Latest news and publications
Dozens endorse statement on alternative approach to climate action outside corporate value chains
Dozens of stakeholders have signed a joint statement urging companies and organisations to ditch outdated ‘carbon neutrality’ models and replace them with robust alternative approaches to climate action outside corporate value chains that provide much-needed finance without making unsubstantiated claims.
FIFA’s foul, irresponsible, farcical, and absurd approach to the climate
Despite its talk of making the World Cups climate friendly, FIFA is clearly following the money, whether it is from wealthy and polluting corporate sponsors or countries with questionable human rights and sustainability credentials.
FAQ: Fixing Article 6 carbon markets at COP29
Article 6 of the Paris Agreement sets out the principles for carbon markets. At COP29, governments must fix all the outstanding issues so as to ensure that Article 6 advances, rather than sets back, the climate agenda. This detailed guide explains what is at stake.
Not banking on carbon markets
The banking sector’s anticipated upswing in investment in the voluntary carbon market has failed to materialise, new research reveals.
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.
2030 climate targets of over 50 top corporations significantly off track to keep within 1.5°C limit
At a time when global carbon emissions need to be almost halved by 2030, 51 major corporations’ climate commitments amount only to reducing their median carbon footprint by as little as 30%, reveals the 2024 Corporate Climate Responsibility Monitor. Tighter regulations from governments are needed to raise the bar, both for companies which are taking insufficient action, and those who are not doing anything at all.
Joint letter – Common ground: Credibly funding beyond value-chain climate action
This joint statement outlines a robust alternative to the “carbon neutrality” model of corporate climate finance.
Complaint: Verra’s non-compliance with Integrity Council for Voluntary Carbon Market (ICVCM) grievance mechanism rules
Carbon Market Watch filed this complaint with the Integrity Council for Voluntary Carbon Market (ICVCM) to flag that Verra’s “review” of Human Rights Watch’s grievance related to Cambodia’s Southern Cardamom REDD+ project does not comply with the ICVCM Assessment Framework provisions on grievance mechanisms.
Recommendations to Paris Agreement countries on further guidance to the Article 6.4 Supervisory Body
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.
