Brussels. A report published today by the UNFCCC’s expert panel shows that coal power plants that receive climate finance through the Clean Development Mechanism (CDM) may receive millions of artificial carbon credits under current rules.
Additionality is intrinsically difficult to tackle and one of the main reasons why offsetting remains contentious. Recent publications and discussions highlight the fact that very large CDM projects are quite unlikely to be additional. The CDM Executive Board will discuss these additionality concerns during its upcoming meeting in Durban. This article gives you background information …
Read more “Additionality: the trouble with large-scale CDM projects (Newsletter #17)”
At its next meeting, the CDM Executive Board will debate proposed revisions to the HFC-23 methodology and whether to renew the crediting period for the Ulsan HFC-23 project. Shortly after, Parties in Durban will again discuss whether to allow new HCFC-22 facilities in the CDM. We explain why the new methodology is innovative but not …
Brussels. A study released today identifies deep systematic flaws in the crediting rules of coal plants under the Clean Development Mechanism (CDM). The research also shows that they do not reduce emissions compared to business as usual but could earn 451 million artificial carbon credits by 2020 and claim billions of Euros in climate finance. CDM Watch calls for the removal of this project type from the CDM.
Brussels. CDM Watch and International Rivers call on the CDM Executive Board to reject the mega Rampur Hydroelectric Project in India from receiving CDM carbon credits because it does not comply with essential CDM requirements. They also call on the Swedish Energy Agency, as a party involved in the project, to prove compliance with World Commission of Dams criteria.
Going against the recommendation of the Methodology Panel the CDM Executive Board did not suspend the flawed methodology for coal projects (ACM0013) during its last meeting. Furthermore, CDM Watch’s analysis shows that coal projects in India and China are not additional. These new coal plants could potentially generate hundreds of millions of artificial credits while …
CDM Watch and Sandbag are organising a lunch debate on September 21, 2011 with members of the European Parliament. The focus of discussion will be whether contentious project types in the CDM undermine European climate goals. The European Union (EU) can achieve half of its greenhouse gas emission reductions by using CDM offset credits. The …
Brussels/Washington. The UN´s CDM Executive Board has once again failed to address flawed rules of controversial coal and HFC-23 projects. Environmental groups are now calling on the European Union to ban carbon credits from coal projects in the EU´s Emissions Trading Scheme. The groups also call for additional safeguards to exclude credits from projects linked to human rights abuses.
Kuala Lumpur. Despite warnings by a United Nations panel of technical experts that coal projects could lead to hundreds of millions of artificial carbon credits under the Clean Development Mechanisms (CDM) the CDM Executive Board members refused today to follow the UN panel´s recommendation to suspend coal projects.
Washington D.C. As an United Nations panel of technical experts prepares to deliberate on the suspension of coal projects that, if approved, could lead to hundreds of millions of artificial carbon credits under the Clean Development Mechanisms (CDM), the CDM Executive Board registers another contested “Ultra Mega” coal project.
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