News & Press

News
3 Nov 2015

Green Climate Fund urged to reject accreditation applications from HSBC and Crédit Agricole

With the aim to approve first projects before COP21 in Paris, today the Board of the Green Climate Fund (GCF) will consider the first 8 funding proposals to receive Fund’s resources. Despite the opposition from the civil society, the Fund is also considering to accredit two high profile fossil fuel funders – HSBC and Crédit Agricole, – that are aiming to channel the Fund’s resources.

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News
1 Jul 2015

NEWS: NAMIGMA! – Unraveling the secrets of NAMAs (Nationally Appropriate Mitigation Actions)

For many stakeholders working on climate mitigation, the emerging concept of NAMA (Nationally Appropriate Mitigation Actions) remains an enigma. Carbon Market Watch’s upcoming webinar “What are NAMAs and how can civil society organisations benefit from them?” aims to open the door to the many unanswered questions on how NAMAs work and what is the role of public participation in order to empower civil society to contribute and gain from the process.

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News
7 May 2015

NEWS: New financial boost for NAMAs

Leveraging climate finance for implementing Nationally Appropriate Mitigation Actions (NAMAs) has been one of the biggest challenges for NAMA developers in the past years. A new financial package up to €85 million by the NAMA Facility invites NAMA support project outlines by 15 July 2015 and beefs up existing NAMA finance to about €150 million.

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News
2 Apr 2015

News: Green Climate Fund’s decision to accredit first entities shadowed by intransparency over approval process

At the 9th Board meeting of the Green Climate Fund (GCF), which concluded last week in South Korea, seven entities were approved to pass through funding proposals by mid-year. However, the decision was criticised over the lack of transparency and stakeholder input in the process. The Board also adopted rules to screen project proposals but failed to exclude funding for fossil fuels. Expectations are now on countries to sign off the remaining US$4.5 billion for the fund that has been pledged in November 2014 ahead of the 30 April deadline.

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News
5 Mar 2015

EU’s plan to link to Swiss carbon market adds pressure to announce an increased climate target

Tomorrow, the EU is expected to announce its climate contributions towards the Paris climate agreement. The expected decision will build on the European Commission’s Road to Paris vision published last week. Hopes are that Ministers take their chances to address a number of critical issues that risk severely undermining the 40% domestic reduction target. They include a clear commitment to increase the 40% target in case of linking the EU’s emissions trading system (EU ETS) with other carbon markets, the way land use emissions are accounted for and the threat the existing surplus of emission allowances pose on the 2030 climate target.

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News
25 Feb 2015

European Commission publishes vision on the Paris Protocol to tackle climate change

Today, the European Commission (EC) has published a first glimpse of the mitigation contributions the EU intends to contribute to the Paris Protocol. The Communication launched today entitled “The Paris Protocol – A blueprint for tackling global climate change beyond 2020” includes a proposal for the EU’s proposed Intended Nationally Determined Contribution (INDCs) prepared in…

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News
25 Nov 2014

Keeping the books on emission units

Accounting of emissions will be a cornerstone of a future climate treaty and is hugely important for the integrity of carbon markets as well as keeping us on track to limit global warming below 2°C. Lima will need to lay grounds for a rigorous accounting framework and robust unit quality requirements. It will also need to establish consistency to the ICAO process that is developing a global market based mechanism for aviation emissions.

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News
25 Nov 2014

NOT SMART: climate smart agriculture in carbon markets

Proposals to include forests and land use activities in existing and new carbon markets will be discussed in Lima. But sequestration of carbon in land cannot compensate for continued fossil fuel emissions – fossil fuel emissions are permanent, whereas storing carbon in forests and soils is temporary and can be easily reversed by cutting down trees and ploughing fields.

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News
16 Nov 2012

Farewell CDM Watch – Welcome Carbon Market Watch! (Newsletter #1)

See Newsletter #1, November 2012 After an eventful three years, it is time to say farewell to CDM Watch and welcome Carbon Market Watch! From November 2012 Carbon Market Watch will continue the activities of CDM Watch and expand further to other carbon market initiatives. In the future, Carbon Market Watch will also scrutinise new…

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