Carbon Market Watch submitted input on the ‘Draft Standard: Addressing non-permanence/reversals‘.
This draft standard aims to address the more detailed requirements for any Article 6.4 activity with a reversal risk. It builds on decisions already made by countries under the Paris Agreement (CMA) and the Article 6.4 Supervisory Body (SBM). It is the document that will determine how well Article 6.4 can safeguard permanence, a major problem in carbon markets today.
This document proposes two options for a standard on non-permanence/reversals.
Option 1 is a combination of Appendix 1 and 2, and provides a good basis for a Standard on non-permanence/reversals. However, changes are still required in order for this option to be truly robust. We have outlined these in our submission.
Option 2, consisting of Appendix 3, contains many shortcomings and inconsistencies with existing guidance, and would not be able to address non-permanence and reversals in a way that is aligned with science. Our submission contains examples of these shortcomings.
