Search Climate Insights Directory

The NewClimate Institute criticizes a revised proposal by the Voluntary Carbon Markets Integrity initiative (VCMI) regarding a 'Scope 3 Claim'. The Institute argues that allowing companies to use carbon credits to bridge the gap between target trajectories and actual emissions until 2038 would weaken corporate accountability, discourage immediate emissions reductions, and disadvantage companies already implementing genuine climate strategies.

The Corporate Climate Responsibility Monitor 2023 evaluates the climate pledges and strategies of 24 major multinational companies, finding that the majority lack integrity and fall short of the ambition required to limit global warming to 1.5°C.

This position paper by Friends of the Earth International (FoEI) argues against the 'financialization of nature,' which it defines as the process of turning biodiversity and ecosystem functions into financial assets and tradable instruments. FoEI contends that pricing nature leads to the privatization of the commons, marginalizes Indigenous Peoples and local communities, and allows corporations to continue destructive activities through offsetting mechanisms.

This research paper evaluates methods for carbon market-based mechanisms to generate net emission reductions in host countries, concluding that applying discounts to avoided emissions and standardising below business-as-usual are the most promising options.