News & Press

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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News
By Gilles Dufrasne on 1 Dec 2018

EU Member States resist aviation industry pressure to weaken climate regulation

This week, European Member States agreed on a common position regarding the future implementation of the International Civil Aviation Organisation’s (ICAO) new carbon market, set to start operating in 2021. The creation of a new offsetting mechanism for aviation, the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), was agreed as part of a…

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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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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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Press release
13 Sep 2017

European Parliament backs stricter aviation pollution rules

BRUSSELS 13 September 2017. Today, the European Parliament adopted its position on aviation’s role under the EU Emissions Trading System (EU ETS). Lawmakers agreed to continue the exclusion of international flights from the EU ETS until 2021 but took steps to ensure that the sector will have to reduce and pay more for its soaring emissions. Decision…

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Opinion
19 Jul 2017

WATCH THIS! NGO Voices on Climate Finance & Carbon Markets #19 July 2017

18 Jul 2017   Editorial Dear partners, dear friends, It is my pleasure to bring you the latest edition of the Watch This newsletter! This issue will give you the latest on the international climate negotiations. Our first article comes back on the latest UNFCCC intersession, which took place last May in Bonn, focusing specifically…

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Opinion
By Kelsey Perlman on 17 May 2017

Lead EU lawmaker agrees that global aviation deal should not automatically replace Europe’s carbon market

The European Parliament’s negotiator on aviation emissions has proposed to bring international flights back under the EU’s carbon market if the global aviation deal to tackle emissions is deemed insufficient.  Ambition in the sector remains low, but the draft report calls for higher auctioning shares, a timely review comparing EU and international aviation policy, and…

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Press release
3 Feb 2017

EU’s climate reputation bruised as long-haul flight exemption extended

BRUSSELS 3 February 2017. The European Commission has proposed to continue to exempt all flights to and from Europe from paying for their pollution under the EU’s carbon market rules, following an international agreement on aviation emissions. An uncertain global agreement should not be allowed to undermine EU’s climate efforts. The proposal comes after the…

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