Motivated by a desire to keep down the cost of achieving its climate targets, the EU has failed to rule out the double counting of emissions reductions under its Carbon Removals Certification Framework. By so doing it is undermining established standards and its own policies.
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 …
Our latest FAQ has the answers to everything you always wanted to know about global carbon markets
Esta guía ofrece una introducción al estado actual de los mercados internacionales de créditos de carbono. Describe los elementos principales de los nuevos mercados establecidos en virtud del Acuerdo de París, así como el funcionamiento del mercado voluntario de carbono, que opera al margen del sistema de la ONU. Concluye con un debate sobre el papel que juegan estos mecanismos en la acción climática y sobre cómo deben y no deben utilizarse.
Este guia é uma introdução ao estado atual dos mercados internacionais de créditos de carbono. Apresenta os principais elementos dos mercados recentemente criados no âmbito do Acordo de Paris e o funcionamento do mercado voluntário de carbono, que opera fora do sistema das Nações Unidas. Conclui com um debate sobre o papel destes mecanismos na ação climática e sobre a forma como devem e não devem ser utilizados.
Ce guide présente l’état actuel des marchés internationaux de crédits carbone. Il présente les éléments clés des marchés nouvellement établis dans le cadre de l’Accord de Paris, ainsi que le fonctionnement du marché volontaire du carbone, qui opère en dehors du système des Nations unies. Il se termine par une discussion sur le rôle de ces mécanismes dans l’action climatique et sur la manière dont ils devraient ou ne devraient pas être utilisés.
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.
In response to Gold Standard’s consultation on its proposed methodology for a just transition through the early phase out of coal-fired power plants, Carbon Market Watch submitted this response.
Despite the wishful thinking of champions of carbon offsetting at COP28, the voluntary carbon market will only play a role in tackling the climate crisis with stricter standards and greater transparency.
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