Corporate climate integrity: what role for the EU?

2 October 2023 | 11:00-12:30 CEST | ONLINE

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. However, even though it is clear that businesses can leverage carbon markets as a means to finance and scale their decarbonisation efforts, there’s 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 seventh ETS Talk will delve into the synergies between carbon markets and private sector decarbonisation whilst exploring the role of the EU 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.

KEY QUESTIONS

• How can the infrastructure provided by Article 6 be utilised to enhance transparency and accountability?

• How can businesses leverage carbon markets to drive sustainable innovation and reduce their carbon footprints?

• In what ways does the EU engage with non-state actors to promote the principles of the Paris Agreement and encourage broader climate action?

• Is it possible to talk about corporate climate integrity? And what role can the EU play in tackling misleading claims and adverse offsetting practices?

AGENDA

Opening remarks Francisco Ferreira, ZERO

Carbon Markets and Corporate Climate Action Pedro Barata, Environmental Defense Fund

The EU as a Normative Power? Nicolas Kreibich, Wuppertal Institut

Q&A and discussion

Closing remarks Sam Van den Plaas, Carbon Market Watch