News & Press

News
By Femke de Jong, Gilles Dufrasne on 16 Feb 2018

OECD: Governments must boost carbon pricing to address climate change

The Organisation for Economic Co-operation and Development (OECD) says that taxes in major economies are far below the cost of pollution from the use of fossil fuels on climate and the environment, urging governments to do more to make polluters pay. A lax tax Taxes on high-carbon activities can trigger catalytic shifts towards low-carbon societies…

Read more →

News
26 Jan 2018

Carbon Market Watch Newsletter – January 2018

Editorial Happy 2018, a pivotal year for stepping up climate action The World Economic Forum’s latest Global Risk Report places climate change as the number one threat facing the world in 2018 – a hot topic at this year’s meeting of world leaders in Davos. Our message to the crowds gathered in the Alpine town:…

Read more →

News
By Gilles Dufrasne on 24 Jan 2018

Will this be the world’s most significant carbon pricing scheme?

Canada’s new nation-wide carbon pricing strategy is a promising step towards putting a robust price on pollution, but some of the scheme’s technical details such as intensity-based targets cast doubt on its environmental effectiveness. The start of a new year marks the launch of Canada’s nation-wide carbon pricing strategy, which was announced in 2016 as…

Read more →

News
30 Nov 2017

Carbon Market Watch Newsletter – November 2017

Editorial The UN’s annual climate talks this year held in Bonn Germany saw moderate progress on implementing the Paris Agreement. However, critical questions on the functioning of future carbon markets remain wide open, making it impossible to assess if they will contribute to the fight against climate change. Meanwhile, the UN’s aviation body is drafting rules for…

Read more →

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 →

News
By Kaisa Amaral on 6 Nov 2017

Will Europe’s key climate tool become a fossil fuel subsidy scheme?

This week, the UN climate talks continue in Bonn on how to implement the landmark Paris climate change Agreement. At the same time in Brussels, the EU’s Emissions Trading System (EU ETS) revision is drawing to an end. The biggest carbon market in the world, the EU ETS should lead by example, promoting a just…

Read more →

News
26 Oct 2017

Carbon Market Watch Newsletter – October 2017

Editorial In less than two weeks, the climate community will gather in Bonn to discuss how to put the landmark Paris climate deal into action. When it comes to markets, rather than rushing to lock in rules that repeat past mistakes, it is important to ensure that future measures truly increase climate action and foster sustainable…

Read more →

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…

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
28 Sep 2017

Carbon Market Watch Newsletter – September 2017

Editorial As work gets back in full flow, we are happy to send you this autumn’s first newsletter! This month, the European Commission outlined its priorities for the future of European industry, which include digitisation and decarbonisation. However, as emissions from Europe’s heavy industry have barely gone down with current policies, an industrial decarbonisation strategy…

Read more →