To ensure that the new carbon market under Article 6 of the Paris Agreement benefits the climate and society, the supervisory authority set up to govern it must get the rules absolutely right. That is why Carbon Market Watch submitted a set of recommendations.
The standards bodies operating in the voluntary carbon market must ensure that climate projects take the rights and concerns of local and indigenous communities into account and offer them avenues for redress. A review conducted on behalf of Carbon Market Watch found that only one standard body, Gold Standard, provides appropriate recourse to file grievances …
Read more “Blocked avenues for redress: Shedding light on carbon market grievance mechanisms”
A new type of carbon credit created at the Sharm el-Sheikh climate conference provides an overdue alternative to the offset claim. This signals a path towards more honest climate accounting and fewer loopholes for potential greenwashing. The outcome on carbon markets at COP27 was generally poor. Negotiators failed to set basic oversight and transparency checks …
Read more “Was COP27 the beginning of the end for corporate offsetting?“
The Sharm el-Sheikh climate conference’s final deal on Article 6 opens the door to secret carbon market deals between countries with little oversight. On a positive note, a new type of carbon credit could help spell the end of offsetting, but the agreement falls far short of what is needed.
Under the shadow of the worsening climate crisis, COP27 kicks off early next week. We’ll be there to influence the conversations on global carbon markets as much as we can, guided by our vision of a socially just and decarbonised future. Two years into the make or break decade for the climate, COP27 is a …
As Carbon Market Watch prepares to attend the COP27 climate conference in Sharm el-Sheikh, we urge the international community to commit to far more ambitious climate action. Negotiators must design effective and fair carbon markets under Article 6 that complement rather than replace rapid and massive emissions reductions. The COP27 climate conference in Sharm el-Sheikh (6-18 November …
The rules governing carbon markets agreed at the COP26 in Glasgow need to be translated into functioning and effective mechanisms at COP27 in Sharm el-Sheikh. This handy Carbon Market Watch guide explains Article 6 of the Paris Agreement, how it works and main the issues at stake.
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 …
The conclusions on Article 6.4 from Subsidiary Body for Scientific and Technological Advice (SBSTA 56) invited observer organisations to make submissions on “any of the elements referred to in decision 3/CMA.3, paragraph 7, for consideration by the SBSTA.” Carbon Market Watch welcomed the opportunity to share our views on Article 6.4 with negotiators. This document …
The conclusions on Article 6.2 from Subsidiary Body for Scientific and Technological Advice (SBSTA 56) invited observer organisations to make submissions on “any of the elements referred to in paragraphs 3, 6, 7 and 10 of decision 2/CMA.3 for consideration by the SBSTA.” Carbon Market Watch welcomed the opportunity to share our views on Article …
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