offsetting

Opinion
By Jonathan Crook on 27 May 2021

UN negotiators search (yet again) for common ground on carbon markets

Paris Agreement Article 6 must reduce emissions fairly and effectively For CMW’s overall perspective on Article 6, see here. We have also been publishing a series of technical submissions, responding to a call for input from the UNFCCC: April, May, June. Technical discussions at the UN climate body UNFCCC on the Paris Agreement carbon market…

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Briefings
22 Apr 2021

Recommendations on forests in voluntary carbon markets

An NGO statement on forests in voluntary carbon markets Summary Forest protection and restoration is in urgent need of increased financial support, but cannot be used to offset fossil emissions Financial contributions should be directed at jurisdictional programs addressing deforestation and forest degradation, rather than stand-alone projects, as they provide incentives for improved land use…

Opinion
By Gilles Dufrasne on 23 Mar 2021

Five stories from new voluntary offsets data

The recent uptick in interest for voluntary offsets invokes certain concerns, but it also comes with a few benefits. One of these is the push for more transparency. A new public database tracking information about voluntary offsets from the four largest standards was launched by Trove Intelligence. It adds to similar platforms such as those…

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Briefings
15 Dec 2020

Above and Beyond Carbon Offsetting – Alternatives to Compensation for Climate Action and Sustainable Development

Executive summary Relying on carbon offsets to meet climate targets is risky and unsustainable. Carbon credits can have low environmental integrity, and they will become increasingly difficult to source as countries need to “keep” their reductions to meet domestic targets. When companies purchase a carbon credit generated in a country that also has a climate…

Briefings
15 Dec 2020

Results-Based Finance in the Paris Era – Considerations to Maximise Impact

This report by NewClimate Institute was commissioned by Carbon Market Watch Summary In order to reach the goals of the Paris Agreement, it is essential to rapidly move from a zero-sum offsetting approach towards rapid transitions to decarbonise all emitting sectors. Though originally developed for offsetting, using aspects of carbon market mechanisms to deliver results-based…

Carbon markets in a crystal ball: what does the future look like?

WEBINAR recording is available on YouTube, or watch below Date and time Wednesday, December 16th, 16-17:15 (CET) Background With numerous “net zero” and “carbon neutrality” pledges being announced, carbon markets are booming, but does this equal climate action? In this webinar, we will discuss the new financial sector-led taskforce to “scale up” the voluntary market,…

16 Dec 2020

Briefings
24 Nov 2020

Carbon markets and agriculture – why offsetting is putting us on the wrong track

A joint briefing by Carbon Market Watch, Secours Catholique, CCFD – Terre Solidaire and Institute for Agriculture & Trade Policy (IATP) Executive summary Climate mitigation projects in the agriculture sector, particularly those focused on storing carbon in soils, are increasingly being tied to carbon markets. But the impact of these initiatives is highly questionable. First,…

Policy Submissions
29 Oct 2020

Carbon Market Watch feedback to Gold Standard’s document “Operationalising and scaling post-2020 carbon markets”

Carbon Market Watch welcomes Gold Standard’s vision for the post-2020 voluntary market and supports the idea of developing a new type of claim which would not be used for compensation of greenhouse gas emissions. If carbon credits continue to be used as offsets/compensation, we also support the position that this should only be possible if…

Opinion
28 Oct 2020

“Offsetting must not be a license to continue polluting”

We joined the World Press Clubs Alliance for Climate launch event on Friday 23 October. Watch the interview with Sabine Frank here. Companies and governments are announcing “climate-neutrality” targets, and consumers are being offered ways to offset their carbon footprint. What does this mean in practice? How can we distinguish between real climate action and…

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