Serious issues in the negotiations on international carbon markets (Article 6) must be addressed to avoid undermining the Paris Agreement

In this blogpost, the NewClimate markets team provides recommendations for the imminent SB50 negotiations to guarantee that Article 6 ensures its mandate to promote ambition and avoid undermining global climate efforts. Read More

Robust eligibility restrictions for offset credits are needed for CORSIA to truly compensate for the growth in aviation’s carbon emissions

If airlines are allowed to use all available offset credits certified by programmes such as the UN’s Clean Development Mechanism and other voluntary standard bodies under a new global scheme to address international aviation emissions, the scheme will not truly compensate the sector’s growing CO2 emissions. To achieve the aviation scheme’s objective of carbon neutral growth, policy-makers must adopt robust criteria on the types of offset credits that are accepted. The rules should be designed to ensure that the scheme supports the development of new emission reduction projects or targets existing projects that would stop reducing emissions without further financial support. New research outlines the climate implications of various eligibility scenarios for offset credits. Read More