Global carbon market negotiations are running out of overtime

The document highlights the critical need for countries to reach an agreement on Article 6 of the Paris Agreement before COP25. It identifies four primary areas of contention: the transition of old Kyoto Protocol credits, the prevention of double counting through corresponding adjustments, the move away from offsetting logic toward true emission reductions, and the necessity of integrating social and environmental safeguards to protect human rights and support sustainable development.

• There is a conflict regarding the transition of old carbon credits from the Kyoto Protocol; countries like Brazil, India, and China want these credits recognized under the Paris Agreement, but the author argues this would be 'cheating the planet' because most do not represent new, additional emission reductions.
• To prevent emission reductions from being counted toward multiple climate efforts, there is support for 'corresponding adjustments,' though technical challenges remain for countries with single year targets.
• The document argues against the 'zero-sum logic' of the Kyoto Protocol where reductions in developing countries justified emissions in developed ones, suggesting that NDCs must be economy-wide and the most ambitious possible to leave no room for 'extra abatement' sales.
• To ensure environmental integrity, the author proposes a partial cancellation rate for Article 6 credits and strict criteria for baselines to ensure projects never increase emissions between or within NDC periods.
• Future market mechanisms must include social and environmental safeguards, including local stakeholder consultation and independent grievance mechanisms, to avoid the human rights infringements seen under the Kyoto Protocol.

APA

Dufrasne, G. (2019). Global carbon market negotiations are running out of overtime. Carbon Market Watch. https://carbonmarketwatch.org/2019/10/09/global-carbon-market-negotiations-are-running-out-of-overtime/

Chicago

Dufrasne, Gilles. Global carbon market negotiations are running out of overtime. Carbon Market Watch, 2019. https://carbonmarketwatch.org/2019/10/09/global-carbon-market-negotiations-are-running-out-of-overtime/.

Wikipedia

{{cite press release |last1=Dufrasne |first1=Gilles |title=Global carbon market negotiations are running out of overtime |publisher=Carbon Market Watch |date=9 October 2019 |url=https://carbonmarketwatch.org/2019/10/09/global-carbon-market-negotiations-are-running-out-of-overtime/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{dufrasne2019global, author = {Dufrasne, Gilles}, title = {{Global carbon market negotiations are running out of overtime}}, publisher = {Carbon Market Watch}, year = {2019}, month = oct, url = {https://carbonmarketwatch.org/2019/10/09/global-carbon-market-negotiations-are-running-out-of-overtime/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }