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Martin Hession is Chair of the Article 6.4 Supervisory Body, which oversees the rules for the UN carbon market under the Paris Agreement, and Maria AlJishi is the body’s Vice Chair.

The recent adoption of new standards for the UN’s carbon market marks a key step for international climate cooperation, finally aligning offset crediting with the Paris Agreement and providing a benchmark for countries and investors in a world where all nations are expected to continuously raise their climate ambition.

As Chair and Vice-Chair of the Supervisory Body developing these rules, we are acutely aware that we serve a diverse set of actors. Our task is to steer a path that delivers climate ambition, supports country priorities, safeguards social and environmental integrity, and offers a reliable framework for investment.

At the core is a persistent question: are the rules effective in delivering real results and fair in balancing the interests of all those involved in the market?

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In the past two years, we’ve made important progress. We’ve adopted broad standards for how to calculate both emission reductions and emissions removals, established a system to manage the risk of emissions reversals, and introduced mandatory environmental and human rights safeguards and an independent grievance and appeals process. However, without a steady flow of investment, this progress will remain largely on paper.

Laying the foundation for greater ambition

With the adoption of the new baseline standard in May, we’ve entered a new phase, enabling more ambitious credits. We now have a clear and rigorous standard to guide the implementation of stronger crediting benchmarks. In today’s context, it offers a more realistic starting point for measuring credible emissions reductions and removals.

Under this benchmark, credits can only be claimed for reductions compared to conservative estimates of what would have occurred without the project. Projects can no longer earn credits for minor improvements over business-as-usual; they must use more conservative baselines that reflect growing climate ambition.

First carbon credit scheme for early coal plant closures unveiled

For example, a mechanism methodology may require crediting levels to be set at least 10% below historical emissions or benchmarked against best-in-class performance and then require a decline by at least 1% per year. This steady tightening ensures alignment with a net zero pathway, reduces the risk of over-crediting, and helps host countries retain more emission reductions, supporting future ambition.

The leakage standard is another important step, though more work remains to address emissions impacts at the national or sectoral level. Its goal is to make sure that projects reducing emissions in one place don’t cause emissions elsewhere. For example, if a reforestation project protects one area but displaces logging to a nearby region, the overall benefit could be lost. The standard requires projects to identify and track such indirect impacts and subtract them from the emissions cuts they claim.

Avoiding past mistakes

These technical standards are essential to ensuring environmental integrity. But their success also depends on trust and participation, particularly from countries hosting the carbon credit projects. As they weigh whether to approve credits and crediting programmes, they will understandably want to retain a share of the emissions reduction benefits from the investments. The new standards help address this, but more is needed.

The Paris Agreement Crediting Mechanism (PACM) already hardwires the roles and responsibilities of host countries into its processes. At our last meeting, we discussed how to strengthen communication and deepen engagement with host countries to ensure national policies and climate ambition are respected, and where requested, supported and enhanced.

Carbon credits have long faced scrutiny for overpromising and underdelivering. We are well aware of the need to avoid repeating past mistakes. From the outset, we’ve worked to improve on previous models, applying lessons learned.

UN approves carbon market safeguards to protect environment and human rights

The context for crediting has changed significantly since the early days of the Clean Development Mechanism (CDM), a benchmark for many voluntary programmes. While we will continue to build on CDM methodologies and experience, we must adapt them to a more ambitious framework, one that responds to host country expectations the CDM was never designed to meet.

We now move forward with renewed confidence. Our new rules allow for top-down updates to old carbon credit methodologies – meaning we can revise them centrally for key sectors. We’ve also received the first proposal for a brand-new methodology through the bottom-up process, where ideas come directly from project developers or local actors. And the first PACM credits could be issued later this year.

Scrutiny welcome

We’ve been criticised for moving slowly and for the complexity of our process. It has taken time to reach political agreement on the implementation framework for the new UN carbon market. But the positive reception of the framework we presented at the COP29 climate summit in Baku helped accelerate our progress. Thanks to the excellent work of our expert panels, we adopted detailed standards quickly. We believe these are both ambitious and clear.

Is COP29 “breakthrough” on UN carbon market all it seems?

Of course, there is more to do. Later this year, we’ll consider detailed rules to assess and insure against the risk of emissions reversals. We aim to see the full framework in action by early next year.

We are taking a practical, agile approach to implementation. The general standards set the direction; individual methodologies will be detailed but designed to evolve. Implementation will be phased, with space for continuous feedback and improvement.

We welcome scrutiny, not just for accountability, but as essential to our mission of fair and effective implementation for a high-integrity UN carbon market.

The post A credible UN carbon market needs rules that count – we’ve just set them appeared first on Climate Home News.

A credible UN carbon market needs rules that count – we’ve just set them

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New panel of climate scientists calls for fossil fuel transition roadmaps

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A new panel of experts, bringing together some of the world’s top climate scientists, has called on governments to develop roadmaps for phasing out fossil fuels “anchored in science and justice”.

Launched on Friday in Santa Marta, Colombia, along with a set of 12 initial policy recommendations, the panel’s appeal came ahead of a key ministerial meeting on equitable ways to reduce dependence on coal, oil and gas during next week’s “First Conference on Transitioning Away from Fossil Fuels”.

Sixty countries head to Santa Marta to cement coalition for fossil fuel transition

Presenting the panel’s recommendations in a packed Santa Marta Theatre, Johan Rockström, director of the Potsdam Institute for Climate Impact Research (PIK), said the push for a global transition away from fossil fuels offers “a light in the tunnel” during a “very dark moment” of geopolitical conflict and climate extremes.

“Science is here to serve,” Rockström said. “We’re today launching the Science Panel for the Global Energy Transition (SPGET) as a service, as a global common good for all countries, all sectors, all regions to connect to the best science enabling a transition away from fossil fuels.”

The panel is urging countries to create “whole-of-government” plans to “dismantle legal, financial and political barriers” to the energy transition. Its insights are intended to inform top officials from 57 governments who will gather in Santa Marta for high-level discussions on Tuesday and Wednesday.

Draft roadmap for Colombia

Colombian Environment Minister Irene Vélez Torres said the panel “addresses a longstanding shortcoming” in international climate science, by creating a scientific body dedicated solely to overcoming the world’s reliance on fossil fuels.

“It’s a first-of-its-kind, designed to organise in the next five years the scientific evidence that allows cities, regions, countries and coalitions to take the big leap,” Vélez told the event in Santa Marta.

As an example of how countries can move forward – even when their economies are closely tied to the production and use of dirty energy – a group of European scientists presented a draft roadmap to phase out fossil fuels in Colombia, with inputs from the Colombian government. It will be used as a basis for further consultation in the Latin American nation to define the way forward.

To phase out fossil fuels, developing countries need exit route from “debt trap”

Piers Forster, director of the Priestley Centre for Climate Futures at the University of Leeds and co‑author of the roadmap, said it shows “a clear pathway to economic and societal benefit”, with average annual investment of $10.6 billion producing net economic benefits of $23 billion per year by 2050.

The document says fossil fuels in Colombia can be phased out through energy efficiency measures, coupling renewable generation with energy storage, and switching to electrified transport. But, it adds, the government will need to plan for reduced revenue from fossil fuel exports, which roughly half by the mid-2030s.

“What matters now is moving beyond headline targets to create credible, policy-relevant roadmaps, enabling a just and effective transition,” Forster said in a statement. Brazil is also working on a national roadmap for its own economy, as well as leading a voluntary process to produce a global roadmap.

IPCC hobbled by politics

Currently, the world’s top climate science body – the Intergovernmental Panel on Climate Change (IPCC) – requires countries to sign off on each “summary for policymakers” of its flagship science reports. This has led to a politically fraught process that has increasingly seen some oil-producing governments making efforts to weaken its recommendations.

In a bid to focus scientific debates on the phase-out of fossil fuels, the new SPGET was created based on a mandate from last year’s COP30. It is also meant to come up with scientific recommendations at a faster pace than the IPCC’s seven-year cycle.

Natalie Jones, senior policy advisor at the International Institute of Sustainable Development (IISD), called the new scientific panel “historic”, as it will be “more specific, more targeted and potentially more agile” with its advice on phasing out coal, oil and gas than the IPCC’s exhaustive scientific synthesis reports.

Why the transition beyond fossil fuels depends on cities and collective action

One of the SPGET members, Peter Newell of the UK’s University of Sussex, said “there are many different challenges along the way – and not all of them have to do with lack of evidence”, but the phasing out of fossil fuels “is one part of the story and it’s important to address it”.

The panel will be co-chaired by Cameroonian economist Vera Songwe, PIK’s chief economist Ottmar Edenhofer and Gilberto M. Jannuzzi, professor of energy systems at Brazil’s Universidade Estadual de Campinas. It will be composed of between 50 and 100 scientists divided into four working groups: transition pathways, technological solutions, policies and finance.

Under the 12 insights for the Santa Marta process, the panel recommended banning new fossil fuel infrastructure, mandating “deep cuts” in methane emissions, implementing carbon levies on imports, and de-risking clean energy investments via interventions from central banks, among others.

The post New panel of climate scientists calls for fossil fuel transition roadmaps appeared first on Climate Home News.

New panel of climate scientists calls for fossil fuel transition roadmaps

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New loss and damage fund could run out of money next year

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Despite not yet paying out any money, a UN-backed fund meant to address the loss and damage caused to developing countries by climate change could face “liquidity issues” by the end of next year, its head warned today.

With ten projects already requesting $166 million in total, the fund’s Executive Director Ibrahima Cheikh Diong warned a board meeting in Zambia that the fund was likely to be “oversubscribed” and should anticipate cashflow problems.

A framing paper prepared by the fund’s secretariat similarly warns that “given the current status of the capitalization of the Fund, there is a risk of the Fund exhausting its capital by the end of 2027, which could result in a loss of operational momentum and expose the FRLD to reputational risk”.

Since governments agreed to set up the fund at UN climate talks in Egypt in 2022, wealthy nations have promised $822 million, but delivered just $449 million.

The fund is expected to approve its first projects at its next board meeting in July. Early proposals submitted include strengthening responses to floods in Bangladesh and the Nigerian city of Lagos, and improving water infrastructure in Jamaica following Hurricane Melissa last year.

A woman walks over debris, outside a store where food is being distributed, after Hurricane Melissa made landfall in Black River, Jamaica, October 30, 2025. (REUTERS/Octavio Jones )

Millions not billions

ActionAid Zambia climate justice coordinator Michael Mwansa told the board meeting that he was concerned about “the failure of the Global North governments to deliver on their climate finance obligations, making it largely impossible to scale up [the fund’s initial stage] significantly, if at all”.

“Pledges remain nowhere near the billions and even the trillions needed to address loss and damage to the Global South”, Mwansa added, highlighting reports which found that financing loss and damage could cost developing countries up to $400 billion a year.

The fund’s board discussed its strategy for raising more money at its meeting this week while climate campaigners called, in an open letter, for it to aim to secure $50 billion a year from developed countries starting next year, rising to $100 billion a year by 2031 and $400 billion by 2035.

The World Bank-hosted fund aims to have revenue-raising rounds known as replenishments every four years, with the first in 2027.

Governments have agreed to “urge” developed countries to contribute but only to “encourage” other nations to do so and the fund’s secretariat wants to appoint a “high-level champion” to lead the replenishment team.

The fundraising strategy will be discussed further at the next board meeting in the Philipines in June.

Campaigners’ open letter calls for developed countries to contribute more and for them to introduce taxes on fossil fuel companies, financial transactions, luxury air travel and wealth to raise money for the fund.

“Rich countries must be held strictly accountable for the devastation they have caused,” said Climate Action Network International head Tasneem Essop. “Their failure to fulfil their responsibility to the Loss and Damage Fund is not just an oversight; it is a shameful betrayal of humanity.”

The post New loss and damage fund could run out of money next year appeared first on Climate Home News.

New loss and damage fund could run out of money next year

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Don’t be so reckless: Hands of Scott Reef

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Today, Greenpeace activists disrupted Woodside’s Annual General Meeting, its biggest corporate event of the year, to put the dirty gas corporation’s disastrous plans to drill at Scott Reef front and centre.

While a community rallied outside the shareholder meeting, Greenpeace activists brought the protest inside.

Together, a clear message was sent to Woodside’s executives: keep your hands off Scott Reef.

Inside, a choir of activists performed a ‘Save Scott Reef’ rendition of Angie McMahon’s cover of ‘Reckless’ – a plea to Woodside’s executives, including new CEO Liz Westcott, and shareholders to abandon their reckless plans to drill for dirty gas on the doorstep of a pristine ocean ecosystem.

Several activists were escorted out of the meeting by security while singing and holding up “Hands off Scott Reef” signs that had been smuggled into the room.

Outside, a powerful community gathered in protest, calling on WA and Federal governments to reject Woodside’s Browse project and put our oceans and climate first.

Why are we doing this?

Woodside’s Browse project involves drilling 57 gas wells underneath and around Scott Reef – a critical habitat for rare marine life including pygmy blue whales, green sea turtles and the dusky sea snake.

Gas would be extracted and transported to the Burrup Hub – the most polluting fossil fuel project in Australia. This proposal would industrialise Australia’s largest freestanding oceanic reef system, threatening the marine life that relies on it and the climate.

This project has already been called “unacceptable” by the WA EPA, and has not yet been approved by either the WA or Federal government.

That means our voices matter, now.

Woodside cannot be trusted with our oceans. Together, we can save Scott Reef.

Don’t be so reckless: Hands of Scott Reef

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