Marine carbon dioxide removals, driven in large part by voluntary #CarbonMarkets, risk causing irreversible harm while diverting scarce resources and political will away from proven, rights-based climate solutions.
Marine carbon dioxide removals, driven in large part by voluntary #CarbonMarkets, risk causing irreversible harm while diverting scarce resources and political will away from proven, rights-based climate solutions.
What must be clear from this year’s discussions:
#FossilFuels, #CarbonMarkets & #MarineGeoengineering are incompatible with a healthy ocean!
Stopping offshore oil & gas expansion & phasing out existing production are the 2 most powerful ocean-based mitigation actions available.
The #BlueCarbon framing that permeates the Dialogue is a very limited way to understand complex & vital ocean ecosystems. Narrow definitions risk driving the exploitation of oceans for commercial purposes rather than their protection, particularly when linked to #CarbonMarkets.
What must be clear from this year’s discussions: #FossilFuels, #CarbonMarkets & #MarineGeoengineering are incompatible with a healthy ocean! Stopping offshore oil & gas expansion & phasing out existing production are the 2 most powerful ocean-based mitigation actions available.

The EU's #CBAM came into force in January, with the intent of reducing #CarbonLeakage.....Good timing!

But, considering that fuel costs are now globally higher (I.e. not just in traditionally carbon intensive regions), CBAM could be seen simply as a revenue-generating tool for renewables. Is there any indication that it could develop in this way?

#CarbonMarkets #GreenTransition

Africa: Congo Basin Countries Forge Strategic Path to Carbon Markets With Roadmaps to Monetize Forest Wealth: [World Bank] Washington -- Six countries of the Congo Basin--Cameroon, Central African Republic, the Democratic Republic of Congo, Equatorial Guinea, Gabon, and Republic of Congo--are working to take bold steps to unlock results-based payments and climate finance. The newly launched… http://newsfeed.facilit8.network/TR7GrV #CarbonMarkets #ClimateFinance #CongoBasin #ForestWealth #SustainableDevelopment
In our latest blog post Dr Lambert Schneider gives an overview on #COP30 negotiations on carbon markets. Learn more about #Article6 and important standards: https://www.oeko.de/en/blog/cop30-negotiations-on-carbon-markets/ #carbonmarkets
Integrity, transparency, accountability and inclusivity

After the finalization of the rulebook on Article 6 of the Paris Agreement at COP29 in Baku, international negotiations have shifted from the development of rules towards providing further guidance on implementation. Integrity, transparency, accountability and inclusivity were key areas addressed in decisions on Article 6.4 and Article 6.2. A further milestone was the closure of the Clean Development Mechanism (CDM) which will cease its operations in a staged approach over the next two years.

oeko.de

💬 „I believe the future can be much brighter - but we need action. Let’s mobilize the capital to fund projects that make a real impact and build a better future.“
- Ing. Glenn Kwabena Gyimah (General Manager, Jospong Green Transition Office, Ghana) at our workshop “From Carbon Market Readiness to Action: Implementation Experiences from Leading Countries in the Global South” at the #WorldClimateSummit at COP30.

#COP30 #ClimateAction #CarbonMarkets #SustainableFinance #GlobalSouth