COP29: Carbon markets need to be fixed but are no quick fix for climate crisis
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.
New CMW study and SBTi assessment highlight risks associated with carbon offsetting
Fresh evidence published by the Science Based Targets initiative (SBTi) confirms the unsuitability of carbon offsetting to meet emissions targets, echoing the findings of a new Carbon Market Watch study that casts doubt over the fairness of financial flows in the voluntary carbon market (VCM).
FAQ: Social Climate Fund
Our latest FAQ has the answers to everything you always wanted to know about the Social Climate Fund
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.
More harm, more foul: Carbon crediting project exposes widespread human rights violations
Human rights violations committed against the Chong people in Cambodia are indicative of a wider malaise afflicting carbon crediting projects. Not only must the rights of indigenous peoples and local communities be safeguarded, they must also profit from fair benefit sharing arrangements.
COP28: Article 6 failure avoids a worse outcome
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.
Taming the Wild West of the voluntary carbon market
Despite the wishful thinking of champions of carbon offsetting at COP28, the voluntary carbon market will only play a role in tackling the climate crisis with stricter standards and greater transparency.
COP28: Warming up to the challenge of record temperatures
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.
A breath of fresh air or an ill wind: The human benefits and costs of decarbonising coal regions
With its focus on tonnes of carbon dioxide discharged into the atmosphere, the EU’s Emissions Trading System can appear to be technical and immaterial to most people. To uncover the human dimension of the EU ETS, with its challenges and opportunities, Carbon Market Watch and The Green Tank, visited Greece’s main lignite-producing region as it …
Penetrating the technical fog clouding Article 6 carbon markets
Following the technical deadlock and glacial pace of progress at the Bonn climate conference, negotiators need to get their act together before COP28. Climate commitments should shape the further development of carbon markets under Article 6 of the Paris Agreement, otherwise the environment and society will lose out.
