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.
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.
Article 6 of the Paris Agreement sets out the principles for carbon markets. At COP28, governments will further develop the rules governing these markets.
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.
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.
The new body tasked with designing and supervising the global carbon market under the Paris Agreement must put in place environmental safeguards and protect the interests of local and indigenous communities.
Two weeks of negotiations show governments are keen to get global carbon market mechanisms up and running, but much work lies ahead to ensure transparency, environmental integrity and respect for human rights.
Negotiators must prioritise human rights, transparency and environmental integrity as they hammer out the framework for carbon markets under Article 6 of the Paris Agreement.
A proposed carbon offsetting project in Papua New Guinea, which has been labelled a “scam” by a local politician, appears to be of questionable environmental benefit and has seemingly failed to consult with local communities sufficiently and transparently, a Carbon Market Watch analysis concludes.
The rules governing carbon markets agreed at the COP26 in Glasgow have sparked significant interest and confusion. If you are among the perplexed, this handy Carbon Market Watch guide provides answers to frequently asked questions about Article 6 of the Paris Agreement.
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