See Newsletter #1, November 2012 After an eventful three years, it is time to say farewell to CDM Watch and welcome Carbon Market Watch! From November 2012 Carbon Market Watch will continue the activities of CDM Watch and expand further to other carbon market initiatives. In the future, Carbon Market Watch will also scrutinise new…
See Newsletter #1, November 2012 Forestry projects typically involve local communities and are challenging to implement. When farmers get involved with personal financial liabilities, the question of who bears the financial risk arises especially in cases where revenues from carbon credits do not materialise. A closer look at a CDM forestry project and the underlying…
Brussels, 10 Sept, 2012. Today the High-Level Panel for the Clean Development Mechanism (CDM) Policy Dialogue presented its final report with recommendations on how to improve the CDM. The report fails to address some of the fundamental flaws of the CDM, in particular how to address the large oversupply of credits that do not represent…
The next climate negotiations will take place between 14-25 May in Bonn, Germany. CDM Watch will be there to advocate for environmental and social integrity in carbon markets. Here is a summary of the relevant issues that will be discussed in Bonn. New Market Mechanisms At the climate negotiations in Durban in November 2011 countries…
Our recent CDM Watch briefing paper looked at the cumulative impact of loopholes on emission reduction pledges countries have made. Our calculations show that pledges are small enough to fall right through current loopholes. Without swift action, we’re heading off the path of 2 degrees warming and hurtling towards 4 degrees of warming. We like…
Durban, South Africa. As countries are negotiating a new global climate regime, a CDM Watch paper released today calls for immediate action to close loopholes in the rules under the current climate regime. The policy brief shows that the flawed rules could easily negate the reduction pledges developed countries have made for 2020 and in the worst case, even undermine a third commitment period.
Brussels. This week the United Nation’s Clean Development Mechanism Executive Board will decide whether to register a controversial carbon offsetting project in Honduras linked to serious human rights abuses. The project has triggered questions on whether credits from carbon offsetting projects that violate human rights should be banned in the European carbon market.
Brussels. Today, the European Commission’s draft Regulation banning the use of credits from industrial gas projects in the EU Emissions Trading Scheme (EU ETS) post-2012 was formally approved. Environmental groups are now calling on EU Member States to extend the ban to sectors not covered by the EU ETS.
Brussels.The United Nation’s Clean Development Mechanism Executive Board has so far failed to respond to human rights abuses linked to a carbon offsetting project in Honduras that is currently pending registration. Environmental and Human Rights Groups are now demanding that the project be rejected from receiving funding under the offsetting scheme.
The month of March saw a number of deadlines for public input to the UNFCCC policy process. The following section provides an overview of submissions made by CDM Watch: a. Areas and means for direct communication between the CDM EB and relevant stakeholder groups Communication between civil society representatives and the Board mainly happens via…
Kaisa Amaral, Communications Director
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