What does proposed EU 2040 target mean for climate action?
The European Commission’s unambitious proposed climate target for 2040 risks becoming riddled with loopholes and delaying urgent climate action. This in-depth analysis explains how and why.
Behind the green curtain: big oil and the voluntary carbon market
Shell was the world’s largest user of carbon credits in 2024, a year in which fossil fuel companies dominated the voluntary carbon market. This allows them to pretend they are taking significant climate action, while continuing with business as usual. Since the ratification of the Paris Agreement, companies have shifted the way they consider and …
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Cooking the climate books: New peer-reviewed study finds carbon credit impact vastly overstated
Over 80% of carbon credits issued by more than 2,000 projects have a much lower climate impact than they claim, a new meta study finds. This has serious implications for the role of carbon markets in combating the climate crisis. The peer-reviewed paper, whose lead author was Benedict Probst of the Max Planck Institute appeared …
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.
Will Bonn reset lead to Baku handshake on Paris Agreement’s Article 6?
The latest round of UN climate negotiations in Bonn has laid the groundwork for the power players to finally agree at COP29 on transparency and wider quality issues of Article 6 carbon markets. Our CMW team reports.
CORSIA: Hot air carbon credits cannot offset polluting planes
The first carbon credits issued under the UN’s CORSIA offsetting scheme will do nothing to bring down the aviation sector’s sky high emissions.
FAQ: Everything you need to know about Article 6 at COP28
Article 6 of the Paris Agreement sets out the principles for carbon markets. At COP28, governments will further develop the rules governing these markets.
Was COP27 the beginning of the end for corporate offsetting?
A new type of carbon credit created at the Sharm el-Sheikh climate conference provides an overdue alternative to the offset claim. This signals a path towards more honest climate accounting and fewer loopholes for potential greenwashing.
COP27 FAQ: Article 6 of the Paris Agreement explained
The rules governing carbon markets agreed at the COP26 in Glasgow need to be translated into functioning and effective mechanisms at COP27 in Sharm el-Sheikh. This handy Carbon Market Watch guide explains Article 6 of the Paris Agreement, how it works and main the issues at stake.
