By Adela Putinelu, Carbon Market Watch The European Union Emissions Trading Scheme (EU ETS) is the largest emissions trading market internationally and the pillar of EU climate policy. But the scheme struggles with an over-supply of 2 billion tonnes of CO2, very low demand and record low allowance prices. Despite its controversial environmental integrity, …
By Eva Filzmoser, Carbon Market Watch After the first commitment period of the Kyoto Protocol has ended, countries have decided to review the modalities and procedures of the Clean Development Mechanism (CDM) this year. Changes to these underlying rules of the functioning of the CDM will be adopted at the next UNFCCC conference …
International organizations welcome the World Bank Ombudsman´s initiative to scrutinize an investment project of the International Finance Corporation due to allegations of human rights violations of peasant communities in the Lower Aguán valley, Honduras, and demand immediate halt to the project. See the international statement here. However, a similar project at the same location remains …
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 …
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….
Despite severely over-supplied carbon markets and missing mitigation commitments by countries around the world to set the world on a low-emission pathway, countries are developing a work programme to implement New Market Mechanisms and a so called Framework for Various Approaches. Needless to say, focusing on the creation of additional carbon credit supply without the …
Read more “The Folly of New Market Mechanisms (Newsletter #2)”
Joint Implementation (JI) offsets account for one third of all Kyoto carbon offsets that have been issued to date. Despite the fact that JI has been marred by a lack of transparency and a glut of credits with very questionable environmental integrity, they continue to be used for compliance in Europe and elsewhere. It remains …
Read more “Joint Implementation: CDM’s little brother grew up to be big and nasty (Newsletter #2)”
Publications Press Releases Press Statement: Aviation ETS vote in ENVI Committee (26.02.2013) Press Statement: Carbon Market Watch view on ‘backloading’ proposal (19.02.2013) Policy Briefs and Studies Policy Brief: Doha decisions on the Kyoto surplus explained (04.03.2013) ICAO briefing note: Carbon Offsetting – Do’s and Don’ts (21.02.2013) Submissions and Public Inputs EC Consultation on structural options …
Although the back-loading plan was meant to be a small intervention to prop up carbon prices, the last seven months of heated debates make this a ‘make or break’ deal. This past week, the Environment Committee in the European Parliament voted in favour of the European Commission’s ‘back-loading’ plan to amend the EU Emissions Trading …
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