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EU Paves Way for International Carbon Credits in 2040 Climate Target

On 2 July 2025, the European Commission introduced its 2040 climate target of reducing greenhouse gas (GHG) emissions by 90% compared to 1990 levels. One of the key features of this strategy is the possibility to introduce...more

Upcoming Revisions to EU Carbon Pricing and UK Linkage

On 19 May 2025, the UK and the EU announced plans to link the EU Emissions Trading System ("ETS") with the UK ETS. Concurrently, the European Commission is preparing for a review of the EU ETS slated for 2026 by launching a...more

COP 29: a global carbon market in the making

The 29th Conference of the Parties to the United Nations Framework Convention on Climate Change ('UNFCCC') ('COP29') adopted decisions on Article 6 of the Paris Agreement. After nearly a decade of negotiations, the outcome of...more

Voluntary carbon markets: will carbon credits soon become a crucial way to decarbonise?

Purchasing carbon credits was once seen as a way for companies to sidestep genuine emissions reduction in their decarbonisation efforts. But that is changing as these products, and the way they are used, face growing...more

Roadmap to COP29 – what is new for carbon markets?

The 29th Conference of the Parties to the United Nations Framework Convention on Climate Change ('COP29') may offer opportunities for key stakeholders to foster international cooperation on using market-based cooperative...more

Picking up speed on the road to carbon-neutrality

The drive to achieve a carbon-neutral future is accelerating. Through the 2015 Paris Climate Agreement, nations committed to curbing climate change by limiting global temperature increases to no more than 2°C above...more

Further groundwork for Article 6 Paris Agreement laid at Bonn Climate Change Conference

The Bonn Climate Change Conference saw limited progress resolving open issues related to Article 6 of the Paris Agreement, which aims to incentivize international cooperation in mitigating climate change through carbon credit...more

Article 6 Paris Agreement: talks continue at Bonn climate change conference

The 60th sessions of the United Nations Framework Convention on Climate Change Subsidiary Body for Implementation and Subsidiary Body for Scientific and Technological Advice from 3 to 13 June 2024 in Bonn, Germany (the "Bonn...more

Progress made on Paris Agreement Article 6.4 at Bonn; Talks to Continue in Dubai

Article 6.4 of the Paris Agreement to the United Nations Framework Convention on Climate Change ("UNFCCC") provides a structure for a carbon credit market on which greenhouse gas ("GHG") emission reductions or removals may be...more

Emerging Fundamentals in Climate Mitigation Through ITMO Transactions Under Paris Agreement Article 6.2

Article 6.2 of the Paris Agreement that was approved by the 21st session of the Conference of the Parties to the United Nations Framework Convention on Climate Change ("UNFCCC") provides a framework for countries to transfer...more

Integrity Of The Voluntary Carbon Market: Draft ‘Core Carbon Principles’

The voluntary carbon credit market is a market-based approach to controlling greenhouse gas (GHG) emissions. Individuals, companies or governments can purchase credits, often referred to as "carbon credits", to mitigate or...more

Negotiations on Carbon Credits Expected to Continue at COP27

Greenhouse gas emissions reduction or removal credit transactions allow governments, companies or individuals to purchase credits that are often referred to as "carbon credits" in an effort to mitigate climate change by...more

Scaling Voluntary Carbon Markets: Phase II Report

The 'Taskforce on Scaling Voluntary Carbon Markets' (the "Taskforce") is a private sector initiative working to scale an effective and efficient voluntary carbon credit market to help meet the goals of the Paris...more

Scaling Voluntary Carbon Markets: Phase II Public Consultation

The 'Taskforce on Scaling Voluntary Carbon Markets' (the "Taskforce") is a private sector initiative working to scale an effective and efficient voluntary carbon credit market to help meet the goals of the Paris...more

Scaling Voluntary Carbon Markets: The Final Report

The 'Taskforce on Scaling Voluntary Carbon Markets' (the "Taskforce") is a private sector initiative working to scale an effective and efficient voluntary carbon credit market to help meet the goals of the Paris...more

Voluntary Carbon Markets: A Blueprint

The 'Taskforce on Scaling Voluntary Carbon Markets' (the "Taskforce") published a blueprint for a voluntary greenhouse gas or carbon market in its 10 November 2020 Consultation Document. The Taskforce's Consultation Document...more

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