Barro Blanco: flooding suspended, international lenders pressured to act

Faced with intense national and international pressure, Panamanian authorities suspended the flooding of the Barro Blanco reservoir two weeks after it began. International lenders are being pressured by international NGOs as they have a key role in settling the situation. On May 22nd, Panama’s National Authority for Public Services (ASEP) announced a “test flooding” of …

European parliament committee calls for higher ambition in EU’s carbon market reform

The first committee of the European Parliament to cast an opinion on the revision of the EU’s carbon market this week voted for more climate ambition and the establishment of an international climate action fund. A majority of members of the development committee supported an increase in the rate by which emissions are cut each …

Carbon markets in the Paris Agreement: what’s next on the negotiation agenda?

The Paris Climate Conference agreed on strong provisions for markets, alongside provisions for non-market approaches. Next on the agenda is figuring out how these pieces work and fit together, how to improve and transition from the Kyoto Protocol’s measures -the Clean Development Mechanism (CDM) and Joint Implementation (JI), and how to integrate robust safeguards to …

Sweden and France – the new European climate leaders?

After the UK referendum on the EU, some people have started to voice concerns that a “Brexit” would leave a vacuum in the EU climate policy as the UK is generally perceived as a climate leader. Fortunately, certain other countries, including France and Sweden, have recently stepped up their efforts to increase the EU’s climate …