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Climate Brief

Global carbon accounts in 2022

Carbon revenues were nearly USD 100 billion in 2021. This represents a more than 80% increase year-on-year (USD 53.1 billion in 2020, USD 97.7 billion in 2021). This increase is largely driven by the rise in allowance prices on the European carbon market, which exceeded the symbolic threshold of EUR 100/tCO2 for the first time in the summer of 2022.

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Articles & studies
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  • 02/12/2022 Foreword of the week
    European Carbon Certification must be demanding… and appealing
    How can we differentiate between projects that really enable carbon to be stored and those that only claim to do so? This is a complicated question when dealing with projects in agriculture and forestry, where quantifying carbon storage is complex, and where other environmental challenges, like the preservation of biodiversity, must also be taken into account. A complicated question, therefore, but one that needs an answer! Private actors and public authorities want to ensure that the agricultural and forestry projects financed in the name of the climate have a real environmental benefit.
  • 01/12/2022 Blog post
    Carbon certification: the Commission publishes a stringent certification framework that should also be and appealing
    Yesterday, 30 november 2022, the European Commission adopted a proposal for a first EU-wide voluntary framework to reliably certify high-quality carbon removals. This proposal provides a framework, broad guiding principles, and the details will be specified in 2023 supported by an expert group on Carbon Removals. “The devil may be in the detail”, but the framing is no less important. Claudine Foucherot of [i4ce] has analysed it and identified four points on which we must be vigilant. Overall, it can be said that the Commission is submitting an ambitious proposal, which nevertheless presents a risk: not being sufficient incentives to ensure a massive deployment of certified projects.    
  • 08/07/2022 Op-ed
    Op-ed | Payment for carbon farming: we need an ambitious and pragmatic European certification
    The European Commission will propose a `carbon certification’ by the end of the year as a first step towards remunerating farmers and foresters who contribute to carbon farming. This certification project raises debates and concerns. For Adeline FAVREL of I4CE, the EU can respond and develop an ambitious certification by relying on the experience of the Member States in this field.
  • 26/03/2020 Blog post
    Forest and climate: in search of local action with no regrets
    Many states have set themselves the objective of becoming carbon neutral: their residual emissions will have to be offset by equivalent absorptions by carbon sinks on their territory. Julia Grimault explains the uncertainties surrounding the forest sink and calls for localized and no-regrets actions to act against climate change.
  • 30/12/2019 Climate Report
    Domestic carbon standards in Europe
    In a general context of higher carbon prices and with a growing interest from companies to finance local emissions reductions projects, several European countries have started developing their own domestic carbon certification standards since the early 2010s. This study provides an overview of existing standards and of the obstacles they must overcome, as well as […]
  • 11/09/2019 Blog post
    Understanding deforestation processes in Brazil to avoid the tipping point
    The fires in the Amazon have put the challenge of deforestation back on the political and media agenda, responsible for about 11% of global greenhouse gas emissions (IPCC, 2014). I4CE’s Clothilde Tronquet discusses the causes of deforestation and measures that could slow it down and avoid reaching a point of no return.
  • 07/08/2019 Blog post
    Land, climate, and food security: what to learn from the IPCC report?
    Le Groupe d'experts intergouvernemental sur l'évolution du climat (GIEC) (en anglais Intergovernmental Panel on Climate Change, IPCC) vient de publier son dernier « rapport spécial sur le changement climatique et secteur des terres », préparé par 107 experts de 52 pays et qui s’appuie sur 7 000 études scientifiques. I4CE, l’Institut de l’Économie pour le Climat, vous livre ici une synthèse des éléments majeurs de ce document.
  • 17/07/2018 Blog post
    Feedback from the workshop chaired by I4CE during the Climate Plan Anniversary Conference
    On 6 July, the Minister for the Ecological and Inclusive Transition, Nicolas Hulot, organized a conference to mark the first anniversary of the Climate Plan. After a morning spent reviewing the progress made by France, the afternoon was dedicated to four workshops. These workshops were chaired by two Secretaries of State from the Ministry, the ADEME President, and Benoit Leguet the Managing Director of I4CE.

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