- Formal negotiations
- Finance
- Global review
- Global report
- Digital sequence information
- Harmful subsidies
- Marine biodiversity
- Planning, monitoring, reporting and review
- Article 8(j) implementation
- Biodiversity and climate change
- Links with other bodies
- Around the COP
- Armenian presidency
- Protests
- Lobbying and influence
- Carbon and biodiversity markets
Isa Mulder is a policy expert on global carbon markets at Carbon Market Watch.
In recent months, industry players as well as some conservation groups have been pushing to effectively lower the integrity and ambition of carbon markets under Article 6 of the Paris Agreement.
However, the need to finance nature does not excuse creating a carbon crediting mechanism devoid of environmental integrity, just to keep carbon projects commercially viable. The bar set by the Article 6 crediting mechanism must be high, as the price that nature will pay if we opt to rely on hot air credits to offset ongoing emissions is much higher.
Carbon credit markets have been a controversial feature of international climate politics since the establishment of the Clean Development Mechanism under the Kyoto Protocol, and later adoption under Article 6 of the Paris Agreement.
Although the Article 6 rulebook was finalised at last year’s COP in Baku – albeit with many worrisome gaps – the nitty-gritty of its carbon crediting mechanism is still being developed. That work is overseen by the Supervisory Body (SBM), a de facto regulator accountable to the signatory countries of the Paris Agreement.
Permanence rules weakened
Between July and September 2025, the Methodological Expert Panel (MEP) – the technical advisory committee reporting back to the SBM – produced draft rules on permanence, intended to spell out the steps that carbon market projects must take to guarantee their emission reductions or removals are permanently and securely stored on climate-relevant timeframes (centuries to millennia).
The MEP’s final recommendation introduced requirements for carbon projects considered at risk of losing their achieved results. This included requiring projects to monitor their claimed mitigation until it could be reliably demonstrated that the likelihood of re-releasing sequestered CO₂ (e.g., carbon stored in trees) into the atmosphere was negligible, such as through events like fire or logging. In essence, high-risk projects would need to keep a watchful eye on emission reductions or removals for as long as that risk remains significant.
The rationale behind this is that carbon credits are often used for offsetting purposes as a means to supposedly compensate for ongoing fossil fuel emissions, of which the negative impacts are nearly permanent.
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It is therefore reasonable to expect that the carbon credits designed to compensate for this damage also guarantee positive impacts over a comparable duration. Failing to do so would mean that any apparent short-term benefits of offsetting would eventually become harmful and lead to net temperature increases, even before considering the broader environmental and social concerns related to offsetting.
However, this seemingly sound rationale rubbed many market actors the wrong way.
Whereas such documents typically attract only a handful of stakeholder responses, this one received over 170 reactions during the first and second rounds of consultations on the proposed rules.
Carbon Market Watch found that in the second round, three-quarters of commenters held direct or indirect financial interests in carbon markets and most of them strongly opposed the draft requirements. Their efforts were successful, and, as a result, weaker rules were adopted.
Carbon credits cannot save nature alone
Now turning their attention to COP30, many of the same market actors, along with some conservation organisations, are asking countries to further erode the integrity of the carbon crediting mechanism under Article 6.
Efforts to dilute these rules further risk derailing Article 6 at COP30, a conference which is meant to place nature front and centre. The misconception at the heart of this dangerous campaign is that stronger rules would negatively affect nature-based projects.
While it is undeniable that financing nature is essential for reaching our Paris Agreement goals, the need to finance nature is no good reason to create a carbon crediting mechanism lacking in environmental rigour, motivated by market actors’ desire to keep carbon projects commercially viable.
Is “hard-to-abate” really that hard – or is it a justification for delay?
Those in favour of weakening the rules often seem to conveniently overlook that most credits approved and circulating have been of very low quality and that they are used – mainly by big oil – to excuse business-as-usual emissions.
The scientific consensus holds that finance for nature must be scaled up to protect the natural world, but not by linking it to the offsetting of fossil emissions, whose climate impacts last for millennia. In fact, scientists have warned time and again about the serious shortcomings of relying on offsetting as a climate solution. If the credits used to compensate for fossil fuel emissions can’t make good on their promise, then climate change will worsen, and nature will end up being worse off.
The choice ahead of us is clear. Countries at COP30 will have to make a decision on the direction of travel for this discussion. The question is not how to bend carbon market rules to create a financing mechanism for nature-based offsetting projects, but how to uphold and strengthen those rules to protect nature itself.
The post Carbon market supporters risk cheating the nature they wish to protect appeared first on Climate Home News.
Carbon market supporters risk cheating the nature they wish to protect
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Prepared by a coalition of nine Western Australian union, industry, conservation, and community organisations—including UnionsWA, the Conservation Council WA, and the Smart Energy Council—the WA Clean Energy, Jobs & Industry Plan provides a practical roadmap to transform Western Australia into a clean energy powerhouse while creating thousands of secure local jobs.
Western Australia stands at a pivotal crossroads: lead the global clean energy economy or watch investment, future industries, and secure jobs go elsewhere. The WA Clean Energy, Jobs & Industry Plan outlines a transformative blueprint to harness the state’s world-class solar and wind resources. Discover how legislated renewable targets, green iron manufacturing, and a dedicated regional training strategy can generate tens of thousands of local jobs, lower household bills, and build a resilient, net-zero future for all Western Australians.
WA needs a clear and forward-thinking plan if it is going to become a competitive renewable energy powerhouse and maintain its economic strength through the energy transition.
“Western Australians know a faster renewable energy transition will lower their household expenses and prevent harmful climate pollution. But the community also needs clear direction to ensure this transition will create jobs, lower costs and not cause undue environmental harm.
“Here, sectors representing a broad range of interests have laid the groundwork for those outcomes, clearly outlining what is needed to create a future for WA that is good for the environment, for the climate, for workers and for the economy.
Summary
The WA Clean Energy, Jobs & Industry Plan sets out a strategic roadmap to position Western Australia as a global clean energy superpower while creating thousands of secure local jobs.
The report establishes three overarching goals:
- Creating local employment.
- Maintaining industrial competitiveness.
- Lowering household energy costs
To realize this vision, the framework details actionable measures to follow on from the recent WA Government announcement of a 75% Renewable Energy Target by 2031 for the South West Interconnected System. This includes developing a statewide Renewable Energy Target, coordinating statewide workforce and training pipelines, strategically planning regional infrastructure to safeguard high-value biodiversity and cultural heritage, and ensuring equitable benefit-sharing through household electrification incentives and First Nations equity partnerships. Ultimately, the plan highlights that establishing clear policy and regulatory certainty will unlock lower energy bills, boost power reliability, and secure the state’s global competitiveness in emerging green commodity export markets.
Key Findings
- Statewide Renewable Energy Target and Emissions Reduction Targets: The report calls for a statewide RET and 1.5°C aligned emission reduction targets to remove policy risk, lower capital costs, and attract clean energy investment.
- Transformative Job Creation: Accelerating the transition offers massive employment prospects, including up to 8,800 solar and battery jobs by 2050, as well as 24,000 ongoing and 11,000 construction jobs in a commercial green iron industry.
- Industrial Electrification & Competitiveness: Requiring large gas users to adopt binding electrification timetables and providing concessional financing will protect existing energy-intensive manufacturers from rising energy costs and impending domestic gas shortfalls.
- Green Commodity Export Leadership: Western Australia can build new export markets in green iron, green ammonia, and offshore oil/gas decommissioning by constructing shared common-user infrastructure and setting dedicated Green Commodity Export Targets.
- Coordinated Workforce & Training Pipeline: To address critical skill shortages the plan recommends establishing a WA Clean Energy Jobs Plan 2050, three regional training hubs, and dedicated pathways for female and under-represented apprentices.
- Environmental Safeguards & Community Benefits: Fast-tracked development must be paired with State Planning Policies that avoid high-biodiversity and cultural heritage lands, mandate new data centres to run on additional renewable power, and deliver household electrification rebates and First Nations equity partnerships.
What you can do
WA has an opportunity to lead on sustainable, clean energy and associated industries. You can help by:
- Sending an email to Environment Minister Murray Watt and Prime Minister Anthony Albanese, calling on them to reject Browse.
- Sharing this story to help more Australians understand what’s at stake.
- Encouraging your friends and family to take action.
Countries have completed the first “global review” of their progress towards reversing nature loss by 2030 at the COP17 biodiversity talks in Yerevan, Armenia.
The review “notes with deep concern” that, unless action is “rapidly accelerated”, the goal to reverse nature loss and meet a set of 23 targets by 2030 “will not be achieved”.
It “urges” countries to accelerate action, including by “increased ambition in addressing the gaps”.
Much of the discussions in Yerevan focused on how to raise the necessary funds to help developing countries protect nature.
Some major economies pushed to expand the range of nations that are expected to provide finance, with countries agreeing at the end of the two weeks of talks that non-donors that want to contribute can “signal interest” before COP18.
This came after developed countries failed to meet a target to significantly ramp up nature finance over the last few years.
It also came as a landmark fund agreed at COP16 in Colombia to pay communities for the genetic resources derived from nature stands nearly empty two years on.
The Yerevan talks marked the halfway point of the “Kunming-Montreal Global Biodiversity Framework” (GBF), the “Paris Agreement for nature” first made in 2022 and due to be achieved by 2030.
During the nearly 12-hour-long final plenary, countries voted for Quito, Ecuador, to host the COP18 nature talks, which will be held in 2028.
Countries managed to sign off on all the major negotiation texts, marking a stark contrast to COP16, which ran so far over time that the Colombian presidency lost “quorum”, forcing talks to resume in Rome months later.
Below, Carbon Brief has detailed analysis of all of the key outcomes from COP17.
Formal negotiations
Finance
Finance, predictably, was at the heart of the discord and deadlock at the Yerevan talks.
At COP17, discussions on finance had to achieve several outcomes.
The first part – to take stock of biodiversity finance mobilised so far to meet the nature deal’s goals – fell under the global review.
As the global report noted, developed countries failed to meet their commitments to raise “at least $20bn a year by 2025” for nature. Delegates pointed to falling aid levels and a sharp 27% decline in environmental funding for the 2026-30 period.