As bleary-eyed negotiators at the UN Framework Convention on Climate Change Conference of the Parties (COP) in Katowice, Poland, struggle through late nights of haggling over rules for implementing the 2015 Paris Agreement, one challenge they face is how to energize a global competitive market for cutting climate pollution, while ensuring the integrity of that market.

Technical talks in the far recesses of the giant conference center are focused on two key issues: carbon credit quality, and accurate book-keeping.

On carbon credit quality: Investigations found that the so-called “Clean Development Mechanism” (CDM) of the 1997 Kyoto Protocol issued hundreds of millions of putative carbon credits that didn’t cut emissions beyond what would have happened anyway, or came from projects rife with corruption.

A few CDM projects have helped cut emissions and boost sustainable development in local communities. But it seems the vast majority have little or no environmental value.

That’s why more and more countries are banning the use of these credits to meet climate targets.

Read more at: EDF

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