69 results found

Q&A with the authors: Corporate Climate Responsibility Monitor 2022
Publication date 07 Feb 2022

Companies around the world are increasingly alert to the climate emergency, facing calls from a growing range of stakeholders to take responsibility for the environmental impact of their activities. The rapid acceleration of corporate climate pledges means that it is more difficult than ever to distinguish between real climate leadership and unsubstantiated greenwashing. In this blogpost the lead authors of the Corporate Climate Responsibility Monitor – Thomas Day, Silke Mooldijk, Sybrig Smit – shared their perspectives on questions related to the analysis, and its implications. You can also...

Corporate Climate Responsibility Monitor 2022
Publication date 07 Feb 2022

Assesses the climate strategies of 25 major global companies. It critically analyses the extent to which they demonstrate corporate climate leadership.

Press Release – Corporate Climate Responsibility Monitor 2022
Publication date 07 Feb 2022

The headline climate pledges of 25 of the world’s largest companies in reality only commit to reduce their emissions by 40% on average, not 100% as suggested by their “net zero” and “carbon neutral” claims, according to a new analysis. These are the findings of the Corporate Climate Responsibility Monitor released today, conducted by NewClimate Institute in collaboration with Carbon Market Watch. I

Switzerland’s bilateral agreements to offset their emissions set a poor precedent for ambition ahead of COP26
Publication date 28 Oct 2021

Photo by Mostafa Meraji through Wikimedia Commons under CC BY-SA 3.0. No changes were made except for a format change. Switzerland has reached agreements with Georgia1, Peru2, Senegal and Ghana3 to support the implementation of low-hanging fruit climate change mitigation. In return, the countries will transfer the mitigation outcomes to Switzerland to help it meet its national target under the Paris Agreement. The agreements send no signal for decarbonisation in Switzerland, while for the countries hosting the emission reductions the agreements close some of their best available options to...

The potential impact of transitioning CDM units and activities to the Paris Agreement
Venue Online
Date 21 Oct 2021

Harry Fearnehough (NewClimate) and Lambert Schneider (Öko Institut) presented updated research on the potential supply of credits from the CDM portfolio under a range of scenarios and highlight critical implications of possible policy decisions under consideration, for Article 6 and the wider Paris Agreement goals.

Increasing transparency and integrity of corporate climate pledges
Publication date 06 Oct 2021

The main aim is to develop robust, evidence-based research and advocacy to help facilitate credible, transparent corporate climate action and pledges.

Appraising policy choices for Article 6 of the Paris Agreement
Publication date 20 Jul 2021

Explores the potential global net emission reductions achieved through Article 6 and the revenue generated to help meet the adaptation needs.

Analysis of options for determining OMGE, SOP and Transition within Article 6
Publication date 31 May 2021

Rules for the implementation of Article 6 of the Paris Agreement are still under negotiation at the international level, with a key focus on reaching consensus at COP26 in Glasgow. This report aims to inform this policy making process. It explores three key unresolved issues that are closely interrelated and that have potential to impact the global net emission reductions achieved through Article 6 as well as the amount of revenues generated to help meet the adaptation needs of particularly vulnerable developing countries. Summary: The report explores the potential quantitative implications of...

Results-Based Finance in the Paris Era
Publication date 16 Dec 2020

In order to reach the goals of the Paris Agreement, it is essential to rapidly move from a zero-sum offsetting approach towards rapid transitions to decarbonise all emitting sectors. Though originally developed for offsetting, using aspects of carbon market mechanisms to deliver results-based finance can have an important role in climate change mitigation and climate finance mobilisation goals. Such finance can either go towards helping host countries achieve their NDCs or in order to create an overall climate benefit. Various aspects and infrastructure built for carbon markets can be used as...

Indicators for the promotion of sustainable development in carbon market mechanisms
Publication date 03 Dec 2020

This report assesses options for the effective implementation of sustainable development impact assessment, in the context of climate change mitigation mechanisms such as those of Article 6 of the Paris Agreement. To ensure that these mechanisms contribute to sustainable development in the host country, it is necessary to measure this effect. The results of the project show how and which indicators at project level can be used in a targeted manner for monitoring, reporting and verification (MRV). In this way, tools are made available to decision-makers and project developers in voluntary and...

Indicators for sustainable development under Article 6 of the Paris Agreement
Publication date 03 Dec 2020

This report analyses how the role of sustainable development can be strengthened in the process of further designing the mechanisms under Article 6 of the Paris Agreement. The paper reflects on the experience with sustainable development in past and current market mechanisms and describes to what extent countries agreed on sustainable development issues in multilateral instruments and institutions outside the UNFCCC. Based on the current negotiating draft texts (SBSTA 50 from June 2019, as well as CMA2 from December 2019), recommendations are put forward on how to anchor sustainable...

Analysis of current developments in global carbon markets
Publication date 02 Dec 2020

The major aim of this research project was to provide insights on the state of current carbon market activities and options for supporting the continuation of new and existing mitigation activities in the pre-2020 period. This report contains a summary of the findings and combined conclusions from all analysis components addressed within the project. Main findings: In an analysis of CDM project vulnerability for major project types in key countries, we assessed the risk that projects would cease continuation of their GHG abatement without significant CER revenues. In this context, we conducted...

Considerations for Article 6 engagement
Publication date 26 Nov 2020

The new context of the Paris Agreement - particularly the universal commitment to regularly make increasingly ambitious contributions towards the global effort - present new challenges for carbon market stakeholders, especially for host countries. This guide proposes a number of considerations which countries hosting emission reduction activities should take into account when engaging in carbon markets under the Paris Agreement. It looks especially at how carbon market engagement relates to other aspects of national climate policy making and the fulfilment of commitments under the Paris regime...

Setting Incentives for Emission Reductions in Developing Countries: The Case of Social Housing in Colombia
Publication date 26 Nov 2020

Colombia faces a number of challenges including growing need for social housing in metropolitan areas driven by accelerating urbanisation associated with a growing electricity demand as well as increasing hydroelectric uncertainty as a result of changes in the el Niño weather phenomenon. At the same time, Colombia actively implementing its NDC under the Paris Agreement. These include measures to improve energy efficiency in the residential sector overall. Policies for renewable electricity, building codes, and appliance energy performance standards all play a role in these efforts. However...

CDM supply potential for emission reductions up to the end of 2020
Publication date 25 Nov 2020

The transition of CERs issued under the CDM for use by Parties towards their NDCs is a key outstanding issue for Article 6 negotiations at the UNFCCC. To inform the ongoing negotiations, we set out estimates of the potential CER supply by two groups of modelling teams, from research institutes in Japan and Germany. This paper presents an updated analysis of the potential supply of CERs issued for emission reductions occurring in the second commitment period of the Kyoto Protocol between 1 January 2013 and 31 December 2020 based on a selection of possible restrictions for their transition. Main...

Future role for voluntary carbon markets in the Paris era
Publication date 24 Nov 2020

The end of 2020 marks a fundamental change in the global governance of greenhouse gas emissions with the shift from the Kyoto Protocol era to that of the Paris Agreement. This has important implications for the future role and the feasible models of the voluntary carbon market. In this report – commissioned by the German Emission Trading Authority (DEHSt) at the Federal Environment Agency (UBA) – we analyse a number of options and offer key recommendations on the future role for voluntary carbon markets after 2020. Main findings: A critical focus of our analysis is whether and how “double...

Analysis and assessment of the design of an offsetting system for international aviation
Publication date 24 Nov 2020

This final report covers the results from a research project led by Öko-Institut and jointly conducted with other international experts such as from the Stockholm Environment Institute. The project was initiated against the background that policy-makers at the International Civil Aviation Organization (ICAO) are considering the detailed rules of a scheme to address carbon dioxide emissions from international aviation: the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). Main findings: This research project analyses matters that are critical for implementing CORSIA...

Navigating the nuances of net-zero targets
Publication date 22 Oct 2020

This report analyses the momentum of targets for net-zero emissions across companies, cities and regions worldwide. We seek to unravel the ambiguity of net-zero targets to better enable the identification of truly ambitious actors and enhance support towards them. We offer recommendations for increasing target transparency with the aim of achieving greater accountability and ambition. Main Findings: 1. Net zero momentum is accelerating: The number of net-zero pledges from cities regions and companies has roughly doubled in less than a year since late 2019 As of October 2020, actors with net...

Accelerating Net Zero: Exploring Cities, Regions, and Companies’ Pledges to Decarbonise
Publication date 21 Sep 2020

A growing number of subnational and corporate actors set net-zero emissions targets. These include some of the world’s largest companies, and hundreds of cities and regions around the world. This paper provides a summary of the momentum of target setting among these subnational and corporate actors. Main Findings: The shift towards net-zero greenhouse gas emission pathways is accelerating. An increasing number of subnational and corporate actors are setting net-zero emission targets. These encompass: 823 cities and 101 regions, which represent more than 828 million people across every...

Understanding Climate Neutrality and Net Zero Targets
Publication date 18 Sep 2020

Investigated climate neutrality targets and claims made from countries and companies, and analysed what they mean in terms of climate impact.

Climate neutrality claims
Publication date 15 Sep 2020

A growing number of countries and companies are setting climate neutrality and net-zero targets. Many countries’ and companies’ efforts towards climate neutrality play a positive role contributing to the fight against climate change and reducing global emissions. However, some of these commitments only obscure the actual impact and ambition of actual climate efforts. In order to enable citizens, investors, consumers and other stakeholders to make an informed judgement, it is crucial that countries and companies are transparent about what exactly their target covers and how they intend to reach...

Informing EU policy options for tackling aviation’s climate impact
Publication date 08 Sep 2020

The project provided an assessment of CORSIA and considered a number of different options for regulating emissions from the aviation sector.

Options for Improving the Emission Unit Eligibility Criteria (EUCs) under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA)
Publication date 04 May 2020

This discussion paper assesses options for improving the current Emissions Unit Eligibility Criteria (EUCs) used for the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) adopted by the International Civil Aviation Organization (ICAO), with the goal of ensuring the scheme’s environmental integrity. Clearly articulated EUCs are needed to define minimum standards for the “quality” of carbon offset credits that may be used under CORSIA. For this analysis, we focus on five EUCs that are essential for offset credit quality: additionality; baselines; permanence; avoidance of...

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