CDM Watch Newsletter #18, February 2012

According to Mayan believes, cataclysmic or transformative events will happen in 2012. In this first CDM Watch newsletter in 2012, we are looking at several issues and examine whether this could also be true for the international carbon market.

Why we need to address the EU-ETS’ allowance surplus (Newsletter #18)

Guest article by Tomas Wyns, CCAP-Europe Europe’s climate action flagship, the EU Emissions Trading System (EU-ETS) is in troubled waters. Due to the economic crisis, carbon prices have collapsed resulting in a large surplus of allowances. If no action is taken, the EU-ETS could collapse and emission reduction efforts in the EU could be put …

Five reasons the EU should not expect the UN to fix the carbon market (Newsletter #18)

In December 2011 the European Commission published its long awaited Study on the Integrity of the Clean Development Mechanism. The study summarises the merits of the CDM in five bullet points while allotting five entire pages to its shortcomings. The study also devoted a complete section to assessing demand-side reform measures including use restrictions to …

Swedish involvement in Indian hydro CDM questioned (Newsletter #18)

Guest Article by Jens Holm, Member of Parliament (Left Party), Sweden Large-scale World Bank hydro power project, non-additional, far-reaching effects on the local environment, local opposition and no compensation for the affected local community. That is in sum the hydro electric power CDM-project Rampur, Himachal Pradesh, Northern India. The Rampur hydroelectric power project is a …

CDM coal power projects beyond repair (Newsletter #18)

A new paper highlights that even stringent revisions of the rules for CDM coal projects are highly unlikely to result in credits that represent real emission reductions and bring sustainable development. A revision will also not apply to the six projects that are already registered. A seventh project is still trying to get registered under …

A closer look at the CDM Executive Board agenda for 2012 (Newsletter #18)

We provide an overview on several issues on CDM Executive Board’s agenda in 2012. The agenda of CDM Executive Board’s first meeting in 2012 is full. Aside from the 25-page annotated agenda, there are no less than 31 appendices that Board members have to wade through! Most importantly the Board will discuss strategic priorities for …

CDM Executive Board 2012 – who’s who (Newsletter #18)

The CDM Executive Board supervises the CDM and consists of 10 members and 10 alternates. Together with support staff from the UNFCCC Secretariat, they meet approximately six times a year to decide on new policies and methodologies; to review and register new projects; and issue credits. Board members have considerable power and influence. Given the …

CDM Watch at work (Newsletter #18)

Published Articles CDM Watch Recommendations on the Reform of the CDM (28.11.2011) CDM Watch Newsletter at COP 17:Watch this! Progress and gossip about carbon markets at COP‐17 Issue 1 (28.11.2011) Issue 2 (30.11.2011) Issue 3 (03.12.2011) Issue 4 (06.12.2011) Open letters Open letter to Environment Ministers: Integrity of carbon markets at COP17 (28.11.2011) Open Letter …

Civil society workshop on CDM in India, April 2012 (Newsletter #18)

Together with our Indian partners, CDM Watch will facilitate a workshop on CDM and carbon market developments from 18-20 April in Ahmedabad, India. This workshop will bring together a wide range of civil society organisations from across India, Nepal and Bangladesh. The objective of the workshop is to share experience with CDM projects and the …

Upcoming CDM Watch event at the European Parliament (Newsletter #18)

CDM Watch is organising a lunch event on February 21, 2012 to discuss the key findings of the European Commission’s recently published “Study on the Integrity of the Clean Development Mechanism (CDM)” as well as important developments with regard to future carbon markets in the EU context.  The CDM is currently at a crossroads. Throughout …