SBTi BVCM public consultation submission

The Science Based Targets Initiative (SBTi) launched a public consultation on beyond value chain mitigation (BVCM) which inputs into guidance the SBTi is currently preparing and which will be released in the autumn of 2023. The consultation was divided into nine categories that touched upon BVCM-related definitions, processes, methods, resource deployments and finance, claims, reporting, …

Article 6.4 public consultation on removals

Carbon Market Watch welcomes the opportunity to provide inputs to the Supervisory Body on specific questions pertaining to removal activities. Our inputs respond to questions from the document ‘Guidance and questions for structured consultation on recommendations for activities involving removals’.

Inputs to structured consultation on removal activities (Article 6.4 of the Paris Agreement)

Carbon Market Watch welcomes the opportunity to provide inputs to the Supervisory Body on specific questions pertaining to removal activities. However, we note that the 2-week window to make submissions is extremely short and also overlaps with SB58, which many observer organisations that closely follow the Supervisory Body have attended – as a result, there …

Plenary session at 2022 Bonn Climate Conference

Devil in the details at 2023 Bonn climate conference

If the country-to-country carbon market established under Article 6.2 of the Paris Agreement is to have any credibility, negotiators meeting at the UN intersessional climate conference in Bonn must agree on the fine print that prevents double counting, abandons secrecy and promotes accountability.

Assessing the robustness of carbon market grievance mechanisms

This study assesses the effectiveness of carbon market grievance mechanisms of leading voluntary carbon market standards. While most voluntary carbon market standards have grievance mechanisms in place, most of them are opaque and do not properly describe their procedures.

Carbon Market Watch response to Verra consultation on a new methodology for harvest deferral

Verra has launched a public consultation on a new methodology, developed by NCX, which proposes methods for the generation of carbon credits from activities aimed at deferring timber harvest by as little as one year. This response covers Carbon Market Watch’s (CMW) main comments on the methodology. It does not provide detailed advice on specific …

Carbon Market Watch response to Verra’s proposed “tonne-year accounting” method

Verra is proposing to introduce tonne-year accounting, a method whereby it would issue credits representing the permanent storage of 1tCO2 to projects that store carbon temporarily. Each tonne sequestered for one year would be worth one “tonne-year” and one hundred tonne years would make up one carbon credit. For example, storing 1 tonne for 100 …

Comments on proposed Verified Carbon Standard (VCS) project for reducing emissions from deforestation and forest degradations in Papua New Guinea

Kanaka Management Services Private Limited, a project developer, has proposed a Verra Verified Carbon Standard (VCS) project entitled ‘REDD+ Project in Oro Province of Papua New Guinea‘. If approved, this proposed project would be the second largest Verra VCS project, generating 8.1 million credits annually for 100 years. The proposed project was open for public …