At the climate negotiations in Durban last November, countries agreed to establish a new market based mechanism and to come up with a framework that new bilateral or regional market mechanisms would have to comply with. Now they are working hard on coming up
Scroll down for Spanish By Diego Martinez Schütt, CDM Watch The European Union (EU) plays a unique role in the CDM: it is its biggest client. The EU Emissions Trading Scheme (EU ETS), which covers 50% of all EU GHG emissions, is the world’s
On 21 January, EU Member States endorsed the European Commission’s draft Regulation on the restriction of certain industrial gas credits in the EU Emissions Trading Scheme, a milestone in our campaign against the use of HFC-23/N2O AA offsets and a huge victory for the
In December 2011 the European Commission published its long awaited Study on the Integrity of the Clean Development Mechanism. The study summarises the merits of the CDM in five bullet points while allotting five entire pages to its shortcomings. The study also devoted a
Guest Article by Jens Holm, Member of Parliament (Left Party), Sweden Large-scale World Bank hydro power project, non-additional, far-reaching effects on the local environment, local opposition and no compensation for the affected local community. That is in sum the hydro electric power CDM-project Rampur,
This is an overview of the most important carbon market-related decisions that were taken (or not taken) in Durban. Durban has come and gone. Almost 13,000 people, including delegations from over 190 nations, civil society organisations, environmental NGOs and business representatives met in Durban,
WATCH THIS! Issue #4 Durban. The CDM Watch team will keep you up to date on the following: – Don’t waste your time on CCS! – Move the CDM beyond Coal! – CDM Negotiations: EU keep up the good work! – JI: CDM’s naughty
Durban, South Africa. In a crucial move, the UN’s Clean Development Mechanism (CDM) Executive Board yesterday suspended coal power offsetting projects because the rules used to calculate emission reductions cause artificial carbon credits. Pressure on the EU is mounting to call for a ban
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.
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