Glasgow Financial Alliance for Net Zero (GFANZ) Consultation

Carbon Market Watch criticises the GFANZ's proposed Expected Emission Reductions (EER) methodology, arguing that its reliance on subjective 'business-as-usual' baselines creates risks of manipulation and may encourage continued investment in high-emission industries without sufficient engagement strategies.

• The Expected Emission Reductions (EER) methodology is criticised for relying on complex and subjective assumptions to calculate the difference between a theoretical 'business-as-usual' baseline and a projected transition trajectory, making it susceptible to manipulation by companies and financiers to inflate avoided emissions.
• Carbon Market Watch argues that the EER approach may increase investments in high-emission sectors without ensuring effective emission reductions, noting a lack of case studies proving the methodology's efficacy in transitioning carbon-intensive industries such as steel, aluminum, and cement.

APA

Carbon Market Watch (2023). Glasgow Financial Alliance for Net Zero (GFANZ) Consultation. https://carbonmarketwatch.org/publications/glasgow-financial-alliance-for-net-zero-gfanz-consultation/

Chicago

Carbon Market Watch. Glasgow Financial Alliance for Net Zero (GFANZ) Consultation. 2023. https://carbonmarketwatch.org/publications/glasgow-financial-alliance-for-net-zero-gfanz-consultation/.

Wikipedia

{{cite press release |author=Carbon Market Watch |title=Glasgow Financial Alliance for Net Zero (GFANZ) Consultation |date=6 November 2023 |url=https://carbonmarketwatch.org/publications/glasgow-financial-alliance-for-net-zero-gfanz-consultation/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{carbonmarketwatch2023glasgow, author = {{Carbon Market Watch}}, title = {{Glasgow Financial Alliance for Net Zero (GFANZ) Consultation}}, publisher = {Carbon Market Watch}, year = {2023}, month = nov, url = {https://carbonmarketwatch.org/publications/glasgow-financial-alliance-for-net-zero-gfanz-consultation/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }