Listen to the science

Science Based Targets initiative (SBTi) Board of Trustees’ decision on offsetting undermines science and endangers the climate

Carbon Market Watch strongly condemns the SBTi Board of Trustees’ announcement to recognise carbon credits as a way to “abate” scope 3 emissions. These indirect, value chain emissions usually make up the lion’s share of a company’s carbon footprint.

Decade of (in)action: Are corporate 2030 climate plans fit for purpose?

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.

Open letter on the use of carbon credits to meet scope 3 GHG targets

This joint letter urges the Voluntary Carbon Markets Integrity Initiative (VCMI), the Science Based Targets initiative (SBTi) and the Greenhouse Gas Protocol to refrain from granting companies the “flexibility” to offset a portion of their scope 3 (indirect value chain) emissions. “This approach is counterproductive, and largely backed by actors with direct financial interests in …

Lost in Documentation

Lost in documentation: Transparency in voluntary carbon market registries

This analysis assesses the public availability of project documentation across the four main voluntary carbon market registries: Verified Carbon Standard (VCS), Gold Standard (GS), American Carbon Registry (ACR), and the Climate Action Reserve (CAR). These standards were selected as they collectively issue the majority of the world’s (voluntary market) carbon credits.

Carbon Market Watch response to the CFTC’s proposed guidance on Voluntary Carbon Credit Derivative Contracts

Carbon Market Watch welcomes the opportunity to provide feedback on the United States’ Commodity Futures Trading Commission’s (CFTC) proposed guidance on the voluntary carbon market (VCM). Regulating financial transactions in the VCM, including but not limited to futures transactions, is important to plug some of the most gaping holes in the current VCM infrastructure. Financial …

Carbon Markets 101 – The ultimate guide to market-based climate mechanisms

This guide gives an introduction to the current state of international carbon credit markets. It lays out key elements of the newly established markets under the Paris Agreement, and the functioning of the voluntary carbon market, which operates outside of the UN system. It concludes with a discussion of the role of these mechanisms in climate action, and how they should and should not be used.