News & Press

Press release
By Kaisa Amaral on 17 Sep 2020

EU Commission’s climate plan two steps forward, one step backwards

BRUSSELS 17 September 2020. The European Commission’s 2030 Climate Target Plan reiterates positive elements from the European Green Deal such as strengthening the EU carbon market and reducing free pollution permits to airlines. But the plan to rely on carbon sinks to reach the target waters down the overall ambitious plan and needs to be…

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Opinion
By Wijnand Stoefs on 25 Jun 2020

Towards more sustainable and transparent investments?

New European reporting guidelines would make it mandatory for large companies to disclose the climate impact of their activities as well as how they plan to mitigate it. This would bring more clarity for consumers, taxpayers and investors alike on how their money is spent and therefore lead to more sustainable investments.   The European Commission…

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Opinion
By Kaisa Amaral on 24 Jun 2020

More climate action through better planning

This article is a summary of an interview published on the European Commission website 15 June 2020 Stopping the climate crisis will require us to substantially cut carbon emissions across all sectors of the economy, as well as to rapidly transition to a zero-carbon energy mix. To this end, European Union member states need to…

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Opinion
By Kaisa Amaral on 14 May 2020

Lead EU lawmaker’s strong call for climate action

4 key takeaways from MEP Guteland’s draft EU Climate Law report The lawmaker in charge of the EU Climate Law at the European Parliament proposes that the EU adopts a 65% emission target for 2030 and carbon budgets in line with the latest scientific data. She also calls on all EU governments to endorse the…

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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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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…

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Opinion
By Guest: Soumya Dutta on 12 Jun 2018

Sham consultations, ruthless exploitation: CDM project experience in India

Guest article by Soumya Dutta, Beyond Copenhagen collective, India India hosts a big share of climate mitigation projects under the UN’s Clean Development Mechanism (CDM). Many of these projects have blatantly violated the rights of affected communities and stakeholder consultations are carried out rarely if ever, writes Soumya Dutta. The Clean Development Mechanism (CDM) was…

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Opinion
By Gilles Dufrasne on 24 May 2018

Learning from Barro Blanco: how to improve public participation in climate projects

As negotiations on the Paris Agreement rules approach the finish line, it will be important to ensure that future climate mitigation projects respect human rights and the environment. Ever since flood waters started to rise at the Barro Blanco hydro dam site on the Tabasará river in Panama, destroying agricultural lands, cultural sites, and numerous…

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Opinion
By Eva Filzmoser | Pierre-Jean Brasier on 30 Nov 2017

Closing a (violent) chapter: Santa Rita hydro dam project officially cancelled

In October, the private sector lending arm of the World Bank Group (International Finance Corporation, IFC) confirmed the cancellation of a controversial Santa Rita hydroelectric project in Guatemala, approved under the UN’s carbon offsetting scheme Clean Development Mechanism (CDM). The announcement follows a report by the IFC Ombudsman which found serious failings in the project…

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Opinion
By Pierre-Jean Brasier on 25 Oct 2017

WATCH THIS! NGO Voices on Climate Finance & Carbon Markets #20 – October 2017

Editorial Dear partners, dear friends, Welcome to the 20th edition of our Watch This! Newsletter. In this edition, we introduce two of Carbon Market Watch’s new working topics: international shipping emissions and carbon pricing. On both issues, the involvement of the network will be key, as a vital counterweight to the interests of emitting industries….

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