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.
An in-depth study of the main methodologies used by REDD+ forest conservation projects has exposed a series of shortcomings that allow project owners to stretch reality and create a vast quantity of carbon credits for projects that have questionable climate impacts.
A proposed carbon offsetting project in Papua New Guinea, which has been labelled a “scam” by a local politician, appears to be of questionable environmental benefit and has seemingly failed to consult with local communities sufficiently and transparently, a Carbon Market Watch analysis concludes.