Tag: carbon credits

• Open letter against international credits in the EU 2040 climate target

  ECOS is among the many voices urging the EU to deliver a truly domestic and ambitious 2040 climate target. Read our open letter - signed alongside a broad coalition of civil society organisations, academics, and businesses - against integrating international credits into the EU 2040 climate target and NDC.

• New VCMI guidance risks justifying carbon offsetting and delaying real corporate climate action, NGOs say

  Press release | In new guidance, the Voluntary Carbon Markets Integrity Initiative (VCMI) is promoting the use of carbon credits to camouflage the fact that companies grappling with their Scope 3 emissions are off track to reach their commitments. NGOs including ECOS, NewClimate Institute, Carbon Market Watch and Milieudefensie have critiqued the guidance, saying that carbon credits must not replace direct emissions reductions.

• Climate neutrality standard could add to greenwashing toolkit despite EU ban on misleading claims, new report shows

  Press release | Companies that make no changes to their usual practices but claim their products or operations are climate neutral by buying carbon offsetting credits are greenwashing – plain and simple. The European Union recently took the same stance with new rules on green claims and empowering consumers. A report from environmental NGO ECOS [1] reveals that a new international standard rubberstamps practices that are in contradiction to these laws and are not aligned with the goals of the Paris Agreement [2].