This collaborative submission on the effectiveness of Environmental Attribute Certificates was sent to the Science-Based Targets Initiative. It consists of 45 pieces of evidence, delivered in nine separate submissions (of five pieces of evidence each). This submission is a collaboration between Carbon Market Watch and NewClimate Institute. All pieces of evidence submitted are in …
Read more “Response to the SBTi call for evidence on the effectiveness of Environmental Attribute Certificates in climate targets”
After much debate and many meetings, the Article 6.4 Supervisory Body concluded its draft recommendations on removals and on methodological requirements on 17 November, and forwarded them for countries’ consideration at COP28. If they are adopted, they will have significant repercussions on how methodologies are developed and on how removal activities would feature in the Article 6.4 market. Whether these …
Read more “CMW’s views on Article 6.4 SB’s recommendations to CMA”
The below table provides CMW’s recommendations concerning key Article 6 topics on which SBSTA is mandated to provide recommendations/guidance for adoption by the CMA at COP28. These recommendations build on a previous set of recommendations CMW had prepared ahead of SB 58. To summarise, for Article 6.2: Sequencing: The 6.2 process should have clearly separated, …
Read more “CMW’s COP28 recommendations to SBSTA on key Article 6 topics”
This paper addresses the introduction of an Expected Emission Reductions (EER) methodology, which aims to reward financial institutions (FIs) for their role in achieving emissions avoidances through the transition plans of their investees and clients.
While Carbon Market Watch welcomes the introduction of UNFCCC guidelines for the net-zero pledges of businesses and other non-state major emitters, these guidelines must be designed to lead to actual accountability of these actors. Clear and ambitious criteria must be set for these net-zero pledges. Moreover, the guidelines cannot leave any room for offsetting as …
Read more “Carbon Market Watch submission on UNFCCC Recognition and Accountability Framework”
Ahead of the Article 6.4 Supervisory Body’s 8th meeting, Carbon Market Watch welcomes the opportunity to respond to the call for inputs and has prepared a submission on the Supervisory Body’s ongoing work on developing recommendations on removal activities.
Ahead of the Article 6.4 Supervisory Body’s 8th meeting, Carbon Market Watch welcomes the opportunity to respond to the call for inputs and has prepared a submission on the Supervisory Body’s ongoing work on developing recommendations on methodological requirements (baseline-setting, additionally, etc.).
Carbon Market Watch suggests changes necessary to climate neutrality plans for installations under ETS to guarantee it is not an empty exercise for companies to be able to receive free allowances.
The Science Based Targets Initiative (SBTi) launched a public consultation on beyond value chain mitigation (BVCM) which inputs into guidance the SBTi is currently preparing and which will be released in the autumn of 2023. The consultation was divided into nine categories that touched upon BVCM-related definitions, processes, methods, resource deployments and finance, claims, reporting, …
Read more “SBTi BVCM public consultation submission”
Carbon Market Watch welcomes the opportunity to provide inputs to the Supervisory Body on specific questions pertaining to removal activities. Our inputs respond to questions from the document ‘Guidance and questions for structured consultation on recommendations for activities involving removals’.
