News & Press

Press release
By Kaisa Amaral on 16 Mar 2020

ICAO decision on aviation carbon market rules a step in the right direction but fails to exclude all junk credits

MONTREAL/BRUSSELS, 14 March 2020. The UN aviation body ICAO’s Council has agreed to recognise carbon offsets from six existing offset programmes for use by airlines under CORSIA, the UN’s new carbon market for aviation. The Council’s 36 member countries also decided to limit the age of credits used as well as the type of projects eligible. However, the total supply of…

Read more →

Carbon Market Watch News
26 Oct 2017

Carbon Market Watch Newsletter – October 2017

Editorial In less than two weeks, the climate community will gather in Bonn to discuss how to put the landmark Paris climate deal into action. When it comes to markets, rather than rushing to lock in rules that repeat past mistakes, it is important to ensure that future measures truly increase climate action and foster sustainable…

Read more →

Press release
13 Oct 2017

EU governments miss chance to align key climate law with Paris Agreement

BRUSSELS 13 OCTOBER 2017. Today, the EU environment ministers adopted their position on the Effort Sharing Regulation (ESR) which covers emissions from the transport, building, agriculture and waste sectors in the 2021-2030 period. As the EU’s largest climate tool, the ESR is key to implementing the Paris Agreement in Europe. Loopholes adopted today by the…

Read more →

Carbon Market Watch 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…

Read more →

Carbon Market Watch News
29 Jun 2017

Carbon Market Watch Newsletter – June 2017

Editorial US President Trump’s announcement to withdraw from the Paris Agreement casts a shadow over financial support for developing countries to help them deal with the consequences of climate change and transition towards sustainable, low-carbon societies. New leadership is needed to fill in the climate finance gap. Responsible for almost 3% of global greenhouse gas emissions, the shipping…

Read more →

Press release
14 Jun 2017

European Parliament improves key climate law but fails to close all loopholes

STRASBOURG 14 June 2017. Today, the European Parliament voted on the Effort Sharing Regulation which covers the emissions from the transport, building, agriculture and waste sectors in the 2021-2030 period. While strengthening the EU’s largest climate tool, the Parliament position leaves loopholes in the draft law that risk postponing emission reductions in these sectors. The…

Read more →

Carbon Market Watch News
31 May 2017

Carbon Market Watch Newsletter – May 2017

Editorial This month, negotiations on the Paris Agreement implementation continued at the UN climate conference in Bonn, but little progress was made in the closed door talks on future carbon markets. The eventual outcome of these negotiations is set to impact the aviation industry’s new offsetting scheme CORSIA. Ensuring environmental integrity and avoiding double-counting of emission reductions…

Read more →

Press release
30 May 2017

EU lawmakers reduce loopholes in key climate law

BRUSSELS 30 May 2017. The European Parliament’s environment committee voted today to limit loopholes in the EU’s key climate legislation, preventing  European countries from stalling emissions reductions in sectors such as agriculture and transport. EU environment ministers must go further to maximise the low-carbon potential of the law as they prepare to adopt a joint…

Read more →

Carbon Market Watch News
27 Apr 2017

Carbon Market Watch Newsletter – April 2017

Editorial Negotiations on how to implement the Paris Agreement will continue at the UN climate conference in Bonn this May. Ahead of the meeting, the European Commission has released a study showing manifold problems in the offsets generated under the Clean Development Mechanism. The study underlines the urgent need to stop using offsetting as a climate policy. The Green…

Read more →

Carbon Market Watch News
30 Mar 2017

Carbon Market Watch Newsletter – March 2017

Editorial Only three EU countries are on the right track to reach the Paris climate deal goals, a new report by Carbon Market Watch and Transport & Environment reveals. Sweden tops the EU Climate Leader Board which ranks countries according to their positions on the Effort Sharing Regulation. We hope that other member states follow the example of Sweden, France and…

Read more →