A new Carbon Market Watch analysis, based on currently available project data, has uncovered that the first project transitioning from the CDM to the Article 6.4 market is poised to issue an astonishing 27.4 times more credits than it should as compared to the values from peer-reviewed scientific literature.
Tech giant Amazon now sells carbon credits to its corporate customers. While this offers companies a low-cost way to appear to be taking climate action, it does nothing to cut their real-world emissions.
The decision by the Integrity Council for the Voluntary Carbon Market (ICVCM) to withhold its stamp of approval from the most problematic cookstove methodologies and to approve a good methodology is a welcome step in the right direction but more needs to be done.
Article 6 of the Paris Agreement sets out the principles for carbon markets. At COP28, governments will further develop the rules governing these markets.
The banking sector’s anticipated upswing in investment in the voluntary carbon market has failed to materialise, new research reveals.
Taylor Swift claims she can offset the immense carbon footprint of her private jet but the only way for high-flying celebrities and the superrich to reduce their climate impact is to fly less and choose more sustainable forms of transport.
A spate of recent studies are being used to claim a causal link for companies that offset their emissions between their use of carbon credits and their rate of internal decarbonisation. However, the available evidence tells a different story about whether or not companies exploit carbon markets as a licence to pollute.
As the world grapples with the grave threat of climate change, the voluntary carbon market (VCM) has emerged as a policy tool in the global effort to reduce greenhouse gas emissions. But what role does sustainable development play in the VCM?
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