To date, 42 developed countries (Annex 1) have submitted pledges. Fulfilment of the developed country pledges is projected to reduce emissions by up to 4 billion tons (Gt) CO2e in 2020 from “business as usual” (UNEP 2010). This is about one third of the
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WATCH THIS! Progress and gossip about carbon markets at COP17: Issue#1 here
Durban. A study released today confirms that over 20% of all carbon credits under the UN’s offsetting scheme could come from business-as-usual large hydro projects. The study also points out the significant social and environmental impacts of these projects and calls for an overhaul
Durban, South Africa. In a crucial move, the UN’s Clean Development Mechanism (CDM) Executive Board yesterday suspended coal power offsetting projects because the rules used to calculate emission reductions cause artificial carbon credits. Pressure on the EU is mounting to call for a ban
Letter to Austrian Minister: H.E. Mr. Nikolaus Berlakovich Letter to Belgian Minister: S.E. M. Paul Magnette Letter to Bulgarian Minister: H.E. Ms. Nona Karadjova Letter to Cypriot Minister: H.E. Mr. Sofoclis Aletraris Letter to Czech Minister: H.E. Mgr. Tomaš Chalupa Letter to German Minister:
Brussels. A report published today by the UNFCCC’s expert panel shows that coal power plants that receive climate finance through the Clean Development Mechanism (CDM) may receive millions of artificial carbon credits under current rules.
Achieving a successful outcome at the upcoming climate change negotiations in Durban (COP17) depends fundamentally on the political will of Parties to agree to emissions reduction targets that are in line with the Cancun Agreement to prevent global warming beyond two degrees Celsius. CDM
The Aguan biogas project in Honduras (see article on Human Rights) not only highlights the need to address human rights issues in the CDM. It is also made it clear that CDM rules and procedures on local stakeholder consultation do not lead to effective
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