News & Press

News
By Gilles Dufrasne on 14 Sep 2018

UN market negotiations: Will we learn from the past?

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.

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News
By CAN International on 6 Sep 2018

The New Article 6: We Know What We Need (ECO: UNFCCC SB48)

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…

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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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News
29 Jun 2017

Carbon Market Watch Newsletter – June 2017

Editorial US President Trump’s announcement to withdraw from the Paris Agreement casts a shadow over financial support for developing countries to help them deal with the consequences of climate change and transition towards sustainable, low-carbon societies. New leadership is needed to fill in the climate finance gap. Responsible for almost 3% of global greenhouse gas emissions, the shipping…

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News
By Aki Kachi, Juliane Voigt on 29 Jun 2017

Climate Finance: Retreat should not spell defeat

The US President’s  withdrawal from international efforts to fight climate change casts a shadow over the future of climate finance. Some EU countries, cities and states within the US have already stepped forward, but more is needed from countries around the world to fill the gap.

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News
27 Apr 2017

Carbon Market Watch Newsletter – April 2017

Editorial Negotiations on how to implement the Paris Agreement will continue at the UN climate conference in Bonn this May. Ahead of the meeting, the European Commission has released a study showing manifold problems in the offsets generated under the Clean Development Mechanism. The study underlines the urgent need to stop using offsetting as a climate policy. The Green…

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News
By Juliane Voigt on 27 Apr 2017

Fostering sustainable development through climate action – what should the future UN mechanism look like?

In May, climate negotiators will again gather to flesh out the rules to implement the landmark Paris climate agreement. One of the topics on the agenda is the Sustainable Development Mechanism. To be effective, the successor to the Clean Development Mechanism must guarantee real, measurable and long-term benefits both in terms of emission reductions and…

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News
4 Nov 2016

Carbon Market Watch at COP22 in Marrakech

    Just after the Paris Agreement enters into force, the world will reconvene in Marrakesh to put the interpretive meat on the bones of the Paris Agreement, including on the role of carbon markets, notably Cooperative Approaches and the Sustainable Development Mechanism (SDM) in Article 6. In elaborating the rules of Article 6, Carbon…

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News
21 Sep 2016

Barro Blanco: communities flooded despite rejected agreement – NGOs ask for withdrawal of CDM’s registration

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…

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News
14 Jul 2016

Barro Blanco: flooding suspended, international lenders pressured to act

Faced with intense national and international pressure, Panamanian authorities suspended the flooding of the Barro Blanco reservoir two weeks after it began. International lenders are being pressured by international NGOs as they have a key role in settling the situation. On May 22nd, Panama’s National Authority for Public Services (ASEP) announced a “test flooding” of…

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