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…
The United Nations (UN) climate agency released a video this week mocking lifestyle changes, such as reducing meat consumption and flying, to promote the use of highly controversial credits to offset emissions. The video “Keep calm and offset” has since been removed, but inadvertently points to the main problems with offsetting, a concept that creates the illusion…
For almost a decade, the world’s most powerful economies have been making promises to stop channeling public money for fossil fuels that pollute our air and drive dangerous climate change, with little impact so far. This weekend’s G7 meeting in Canada is an opportunity to move from words to action. Expect intense discussions on a…
BRUSSELS 3 November 2017. The next round of UN climate talks takes place in Bonn from 6 to 17 November, under the Fijian Presidency, on how to implement the Paris climate deal. One open question is the role carbon markets will play in meeting global climate targets. Carbon Market Watch will be in Bonn to follow…
Brussels 19 April 2017. The European Commission has released a new study showing major flaws in carbon offsets from the Clean Development Mechanism (CDM). As countries flesh out the rules to implement the Paris Agreement, Carbon Market Watch calls for an end to the scheme, and a shift away from offsetting as a climate policy…
On September 17, Ngäbe people rejected an agreement between top representatives and the government, signed only a month before. In the meantime, the test filling of the reservoir resumed which has flooded affected communities. Carbon Market Watch along with 80 other local and international NGOs, have called on the Panamanian authorities to withdraw the Barro…
Washington DC, Bonn, Kiad, Panama 24 May 2016 – Today the floodgates were opened on the contentious UN backed Barro Blanco hydro dam in Panama, sparking forced removal by authorities of indigenous Ngäbe communities that are living in protest camps near the dam site. With construction finished, GENISA, the company that owns and operates the…
In a historic step, the Paris agreement recognized the interconnectivity of climate change and human rights, specifying in its preamble that “Parties should, when taking action to address climate change, respect, promote and consider their respective obligations on human rights.” This also sets the foundation to make the newly established sustainable development mechanism (SDM) accountable to human rights…
This section aims at putting a network member under our newsletter spotlight! In this edition, Mahesh Pandya introduces Paryavaran Mitra, an Indian voluntary organization working in the field of environment and pollution issues using environmental laws as an advocacy tool. You would like to be in the next Member Spotlight? Contact Pierre-Jean: pj.brasier@carbonmarketwatch.org. – Could you…
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