Carbon Market Watch Newsletter – April 2017


Negotiations on how to implement the Paris Agreement will continue at the UN climate conference in Bonn this May. Ahead of the meeting, the European Commission has released a study showing manifold problems in the offsets generated under the Clean Development Mechanism. The study underlines the urgent need to stop using offsetting as a climate policy.

The Green Climate Fund (GCF), which aims to support a paradigm shift in developing countries by channelling financial support to climate change mitigation and adaptation, has also been a talking point this month. Despite vocal opposition by green groups, the GCF Board recently approved funding for three large hydro projects. These project types have in the past been plagued by multiple problems from human rights violations to environmental harm.

This month Carbon Market Watch participated in the spring meetings of IMF and World Bank in Washington D.C. where discussions on the advancement of carbon pricing gathered pace. We also co-hosted a workshop in Madrid along with 25 NGOs from Southern Europe to discuss how civil society collaboration on climate advocacy at local, national and European levels can be enhanced. Guest author Susana Pinto from Portugal shares with us the highlights of the event.

Happy Reading
Carbon Market Watch


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Carbon Market Watch welcomes EU ban on “carbon neutrality” greenwashing

Companies selling in the European Union will no longer be able to claim that their products are carbon or climate neutral, the EU has provisionally agreed. This victory against greenwashing corresponds to longstanding demands from climate campaigners to eliminate the use of offsets and send a signal to the voluntary carbon market.

Integrity Council’s rulebook sets minimum threshold instead of high bar for carbon markets

The Integrity Council for the Voluntary Carbon Market’s latest guidelines provide a set of much-needed incremental improvements but fail to raise the quality of carbon credits sufficiently and leave too much wiggle room to truly tackle the climate crisis. The ICVCM has the opportunity to clear up the loopholes and ambiguities when it issues its first assessments of carbon market programmes.

Carbon Market Watch Newsletter – April 2017

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