News & Press

Opinion
By Kaisa Amaral on 28 Nov 2019

What does flight shame have to do with global carbon markets?

In two parallel global climate processes governments need to finalise details for both international carbon markets under the Paris Agreement and the future aviation offsetting scheme CORSIA. Meanwhile, citizens are losing patience with their leaders that move too slowly in the face of a climate breakdown. Strong action is therefore expected from decision-makers if they…

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News
By Gilles Dufrasne on 26 Feb 2019

Existing UN carbon credits will do nothing to offset aviation industry pollution, new Nature study finds

A new paper published in Nature Climate Change confirms that relying on outdated Clean Development Mechanism (CDM) carbon credits to compensate aviation emissions will do nothing for climate action. You can read the full paper here (paywall): Warnecke et al. (2019): “Robust eligibility criteria essential for new global scheme to offset aviation emissions”, Nature Climate…

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News
By Gilles Dufrasne on 1 Dec 2018

EU Member States resist aviation industry pressure to weaken climate regulation

This week, European Member States agreed on a common position regarding the future implementation of the International Civil Aviation Organisation’s (ICAO) new carbon market, set to start operating in 2021. The creation of a new offsetting mechanism for aviation, the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), was agreed as part of a…

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Opinion
By Gilles Dufrasne on 24 Jul 2018

Green finance must be people-friendly

Today, civil society organisations have sent out a letter to leaders of the European Commission to call on them to adopt financial investment rules which will benefit both the people and the environment. The letter is part of a wider effort from civil society to make sure that “sustainable” finance does not end up harming people…

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Opinion
By Guest: Soumya Dutta on 12 Jun 2018

Sham consultations, ruthless exploitation: CDM project experience in India

Guest article by Soumya Dutta, Beyond Copenhagen collective, India India hosts a big share of climate mitigation projects under the UN’s Clean Development Mechanism (CDM). Many of these projects have blatantly violated the rights of affected communities and stakeholder consultations are carried out rarely if ever, writes Soumya Dutta. The Clean Development Mechanism (CDM) was…

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Opinion
By Gilles Dufrasne on 24 May 2018

Learning from Barro Blanco: how to improve public participation in climate projects

As negotiations on the Paris Agreement rules approach the finish line, it will be important to ensure that future climate mitigation projects respect human rights and the environment. Ever since flood waters started to rise at the Barro Blanco hydro dam site on the Tabasará river in Panama, destroying agricultural lands, cultural sites, and numerous…

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Opinion
By Gilles Dufrasne, Eva Filzmoser on 16 May 2018

The road ahead for UN carbon markets

Another round of UN climate talks closed on May 10th in Bonn, where negotiators discussed the “Paris Agreement rulebook”, a set of rules to regulate how commitments put forward in Paris can be implemented starting in 2020. The rulebook is to be finalised by the UN climate change conference (COP24) in December this year in…

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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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Opinion
By Juliane Voigt on 25 Oct 2017

Recap of the 17th Board meeting of the Green Climate Fund

The Board of the Green Climate Fund (GCF) met for the 17th time at its headquarters in Songdo, South Korea in July 2017 to discuss important policy issues for the way forward. One key issue on the agenda was the approval of new accredited entities to the Board, including two entities that are known for…

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Opinion
By Pierre-Jean Brasier on 25 Oct 2017

WATCH THIS! NGO Voices on Climate Finance & Carbon Markets #20 – October 2017

Editorial Dear partners, dear friends, Welcome to the 20th edition of our Watch This! Newsletter. In this edition, we introduce two of Carbon Market Watch’s new working topics: international shipping emissions and carbon pricing. On both issues, the involvement of the network will be key, as a vital counterweight to the interests of emitting industries….

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