Numerous changes are particularly needed in the Supervisory Body’s draft recommendations regarding removal activities, including with regard to the need for: long-term monitoring, a science-based process to determine reversal risk, clarifications on how reversals are remediated, and strengthened safeguards to uphold the rights of Indigenous Peoples. For more information, including Carbon Market Watch’s text proposals, please consult our full submission.
Carbon Market Watch welcomes the opportunity to provide feedback on the United States’ Commodity Futures Trading Commission’s (CFTC) proposed guidance on the voluntary carbon market (VCM). Regulating financial transactions in the VCM, including but not limited to futures transactions, is important to plug some of the most gaping holes in the current VCM infrastructure. Financial …
Read more “Carbon Market Watch response to the CFTC’s proposed guidance on Voluntary Carbon Credit Derivative Contracts”
Carbon Market Watch welcomes the Call for Input for the annotated agenda and related annexes of the next meeting of the Article 6.4 Supervisory Body. We would hereby like to submit input on A6.4-SB010-AA-A04 – Draft procedure: Appeal and grievance processes under the Article 6.4 mechanism. For a grievance process, it is of utmost importance …
Read more “Carbon Market Watch inputs to the Article 6.4 Supervisory Body ahead of its 10th meeting: appeal and grievance processes”
Before the Article 6.4 Supervisory Body’s 10th meeting from 26 February to 1 March 2024, Carbon Market Watch prepared inputs on the draft document, “Concept note: Operation of the mechanism registry (v01.0)”. The mechanism registry will be a core part of the Article 6 infrastructure, and all activity- and unit-related data must be made accessible to …
Read more “CMW inputs to the Article 6.4 Supervisory Body ahead of its 10th meeting: Operation of the mechanism registry”
In response to Gold Standard’s consultation on its proposed methodology for a just transition through the early phase out of coal-fired power plants, Carbon Market Watch submitted this response.
The Free Allocation Regulation (FAR) revision is a necessary step to ensure the last years of the free allocation system are coherent with the aim of a full phase-out by 2030 (or 2034 for CBAM sectors) and provide the investment signals necessary to funnel funding into industrial decarbonisation.
This collaborative submission on the effectiveness of Environmental Attribute Certificates was sent to the Science-Based Targets Initiative. It consists of 45 pieces of evidence, delivered in nine separate submissions (of five pieces of evidence each). This submission is a collaboration between Carbon Market Watch and NewClimate Institute. All pieces of evidence submitted are in …
Read more “Response to the SBTi call for evidence on the effectiveness of Environmental Attribute Certificates in climate targets”
After much debate and many meetings, the Article 6.4 Supervisory Body concluded its draft recommendations on removals and on methodological requirements on 17 November, and forwarded them for countries’ consideration at COP28. If they are adopted, they will have significant repercussions on how methodologies are developed and on how removal activities would feature in the Article 6.4 market. Whether these …
Read more “CMW’s views on Article 6.4 SB’s recommendations to CMA”
The below table provides CMW’s recommendations concerning key Article 6 topics on which SBSTA is mandated to provide recommendations/guidance for adoption by the CMA at COP28. These recommendations build on a previous set of recommendations CMW had prepared ahead of SB 58. To summarise, for Article 6.2: Sequencing: The 6.2 process should have clearly separated, …
Read more “CMW’s COP28 recommendations to SBSTA on key Article 6 topics”
This paper addresses the introduction of an Expected Emission Reductions (EER) methodology, which aims to reward financial institutions (FIs) for their role in achieving emissions avoidances through the transition plans of their investees and clients.
