In light of the Article 6.4 negotiations at COP29 in Baku, and the possibility for the Parties to the Paris Agreement (CMA) to give further guidance on the development of the Article 6.4 carbon crediting mechanism, Carbon Market Watch has prepared recommendations on CMA’s further guidance to the Article 6.4 Supervisory Body.
Article 6 is a key priority of Azerbaijan’s COP29 presidency, putting high pressure on countries to come to an agreement at the upcoming climate summit. At the same time, the role that Article 6 carbon markets play in the wider context of achieving our Paris Agreement goals hinges on the quality of the agreement. This …
Read more “Article 6 carbon markets at COP29: Carbon Market Watch’s recommendations”
Not only does the Climate Law not mention the different roles of biogenic sequestration by natural sinks and permanent removals, but it also fails to determine how much or which type of removals should be used to reach the net-zero target by 2050, or how much residual emissions will be allowed at that point.
The EU needs a clear and comprehensive strategy that is mindful of the risks, challenges and opportunities of supporting the development and scale-up of a sufficient supply of permanent removals.
The Article 6.4 Supervisory Body aims to adopt the sustainable development (SD) tool at its next meeting in September/October. This tool is the main instrument to safeguard environmental, ecological and human rights, including the rights of Indigenous People.
Maintaining the incentive to decarbonise should be the guiding principle of the UK ETS, ensuring covered emissions go to zero or near zero.
Carbon Market Watch gives specific feedback to rules considering a Monitoring, Reporting, and Verification (MRV) system for non-CO2 aviation effects, and deplores the serious weakening of the commitments compared to earlier rules.
There is no way around it: the EU LULUCF carbon sink is shrinking. Carbon Market Watch recommends three key areas for improvement in the next revision of the LULUCF Regulation
In response to a European Commission consultation, CMW outlined its view on the role of permanent carbon capture and utilisation in the EU’s Emissions Trading System.
Carbon Market Watch has prepared a set of recommendations for Article 6 negotiators ahead of the UNFCCC climate change conference taking place in Bonn from 3-13 June 2024 (SB 60).
Stay in touch and receive our monthly newsletter, campaign updates, event invites and more.
