Updated estimates of CDM supply potential to inform ongoing negotiations at the UNFCCC on rules for Article 6 of the Paris Agreement. Read More
CDM supply potential for emission reductions up to the end of 2020
The role of international carbon markets in a decarbonising world
The goals of the Paris Agreement require countries to develop and implement long term strategies which chart out the fastest decarbonisation pathway technically feasible. The role of offsets in such a decarbonising world must shift from current practice to avoid undermining the ambition and meaning of net-zero targets. Read More
How could the concept of an “overall mitigation in global emissions” (OMGE) be operationalized under the Paris Agreement?
This paper addresses questions that have been raised in relation to OMGE. It draws on a study conducted by Lambert Schneider and NewClimate Institute.
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Setting a course for decarbonised shipping: An Eight Point Carbon Pricing Plan
To achieve the temperature goals of the Paris Agreement, global emissions – including shipping – must peak as soon as possible and decline rapidly, reaching net-zero by around 2050. To help bring this about, this blog presents eight steps to guide the implementation of a levy for international shipping. Read More
Carbon pricing options for international maritime emissions
In this paper we explore three different options for a market-based measure to address the climate impact of shipping: an offsetting scheme, a maritime emissions trading scheme, and a climate levy. We conclude that a climate levy would be the most appropriate measure to reduce emissions in the maritime sector. Read More
Operationalising an ‘overall mitigation in global emissions’ under Article 6 of the Paris Agreement
A key requirement of the mechanism established by Article 6.4 of the Paris Agreement is that it shall aim to deliver an overall mitigation in global emissions. This report identifies and discusses key options for operationalising this concept, leading to distinct recommendations to support the ongoing… Read More
Crediting Forest-related Mitigation under International Carbon Market Mechanisms
This discussion paper explores environmental risks from the inclusion of forest offset credits in the Paris Agreement’s Article 6 and CORSIA, and examines approaches to address such risks. A number of challenges surrounding environmental integrity notably baseline determination, additionality, permanence, and leakage are discussed as well as environmental and social safeguards in forest mitigation initiatives. Read More
Opportunities and safeguards for ambition raising through Article 6
In this paper, we discuss the ambition raising implications to engage in voluntary cooperation under Article 6 for the originating Parties. The paper shows why Article 6 should focus on driving mitigation in otherwise inaccessible abatement options and why it is critical that support should only last for a limited time period, after which own action must kick-in. Read More