Motivated by a desire to keep down the cost of achieving its climate targets, the EU has failed to rule out the double counting of emissions reductions under its Carbon Removals Certification Framework. By so doing it is undermining established standards and its own policies.
Our latest FAQ has the answers to everything you always wanted to know about global carbon markets
The recent drop in prices on the EU’s Emissions Trading System (EU ETS) threatens to slow industrial decarbonisation and to deprive state treasures of urgently needed funds for climate action.
Progress on corporate climate claims and new guidance from the Science-Based Targets Initiative (SBTi) could help ensure that carbon credits are used more for green action than greenwashing inaction.
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.
EU’s underwhelming 2040 climate target shifts responsibility to future generations
BRUSSELS, 23 January 2024 – EUCityCalc has officially launched its free, open source online platform that allows local councils and other stakeholders to visualise and simulate low-carbon scenarios for their towns and cities, as well as to assess the trade-offs related to available choices. Although the European Green Deal and the European Union’s other climate …
Torn between countries demanding that Article 6 carbon markets be available with virtually no restrictions and countries insisting on upholding transparency, human rights, and climate ambition, negotiators at COP28 failed to break the deadlock. With all the unresolved problematic issues, the fact that they reached no deal was better than agreeing to a bad one that would torpedo the Paris Agreement.
Article 6 of the Paris Agreement sets out the principles for carbon markets. At COP28, governments will further develop the rules governing these markets.
Carbon Market Watch will be at this year’s climate change conference (COP28) in Dubai to demand, along with civil society allies, that major polluters speed up their decarbonisation and turn back the dial on accelerating global heating.
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