Lessons from the CDM: NAMAs & Sustainability Benefits (Newsletter #4)

by CMW2050 climate strategies, Sustainable developmentPosted on Comments are Disabled

Both the CDM and NAMAs have the goal to deliver sustainable development benefits. But for a number of political and structural reasons the CDM has failed to consistently and convincingly deliver such benefits. As NAMA initiatives are kicking off all over the world, we look at what lessons need to be taken into account to create a success story on how sustainable development can be achieved by climate mitigation projects and policies in developing countries.

Friend of the Court Brief filed in Panamanian Case challenging CDM project Barro Blanco (Newsletter #4)

by CMW2050 climate strategies, Global markets, Human rights in climate actionPosted on Comments are Disabled

The infamous CDM Barro Blanco hydro power project, registered in 2011, continues to cause unrest amongst indigenous communities in Panama. Civil society organizations filed a letter in an ongoing domestic lawsuit in a Panamanian court, after a visit by UN Special Rapporteur on the Rights of Indigenous Peoples who concluded that the government should have ensured adequate consultation. Despite the negative impacts on the Ngöbe communities, the CDM remains without remedies for affected people to appeal against CDM projects that violate applicable international, including international human rights laws.

CDM Investors Snub Coal Power (Newsletter #4)

by CMWGlobal marketsPosted on Comments are Disabled

Interest in CDM coal power projects is shrinking rapidly. Following the announcement of the British government to stop endorsing investments in CDM coal projects from September 2013, EDF Trading also announced that it is no longer involved in Adani’s CDM coal power project in India. Eyes are now set on the upcoming climate change conference in Warsaw to see whether the UNFCCC will follow this trend and kick coal power out of the CDM.

Will Carbon Markets Help or Hinder a New Climate Deal? (Newsletter #4)

by CMWGlobal marketsPosted on Comments are Disabled

At COP-19 in Warsaw, Parties will continue to discuss the Framework for Various Approaches (FVA), a framework for trading units from various carbon markets. . Any decisions taken in Warsaw must reflect the impact these markets may have on a post 2020 agreement. The FVA negotiations have to be closely related to the discussions on accounting, pledges and ambition for a new climate deal.

Carbon Market Watch @ Work (Newsletter #4)

by CMW2050 climate strategiesPosted on Comments are Disabled

Press Releases Press Release: EDF Trading backs away from Adani’s carbon offsetting coal project (05.09.13) Press Release: New draft Regulation on offset entitlements criticized for undermining the EU ETS  (10.07.13) Press Statement: Carbon Market Watch welcomes today’s vote as a stepping stone for structural reform to the EU ETS (03.07.13) Press Release: New data shows …

Read more “Carbon Market Watch @ Work (Newsletter #4)”

Letter to Dr. A. Duraisamy, Director & Member Secretary National CDM Authority, India demanding to withdraw the approval letter for Adani Power’s registered CDM project

by CMWGlobal markets, Human rights in climate actionPosted on Comments are Disabled

The undersigned organizations would like to bring your attention to the fact that Adani Power’s project “Grid connected energy efficient power generation”, which is registered under the United Nations’ Clean Development Mechanism (CDM), is in violation with various national regulations, as highlighted in the inspection committee report of the Ministry of Environment and Forests (MoEF) released in April 2013.

Open letter from civil society groups regarding the EBRD Energy Sector Strategy and consultations

by CMW2050 climate strategiesPosted on Comments are Disabled

The last time civil society groups met with you in person during the 2013 EBRD annual meetings in Istanbul, we agreed that there would be disagreementsahead. It was a warning not to expect a very ambitious Energy Sector Strategy, and during those two days of discussions, civil society participants heard a number of excuses about why the imperative to end EBRD financing for coaland other fossil fuels could not be realised in our region.