November 2024 │ COP29 must fix Article 6 carbon markets
Dear reader,
As news of the re-election of Donald Trump in the United States sends shockwaves around the world, not least amongst environmentalists, we gear up for the latest UN climate conference, COP29.
In this edition, we explore what is at stake in Baku and the urgent need to fix Article 6 to ensure that UN carbon markets function as an effective climate instrument rather than a glorified greenwashing tool. You can find out more on our COP29 landing page.
Don’t forget to follow us on social media, including our new Instagram page, for updates on the ground from Baku.
We also delve into the social justice dimension of climate action. How can we make the forthcoming Emissions Trading System for road transport and buildings (ETS2) both effective for the climate and fair to the vulnerable in society?
That question is central to the new CMW-led LIFE Effect project and is the theme for the latest ETS Talk on 14 November.
We also explore the social ramifications of the vague notion of ‘residual emissions’ and put forward ideas for sharpening the definition of these unavoidable emissions to make them fairer and to ensure that carbon removals are used in a way that serves society as a whole, and not only the wealthiest corporations and individuals.
In a similar vein, we share the blueprint drawn up by a civil society coalition for effective EU carbon removals policies and make the case for a separate target for carbon removals.
Best wishes,
The Carbon Market Watch team
COP29: Carbon markets need to be fixed but are no quick fix for climate crisis
EDITORIAL┃At the COP29 climate conference in Baku, negotiators need to fix Article 6 carbon markets but, most importantly, they need to fix the world’s failure to slash emissions.
Fixing Article 6 carbon markets at COP29
FAQ┃Article 6 of the Paris Agreement sets out the principles for carbon markets. At COP29, governments must fix all the outstanding issues so as to ensure that Article 6 advances, rather than sets back, the climate agenda. This detailed guide explains what is at stake.
Article 6 carbon markets at COP29
CMW’S RECOMMENDATIONS┃CMW has developed recommendations on Article 6.2 and Article 6.4 topics under SBSTA/CMA’s mandate, as well as recommendations to CMA on the work of the Article 6.4 Supervisory Body.
Let’s fix Article 6!
CMW NEWS AND VIEWS
Stakeholder coalition draws up climate-friendly blueprint for EU carbon removal policy
ARTICLE┃Leading figures from academia, civil society and industry have collaborated to create two proposals to clarify key carbon removals principles that should be integrated into the EU Climate Law and relevant climate policies
Why do we need a target for permanent carbon removals?
ARTICLE┃What are permanent removals, and why do we need them? What’s the point of setting a separate target for permanent removals? How much should we rely on them? In this article, carbon removals policy expert Fabiola De Simone addresses these questions.
The missing social justice dimension of residual emissions
ARTICLE┃The way residual or unavoidable emissions are currently defined and dealt with misses an important dimension: fairness.
Project for fair and EFFECTive EU carbon trading policies officially springs into Life
ARTICLE┃CMW is campaigning alongside eight EU and national civil society organisations for the imminent Emissions Trading System for road transport and buildings and the Social Climate Fund to deliver a fair and effective decarbonisation transition. CMW’s Eleanor Scott gives us the low down
PUBLICATIONS
NOTICEBOARD
3 DEC 24 ? 10:30 CET
Towards 2040 and beyond: The role of carbon removals in the EU climate framework
As a supplement to fast, deep and sustained emissions reductions, carbon removals will be needed to balance out the emissions that society deems vital and hard to abate, and to lower historical greenhouse gas concentrations in the atmosphere. Join us on- or offline to discuss a common vision for carbon removals in the EU.
14 NOV 24 ? 15:00h CET
Maximising the Social Climate Fund: Spending measures for a just transition?
The ETS2, the new carbon pricing system for fuel used in buildings and road transport, will begin in 2027. This new ETS Talk will focus on how to maximise the impact of the Social Climate Fund to shield vulnerable households and to facilitate and just transition.
Watch the watchdog
As a watchdog, Carbon Market Watch is always on the lookout. To mark the launch of our Instagram channel, CMW Executive Director Sabine Frank explains what we are doing to help tackle the climate crisis.
Partner at Macun International LLC
2 周We also must fix what a forest definition is. In Switzerland the LFI defines a forest >20% canopy and 80% can be something else. Same with age group. That is no forest. Compare it with 60-99% canopy (primary forest) or UNESCO forest >40% canopy. Look at the definitions to heal the world. If you plant one or two different species that is also no biodiversity. Real biodiversity comes from wilderness! The forestry industry controls executive, legislative and judicative. And nobody independently is govern them. How can we leave our valuable forests to an industry group?
Field Manager | Emission Trading Scheme - Ahmedabad | J PAL South Asia | Mechanical Engineer
2 周Exciting