Carbon markets have grown in popularity amongst businesses to provide economic incentives to invest in sustainable practices and technologies, creating the possibility of a positive impact on the environment. Businesses can leverage carbon markets as a means to finance and scale their decarbonisation efforts, but there is also an underlying risk that companies use carbon offsetting to make unsubstantiated claims and hide corporate inaction.
Therefore, the rise of greenwashing poses a significant challenge in a way that upholding integrity within carbon markets becomes essential to ensure transparency, accurate reporting, and credible verification processes.
This is where the seventh ETS (Emissions Trading Schemes) Talk titled "Corporate Climate Integrity: What Role for the EU?" picks up: On 2 October 2023 from 10.00 to 11.15 am, speakers delve into the synergies between carbon markets and private sector decarbonisation and explore the EU’s role in promoting the integrity of corporate climate action through activities within as well as outside the EU and partially making use of the Article 6 infrastructure.
Nicolas Kreibich, Senior Researcher in the Global Climate Governance Research Unit at the Wuppertal Institut, speaks on the subject of "The EU as a Normative Power" at 10:25 am, followed by a Q&A and discussion session.
For more information about the agenda and to register at no charge, please see the link below.