An international treaty on climate change adopted by 196 governments at the COP21 summit in Paris in 2015 under the United Nations Framework Convention on Climate Change. Signatories agreed to reduce greenhouse gas emissions in order to limit the global average temperature increase to well below 2 degrees Celsius compared with pre-industrial levels, and to pursue a goal of 1.5 degrees C.
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The Carbonwise editorial team is formed of seasoned established industry writers and specialist journalists.
24 July 2025
The Voluntary Carbon Market. Describes a market where project-based carbon credits are traded voluntarily and outside the scope of any national law (and regulation).
17 July 2025
Vietnam’s national carbon market is set to move forward in 2025 with the start of a pilot phase, highlighting progress in a fast-developing regional carbon markets hub in Southeast Asia that also...
14 July 2025
Carbon leakage refers to the unintended migration of carbon-emitting activities away from a jurisdiction that restricts CO2 emissions, and towards a jurisdiction where no such restrictions exist. For example, Europe's Emissions Trading System imposes a cost of CO2...
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