News & Press

Carbon Market Watch News
5 Mar 2015

EU’s plan to link to Swiss carbon market adds pressure to announce an increased climate target

Tomorrow, the EU is expected to announce its climate contributions towards the Paris climate agreement. The expected decision will build on the European Commission’s Road to Paris vision published last week. Hopes are that Ministers take their chances to address a number of critical issues that risk severely undermining the 40% domestic reduction target. They include a clear commitment to increase the 40% target in case of linking the EU’s emissions trading system (EU ETS) with other carbon markets, the way land use emissions are accounted for and the threat the existing surplus of emission allowances pose on the 2030 climate target.

Read more →

Carbon Market Watch News
25 Feb 2015

European Commission publishes vision on the Paris Protocol to tackle climate change

Today, the European Commission (EC) has published a first glimpse of the mitigation contributions the EU intends to contribute to the Paris Protocol. The Communication launched today entitled “The Paris Protocol – A blueprint for tackling global climate change beyond 2020” includes a proposal for the EU’s proposed Intended Nationally Determined Contribution (INDCs) prepared in…

Read more →

Carbon Market Watch News
5 Feb 2015

Human rights council’s premises expected to deliver future climate treaty text

In less than one year, the world’s countries are expected to flesh out an agreement to address climate change and advert dangerous global warming. UN negotiators will meet for the first time in 2015 in Geneva with the goal to deliver a final negotiating text to form the basis for such a deal. This first session will also be significant because it will take place in the premises of the UN’s human rights council where UN delegates will have to find a solution to protect the world’s most vulnerable citizens from climate change while insuring their human rights.

Read more →

Carbon Market Watch News
5 Feb 2015

Carbon offsetting projects challenged over their sustainability impacts

In Lima, Carbon Market Watch together with local Indian launched the ‘CDM Benefit Tracker India’, an interactive map that compares the sustainable development objectives outlined in CDM project application documents with eye witness accounts from local communities. Project owners have now been invited to comment on the results that find severe discrepancies between claims and local realities.

Read more →

Carbon Market Watch News
25 Nov 2014

Keeping the books on emission units

Accounting of emissions will be a cornerstone of a future climate treaty and is hugely important for the integrity of carbon markets as well as keeping us on track to limit global warming below 2°C. Lima will need to lay grounds for a rigorous accounting framework and robust unit quality requirements. It will also need to establish consistency to the ICAO process that is developing a global market based mechanism for aviation emissions.

Read more →

Carbon Market Watch News
25 Nov 2014

NOT SMART: climate smart agriculture in carbon markets

Proposals to include forests and land use activities in existing and new carbon markets will be discussed in Lima. But sequestration of carbon in land cannot compensate for continued fossil fuel emissions – fossil fuel emissions are permanent, whereas storing carbon in forests and soils is temporary and can be easily reversed by cutting down trees and ploughing fields.

Read more →

Carbon Market Watch News
29 Aug 2014

Deadly protests against Guatemala hydro dam leave questions over UN Board’s project approval

In June, the UN Board of the Clean Development Mechanism (CDM) approved the contentious hydroelectric project Santa Ritadespite serious concerns over human rights violations. On 15 August 2014, a repressive security operation against the Q’eqchies communities of Cobán, Chisec and Raxruha by more than 1500 national police officers led to the forceful eviction of some 160 families resulting in three deaths, 50 injured, and a negative mark on the mechanism’s future. Carbon Market Watch is now calling for a formal investigation of the repressive actions and for the CDM’s Board to implement a grievance mechanism for affected communities.

Read more →

Carbon Market Watch News
10 Jul 2014

Campaign Focus: CDM needs to catch up with social standards already in place for other mechanisms

A new chance to address the shortcomings of the CDM to implement robust public participation rules was born last year at the climate change conference in Warsaw where Parties requested the UNFCCC secretariat to collect information on practices for local stakeholder consultation and providetechnical assistance for the development of guidelines upon the request of countries. In June, at a recent Africa Regional Workshop in Windhoek Namibia, Designated National Authorities (DNAs) discussed how improvements to the role of local stakeholder consultations could be made and how to sustainable development impacts of Clean Development Mechanism (CDM) projects can be monitored. Carbon Market Watch participated at this two day capacity building workshop and highlighted that best practice guidance on how to implement existing rules is still needed.

Read more →