Carbon Market Watch Newsletter Issue #2, March 2013

Dear Friends,

Carbon Market Watch is happy to introduce you to the new online version of our newsletter.

In this issue, we look at a real hot issue in Doha at COP-18 regarding how countries would deal with the 13 billion left over emission permits from the first Kyoto commitment period. Although we did not get full cancellation of the surplus, the Doha outcome was a success. Parties decided that only a part of the huge amount of ‘hot air’ can be used until 2020. A clever amendment made to the Kyoto Protocol will also avoid the build-up of new surplus.On a less positive note, we also look at how Doha left a bitter taste for those hoping for decisions that address the severe quality concerns the CDM is suffering from. Most large scale power supply CDM projects are business-as-usual and therefore undermine the very climate goals the CDM is supposed to achieve. Nevertheless these projects are projected to generate more than half of all credits by 2020. With so many millions of credits from such projects they are set to become the new “HFC-23 challenge” of the future. See more….

Contents

Carbon Market Watch @ Work

Here you’ll find our latest Press Releases, Policy Briefs, and Policy Submissions. See more…

Doha on AAUs: The Future of the Phantom Menace

After tense negotiations, countries decided to restrict how much AAU surplus can be used for compliance with emission reduction targets. See more…

Joint Implementation: CDM’s little brother grew up to be big and nasty

It remains to be seen if the ongoing UN reform of JI will bring the changes needed to turn JI into a mechanism that actually will deliver real and additional emission reductions. See more…

Photo credit: photobucketResuscitating the Clean Development Mechanism

Although the political decisions taken at COP-18 in Doha ignored the severe quality concerns over the CDM and further undermined its environmental integrity, the CDM review at COP-19 could be a chance to address some inherent flaws of the CDM. See more…

Photo credit: tx.english-ch.comThe Folly of New Market Mechanisms

Do we really need both an FVA and an NMM? What use can these have in a world where countries refuse to increase their emission reduction pledges and markets are already severely oversupplied with credits from the CDM and JI? See more…

Photo credit: icatlogistics“Stopping-the-clock” on emissions from air travel – what’s the buzz?

This year is a crucial one for countries to finally address emissions from international aviation, which is responsible for 4.9% of man-made global warming. See more…

Photo credit: news.nost.orgShort Fix to the Ailing ETS: What next for the world’s largest carbon market?

The Environment Committee in the European Parliament voted in favour of the European Commission’s ‘back-loading’ plan to amend the EU ETS auctioning timetable and temporarily set-aside 900 million emission allowances from the carbon market. See more…

Photo credit: greenantillesWhat finance for REDD+?

At COP18 in Doha important decisions on financing REDD+ and associated MRV (Measurement, Reporting and Verification) requirements have been postponed. See more…

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Carbon Market Watch Newsletter Issue #2, March 2013

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