Press release
Carbon Market Watch agenda – Spring-Summer 2021
Carbon Market Watch agenda outlines our priorities and key political milestones for the next months. Download here
News & Press
Press release
Carbon Market Watch agenda – Autumn 2020
Carbon Market Watch agenda outlines our priorities and key political milestones for the next months. Click here
Press release
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…
Press release
COP24 overshadowed by market failure as countries fail to agree on basic accounting principles and the future of the CDM
COP24 closed this evening in Katowice, Poland, more than 24 hours later than initially planned. Despite smooth progress at first, negotiations ended in confusion as it proved impossible to find an agreement within the article 6 negotiations, which work to set up two new carbon markets for the post-2020 period. The text presented to all…
Press release
Markets must increase climate ambition – Carbon Market Watch priorities at the COP23 in Bonn
BRUSSELS 3 November 2017. The next round of UN climate talks takes place in Bonn from 6 to 17 November, under the Fijian Presidency, on how to implement the Paris climate deal. One open question is the role carbon markets will play in meeting global climate targets. Carbon Market Watch will be in Bonn to follow…
Press release
In landmark decision, Panama withdraws UN registration for Barro Blanco hydrodam project
Marrakech, Morocco; Panama City, Panama – 10 November 2016: Last week, Panama withdrew its registration of the controversial Barro Blanco hydro dam project on grounds of stakeholder violation, a precedent under the UN’s Clean Development Mechanism (CDM). While this decision is a step in the right direction for climate action, lessons need to be learned…
Press release
Barro Blanco: Flooding begins on UN approved hydro dam as indigenous defenders are forcefully removed
Washington DC, Bonn, Kiad, Panama 24 May 2016 – Today the floodgates were opened on the contentious UN backed Barro Blanco hydro dam in Panama, sparking forced removal by authorities of indigenous Ngäbe communities that are living in protest camps near the dam site. With construction finished, GENISA, the company that owns and operates the…
Press release
Report highlights need for human rights in the Paris agreement
Paris, 10 December 2015. Today, at the occasion of the International Human Rights Day, Carbon Market Watch and CIDSE have released a new report highlighting the impact that climate projects can have on human rights. Join a large coalition of civil society groups at a media action at the COP21 venue.
Press release
UN’s carbon offsetting executive to discuss human rights safeguards
Brussels, 12 October. Following numerous incidents of human rights violations related to carbon offsetting projects, the UN’s Board of the Clean Development Mechanism (CDM) will, for the first time, discuss options to address these concerns at its 86th meeting starting today. The Board 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. In an open letter, 96 groups from 35 countries have highlighted their support for these changes.
Press release
MEDIA STATEMENT: Independent report finds Dutch and German development banks failed to comply with environmental and human rights standards in financing the Barro Blanco dam in Panama
Kiad, Panama/Amsterdam/Bogota – Last Friday, a long-awaited report by an independent panel found that FMO and DEG, the Dutch and German development banks, violated their own policies by failing to adequately assess the risks to indigenous rights and the environment before approving a US$50 million loan to GENISA, the developer of the Barro Blanco hydroelectric project in Panama. FMO and DEG’s response to the findings, while acknowledging some deficiencies in their assessment, does not commit to any measures to address the outstanding policy violations. Even while the report concludes that “the lenders have not taken the resistance of the affected communities seriously enough,” it appears that FMO and DEG continue to do so.
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