At COP26 in Glasgow, the international community finally agreed on new rules to govern carbon markets under Article 6 of the Paris Agreement. These mostly regulate trades between countries, but also have implications for voluntary offsetting by provide companies.
What are the key takeaways from these rules and how will this affect companies and countries that rely on carbon credits to meet climate targets?
In just 20 minutes, you will hear from five experts summarising one key outcome each. Afterwards, you will be able to pose your questions to the panelists.
Agenda
Introduction – Carbon Market Watch
Five questions, five experts
- What happens to the old system and when will the new system start? Nico Kreibich, Wuppertal Institut
- Has double counting been prevented? Harry Fearnehough, NewClimate Institute
- Does Article 6 deliver adaptation finance, and go beyond zero-sum offsetting? Catalina Gonda, Fundación Ambiente y Recursos Naturales (FARN)
- Are people and the environment sufficiently protected against negative local impact? Erika Lennon, Centre for International Environmental Law
- Is it a good deal? Gilles Dufrasne, Carbon Market Watch
Questions from audience