Lacklustre COP27 fails to bring clarity to carbon markets

The Sharm el-Sheikh climate conference’s final deal on Article 6 opens the door to secret carbon market deals between countries with little oversight. On a positive note, a new type of carbon credit could help spell the end of offsetting, but the agreement falls far short of what is needed.

Sunset over peatland

EU’s Carbon Removals Certification Framework is certifiably problematic

Alarm bells for the climate were set off last week by a leak of the European Commission’s proposal for a Carbon Removal Certification Framework (CRCF). The draft leaves many important questions unanswered and vital issues unaddressed, and could usher in an era of greenwashed and money-wasting carbon removals. 

Answer to the call for input 2022 – activities involving removals under the Article 6.4 Mechanism of the Paris Agreement

Regarding the two documents, “Draft recommendations (Annex 5 to the SB002 annotated agenda)” and the in-meeting working document on “Recommendations for activities involving removals under the Article 6.4 mechanism” (SB002 in-meeting working document), Carbon Market Watch would like to submit the below input. We would also like to recall our input – prior to the …

EU member states’ haphazard approach to carbon removals puts climate goals and nature at risk

National governments in the European Union are botching their planning of carbon removals. This lack of strategic thinking and focus on false solutions threatens the climate and biodiversity, a new study reveals.