News & Press

Press release
25 Oct 2021

Net-zero pipe dreams: Carbon-neutral fossil fuel claims amount to greenwashing

A new Carbon Market Watch report thoroughly investigates the growing number of fossil fuels that are being marketed as “carbon neutral” and concludes that they amount to brazen greenwashing. Published ahead of the COP26, the document challenges governments and industry to halt greenwashing practices and commit to binding fossil fuel phaseouts. Today, Carbon Market Watch…

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Opinion
By Wijnand Stoefs on 20 Sep 2021

There is no cheating the atmosphere

Simply throwing public money at misleading climate solutions, such as carbon capture and storage/utilisation, would be a huge mistake. Although books can be cooked, the atmosphere cannot be cheated. Back in June, fifteen Members of the European Parliament sent an open letter to European  Commisson Vice-President Frans Timmermans and Energy Commissioner Kadri Simson, Internal Market Commissioner…

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Watch This! - Civil Society Newsletter
By Andrew Coiley on 15 Dec 2020

Watch This 4th Edition 2020

Dear members, friends & colleagues, Welcome to the 4th quarter 2020 edition of the Watch This, a civil society newsletter by Carbon Market Watch. In this edition we look at the damage caused to forest offset projects in California by the recent wildfires and question the validity of these carbon sinks that have quite literally gone up…

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Press release
By Kaisa Amaral on 16 Mar 2020

ICAO decision on aviation carbon market rules a step in the right direction but fails to exclude all junk credits

MONTREAL/BRUSSELS, 14 March 2020. The UN aviation body ICAO’s Council has agreed to recognise carbon offsets from six existing offset programmes for use by airlines under CORSIA, the UN’s new carbon market for aviation. The Council’s 36 member countries also decided to limit the age of credits used as well as the type of projects eligible. However, the total supply of…

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Opinion
By Wijnand Stoefs on 23 Jan 2020

EU starts taking just transition seriously

The European Commission’s (EC) plan to mobilise more than 1 trillion EUR over the next 10 years to support the EU’s transition to climate neutrality sends a strong signal that the Commission is putting climate action at the centre of its work. It strengthens the case for raising the EU’s 2030 climate target to 65%….

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Opinion
By Gilles Dufrasne on 24 Jul 2018

Green finance must be people-friendly

Today, civil society organisations have sent out a letter to leaders of the European Commission to call on them to adopt financial investment rules which will benefit both the people and the environment. The letter is part of a wider effort from civil society to make sure that “sustainable” finance does not end up harming people…

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Opinion
By Gilles Dufrasne, Eva Filzmoser on 16 May 2018

The road ahead for UN carbon markets

Another round of UN climate talks closed on May 10th in Bonn, where negotiators discussed the “Paris Agreement rulebook”, a set of rules to regulate how commitments put forward in Paris can be implemented starting in 2020. The rulebook is to be finalised by the UN climate change conference (COP24) in December this year in…

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Opinion
By Juliane Voigt on 25 Oct 2017

Recap of the 17th Board meeting of the Green Climate Fund

The Board of the Green Climate Fund (GCF) met for the 17th time at its headquarters in Songdo, South Korea in July 2017 to discuss important policy issues for the way forward. One key issue on the agenda was the approval of new accredited entities to the Board, including two entities that are known for…

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Carbon Market Watch News
By Juliane Voigt on 28 Sep 2017

Financing partners face criticism as UN’s climate fund meets

The Green Climate Fund (GCF) board meets from 30 September- 2 October in Cairo, Egypt. Board members are expected to approve 16 funding proposals and accredit 5 new entities that will then be able to distribute funds. The GCF is under pressure to get on with the job of disbursing the 10 billion US dollars…

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Carbon Market Watch News
29 Jun 2017

Carbon Market Watch Newsletter – June 2017

Editorial US President Trump’s announcement to withdraw from the Paris Agreement casts a shadow over financial support for developing countries to help them deal with the consequences of climate change and transition towards sustainable, low-carbon societies. New leadership is needed to fill in the climate finance gap. Responsible for almost 3% of global greenhouse gas emissions, the shipping…

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