Carbon Markets 101 – The ultimate guide to market-based climate mechanisms

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.

CMW inputs to the Article 6.4 Supervisory Body after its 8th meeting: Appeal and grievance processes

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.

Cause and effect

Correlation or causation: Is there a link between carbon offsetting and climate ambition?

A spate of recent studies are being used to claim a causal link for companies that offset their emissions between their use of carbon credits and their rate of internal decarbonisation. However, the available evidence tells a different story about whether or not companies exploit carbon markets as a licence to pollute.

Response to the SBTi call for evidence on the effectiveness of Environmental Attribute Certificates in climate targets

This collaborative submission on the effectiveness of Environmental Attribute Certificates was sent to the Science-Based Targets Initiative. It consists of 45 pieces of evidence, delivered in nine separate submissions (of five pieces of evidence each).   This submission is a collaboration between Carbon Market Watch and NewClimate Institute. All pieces of evidence submitted are in …

CMW’s COP28 recommendations to SBSTA on key Article 6 topics

The below table provides CMW’s recommendations concerning key Article 6 topics on which SBSTA is mandated to provide recommendations/guidance for adoption by the CMA at COP28. These recommendations build on a previous set of recommendations CMW had prepared ahead of SB 58. To summarise, for Article 6.2: Sequencing: The 6.2 process should have clearly separated, …