The Voluntary Carbon Market Integrity initiative’s latest guidance on the use of carbon credits by companies undermines VCMI’s stated mission of combating greenwashing and setting out a framework for making valid climate claims. Last year, VCMI published its long anticipated Claims Code of Practice, which provides guidance for companies on how to use carbon credits …
Read more “VCMI’s new framework needlessly endangers its credibility”
CMW applauds United Nations’ Secretary General António Guterres’s calls for the safe and sustainable use of carbon removals while warning that these technologies were not a “silver bullet” and cannot substitute deep emissions cuts.
In the race against accelerating global warming, the 2024 Paris Olympics will not get the games past the finish line, our analysis finds. The only solution is to rethink and reform the mega event
Occidental Petroleum (Oxy) has positioned itself as a global leader in direct air capture, carbon capture and utilisation, and enhanced oil recovery. In ambiguous messaging, the oil and gas company depicts these processes as both an effective tool for tackling the climate crisis and as a mechanism for extending business as usual fossil fuel production and consumption for decades to come.
Carbon Market Watch welcomes the opportunity to submit input to India’s Central Consumer Protection Authority’s draft guidelines on greenwashing.
Tous les quatre ans, le monde se réunit pour célébrer l’événement sportif le plus important, les Jeux olympiques. Les records démontrant les plus grandes performances athlétiques humaines sont battus et célébrés à juste titre, mais alors que l’humanité continue de battre des records de température mondiale beaucoup moins convoités, le rôle des méga-événements doit être mis en évidence, et des cadres organisationnels meilleurs et plus responsables devraient monter sur la plus haute marche du podium.
The world comes together once every four years to celebrate its pinnacle sporting event, the Olympic games. Records demonstrating the greatest human athletic achievements are broken and rightly celebrated, but as humanity continues to smash much less coveted records of global temperatures, the role of mega events has to be highlighted, and better, more responsible organisational frameworks should top the podium.
Aware of the impact of the games on the climate and of record temperatures on the games, organisers of the Paris games have pledged to break records when it comes to reducing the impact of this mega event on the planet. ‘Going for Green’, a Carbon Market Watch and éclaircies report assessing the credibility of these plans reveals that if completely implemented, only 30% of the expected carbon footprint is covered by a robust climate strategy.
As this year’s edition of the CCRM reveals, the median absolute emissions reduction commitments by 2030 for the 51 companies assessed was as little as 30% (and 33% at the most optimistic), whereas the world needs a 43% reduction in greenhouse gas emissions and 48% in carbon emissions below 2019 levels to limit the global temperature increase to 1.5°C.
At a time when global carbon emissions need to be almost halved by 2030, 51 major corporations’ climate commitments amount only to reducing their median carbon footprint by as little as 30%, reveals the 2024 Corporate Climate Responsibility Monitor. Tighter regulations from governments are needed to raise the bar, both for companies which are taking insufficient action, and those who are not doing anything at all.
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