News & Press

Press release
By Khaled Diab on 13 Nov 2021

COP26: Half-baked carbon market rules fail to take heat off the climate

After over five years of dithering and two weeks of intensive negotiations, the world’s governments settled on slimmed-down ground rules for carbon markets under the Paris Agreement’s Article 6. This deal will provide escape hatches for government and corporations seeking to renege on their climate responsibilities, in particular undermining the urgent emissions cuts needed in…

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Press release
25 Oct 2021

Net-zero pipe dreams: Carbon-neutral fossil fuel claims amount to greenwashing

A new Carbon Market Watch report thoroughly investigates the growing number of fossil fuels that are being marketed as “carbon neutral” and concludes that they amount to brazen greenwashing. Published ahead of the COP26, the document challenges governments and industry to halt greenwashing practices and commit to binding fossil fuel phaseouts. Today, Carbon Market Watch…

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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…

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Press release
15 Dec 2018

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…

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Press release
18 Apr 2017

New study adds urgency to end UN carbon offsetting scheme

Brussels 19 April 2017. The European Commission has released a new study showing major flaws in carbon offsets from the Clean Development Mechanism (CDM). As countries flesh out the rules to implement the Paris Agreement, Carbon Market Watch calls for an end to the scheme, and a shift away from offsetting as a climate policy…

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Press release
22 Sep 2015

UN offers new marketplace for stranded carbon offsets

Brussels, 22 September 2015. Today, at the climate week in New York, the UN launched the “Climate Credit Store”- 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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Press release
10 Feb 2015

Proyecto Barro Blanco, registrado bajo el Mecanismo de Desarrollo Limpio de la ONU, es suspendido por incumplimiento con su Evaluación de Impacto Ambiental

Ciudad de Panamá, Panamá y Ginebra, Suiza. En una decisión histórica, la Autoridad Nacional del Ambiente (ANAM) de Panamá ordenó ayer la suspensión temporal de la construcción del proyecto hidroeléctrico Barro Blanco debido al incumplimiento con su Evaluación de Impacto Ambiental. La represa fue registrada bajo el Mecanismo de Desarrollo Limpio (MDL) de la ONU pese a que amenaza con inundar el territorio de las comunidades Ngäbe Buglé.

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