News & Press

Carbon Market Watch 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…

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Carbon Market Watch News
27 Feb 2017

The cost of climate inaction in the agricultural sector

This week key policymakers of the European Parliament discuss the EU’s largest climate instrument. Ahead of the debate, five organizations expose how a loophole in the law could significantly increase the costs of post-2030 climate efforts by delaying the required emission reductions in the agriculture sector. The Effort Sharing Regulation (ESR) covers around 60% of…

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Carbon Market Watch 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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Carbon Market Watch News
By Kelsey Perlman on 22 Sep 2016

Can a robust aviation climate deal take off?

In its Assembly from 27 September to 7 October, the International Civil Aviation Organization (ICAO) is expected to agree on an offsetting scheme to address the sector’s ever growing greenhouse gas emissions. Several improvements are needed before the Global Market Based Measure (GMBM) can even be called an acceptable first step to curb emissions from aviation….

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Carbon Market Watch News
11 Apr 2016

Global Aviation Dialogues: crucial elements omitted from latest MBM draft proposal

The International Civil Aviation Organization (ICAO) organized five Global Aviation Dialogues (GLADs) around the world to discuss the latest draft proposal on a market based measure to curb emissions from international aviation. The dialogues came to a close on 8 April, but there are already worrying signs that important elements around ambition, emission unit quality criteria and double counting of these units may not be adequately addressed. If left untreated, these missing elements would lead to a toothless proposal that will do little for the environment.

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Carbon Market Watch News
4 Feb 2016

Direction of aviation’s market based mechanism still up in the air

“Thank God men cannot fly, and lay waste the sky as well as the earth.” ― Henry David Thoreau Unfortunately for Thoreau, humans did conquer the skies, and aviation is now a significant contributor to climate change, contributing more CO2 to the atmosphere in 2014 than the combined emissions of the 129 lowest emitting countries[i]….

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Carbon Market Watch News
1 Oct 2015

New aviation reports add pressure to address airline emissions

The International Civil Aviation Organization (ICAO) is busy developing a new market-based mechanism that will allow it to buy offsets to achieve the goal of limiting emissions to 2020 levels, despite rapid growth in the industry. In parallel, it has standards that aim to increase the fuel efficiency of aircraft. In 2010, ICAO agreed to achieve an annual 2% average fuel efficiency improvement to 2020. However, two new reports (links below) show that this goal is not yet being met, undermining the aviation industry’s need to reduce emissions.

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Carbon Market Watch News
23 Sep 2015

UN launches new platform to offer stranded CDM carbon offsets

As part of the climate week in New York, the UN launched the “Go Climate Neutral Now” initiative- a new online platform to purchase carbon offsets generated by its Clean Development Mechanism (CDM). The initiative attempts to boost demand for CDM credits on the voluntary carbon market and for the aviation sector but fails to dodge the sale of bogus carbon offsets.

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