Carbon Market Watch is currently in China to follow developments around the expected launch of 7 regional pilot emissions trading systems. We give a first overview about the state of play of the 7 pilots. China’s emissions have more than doubled over the last
Letter sent on May 30 by over 150 NGOs to the full Green Climate Fund (GCF) Board and Secretariat being concerned about the GCF and wanting to ensure that it is a transparent, democratic, inclusive, and effective institution. The letter requests that civil society
Last week, the European Commission released data about the 2012 use of offset credits in its Emission Trading Scheme (EU ETS). A large part of offset credits are from heavily criticised Joint Implementation projects and large-scale power plants under the Clean Development Mechanism. Carbon
The world’s forests are threatened by an ever-expanding demand for commodities such as soy, timber, palm oil and beef. Every year 13 million hectares of forests are being lost worldwide due to illegal or unsustainable logging and the conversion of forests to agricultural land.
2030 Climate and Energy Package (Analysis here) HIGHLIGHTS In a nutshell, key highlights of decisions on the 2030 climate and energy framework include: A binding target to reduce domestic greenhouse gas emissions by at least 40% by 2030, possibly resulting in only 31% effective
Under the EU Effort Sharing Decision, EU Member States have taken on binding annual targets for reducing their greenhouse gas emissions from the sectors not covered by the EU ETS, such as housing, agriculture, waste and transport (excluding aviation). Around 50% of the EU’s total
Despite severely over-supplied carbon markets and lacking mitigation commitments, countries are currently developing additional carbon market schemes. At the same time, countries are contemplating what changes are needed to the underlying rules of the CDM. They are also negotiating REDD and other approaches to
Native forests threatened by Barro Blanco hydrodam. Photo courtesy of Oscar Sogandares By Oscar G. Sogandares, Spokesperson Asociación Ambientalista de Chiriquí Last month, the Coordination of Indigenous Peoples of Panama (COONAPIP) representing the seven indigenous peoples of Panama withdrew from the UN REDD Programme
Garbage dump in Hoang Cau, Hanoi (showing the contrasts in Hanoi). Source. By Mattijs Smits, PhD candidate at the University of Sydney and M-POWER research fellow The number of hydropower CDM projects has boomed in the last few years in Vietnam, on the back
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