The voluntary carbon market (VCM) is often championed as a key tool for combating climate change and funding climate mitigation projects, especially in economically disadvantaged regions like Africa. Despite Africa’s minimal contribution to global greenhouse gas emissions, the continent is heavily impacted by climate change. Recently, the number of VCM projects on the continent has increased …
Read more “Due south: Geographic disparity of project actors in the voluntary carbon market”
The Science Based Targets Initiative (SBTi) launched a public consultation on beyond value chain mitigation (BVCM) which inputs into guidance the SBTi is currently preparing and which will be released in the autumn of 2023. The consultation was divided into nine categories that touched upon BVCM-related definitions, processes, methods, resource deployments and finance, claims, reporting, …
Read more “SBTi BVCM public consultation submission”
Preserving nature, restoring soils and safeguarding biodiversity are urgent and necessary activities. However, branding them as carbon removals is harmful. We need other solutions
Despite the role voluntary carbon markets are meant to play in financing climate action, the exact amount of money reaching climate projects and local communities is shrouded in mystery, while nine out of 10 intermediaries do not disclose their fees or profit margins, a new study commissioned by Carbon Market Watch reveals.
The EU’s recent failure to rise to the unprecedented challenge presented by the climate emergency should not lead us down the path to cynicism but must prod us to redouble our efforts to bring about meaningful change,
WEBINAR recording is available on YouTube, or watch below Date and time Wednesday, December 16th, 16-17:15 (CET) Background With numerous “net zero” and “carbon neutrality” pledges being announced, carbon markets are booming, but does this equal climate action? In this webinar, we will discuss the new financial sector-led taskforce to “scale up” the voluntary market, …
Read more “Carbon markets in a crystal ball: what does the future look like?”
Dear President Juncker, The co-signatories of this letter represent a broad group of business associations, civil society, think tanks and other organisations who are working together to bring strong support to the EU’s commitment to achieve the UN Sustainable Development Goals and the Paris Climate Agreement objectives. We are writing to urge you to ensure …
Read more “Open Letter to President Juncker: Towards an EU budget that is in service of achieving Europe’s climate objectives”
The Green Climate Fund (GCF) board meets from 30 September- 2 October in Cairo, Egypt. Board members are expected to approve 16 funding proposals and accredit 5 new entities that will then be able to distribute funds. The GCF is under pressure to get on with the job of disbursing the 10 billion US dollars …
Read more “Financing partners face criticism as UN’s climate fund meets”
The US President’s withdrawal from international efforts to fight climate change casts a shadow over the future of climate finance. Some EU countries, cities and states within the US have already stepped forward, but more is needed from countries around the world to fill the gap.
March 2017 Dear Members and Alternate Members of the Board: We write to urge you to develop and adopt an investment policy for the treasury of the United Nations Green Climate Fund that maintains its current fossil fuel-free status and is consistent with international best practice for environmental, social, and governance (ESG) standards. To that …
Read more “Open letter to Green Climate Fund Board on keeping the fund fossil fuel free”
