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POLITICAL ECONOMY OF CLIMATE FINANCE IN AFRICA
The document analyzes the political economy of climate finance in Africa, arguing that the system is dominated by the Global North and market-driven logics that privilege mitigation over adaptation. It highlights how the 'financialization' of climate action shifts risk to vulnerable individuals and exacerbates debt crises in African nations. Through case studies of Ghana, Kenya, and Zimbabwe, the paper illustrates the challenges of tracking funds and the limited influence of civil society. It recommends the creation of localized African financing institutions and the use of debt-for-climate swaps to improve sustainability and equity.
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Document type: Research paper
Backgrounder: Phasing Out Alberta's Coal Plants
The document details the environmental and health impacts of Alberta's coal-fired power plants, noting that in 2014, 68% of the province's electricity was generated from coal. It highlights that these plants are significant sources of sulphur dioxide, nitrogen oxides, fine particulate matter, mercury, and greenhouse gases, with 2011 emissions totaling 43 megatonnes of GHG. The authors propose a transition plan to reach 0% coal reliance by 2030, increasing renewable energy to 40% and reducing electricity demand through energy efficiency by 20%. The strategy discourages increased reliance on stand-alone natural gas due to production-related GHG emissions and suggests mechanisms for phase-out such as legislated closures, lifespan caps, or carbon pricing.
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Document type: Fact sheet
Global Stocktake Assessment
The document emphasizes that reducing methane emissions is critical for limiting global warming to 1.5 degrees Celsius, noting that the waste, fossil fuel, and agriculture sectors possess low-cost mitigation options. It highlights a significant funding gap, stating that less than 2% of international climate finance currently targets methane mitigation, leaving an estimated annual shortfall of $100 billion.
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Document type: Fact sheet
Oportunidades para reducir emisiones y apoyar la producción ganadera sostenible en la República del Paraguay
The livestock sector in Paraguay is a primary economic driver but also the largest source of national greenhouse gas emissions, with 50.3% of total emissions in 2021 coming from this sector and 76.2% of those being methane from enteric fermentation. To meet its goal of reducing greenhouse gas emissions by 20% by 2030, Paraguay is exploring strategies to increase productivity while lowering emissions. Implementing productivity-enhancing technologies could potentially increase income per hectare by 66% and reduce total greenhouse gas emissions by between 12.6% and 50%. Proposed actions include improving genetics, animal health, and pasture management to shorten production cycles, as well as establishing multisectoral working groups and green financial products, such as carbon markets and credit models similar to Brazil's Plan ABC/ABC+.
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Document type: Executive summary
RESPONSIBILITY FOR NON-COMPLIANCE UNDER THE KYOTO PROTOCOL’S MECHANISMS FOR COOPERATIVE IMPLEMENTATION
The document examines the allocation of responsibility for non-compliance within the Kyoto Protocol's four cooperative implementation (CI) mechanisms: joint fulfillment, joint implementation, the Clean Development Mechanism, and international emissions trading. It proposes a 'traffic light' (green/yellow/red) hybrid model to balance risks between buyers and sellers, arguing that this approach promotes market stability and transparency while incentivizing seller compliance. The authors analyze the specific application of this model to each CI mechanism and suggest institutional improvements to the Article 8 review process to support real-time implementation monitoring.
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Document type: Research paper
International Comparative Studies How other forest countries regulate carbon rights and markets : lessons for Ghana from Liberia, Kenya, Zambia, Indonesia and Australia
The document examines five international case studies to guide Ghana in operationalizing its Environmental Protection Act, 2025. It highlights the risks of transacting carbon before establishing legal frameworks, as seen in Liberia, and the benefits of statutory community benefit-sharing floors, as implemented in Kenya. The analysis contrasts state-centered models in Zambia and Indonesia with Australia's property-law approach, where carbon rights are registrable interests in land. The briefing concludes with seven specific recommendations for Ghana, including the definition of carbon rights as transactable interests and the mandate of community development agreements to ensure free, prior and informed consent.
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Document type: Briefing
Briefing 1: Ownership and Attribution of Forest Carbon Rights
The document identifies a critical legal gap in Ghana: while the Environmental Protection Act, 2025 (Act 1124) regulates carbon market operations, it does not define who owns forest carbon. Consequently, ownership is currently inferred from a complex mix of land tenure, tree tenure, and customary law. The briefing analyzes two competing legal classifications—treating carbon as an ecosystem service versus a natural resource—and argues that the chosen model significantly impacts whether local farmers and communities receive direct benefits. It recommends a hybrid approach that maintains State regulatory oversight while statutorily guaranteeing benefit entitlements for those who steward the forests, utilizing Community Resource Management Areas (CREMAs) as a practical delivery mechanism.
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Document type: Briefing
1104_Country_study_VietnamV10x
Vietnam faces high vulnerability to climate change and rapidly growing emissions, projected to reach 387 Mt by 2030, primarily driven by energy supply. While the government has established the National Target Program and various energy efficiency laws, the report finds that existing and planned projects are likely to harvest only 12% of the available abatement potential between 2015 and 2030. Major barriers include low electricity and coal prices, limited technical and financial capacity among stakeholders, and institutional overlaps. The study recommends a coordinated national mitigation programme and specific sector-level interventions in REDD+, wind policy, industrial energy efficiency, and waste management.
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Document type: Case study
COP29 | UN CLIMATE CHANGE CONFERENCE 2024 Article 6 Background
The document explains that Article 6 of the Paris Agreement governs voluntary cooperation to meet national climate goals through market and non-market approaches. It notes that consensus on market-based rules remains elusive following limited progress at COP28 and SB60. For COP29, the focus is on improving the quality of carbon credits, refining authorization and revocation rules for Article 6.2 bilateral agreements, and determining the functionality of an international registry for carbon credits.
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Document type: Fact sheet
Article 6 Background
The document outlines the framework of Article 6 of the Paris Agreement, which enables market and non-market mechanisms for emissions goals. It notes that COP29 finalized rules for carbon credit trading under Articles 6.2 and 6.4, including the creation of the CAPR platform to ensure environmental integrity. The briefing highlights divergent party positions on benefit-sharing, capacity building, and Indigenous rights, noting that rights protection under Article 6.2 remains unresolved. Looking toward COP30, the focus is on capacity building, registry rollout, and the creation of the Paris Agreement Crediting Mechanism (PACM).
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Document type: Briefing
ClimaTalk COP30 Debrief WEEK 1
The first week of COP30 was characterized by significant friction between developed and developing nations over finance, trade measures, and the 1.5C temperature goal. While some progress was made in operationalizing the Fund for Responding to Loss and Damage and advancing Article 6 carbon market standards, negotiations on the Just Transition Work Programme and the Gender Action Plan stalled due to disagreements over terminology and the role of unilateral trade measures. The Brazilian Presidency launched the Belem Health Action Plan and proposed a framework for synergies between the three Rio Conventions, though many thematic areas remain bracketed heading into the second week.
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Document type: Briefing
ClimaTalk COP30 Debrief WEEK 2
The COP30 Week 2 debrief details the adoption of the 'Global Mutirão' cover decision, which calls for tripling adaptation finance by 2035 but omits references to fossil fuels and deforestation. Key outcomes include the recommendation for a Just Transition mechanism (BAM) to be operationalized in 2026, the transfer of $26.8 million to the Article 6.4 PACM, and the adoption of the Belém Gender Action Plan. However, significant tensions persisted regarding unilateral trade measures, the 1.5°C temperature goal, and the lack of concrete targets in climate finance and the Global Goal on Adaptation (GGA).
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Document type: Briefing
Green Investment Opportunities in India
The report identifies four priority sub-sectors for green investment in India: Green Hydrogen, Battery Energy Storage Systems (BESS), Climate Smart Agriculture (CSA), and Waste Management & Material Circularity. It highlights a significant investment gap, noting that India may face a shortfall of $3.5 trillion to achieve its net-zero target. For Green Hydrogen, the report emphasizes the need to reduce costs from above $4/kg to $2/kg to achieve economic viability. In the BESS sector, it projects annual battery demand between 106 GWh and 260 GWh by 2030. Climate Smart Agriculture is presented as a critical area for both mitigation and adaptation, though currently underfunded in upstream and on-farm solutions. Waste Management is highlighted as a $45 billion market opportunity by 2030, with a specific focus on the growing potential of lithium-ion battery recycling. The document also argues for the urgent scaling of private adaptation financing, noting that 80% of key adaptation markets in India are currently nascent or mid-level.
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Document type: Report
Article 6 carbon markets at COP29
Carbon Market Watch argues that current Article 6.2 rules are too minimal, creating a "Wild West framework" for international carbon markets. The briefing recommends mandatory authorisation statements for cooperative approaches, stricter definitions of 'first transfer' to prevent delayed reporting, and the prohibition of authorisation revocations to avoid double counting. For Article 6.4, it urges the CMA to provide guidance to the Supervisory Body on minimum durability standards for removals, science-based risk assessments for reversals, and more robust additionality requirements, including mandatory common practice analysis.
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Document type: Briefing
African NGOs grasp the challenge of advocating for a fairer share of climate projects in future international carbon markets
The report details a workshop in Cameroon that led to the creation of the Réseau Afrique Carbone & Changement Climatique (RAC3), a network designed to amplify African civil society voices in carbon market negotiations. It highlights the historical under-representation of Africa in the Clean Development Mechanism (CDM) and discusses the potential benefits of 'vintage restrictions' under the new Sustainable Development Mechanism (SDM) to encourage new projects. The event also addressed the role of African NGOs in monitoring the environmental integrity of aviation offsets under CORSIA and noted the need for increased advocacy to raise ambition regarding aviation emission reductions in Cameroon.
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Document type: After-action report
Recommendations related to the role of carbon markets in the Paris Agreement
Carbon Market Watch argues for stringent rules to prevent double counting, 'hot air' credits, and the inclusion of REDD-plus in carbon markets. It advocates for a 'net atmospheric benefit' through discounting, the establishment of a share of proceeds for adaptation and loss and damage, and the integration of a human rights-based approach into the core agreement to protect vulnerable populations.
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Document type: Policy brief
CARBON MARKETS AND AGRICULTURE
The report contends that carbon offsets in agriculture fail to reduce absolute emissions due to measurement uncertainties, lack of permanence, and issues with additionality. It highlights how these schemes often benefit agribusinesses while undermining food security, increasing land financialization, and locking in industrial farming models. The authors recommend excluding the land sector from international carbon markets under Article 6 of the Paris Agreement and redirecting finance toward agroecological practices.
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Document type: Report
Consultation response For the Kenyan climate change amendment bill 2023 that relates to carbon markets
Carbon Market Watch urges the Kenyan government to completely rewrite the climate change amendment bill 2023, citing pervasive ambiguity and vague terminology. The organization argues that the current wording could lead to misinterpretation, potentially harming human rights and the environment. Specific concerns include the lack of clear definitions for actors in the voluntary carbon market, the failure to distinguish between 'aiming' for reductions and actually delivering them, and insufficient requirements for the permanence of carbon removals. The response also highlights a need for greater transparency, specifically calling for the public availability of the Registry and community development agreements.
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Document type: Statement
Carbon Market Watch’s COP27 recommendations on key Article 6 topics
Carbon Market Watch (CMW) outlines recommendations for COP27 to ensure transparency, integrity, and climate ambition in the implementation of Article 6. Key proposals include the definitive exclusion of emission avoidance from eligible outcomes, the rejection of tonne-year accounting for removals, and the prohibition of using Certified Emission Reductions (CERs) toward Nationally Determined Contributions (NDCs). CMW emphasizes that all reporting and registry data should be public, machine-readable, and comprehensive to prevent double counting and ensure accountability.
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Document type: Statement
Carbon Market Watch’s COP28 recommendations to SBSTA on key Article 6 topics
Carbon Market Watch (CMW) outlines specific recommendations for the SBSTA to ensure environmental integrity and transparency in the implementation of Article 6.2 and 6.4. For Article 6.2, CMW advocates for a strict sequencing of procedural steps where ITMO transfers are halted until technical expert reviews are complete, the prohibition of authorization revisions after transfer, and the public flagging of 'material inconsistencies' on the CARP. It also argues against the use of confidential information and the recording of unauthorized outcomes in registries. For Article 6.4, CMW recommends the definitive exclusion of emission avoidance activities and requires that authorization statements be provided prior to the issuance of A6.4ERs to prevent double counting.
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Document type: Statement