News & Press

Opinion
By Gilles Dufrasne on 20 Jan 2020

International carbon markets at the frontier to the wild west

The failure to agree on rules for international carbon markets at COP 25 has been a victory for some and a disaster for others. Looking at it pragmatically, it was very much a “disaster averted” outcome since the rules on the table would have legitimised the use of markets riddled with loopholes. Far from ideal,…

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Opinion
By Kaisa Amaral on 5 Dec 2019

4 reasons why only new, good (!) projects should be funded under Article 6

Originally published in Carbon Markets at COP25 blog on 2 December 2019 Starting today and continuing over the coming days, we’ll break the issue down into four key elements that could make or break the future carbon market schemes. One of the thorniest issues is the question of whether or not the old credits from…

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Opinion
By Kaisa Amaral on 28 Nov 2019

What does flight shame have to do with global carbon markets?

In two parallel global climate processes governments need to finalise details for both international carbon markets under the Paris Agreement and the future aviation offsetting scheme CORSIA. Meanwhile, citizens are losing patience with their leaders that move too slowly in the face of a climate breakdown. Strong action is therefore expected from decision-makers if they…

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Opinion
25 Oct 2019

Carbon taxes globally too low to address the climate crisis – OECD

Governments do not deploy energy and carbon taxes to their full proposal, the latest “Taxing Energy Use” report by the Organization for Economic Co-operation and Development (OECD) finds, urging for higher pollution prices to effectively address the climate crisis.  Pricing high-carbon activities is an effective tool for making polluters pay while encouraging them to switch…

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Opinion
By Gilles Dufrasne on 24 Sep 2019

Aviation needs a credible long-term climate strategy 

The UN aviation body must urgently set robust, science-based long-term climate targets if the industry wants to win back the confidence of both investors and customers. Many Europeans are losing patience with airlines’ defensive attitude towards the aviation industry’s climate impact and are taking matters into their own hands – by choosing not to fly. …

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Opinion
By Gilles Dufrasne on 19 Feb 2019

Better pricing of aviation emissions in the EU is needed, and the Netherlands is championing it

Aviation emissions have increased by 10% in Europe between 2014 and 2017, according to the 2019 Aviation Environmental Report, as efficiency improvements are not keeping up with  growth of demand. Last week, the Dutch finance minister invited other European Member States to consider the implementation of a European carbon tax for aviation, and announced an…

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Press release
15 Dec 2018

COP24 overshadowed by market failure as countries fail to agree on basic accounting principles and the future of the CDM

COP24 closed this evening in Katowice, Poland, more than 24 hours later than initially planned. Despite smooth progress at first, negotiations ended in confusion as it proved impossible to find an agreement within the article 6 negotiations, which work to set up two new carbon markets for the post-2020 period. The text presented to all…

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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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Press release
28 Jun 2018

UN aviation body delays decision on key rules for airline offset scheme

28 June 2018 – BRUSSELS. The International Civil Aviation Organisation (ICAO) Council approved part of the package of rules for its future aviation offsetting scheme (CORSIA) yesterday in Montreal. The Council postponed decisions on offset and biofuel criteria, fueling concerns that they may be weakened before the next Council meeting in September. The 36 member countries…

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Opinion
By Guest: Soumya Dutta on 12 Jun 2018

Sham consultations, ruthless exploitation: CDM project experience in India

Guest article by Soumya Dutta, Beyond Copenhagen collective, India India hosts a big share of climate mitigation projects under the UN’s Clean Development Mechanism (CDM). Many of these projects have blatantly violated the rights of affected communities and stakeholder consultations are carried out rarely if ever, writes Soumya Dutta. The Clean Development Mechanism (CDM) was…

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