News & Press

Opinion
By Eva Filzmoser | Pierre-Jean Brasier on 30 Nov 2017

Closing a (violent) chapter: Santa Rita hydro dam project officially cancelled

In October, the private sector lending arm of the World Bank Group (International Finance Corporation, IFC) confirmed the cancellation of a controversial Santa Rita hydroelectric project in Guatemala, approved under the UN’s carbon offsetting scheme Clean Development Mechanism (CDM). The announcement follows a report by the IFC Ombudsman which found serious failings in the project…

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Opinion
By Pierre-Jean Brasier on 25 Oct 2017

WATCH THIS! NGO Voices on Climate Finance & Carbon Markets #20 – October 2017

Editorial Dear partners, dear friends, Welcome to the 20th edition of our Watch This! Newsletter. In this edition, we introduce two of Carbon Market Watch’s new working topics: international shipping emissions and carbon pricing. On both issues, the involvement of the network will be key, as a vital counterweight to the interests of emitting industries….

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Opinion
By Juliane Voigt, Pierre-Jean Brasier on 13 Apr 2017

UN climate fund should learn from past mistakes and reject large hydro dam projects

In a controversial move, the Board of the Green Climate Fund (GCF) has approved three large hydro dam projects, despite concerns raised by civil society on the extensive adverse social and environmental effects these projects can have. This development has to be seen very critically, especially considering past negative experiences under the Clean Development Mechanism…

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Opinion
By Juliane Voigt on 16 Dec 2016

Still no closure for UN offsetting scheme review

At the COP 22 climate conference in Marrakesh, countries continued debating the review of the UN’s Clean Development Mechanism (CDM), which will serve as a model for the newly established Sustainable Development Mechanism (SDM). Parties generally shied away from controversial topics, such as demands to establish a grievance mechanism. In order for the CDM review…

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Opinion
By Juliane Voigt, Aki Kachi on 23 Sep 2016

Carbon markets in the Paris Agreement: what’s next on the negotiation agenda?

The Paris COP made strong provisions for markets and, non-market approaches. Next on the agenda is figuring out how these pieces work and fit together, what role they may play in a 1.5C scenario, how to improve and phase out the Kyoto Protocol’s measures (the Clean Development Mechanism (CDM) and Joint Implementation (JI)), and how…

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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
14 Jul 2016

Barro Blanco: flooding suspended, international lenders pressured to act

Faced with intense national and international pressure, Panamanian authorities suspended the flooding of the Barro Blanco reservoir two weeks after it began. International lenders are being pressured by international NGOs as they have a key role in settling the situation. On May 22nd, Panama’s National Authority for Public Services (ASEP) announced a “test flooding” of…

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Opinion
14 Jul 2016

Carbon markets in the Paris Agreement: what’s next on the negotiation agenda?

The Paris Climate Conference agreed on strong provisions for markets, alongside provisions for non-market approaches. Next on the agenda is figuring out how these pieces work and fit together, how to improve and transition from the Kyoto Protocol’s measures -the Clean Development Mechanism (CDM) and Joint Implementation (JI), and how to integrate robust safeguards to…

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Carbon Market Watch News
2 Jun 2016

Barro Blanco: Panama urged to suspend hydro dam flooding amid growing concerns over human rights violations

In a move to bring the contentious Barro Blanco hydro dam project towards its completion, the Panamanian authorities have given the green light to begin flooding the reservoir. Affected indigenous communities still oppose the project, refusing to leave their endangered lands. Carbon Market Watch and other international NGOs have sent a letter to Panama’s President…

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Opinion
13 Apr 2016

Barro Blanco hydro dam: time is running out for affected communities

In February 2015, the Panamanian government suspended construction of the Barro Blanco hydro dam after recognising shortcomings in the agreement with affected stakeholders. One year later, and with the suspension now lifted, construction of the dam nears completion with some local communities fearing forced eviction from their homes. Supporters are calling on the Panamanian President to ensure that the affected communities are free from repression.

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