Response to the SBTi call for evidence on the effectiveness of Environmental Attribute Certificates in climate targets

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 …

CMW’s views on Article 6.4 SB’s recommendations to CMA

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 …

CMW’s COP28 recommendations to SBSTA on key Article 6 topics

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, …

Glasgow Financial Alliance for Net Zero (GFANZ) consultation

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.

Carbon Market Watch submission on UNFCCC Recognition and Accountability Framework

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 …

SBTi BVCM public consultation submission

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, …

Article 6.4 public consultation on removals

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’.