News & Press

News
By Gilles Dufrasne | Kaisa Amaral on 17 Jun 2019

UN climate negotiators to discuss future carbon markets as calls to end offsetting grow louder

This week, UN climate negotiators are meeting in Bonn, Germany, to try and find common ground on the Paris Agreement’s market provisions. There is growing political momentum to move beyond offsetting in global climate policy, but only a handful of countries around the negotiating table are willing to walk the talk. “We can no longer…

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News
31 May 2019

Carbon Market Watch Newsletter – May 2019

Voters put climate crisis firmly on EU agenda Dear friends, I am delighted to share with you a revamped Carbon Market Watch News. I hope you enjoy the new look, and easily find content that most interests you. I also look forward to receiving any feedback or suggestions! Last weekend, EU citizens turned up at the…

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News
By Ludovica Serafini on 5 Dec 2018

COP24: Real facts or just dreams

Over the next two weeks more than 22,000 people – including parties, observers, and journalists will arrive to in the little mining city of Katowice (Poland). Guests will be welcomed not only by delicious pierogi (typical Polish dish) and cold temperatures, but above all by a crisp and exhilarating atmosphere. As the eyes of the…

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News
By Gilles Dufrasne on 8 Oct 2018

New IPCC report shows 1.5C° is still possible, but more needed from aviation and shipping

This week, the Intergovernmental Panel on Climate Change (IPCC), a leading climate science body, has published a report on the scientific evidence relating to 1.5C° global warming. The report shows that it is still possible to limit warming to 1.5C° and avoid dangerous climate change. Reaching this goal, however, would require rapid and large-scale climate…

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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
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…

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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…

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News
By Aki Kachi on 28 Jun 2017

Time to set sail for shipping climate action

After 20 years of procrastination, shipping sector is finally discussing a strategy to address its emissions that represent almost 3% of global greenhouse gasses. As the UN shipping body meets in London next week, ‘Paris spirit’ is needed to spur action in the sector. Summer 2017 – the UN shipping body, the International Maritime Organization…

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News
23 Feb 2017

Carbon Market Watch Newsletter – February 2017

Editorial This month the European Parliament adopted its position on the EU Emissions Trading System reform. Earlier calls from nearly 100 000 citizens across Europe failed to motivate lawmakers into taking bolder steps to strengthen the EU’s key climate law. MEPs voted against steeper emission cuts and in favour of more free pollution permits. However, in a welcome move, they decided…

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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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