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 …
Read more “Behind the green curtain: big oil and the voluntary carbon market”
Dozens of stakeholders have signed a joint statement urging companies and organisations to ditch outdated ‘carbon neutrality’ models and replace them with robust alternative approaches to climate action outside corporate value chains that provide much-needed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.
Despite the best efforts of activists and some climate negotiators, the agreement reached on Article 6 carbon markets at COP29 in Baku risks facilitating cowboy carbon markets at a time when the world needs a sheriff.
The apparent progress made on Article 6 carbon markets during week 1 of the COP29 climate conference conceal many problematic fundamental and technical issues that remain unresolved.
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 …
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.
At the COP29 climate conference in Baku, negotiators need to fix Article 6 carbon markets but, most importantly, they need to fix the world’s failure to slash emissions.
‘Questioning the integrity of the voluntary carbon market’ is a new series of Carbon Market Watch video explainers that answers your question on this neglected topic.
Many of the lofty announcements made at last year’s COP28 climate conference in Dubai have yet translate into action weeks ahead of COP29 in Baku.
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