News & Press

Carbon Market Watch News
By Agnes Brandt on 2 Feb 2017

European Commission restricts free pollution permits to carbon-intensive industry

The European Commission last week finalized a decision to reduce the amount of free pollution permits handed out to energy intensive industry for the period up to 2020. This decision comes at a time when the European Parliament and EU ministers are deliberating over how many pollution permits heavy industry should get for free after 2020.

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Carbon Market Watch News
By Agnes Brandt on 19 Oct 2016

New report underlines the risks for Europe’s bloated carbon market

According to a European Environment’s Agency (EEA) report published this week the oversupply of carbon permits in the EU Emissions Trading System (EU ETS) remains ‘substantial’. At a time when lawmakers are discussing how to get Europe’s flagship climate policy back on track, this report comes as an urgent warning to those trying to save the EU’s failing carbon market.

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Carbon Market Watch News
By Kelsey Perlman on 22 Sep 2016

Can a robust aviation climate deal take off?

In its Assembly from 27 September to 7 October, the International Civil Aviation Organization (ICAO) is expected to agree on an offsetting scheme to address the sector’s ever growing greenhouse gas emissions. Several improvements are needed before the Global Market Based Measure (GMBM) can even be called an acceptable first step to curb emissions from aviation….

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Carbon Market Watch News
21 Sep 2016

Barro Blanco: communities flooded despite rejected agreement – NGOs ask for withdrawal of CDM’s registration

On September 17, Ngäbe people rejected an agreement between top representatives and the government, signed only a month before. In the meantime, the test filling of the reservoir resumed which has flooded affected communities. Carbon Market Watch along with 80 other local and international NGOs, have called on the Panamanian authorities to withdraw the Barro…

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Carbon Market Watch News
21 Sep 2016

EU’s highest court rebuffs industry claim for more pollution freebies

Earlier this month, the EU Court of Justice ruled against a case by eight Swedish heavy industry operators that were asking for more free pollution permits under the EU Emissions Trading System (EU ETS) than they currently get. The EU ETS -meant to cut pollution- has so far provided industry a €24 billion pollution payout, a bill that taxpayers are picking up as governments forego scarce public money.

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Carbon Market Watch News
11 Apr 2016

Global Aviation Dialogues: crucial elements omitted from latest MBM draft proposal

The International Civil Aviation Organization (ICAO) organized five Global Aviation Dialogues (GLADs) around the world to discuss the latest draft proposal on a market based measure to curb emissions from international aviation. The dialogues came to a close on 8 April, but there are already worrying signs that important elements around ambition, emission unit quality criteria and double counting of these units may not be adequately addressed. If left untreated, these missing elements would lead to a toothless proposal that will do little for the environment.

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Carbon Market Watch News
16 Mar 2016

Green Climate Fund under pressure after accrediting contested banks

Despite strong opposition from the civil society, the Green Climate Fund (GCF) Board last week in Songdo accredited two entities – HSBC and Crédit Agricole – that have been contested for money laundering, investment in fossil fuel and poor protection of human and environmental rights. This unveils the double standard poor track record plays in accrediting big or small entities.

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