6.2: confidentiality still in there meaning potential shady deals between countries on offsetting.
6.4:
- language on human rights in relation to emission removals has gone
- unauthorised ("mitigation contribution") credits can still be 2x counted; and used for any purpose, incl. voluntary carbon markets/company targets, but there is a signal that this shouldn't be done.
END
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While there was grumbling about long queues for decent food #COP27, climate change has been pushing people into malnutrition and serious hunger in many places in the world this yr. 🌽 🚜
Nature also featured heavily, both for the impacts of climate change on it, but also how it can help absorb and store carbon. 🦅 🌳
As we saw on @SkyNews Climate Show w/@tomheapmedia climate change is having devastating impacts on food production around world.
A carbon market system that allows secrecy, downgraded the rights of indigenous peoples, and will permit fake carbon credits to potentially be counted twice.
*BUT* thanks to the UN High Level Expert Group on Net Zero there will be more scrutiny than ever on carbon markets. The dodgy system set up here won't be given an easy ride, that's for sure.
My headline takeaway from the new versions of the texts out overnight:
Some improvements and changes. There is a signal that emissions reductions that can be double counted shouldn't be used as carbon credits/offsets. But it's only a signal.
Avoided emissions - claiming some emissions that would have happened now won't (e.g. that forest over there was going to be cut down, now it won't - devilishly hard to prove) - back on table.
This zombie concept won't die & is bad news for integrity of carbon markets
In Article 6.4 avoided emissions also back on table.
No rules on removals (whether carbon taken out of atmosphere stays out) - supervisory body is asked to go away and come back with recommendations on these.