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).
What do camels, whales and breast-fed babies have in common? They’ve all been put forward as ways to offset emissions. We delve into some of the weirdest carbon crediting ideas and explain why they do not work for the climate.
While Carbon Market Watch welcomes the introduction of UNFCCC guidelines for the net-zero pledges of businesses and other non-state major emitters, these guidelines must be designed to lead to actual accountability of these actors. Clear and ambitious criteria must be set for these net-zero pledges. Moreover, the guidelines cannot leave any room for offsetting as …
Read more “Carbon Market Watch submission on UNFCCC Recognition and Accountability Framework”
After years of campaigning by activists, the tide is finally turning on the idea of companies buying carbon credits to compensate for their emissions. But how exactly is carbon offsetting harmful and what’s the alternative?
A new type of carbon credit created at the Sharm el-Sheikh climate conference provides an overdue alternative to the offset claim. This signals a path towards more honest climate accounting and fewer loopholes for potential greenwashing.
Like dry water and hot snow, carbon-neutral fossil fuels are pipe dreams and marketing gimmicks that do nothing to protect the climate, a new Carbon Market Watch investigation reveals. Jonathan Crook investigates. In case you haven’t heard, there’s a new greenwashing trend spreading like wildfire. It consists of oil and gas giants, like Shell, Total, …
Read more “Net-zero illusions: The rise of ‘carbon-neutral’ fossil fuels”
A new Carbon Market Watch report thoroughly investigates the growing number of fossil fuels that are being marketed as “carbon neutral” and concludes that they amount to brazen greenwashing. Published ahead of the COP26, the document challenges governments and industry to halt greenwashing practices and commit to binding fossil fuel phaseouts. Today, Carbon Market Watch …
Read more “Net-zero pipe dreams: Carbon-neutral fossil fuel claims amount to greenwashing”
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