News & Press

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…

Read more →

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…

Read more →

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…

Read more →

Press release
23 Jul 2012

Press Release: UN Body decision marks end for dirty carbon credits from coal power in the EU emissions trading scheme

Washington D.C., Brussels, 23 July 2012. The United Nations Clean Development Mechanism (CDM) Executive Board has taken a significant step towards a major victory against propping up the dirty, carbon intensive coal industry. In a meeting last week, the CDM Executive Board requested yet another round of scrutiny of the set of rules that would allow coal power plants in India and China to receive carbon credits.

Read more →

Press release
7 May 2012

Press Release: New rules for coal offsetting projects still severely flawed

Bonn, Germany, 7 May. The UN’s Clean Development Mechanism (CDM) Executive Board will discuss this week whether to approve revised rules on coal power offsetting projects. NGOs are urging the Board to reject the revision because they do not address crucial technical flaws. The revisions also fail to address the severe harm new coal projects…

Read more →

Press release
24 Nov 2011

Press Release: Pressure on EU mounts as UNFCCC suspends flawed rules for coal offsetting projects

Durban, South Africa. In a crucial move, the UN’s Clean Development Mechanism (CDM) Executive Board yesterday suspended coal power offsetting projects because the rules used to calculate emission reductions cause artificial carbon credits. Pressure on the EU is mounting to call for a ban of these projects at the climate change conference starting next week in Durban.

Read more →

Press release
3 Nov 2011

Press Release: New Study Finds CDM Coal Projects Undermine Climate Goals while Receiving Billions in Climate Finance

Brussels. A study released today identifies deep systematic flaws in the crediting rules of coal plants under the Clean Development Mechanism (CDM). The research also shows that they do not reduce emissions compared to business as usual but could earn 451 million artificial carbon credits by 2020 and claim billions of Euros in climate finance. CDM Watch calls for the removal of this project type from the CDM.

Read more →

Press release
19 Sep 2011

Press Release: Large hydro project in India under scrutiny – Wikileaks puts integrity of UN carbon offsetting scheme under question

Brussels. CDM Watch and International Rivers call on the CDM Executive Board to reject the mega Rampur Hydroelectric Project in India from receiving CDM carbon credits because it does not comply with essential CDM requirements. They also call on the Swedish Energy Agency, as a party involved in the project, to prove compliance with World Commission of Dams criteria.

Read more →

Press release
18 Jul 2011

Press Release: EU action required as UN Panel keeps flawed rules of carbon offsetting scheme in place

Brussels/Washington. The UN´s CDM Executive Board has once again failed to address flawed rules of controversial coal and HFC-23 projects. Environmental groups are now calling on the European Union to ban carbon credits from coal projects in the EU´s Emissions Trading Scheme. The groups also call for additional safeguards to exclude credits from projects linked to human rights abuses.

Read more →