News & Press

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 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
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
By Femke de Jong on 25 Jan 2017

European Parliament draft reports help unlock low-carbon potential in non-ETS sectors

In 2016, the European Commission presented a legislative proposal to reduce the greenhouse gas emissions from the transport, buildings, agriculture and waste sectors. The Effort Sharing Regulation (ESR) is the EU’s largest climate instrument and regulates about 60% of our total emissions. In recent weeks, rapporteurs from three European Parliament committees presented their visions for moving the legislation forward.

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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
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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News
14 Jul 2016

Carbon markets in the Paris Agreement: what’s next on the negotiation agenda?

The Paris Climate Conference agreed on strong provisions for markets, alongside provisions for non-market approaches. Next on the agenda is figuring out how these pieces work and fit together, how to improve and transition from the Kyoto Protocol’s measures -the Clean Development Mechanism (CDM) and Joint Implementation (JI), and how to integrate robust safeguards to…

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News
2 Jun 2016

Barro Blanco: Panama urged to suspend hydro dam flooding amid growing concerns over human rights violations

In a move to bring the contentious Barro Blanco hydro dam project towards its completion, the Panamanian authorities have given the green light to begin flooding the reservoir. Affected indigenous communities still oppose the project, refusing to leave their endangered lands. Carbon Market Watch and other international NGOs have sent a letter to Panama’s President…

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News
22 Dec 2015

Paris builds recognition for Human Rights obligations in climate action

HR -Protect Human Rights in all climate actionsIn Paris, governments recognized the interconnectivity of climate change and human rights. With a detailed preambular language that specifies that Parties, when taking action to address climate change, have to respect, promote and consider respective human rights obligations, the Paris agreement sets the foundation to make the new sustainable development mechanism accountable to human rights obligations.

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News
1 Oct 2015

CDM Board to discuss human rights safeguards

Following numerous incidents of human rights violations related to CDM projects, the CDM Board will, for the first time, discuss options to address these concerns at its next meeting starting on 12 October. It will also discuss recommendations to overhaul the CDM’s local stakeholder consultation rules, including a requirement that projects must repeat consultations if they have not been carried out in line with national laws.

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