Joint letter – Common ground: Credibly funding beyond value-chain climate action
This joint statement outlines a robust alternative to the “carbon neutrality” model of corporate climate finance.
Dozens endorse statement on alternative approach to climate action outside corporate value chains
Dozens of stakeholders have signed a joint statement urging companies and organisations to ditch outdated ‘carbon neutrality’ models and replace them with robust alternative approaches to climate action outside corporate value chains that provide much-needed finance without making unsubstantiated claims.
Cooking the climate books: New peer-reviewed study finds carbon credit impact vastly overstated
Over 80% of carbon credits issued by more than 2,000 projects have a much lower climate impact than they claim, a new meta study finds. This has serious implications for the role of carbon markets in combating the climate crisis. The peer-reviewed paper, whose lead author was Benedict Probst of the Max Planck Institute appeared …
New CMW study and SBTi assessment highlight risks associated with carbon offsetting
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).
Why carbon offsetting undermines climate targets – Joint NGO statement
In this joint statement, 80 civil society organisations, including Carbon Market Watch, express their opposition to the use of carbon credits for offsetting purposes and the recent move towards relaxing rules surrounding indirect scope 3 emissions, such as the recent controversy at the Science-based Targets initiative (SBTi). Climate targets must focus primarily on the reduction …
Read more “Why carbon offsetting undermines climate targets – Joint NGO statement”
Euro 2024 fails to score its most important climate goal
As Euro 2024 kicks off, the tournament has been caught offside with some of its climate claims. UEFA must do better to tackle its carbon footprint.
(E)mission improbable: Five weird and unworkable carbon offsetting ideas
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.
Pricing the priceless: Lessons for biodiversity credits from carbon markets
Biodiversity markets are meant to channel private sector funding towards schemes that aim to conserve and restore biodiversity. In its current form, the unregulated funding schemes are reminiscent of the voluntary carbon market, which has a track record of supplying poor quality, cheap credits that inadequately transfer funds to the Global South.
CMW’s submission to India’s Central Consumer Protection Authority request to combat greenwashing
Carbon Market Watch welcomes the opportunity to submit input to India’s Central Consumer Protection Authority’s draft guidelines on greenwashing.
Science Based Targets initiative (SBTi) Board of Trustees’ decision on offsetting undermines science and endangers the climate
Carbon Market Watch strongly condemns the SBTi Board of Trustees’ announcement to recognise carbon credits as a way to “abate” scope 3 emissions. These indirect, value chain emissions usually make up the lion’s share of a company’s carbon footprint.
