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🗞️ Driving the news: At ChangeNOW 2025, France unveiled its new Charter for Paris-aligned and High-Integrity Use of Carbon Credits to bolster its net-zero transition
• Announced by Minister Agnès Pannier-Runacher, the Charter mandates companies to prioritize direct emissions cuts, use carbon credits only for unavoidable emissions, and ensure transparent reporting, aligning with international best practices
• Seventeen companies, including Schneider Electric, have already signed on
🔭 The context: France has significantly cut its emissions — down 31.2% from 2005 to 2023 — but faces challenges with shrinking natural carbon sinks
• This Charter builds on momentum from COP29, where global standards for high-integrity carbon credits under Article 6.4 were finalized
• It aims to further clean up the voluntary carbon markets amid growing scrutiny over their credibility
🌍 Why it matters for the planet: High-integrity carbon markets can accelerate net-zero pathways if credits are used responsibly
• France’s Charter sets a new global benchmark, ensuring companies do not rely on offsets as a substitute for real emissions cuts
• This model, if widely adopted, could significantly enhance climate ambition and accountability worldwide
⏭️ What's next: Companies must now align their climate strategies with the Charter’s principles by publishing transition plans and disclosing clear emissions data
• France’s leadership could push other nations and businesses to adopt similar standards, driving convergence toward robust global carbon markets ahead of COP30
• Monitoring adoption and market response will be critical in the coming months
💬 One quote: "The French government has shown international leadership by convening a group of high-ambition businesses to commit to using carbon credits with confidence and credibility," — Lydia Sheldrake, Director of Policy and Partnerships at the Voluntary Carbon Markets Integrity Initiative (VCMI)
📈 One stat: Between 2005 and 2023, France’s emissions intensity fell by 43%, and per capita emissions decreased by 37%, highlighting significant progress but also the urgent need to rebuild carbon sinks
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