News & Press

Carbon Market Watch News
27 Jun 2019

Carbon Market Watch Newsletter – June 2019

EU governments breach citizens’ right to information on international aviation climate policy Dear friends, As I write this at the UN Climate Change Conference, Bonn, along with the rest of Western Europe, is sweltering in the scorching heat, an uncomfortable foretaste of what an ever-warming climate has in store for us. I can only hope that…

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Carbon Market Watch News
By Kelsey Perlman on 25 Oct 2017

Time for ICAO to open its climate change black box

The United Nations climate conferences bring together governments, academics, civil society, media and many others regularly to discuss climate change in the context of the UN Framework Convention. The next meeting takes place 6-17 November in Bonn. At the same time, behind closed doors without public scrutiny, the UN aviation body meets to decide on…

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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
By Kelsey Perlman on 22 Mar 2017

Europe must not backslide on aviation’s climate responsibility

The European Parliament’s environment committee has nominated Julie Girling from conservative group ECR to lead talks on aviation’s role in the EU’s Emissions Trading System. Discussing the European Commission’s most recent proposal to continue the exclusion of international flights from the EU ETS, Ms Girling urged colleagues not to let Europe slip back on gains already made to curb the sector’s growing climate impact.

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Carbon Market Watch News
By Kelsey Perlman on 22 Sep 2016

Can a robust aviation climate deal take off?

In its Assembly from 27 September to 7 October, the International Civil Aviation Organization (ICAO) is expected to agree on an offsetting scheme to address the sector’s ever growing greenhouse gas emissions. Several improvements are needed before the Global Market Based Measure (GMBM) can even be called an acceptable first step to curb emissions from aviation….

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Carbon Market Watch News
11 Apr 2016

Global Aviation Dialogues: crucial elements omitted from latest MBM draft proposal

The International Civil Aviation Organization (ICAO) organized five Global Aviation Dialogues (GLADs) around the world to discuss the latest draft proposal on a market based measure to curb emissions from international aviation. The dialogues came to a close on 8 April, but there are already worrying signs that important elements around ambition, emission unit quality criteria and double counting of these units may not be adequately addressed. If left untreated, these missing elements would lead to a toothless proposal that will do little for the environment.

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Carbon Market Watch News
16 Mar 2016

Green Climate Fund under pressure after accrediting contested banks

Despite strong opposition from the civil society, the Green Climate Fund (GCF) Board last week in Songdo accredited two entities – HSBC and Crédit Agricole – that have been contested for money laundering, investment in fossil fuel and poor protection of human and environmental rights. This unveils the double standard poor track record plays in accrediting big or small entities.

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Carbon Market Watch News
4 Feb 2016

Direction of aviation’s market based mechanism still up in the air

“Thank God men cannot fly, and lay waste the sky as well as the earth.” ― Henry David Thoreau Unfortunately for Thoreau, humans did conquer the skies, and aviation is now a significant contributor to climate change, contributing more CO2 to the atmosphere in 2014 than the combined emissions of the 129 lowest emitting countries[i]….

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Carbon Market Watch News
3 Nov 2015

Green Climate Fund urged to reject accreditation applications from HSBC and Crédit Agricole

With the aim to approve first projects before COP21 in Paris, today the Board of the Green Climate Fund (GCF) will consider the first 8 funding proposals to receive Fund’s resources. Despite the opposition from the civil society, the Fund is also considering to accredit two high profile fossil fuel funders – HSBC and Crédit Agricole, – that are aiming to channel the Fund’s resources.

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