Devil in the details at 2023 Bonn Climate Conference

Carbon Market Watch argues that the Article 6.2 country-to-country carbon market lacks sufficient transparency and accountability. The organization calls for the 2023 Bonn intersessional conference to establish strict reporting requirements, eliminate the use of non-disclosure agreements for bilateral deals, and synchronize the authorization process to prevent double counting of emission reductions.

• Current reporting requirements for Article 6.2 bilateral carbon credit trades are insufficient because trading can occur before external verification, potentially leading to the purchase of credits from projects with overestimated emission reductions. Furthermore, countries can currently ignore recommendations from external review teams to correct reporting errors without facing consequences.
• The ability of countries to designate information about bilateral agreements as confidential without providing justification to the public or external review teams undermines the ability of civil society and journalists to assess market activities.
• There is a risk of double counting emission reductions because countries are not required to provide authorization for carbon credits at the same time, which could allow the same reduction to be counted toward different climate targets.

APA

Mulder, I. (2023). Devil in the details at 2023 Bonn Climate Conference. Carbon Market Watch. https://carbonmarketwatch.org/2023/05/31/devil-in-the-details-at-2023-bonn-climate-conference/

Chicago

Mulder, Isa. Devil in the details at 2023 Bonn Climate Conference. Carbon Market Watch, 2023. https://carbonmarketwatch.org/2023/05/31/devil-in-the-details-at-2023-bonn-climate-conference/.

Wikipedia

{{cite press release |last1=Mulder |first1=Isa |title=Devil in the details at 2023 Bonn Climate Conference |publisher=Carbon Market Watch |date=31 May 2023 |url=https://carbonmarketwatch.org/2023/05/31/devil-in-the-details-at-2023-bonn-climate-conference/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{mulder2023devil, author = {Mulder, Isa}, title = {{Devil in the details at 2023 Bonn Climate Conference}}, publisher = {Carbon Market Watch}, year = {2023}, month = may, url = {https://carbonmarketwatch.org/2023/05/31/devil-in-the-details-at-2023-bonn-climate-conference/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }