CARBON MARKET WATCH EXPECTATIONS FOR THE UNFCCC SESSION IN BONN JUNE 2015 RELATED TO THE ROLE OF CARBON MARKETS IN THE PARIS AGREEMENT

Carbon Market Watch argues that while carbon markets can be useful for high-cost emission reduction sectors, they must not substitute for domestic action or lead to the lock-in of high-carbon infrastructure. The organization emphasizes the necessity of an all-encompassing international accounting framework to prevent double counting and calls for the integration of social and environmental safeguards, including a grievance mechanism for the Clean Development Mechanism (CDM).

• Carbon markets should be used as tools for sectors lacking technical solutions or where reduction costs are high, but they must not replace domestic emission reduction efforts across all countries and sectors. There is a risk that these markets may cause long-term expenses by "locking in of high carbon infrastructure" that requires premature replacement.
• To maintain the environmental integrity of the Paris agreement, an all-encompassing international accounting framework is required to prevent "double counting," ensuring that a single emission reduction unit is not used in more than one country.
• The accounting framework should be embedded within the new climate treaty and kept separate from the Framework for Various Approaches (FVA), although the FVA remains a suitable venue for detailing specific carbon market accounting rules and eligibility criteria.
• The Clean Development Mechanism (CDM) should be reformed to promote domestic action and climate finance flows, specifically by considering the CDM as "climate finance, rather than as offsets" to resolve double counting issues between mitigation and finance.
• The Paris Protocol should be used to establish guidelines for social and environmental accountability, including the creation of a CDM grievance mechanism and the streamlining of safeguards for REDD+ and the Green Climate Fund to prevent human rights abuses.

APA

Carbon Market Watch (2015). CARBON MARKET WATCH EXPECTATIONS FOR THE UNFCCC SESSION IN BONN JUNE 2015 RELATED TO THE ROLE OF CARBON MARKETS IN THE PARIS AGREEMENT. https://carbonmarketwatch.org/wp-content/uploads/2015/06/CMW-Expectations-for-the-UNFCCC-in-Bonn-June-2015_FINAL.pdf

Chicago

Carbon Market Watch. CARBON MARKET WATCH EXPECTATIONS FOR THE UNFCCC SESSION IN BONN JUNE 2015 RELATED TO THE ROLE OF CARBON MARKETS IN THE PARIS AGREEMENT. 2015. https://carbonmarketwatch.org/wp-content/uploads/2015/06/CMW-Expectations-for-the-UNFCCC-in-Bonn-June-2015_FINAL.pdf.

Wikipedia

{{cite press release |author=Carbon Market Watch |title=CARBON MARKET WATCH EXPECTATIONS FOR THE UNFCCC SESSION IN BONN JUNE 2015 RELATED TO THE ROLE OF CARBON MARKETS IN THE PARIS AGREEMENT |date=June 2015 |url=https://carbonmarketwatch.org/wp-content/uploads/2015/06/CMW-Expectations-for-the-UNFCCC-in-Bonn-June-2015_FINAL.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{carbonmarketwatch2015carbon, author = {{Carbon Market Watch}}, title = {{CARBON MARKET WATCH EXPECTATIONS FOR THE UNFCCC SESSION IN BONN JUNE 2015 RELATED TO THE ROLE OF CARBON MARKETS IN THE PARIS AGREEMENT}}, publisher = {Carbon Market Watch}, year = {2015}, month = jun, url = {https://carbonmarketwatch.org/wp-content/uploads/2015/06/CMW-Expectations-for-the-UNFCCC-in-Bonn-June-2015_FINAL.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }