Looks are deceptive: JK Paper Mill’s A&R CDM project is double profit for the company, huge loss for local people (Watch This! #3)

Visiting Dinabandhu Gand of Kauguda village in the Kalahandi district of Odisha shows that CDM projects in afforestation and reforestation can do the opposite to what they are designed to. In a place where climate change is already inducing ever more annual droughts, this business in the name of mitigating climate change is in fact causing a double effect on people. It raises serious concerns about the effectiveness of afforestation and reforestation projects under the CDM and the impacts they have on local communities.

The Nallakonda Windfarm CDM Project – a Good Concept Badly Implemented (Watch this! #3)

Wind power can be a great source of renewable energy, but if put in the wrong place it can have considerable negative impacts on local livelihoods and resources. This article tells how local eco-restoration efforts were annihilated by the installation of a wind park and why this project should not be rewarded with carbon credits.

Improving Rural Livelihoods Through Carbon Sequestration? (Watch this! #3)

Land grabbing in India takes many forms including expansion of plantation monoculture for carbon sequestration. Often, private companies are contracting farmers to grow eucalyptus trees, purportedly as raw materials for paper, promising higher income. Hoping it could be a ticket out of poverty, many farmers joined the ride with disastrous consequences. This article looks at the impacts that Afforestation and Reforestation (A/R) projects can have on local farmers.

Getting hot in Doha (Watch this! #3)

Carbon markets are in the dumps and the future for these so called “flexible mechanisms” is grim. It’s no wonder carbon markets are collapsing; we don’t need them because weak pledges and the economic crisis are reducing emissions for us. The next international climate negotiations (COP 18) are held at the end of November in Doha, Qatar. For two weeks delegates from close to 200 countries will negotiate the future of the planet. Our message is simple and clear: countries must dramatically increase their pledges to reduce emissions immediately, otherwise we will not stand a chance to prevent catastrophic effects of climate change.

Bumpy Road to EU ETS Reform (Watch this! #3)

The European Union is considered a leader in the international negotiations on climate change. Its main instrument to cut greenhouse gases (GHGs) from industrial emitters is the European Emissions Trading Scheme (EU ETS). However, the effectiveness of the EU ETS has been increasingly questioned because of a massive over-supply of emission permits. Still, it remains a crucial model for the development of other carbon markets globally and influences the way policies are constructed to tackle climate change.

No climate finance for coal! Join our fight! (Watch this! #3)

Last month coal was let back into the CDM. Yes you heard right, despite all evidence new heavily polluting coal power plants can once again apply to earn carbon credits. So, theoretically, a coal-fired power plant in Europe can still offset its emissions with carbon credits from another dirty coal power plant in India. The situation is absurd! It’s the worst decision the CDM Executive Board has made in years and essentially helps to subsidise the construction of new coal power plants. This must be stopped. No more climate finance to coal!

The CDM Executive Board flabbergasts with wrong-headed decisions (Watch this! #3)

When the Clean Development Mechanism (CDM) Executive Board held its meeting in September in Bangkok more than 4,500 CDM projects had been registered and more than 1 billion CDM offset credits or Certified Emission Reduction (CER) units issued. At the same time, CER prices had fallen to less than 1.5 EUR. Point Carbon, an independent industry analyst, projected that prices for CERs would fall to 0.5 EUR by 2020. Too many credits and not enough demand are causing this price collapse. It is doubly unfortunate that the Board made several decisions that will increase the number of credits issued that come from projects with very questionable environmental integrity.

Reform Panel ignores inherent flaws of the CDM (Watch this! #3)

In September, the High-Level Panel on the Clean Development Mechanism (CDM) Policy Dialogue presented its final report with recommendations on how to improve the CDM. Overall, the report fails to address fundamental flaws of the CDM, is strongly based on political opinions and ignores important research. It does however include important recommendations about improving accountability, establishing a grievance mechanism and stresses the importance for the CDM to go beyond offsetting. Nevertheless, decision-makers need to be careful with some of the recommendations of the Panel that simply aim at saving the CDM for its own sake because of the impending collapse of carbon markets.

Desarrollo Sostenible

El MDL tiene un doble mandato para entregar mitigación del cambio climático y los beneficios de la sostenibilidad. Sin embargo, numerosos estudios y la evidencia anecdótica muestra que la mayoría de los proyectos del MDL no pueden entregar beneficios de sostenibilidad. Las razones del fracaso del MDL para cumplir su doble mandato son numerosas. Una …