Air travel accounts for 5-14% of global climate emissions and is growing rapidly. Nevertheless, aviation emissions remain unregulated. Pressure is mounting on the International Civil Aviation Organization (ICAO) to agree to a mechanism to reduce aviation emissions during their next triennial Assembly in September
Today, the International Air Transport Association (IATA) acknowledged the need for market-based measures to reduce the aviation sector’s contribution to climate change. This should be considered as part of a broader package of measures, including improvements in technology, operations and infrastructure. However, the airlines
Dear friends, Carbon markets are in the dumps and policy makers and market participants alike are scrambling to come to their rescue. The Carbon Expo in Barcelona just came to a close and the next intercessional UNFCCC conference of this year starts in Bonn
At the upcoming intercessional conference starting on 3 June in Germany, Parties will discuss revisions to the rules that govern the CDM. We highlight the most important issues that need to be addressed in order to strengthen the environmental and social integrity of the
In Doha Parties decided that the two JI tracks should be merged. However, all further decisions about JI were delegated to be discussed at the upcoming meeting in Bonn in June 2013. Below is a short summary of essential reform requirements needed. JI is
In Bonn, countries will continue negotiating if and how new carbon markets and their units should be approved both under the Framework for Various Approaches (FVA) and through the New Market Mechanism (NMM). We highlight some of the most pertinent issues that are still
At this year’s ICAO Assembly in September 2013, Parties are supposed to agree on a Framework for market-based measures (MBMs) to address international aviation emissions and on the feasibility of a global MBM. But countries are far from agreeing how such MBMs should look
The quest to prop up depressed CO2 prices in the European Union’s Emissions Trading Scheme (EU ETS) is continuing. After the narrow rejection of the back-loading proposal in April, the European Parliament is expected to have a second vote in July. Meanwhile, the scheme
Joint article by Carbon Market Watch and ClientEarth The EU’s Effort Sharing Decision (ESD) covers all sectors not included in the EU-ETS, except international shipping, aviation and LULUCF. These ESD sectors are responsible for 60% of the EU’s greenhouse gas emissions, yet current reduction
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