Despite the best efforts of activists and some climate negotiators, the agreement reached on Article 6 carbon markets at COP29 in Baku risks facilitating cowboy carbon markets at a time when the world needs a sheriff.
Many of the lofty announcements made at last year’s COP28 climate conference in Dubai have yet translate into action weeks ahead of COP29 in Baku.
Carbon Market Watch welcomes the Call for Input for the annotated agenda and related annexes of the next meeting of the Article 6.4 Supervisory Body. We would hereby like to submit input on A6.4-SB010-AA-A04 – Draft procedure: Appeal and grievance processes under the Article 6.4 mechanism. For a grievance process, it is of utmost importance …
Before the Article 6.4 Supervisory Body’s 10th meeting from 26 February to 1 March 2024, Carbon Market Watch prepared inputs on the draft document, “Concept note: Operation of the mechanism registry (v01.0)”. The mechanism registry will be a core part of the Article 6 infrastructure, and all activity- and unit-related data must be made accessible to …
Following the technical deadlock and glacial pace of progress at the Bonn climate conference, negotiators need to get their act together before COP28. Climate commitments should shape the further development of carbon markets under Article 6 of the Paris Agreement, otherwise the environment and society will lose out.
Regarding the two documents, “Draft recommendations (Annex 5 to the SB002 annotated agenda)” and the in-meeting working document on “Recommendations for activities involving removals under the Article 6.4 mechanism” (SB002 in-meeting working document), Carbon Market Watch would like to submit the below input. We would also like to recall our input – prior to the …
Two weeks of negotiations show governments are keen to get global carbon market mechanisms up and running, but much work lies ahead to ensure transparency, environmental integrity and respect for human rights.
Date and Time: 16:45-18:00 UK time, 09 November 2021. Location: Scottish Event Campus, Loch Lomond room (maximum capacity: 144 people). Watch online here. Background: Low-income countries have barely benefitted from United Nations Framework Convention on Climate Change (UNFCCC) flexible mechanisms. This COP26 side event will focus on solutions for the UNFCCC and voluntary carbon markets …
Read more “Can carbon markets benefit developing countries?”
Introduction: The UK COP Presidency has planned informal ministerial consultations on July 7 and July 12, in order to make progress on Article 6, which is still in stalemate despite recent technical discussions. Ministers have been asked to discuss a set of framing questions on three key sticking points: double counting of emissions, possible transition …
Read more “Briefing for ministerial discussions on Article 6 of the Paris Agreement”
Time to tackle the thorny issues at UN carbon market talks Next week, UN negotiators continue the talks on the Paris Agreement’s Article 6 which lays the foundation for future global carbon markets. It is the last open element of the so-called Paris Rulebook to implement the global climate deal. Political leaders have failed to …
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