COP28: Removing ambition from Article 6 carbon markets
Carbon removals are again on the negotiating table at COP28 in Dubai. And, again, the text is inadequate.
CMW’s views on Article 6.4 SB’s recommendations to CMA
After much debate and many meetings, the Article 6.4 Supervisory Body concluded its draft recommendations on removals and on methodological requirements on 17 November, and forwarded them for countries’ consideration at COP28. If they are adopted, they will have significant repercussions on how methodologies are developed and on how removal activities would feature in the Article 6.4 market. Whether these …
Read more “CMW’s views on Article 6.4 SB’s recommendations to CMA”
CMW’s COP28 recommendations to SBSTA on key Article 6 topics
The below table provides CMW’s recommendations concerning key Article 6 topics on which SBSTA is mandated to provide recommendations/guidance for adoption by the CMA at COP28. These recommendations build on a previous set of recommendations CMW had prepared ahead of SB 58. To summarise, for Article 6.2: Sequencing: The 6.2 process should have clearly separated, …
Read more “CMW’s COP28 recommendations to SBSTA on key Article 6 topics”
EU institutions draw battle lines on certifying carbon removals
Today’s vote at the European Parliament paves the way to interinstitutional negotiations on the Carbon Removals Certification Framework. The EU institutions urgently need to hammer out the many imperfections of the CRCF to ensure that carbon removals become an effective climate action tool.
Join CMW in demanding a firewall between emissions reductions, land sequestration and carbon removals
Carbon Market Watch calls on organisations, businesses and academics to join its open call for the EU to explicitly separate its targets and policies for emissions reductions, carbon sequestration in the land sector and permanent removals in its post-2030 climate framework.
Creating an alternative carbon removals policy architecture for the EU
The European Union is starting the long process towards establishing the bloc’s post-2030 climate policy framework and Carbon Market Watch wants to make sure that slashing emissions is the absolute priority.
European Parliament inches towards improving Carbon Removal Certification Framework (CRCF)
The European Parliament has raised the bar on the proposed legislation for regulating carbon removals but the EU is still far away from a framework that would truly benefit the climate.
IEA warns against betting on carbon removals to reach net zero
The International Energy Agency (IEA) confirms that delayed emissions cuts will leave us overly dependent on the panacea of carbon removals, which will deepen the climate crisis and make it costlier to humanity.
How current carbon removals policy frameworks fail to benefit the climate
A recent report by Carbon Market Watch of 20 global, EU, national and sub-national climate policy frameworks shows that not one governs carbon removals in an environmentally sound way.
DACCS evasion: How green policies risk enabling fossil fuel giants to pollute and profit
American fossil fuel companies are tapping taxpayer money to invest heavily in energy-guzzling Direct Air Carbon Capture and Storage (DACCS), all to continue pumping out oil. This has serious ramifications for the climate and global efforts to decarbonise.
