mercado voluntario de carbono, que opera al margen del sistema de la ONU. Concluye con un debate sobre el papel que juegan estos mecanismos en la acción climática y sobre cómo deben y no deben utilizarse.
Este guia é uma introdução ao estado atual dos mercados internacionais de créditos de carbono. Apresenta os principais elementos dos mercados recentemente criados no âmbito do Acordo de Paris e o funcionamento do mercado voluntário de carbono, que opera fora do sistema das Nações Unidas. Conclui com um debate sobre o papel destes mecanismos na ação climática e sobre a forma como devem e não devem ser utilizados.
Ce guide présente l’état actuel des marchés internationaux de crédits carbone. Il présente les éléments clés des marchés nouvellement établis dans le cadre de l’Accord de Paris, ainsi que le fonctionnement du marché volontaire du carbone, qui opère en dehors du système des Nations unies. Il se termine par une discussion sur le rôle de ces mécanismes dans l’action climatique et sur la manière dont ils devraient ou ne devraient pas être utilisés.
This guide gives an introduction to the current state of international carbon credit markets. It lays out key elements of the newly established markets under the Paris Agreement, and the functioning of the voluntary carbon market, which operates outside of the UN system. It concludes with a discussion of the role of these mechanisms in climate action, and how they should and should not be used.
Here we explain the ins and outs of the UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) and why it is not fit to navigate airlines towards greener horizons.
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.
A study commissioned by Carbon Market Watch and conducted by the Öko-Institut analysed the action or investments that eight major European airlines were taking outside their value chains. These include activities that supposedly avoid or reduce greenhouse gas emissions and those that remove and store greenhouse gases from the atmosphere. The eight selected airlines are …
Read more “Flights of Fancy: Preventing European airlines from making far-fetched climate claims”
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