News & Press

Press release
22 Sep 2015

UN offers new marketplace for stranded carbon offsets

Brussels, 22 September 2015. Today, at the climate week in New York, the UN launched the “Climate Credit Store”- a new online platform to purchase carbon offsets generated by its Clean Development Mechanism (CDM). The initiative attempts to boost demand for CDM credits on the voluntary carbon market and for the aviation sector but fails to dodge the sale of bogus carbon offsets.

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Carbon Market Watch News
9 Jun 2015

NEWS: Review of the CDM rules at the Bonn intersessions

Currently, parties to the UNFCCC are meeting in Bonn for a new round of climate negotiations. One of the topics that is on the table is the review of the Modalities and Procedures of the Clean Development Mechanism (CDM). Parties are thereby discussing rather “light” issues and shy away from more conflicting topics. But, when turning a blind eye on the necessity for more controversial themes, such as the establishment of a grievance mechanism, the review of the Modalities and Procedures may fall behind its great potential to improve the CDM for the future.

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Carbon Market Watch News
2 Apr 2015

European Parliament discusses human rights dimension of EU’s climate finance contributions

Last week in an event in the European Parliament, various stakeholders discussed experiences with existing climate mechanisms against the future climate finance policy landscape, where potentially huge amounts of climate finance will not only be channeled through the Green Climate Fund (GCF) but also through bilateral agreements and other instruments where it is still unclear what types of safeguards and compliance mechanisms will be applicable and how the respective public and private stakeholders involved will be accountable.

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Press release
10 Feb 2015

Proyecto Barro Blanco, registrado bajo el Mecanismo de Desarrollo Limpio de la ONU, es suspendido por incumplimiento con su Evaluación de Impacto Ambiental

Ciudad de Panamá, Panamá y Ginebra, Suiza. En una decisión histórica, la Autoridad Nacional del Ambiente (ANAM) de Panamá ordenó ayer la suspensión temporal de la construcción del proyecto hidroeléctrico Barro Blanco debido al incumplimiento con su Evaluación de Impacto Ambiental. La represa fue registrada bajo el Mecanismo de Desarrollo Limpio (MDL) de la ONU pese a que amenaza con inundar el territorio de las comunidades Ngäbe Buglé.

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Press release
10 Feb 2015

UN registered Barro Blanco Hydroelectric Dam temporarily suspended over non-compliance with Environmental Impact Assessment

PANAMA CITY, Panama and GENEVA, Switzerland In a landmark decision, Panama’s National Environmental Authority (ANAM) temporarily suspended the construction of the Barro Blanco hydroelectric dam yesterday over non-compliance with its Environmental Impact Assessment (EIA). The dam was approved by the UN Clean Development Mechanism (CDM) despite risks of flooding to the territory of the indigenous Ngäbe Bugle communities.

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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.

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Press release
8 Dec 2014

Press Advisory: Carbon Offsetting Benefit Tracker launched to showcase local reality of CDM projects

Brussels/Lima 8 December 2014, today the ‘CDM Benefit Tracker India’ will be launched in Lima, Peru. The Tracker compares eye witness accounts of local communities with sustainability objectives of CDM projects and finds severe discrepancies between claims and local realities. Local groups are now calling on countries in Lima to establish monitoring and verification provisions…

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Carbon Market Watch News
25 Nov 2014

Reap what you sow: participation in a global carbon market should be limited to countries with ambitious climate targets

The role of future carbon markets will rank high on the agenda in Lima. Against the insufficient climate action pledges that have been made so far, a key issue in Lima will be to establish participation criteria that will only allow those countries with a mitigation target in line with the 2°C target to participate in international carbon markets.

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