News & Press

Press release
By Kaisa Amaral on 7 Jul 2020

Shipping pollution should be covered by Europe’s carbon market – EU lawmakers

BRUSSELS, 7 July 2020.  European Parliament environment committee members have voted to extend the EU carbon market to cover international shipping, to establish a maritime decarbonisation fund and to set a mandatory reduction target for the carbon intensity of shipping. Carbon Market Watch welcomes the decision as the first step towards putting a price on…

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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
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

UN registered Barro Blanco Hydroelectric Dam temporarily suspended over non-compliance with Environmental Impact Assessment

PANAMA CITY, Panama and GENEVA, Switzerland In a landmark decision, Panama’s National Environmental Authority (ANAM) temporarily suspended the construction of the Barro Blanco hydroelectric dam yesterday over non-compliance with its Environmental Impact Assessment (EIA). The dam was approved by the UN Clean Development Mechanism (CDM) despite risks of flooding to the territory of the indigenous Ngäbe Bugle communities.

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Press release
10 Sep 2012

Press Release: CDM High Level Panel’s recommendations do not deliver

Brussels, 10 Sept, 2012. Today the High-Level Panel for the Clean Development Mechanism (CDM) Policy Dialogue presented its final report with recommendations on how to improve the CDM. The report fails to address some of the fundamental flaws of the CDM, in particular how to address the large oversupply of credits that do not represent…

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Press release
8 Dec 2011

Press Release: Loopholes Undermine Viability of Climate Regime

Durban, South Africa. As countries are negotiating a new global climate regime, a CDM Watch paper released today calls for immediate action to close loopholes in the rules under the current climate regime. The policy brief shows that the flawed rules could easily negate the reduction pledges developed countries have made for 2020 and in the worst case, even undermine a third commitment period.

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Press release
11 Jul 2011

Press Release: Call to ban CDM projects linked to human rights abuses

Brussels. This week the United Nation’s Clean Development Mechanism Executive Board will decide whether to register a controversial carbon offsetting project in Honduras linked to serious human rights abuses. The project has triggered questions on whether credits from carbon offsetting projects that violate human rights should be banned in the European carbon market.

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