The Article 6.4 Supervisory Body aims to adopt the sustainable development (SD) tool at its next meeting in September/October. This tool is the main instrument to safeguard environmental, ecological and human rights, including the rights of Indigenous People.
We couldn’t agree more with one of the Article 6 negotiators: the negotiations on Article 6.2 are like being on the Titanic
As the line increasingly blurs between UN REDD+ and Article 6.2 carbon markets, this briefing sets the record straight. This comparison demonstrates that these two systems do not serve the same purpose and do not have comparable quality requirements. Urgent finance is needed for forest conservation, but Article 6.2 carbon markets are not the way.
Carbon Market Watch has prepared a set of recommendations for Article 6 negotiators ahead of the UNFCCC climate change conference taking place in Bonn from 3-13 June 2024 (SB 60).
This submission outlines Carbon Market Watch’s recommendations to the Article 6.4 Supervisory Body, as well as a comparison of the Independent Redress Mechanism of the Green Climate Fund with the current draft appeal and grievance processes.
To ensure that the new carbon market under Article 6 of the Paris Agreement benefits the climate and society, the supervisory authority set up to govern it must get the rules absolutely right. That is why Carbon Market Watch submitted a set of recommendations.
The standards bodies operating in the voluntary carbon market must ensure that climate projects take the rights and concerns of local and indigenous communities into account and offer them avenues for redress. A review conducted on behalf of Carbon Market Watch found that only one standard body, Gold Standard, provides appropriate recourse to file grievances …
Read more “Blocked avenues for redress: Shedding light on carbon market grievance mechanisms”
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.
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.
Under the shadow of the worsening climate crisis, COP27 kicks off early next week. We’ll be there to influence the conversations on global carbon markets as much as we can, guided by our vision of a socially just and decarbonised future.
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