Article 6 of the Paris Agreement governs international carbon markets, and a new text for implementing it has been promised for Friday morning – even as negotiations, originally scheduled to end then, have been extended through to the weekend.
11 December 2019 | MADRID | With climate negotiators still deadlocked over how to incorporate carbon markets into the Paris Agreement, negotiators from Canada, Costa Rica, Colombia, Senegal, New Zealand, the EU and the Alliance of Small Island States (AOSIS), among others, are attempting to build support for a set of principles that had circulated earlier […]
Ministers from New Zealand and South Africa have been working to unlock climate negotiations stuck on Article 6, which concerns markets. Without agreement on markets, there is little hope of agreeing on how to ratchet up ambition.
REDD+ can be great medicine for sick or endangered forests, but can it also act as a vaccine for healthy ones? Yes, it can – by supporting indigenous people, who act as a planetary immune system for forests. Doing so, however, means rethinking additionality, which is a pillar of carbon finance.
As climate negotiations enter their critical final days, private companies representing more than 5.8 million employees have pledged to hold themselves to emission levels in keeping with the Paris Agreement’s 1.5°C target.
Technical negotiations around the creation of international carbon markets have wrapped up in Madrid, leaving a mess for the high-level phase of talks that begins Tuesday.
“Natural Climate Solutions” have been in the news a lot these past two years, and they’re also in the minds of people and businesses looking to achieve carbon neutrality. Demand for offsets generated through better management of forests, farms, and fields increased 264 percent over the past two years, leading to a seven-year high in volume of voluntary carbon offsets.