Carbon Market Watch

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Expectations related to the role of carbon markets in the Paris Agreement – UNFCCC ADP session, October 2015, Bonn

20 Oct 2015

Expectations PDF (English)


Going into Bonn, the Paris draft treaty text has been successfully shortened down to 20 pages, including the draft agreement and accompanying draft decisions. While this reduction in size is a positive step towards approaching the future climate treaty, some important elements went missing, and this session offers Parties the chance to repair such oversights.

Some of the lost elements include:

  • Environmental integrity standards for possible use of carbon markets post-2020
  • Rules to avoid double counting of internationally traded units
  • Rules to avoid the build-up of hot air in the 2015 Paris agreement
  • Promoting early action while upholding environmental integrity
  • Ensuring international aviation does its fair share towards the 1.5C goal
  • Robust language on Human Rights in the operative part of the core agreement

Read full policy expectations here