Reports

Fossil fuels are the primary driver of the climate crisis, responsible for the majority of global greenhouse gas emissions. Phasing out fossil fuels is the most important step the world can take to limit warming and protect communities. For years, scientists, civil society and impacted countries and communities promoted action on fossil fuels, yet it hasremained marginalised from multilateral discussions. That is beginning to change.

This document outlines systemic issues with carbon offsetting, and with the generation, sale and use of carbon credits, before discussing in greater detail EIA UK’s stance on the most prominent carbon trading mechanisms: Voluntary Carbon Markets, Emissions Trading Schemes and Article 6 of the Paris Agreement.

Contribution to the COP 30 Presidency Roadmap on the Transition Away from Fossil Fuels in a Just, Orderly and Equitable Manner.

EIA's response focuses on three critical issues to the integrity and effectiveness of the revised Governance Regulation: avoiding deregulation, preserving the EU Methane Regulation, and  strengthening Member States planning, reporting and monitoring of fossil fuel consumption and production. 

This briefing identifies the three mutually reinforcing pillars of action to operationalise Paragraph 28(d) of GST-1: (i) monitoring and reporting; (ii) national action; and (iii) financial and technical assistance. Unlike the predominant approach to climate mitigation, which tend to be emissions-based, implementation of paragraph 28(d) of the GST-1 should focus on transitioning the sources of energy, from fossil fuels to renewables, across the economy through planning and investment.

Despite the clear urgency to phase out fossil fuels, countries have repeatedly failed to agree on timelines and transition plans to reduce their dependence. The focus remains on curtailing smokestack and tailpipe emissions rather than reducing supply, while industry-backed terms such as “unabated” fossil fuels and “inefficient” subsidies leave the door open for continued fossil fuel production.