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.
This briefing analyses what is driving the use of methane credits and the issues that accompany them. It explores the structural weaknesses inherited from carbon markets, the added challenges specific to methane, and examples from real-world projects that reveal how these systems function in practice.
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.