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).
Euro 2024 fails to score its most important climate goal
As Euro 2024 kicks off, the tournament has been caught offside with some of its climate claims. UEFA must do better to tackle its carbon footprint.
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.
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.
The evolution of sustainable development in the voluntary carbon market
As the world grapples with the grave threat of climate change, the voluntary carbon market (VCM) has emerged as a policy tool in the global effort to reduce greenhouse gas emissions. But what role does sustainable development play in the VCM?
Carbon removals are no magic climate or development bullet
The UN-backed ‘Carbon Removal Pioneers’ stoke the development dreams of African countries but crash against the reality of climate science.
New UN global carbon market must involve civil society to serve the climate and local communities
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.
