A Luxembourg court has confirmed that its government can reclaim free pollution permits that were given to steelmaker ArcelorMittal to cover emissions at a closed plant under the EU Emission Trading System. While the big polluters cling on to the very profitable free allocation under Europe’s carbon market, solutions exist that would set the industry…
It’s been a month since the closing gavel fell on COP24 in Katowice, Poland. Negotiations on the rules that will govern international climate policy over the coming decades -commonly known as the “Paris rulebook” were supposed to be agreed in full during this session. However as the talks ran into overtime and countries could not…
World leaders are gathering once again in Davos this week for the World Economic Forum, under the theme of “Globalization 4.0”, a reference to the fourth industrial revolution brought about by digital technologies. Climate Change and environmental concerns such as water shortages and air quality are continuing to grow in importance, and dominate the ranking…
Acronym’s abound in the UNFCCC process, and here’s another one…O-M-G-E stands for “overall mitigation in global emissions.” Say what?! The mechanism referred to in Article 6.4(d) of the Paris Agreement: “shall aim to deliver an overall mitigation in global emissions.” Yes, it’s wonky. So, let us tryagain: This is a mandate to reflect on the hard lessons learned from the…
Sign on to the international Open Letter Along with partners around the world we will submit an open letter to the UNFCCC and its member states calling for the End of the Clean Development Mechanism. We are calling on more support from civil society to join over 60 organisation around the world currently signed on:…
We have launched a social media appeal to ask civil society and citizens to support our end the CDM campaign on Twitter, Facebook and Linkedin from 09:00-10:00am Tuesday 4 December 2018 @COP24 See here At this moments we’ll be sending an international open letter to UNFCCC Parties calling on them the End the CDM in 2020. Background At the UN climate…
The IPCC, the leading body of climate scientists, released a report this week showing that without unprecedented and rapid action, it will not be possible to avoid dangerous climate change. A major share of the efforts to keep global warming to 1.5°C will need to come from industry, which is the end-use sector responsible for…
Pricing of coal pollution for its damaging impacts on our health and the planet “is an issue of life and death” according to former Secretary of State John Kerry at the Global Climate Action Summit in San Francisco this month. Carbon Market Watch participated in the summit to present how engagement of environmental groups, as a counterweight to the lobby interests of high-emitting industries, is critical for fairer and more effective carbon pricing.
The divide between countries on key elements of the new UN carbon markets have become apparent at the last UNFCCC session which closed last week in Bangkok. Open questions around the transition of old markets and how to ensure that carbon offsets do not water down climate ambition are set to continue during COP24, when major rules of the Paris Rulebook are expected to be finalised in December in Katowice, Poland.
Market negotiations resumed at full speed in Bangkok, with new text being published after only one day of negotiations. Parties are feeling the pressure now that COP24 is looming. We’ve started the session by hearing lists of priorities for items that could not be postponed to 2019 (assuming that not all issues could be resolved…
Kaisa Amaral, Media Manager
kaisa.amaral@carbonmarketwatch.org
Office: +32 2 335 36 66
Mobile: +32 485 07 6890
Carbon pricing 
International transport 
Climate governance 
Fair climate action