I won't do another massive #Article6 thread (ok, go on then, a little one 🧵) but we have new texts this morning.

unfccc.int/documents/6243…

And

unfccc.int/documents/6243…

#Cop27
These are *still* not final.

They are, if anything, a little weaker.
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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More from @mattadamw

Nov 21
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.
Read 27 tweets
Nov 20
#Article6 : Endgame - what was the final outcome?

🧵 ↓

#COP27
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.
Read 14 tweets
Nov 18
If you enjoyed y'day's #Article6 thread, strap in for the sequel.

There's some changes, but still a tale of potential 💰 for 💩 carbon credits.

🧵 ↓

#COP27
For a quick refresher on what Article 6 is and why it matters, see y'day's 🧵

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.
Read 30 tweets
Nov 17
Here's a (hopefully) much neater thread on #Article6 and what's happening here #COP27.

But let's not bury the lead: what's being set up is a system of potentially 💩 💰 for carbon.

(thanks @CarbonMrktWatch too for ongoing excellent analysis)

Here's why 🧵 ↓ :
First of all let's remind ourselves what #Article6 is and why it matters:

These are the rules about how carbon markets will work - how countries can trade efforts to cut emissions with each other.
Article 6.2 - rules for two countries trading with each other.

Article 6.4 - a market for countries to trade with each other, or for credits to be used for "other purposes" (more on this later)
Read 22 tweets
Nov 16
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

#Article6
Countries can label information on carbon credits "confidential". There were hopes they wouldn't be allowed to do so.

They just have to explain why.

This could make carbon credits black box & shrouded in secrecy - we man not know how much climate good/harm they do

#Article6
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.
Read 6 tweets
Nov 16
"Nature based solutions are best bang for buck." says @theresecoffey

#COP27 Biodiversity Day
@theresecoffey "Meeting goals of Paris Agreement is critical to recovery of natural world and our ocean." @theresecoffey

#COP27
"We cannot tackle causes and impacts of climate change if we do not restore natural world on vast scale." @theresecoffey #COP27
Read 5 tweets

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