News & Press

News
By Eva Filzmoser | Pierre-Jean Brasier on 30 Nov 2017

Closing a (violent) chapter: Santa Rita hydro dam project officially cancelled

In October, the private sector lending arm of the World Bank Group (International Finance Corporation, IFC) confirmed the cancellation of a controversial Santa Rita hydroelectric project in Guatemala, approved under the UN’s carbon offsetting scheme Clean Development Mechanism (CDM). The announcement follows a report by the IFC Ombudsman which found serious failings in the project…

Read more →

Opinion
By Gilles Dufrasne on 29 Nov 2017

Swiss-European carbon market link: An omen for future ties?

After six years of negotiations, the European Union and Switzerland have signed an agreement to link their carbon markets. This means that Swiss industries will be able to use European emission allowances and vice versa. The deal is significant in its symbolic nature as it is the first time that two Parties to the Paris…

Read more →

Opinion
By Aki Kachi on 23 Nov 2017

UN carbon markets: Have we exchanged enough views already?

Far from the sandy beaches of the South Pacific, the 23rd UN climate talks (COP23) was a mostly dreary endeavour in the grey of November in Bonn. The negotiations on the Paris Agreement’s market provisions, the Article 6, moved the process an itsy bit forward, while still leaving all the critical issues open to further…

Read more →

Opinion
By Aki Kachi on 25 Oct 2017

Why should civil society get involved in carbon pricing policies

Carbon Market Watch has just released a new policy brief on carbon pricing. Aki Kachi, Carbon Market Watch’s international policy director, gives a brief introduction of what those policies can help achieve and why should civil society get involved. 2017 has among the highest ever recorded temperatures. There were days where it was too hot…

Read more →

News
By Aki Kachi on 25 Oct 2017

On Kyoto, Paris, and carbon markets

In less than two weeks, Parties will meet again in Bonn at a UN climate conference for another round of negotiations to prepare for the adoption of the rules to implement the Paris climate change agreement. What role will markets have in how the world works to limit global warming to 1.5C?   Although observers…

Read more →

News
By Kelsey Perlman on 28 Sep 2017

CDM credits not fit to meet Paris goals – study

A recent study by Stockholm Environment Institute (SEI) looking at credits issued under the UN offsetting measure, the Clean Development Mechanism, warns governments against using them to meet their pledges under the Paris Agreement. In the past, when judging the quality of an offsetting project, most people looked at questions such as: is the methodology used to…

Read more →

Opinion
By Aki Kachi on 18 Sep 2017

Governments pledging to boost carbon pricing must follow up with ambitious action

In the days of Trump, Irma, Harvey, Talim and Doksuri, it is important to have positive signs that people can also work together, especially on climate change. The tenth anniversary of the International Carbon Action Partnership (ICAP) on 1 September 2017 was one such occasion. One must hope that the gathering gave policymakers renewed ambition…

Read more →

Opinion
By Aki Kachi on 20 Jul 2017

The Future of Californian Carbon Pricing after 2020

California is currently debating the future of its cap and trade program, which will play an important role in reaching its climate goals. The future of the system is controversial, but there have been a couple of important key reform proposals made by members of the California legislature, notably State Sen. Bob Wieckowski (D-Fremont) and…

Read more →

News
By Aki Kachi on 31 May 2017

Markets negotiations make little progress in Bonn

Despite the political uncertainties around US’ participation in the Paris Agreement, technical negotiations on how to implement the landmark climate deal, including through carbon markets, continued at the UN Climate Conference earlier this month. While delegations underlined continued commitment to the Paris Agreement goals, little progress was made on the Article 6. Disagreements over the…

Read more →