News & Press

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…

Read more →

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.

Read more →

News
4 Feb 2016

The missing ingredients for successful NAMAs

During the Paris negotiations in December publication of Carbon Market Watch’s policy brief revealed that long-term success of Nationally Appropriate Mitigation Actions (NAMAs) depends on having clear guidelines on stakeholder consultations, oversight of sustainable development impacts and sector-specific environmental criteria. The strategic plan for the Green Climate Fund (GCF) and the NAMA Facility revision process are crucial opportunities to acknowledge these success factors.

Read more →

News
22 Dec 2015

Paris treaty establishes new carbon trading mechanisms

Despite seemingly genuine fears amongst some negotiators that the role of carbon markets might not be mentioned in the final agreement, the Paris treaty created two different frameworks for market approaches that will be developed in detail over the next years.

Read more →

News
3 Nov 2015

Perspectives from outside the room: UNFCCC Negotiations in Bonn and the lead up to Paris 2015

The October talks in Bonn had a shaky start after the G77 opposed the Co-Chairs’ minimalist draft text. Other Parties expressed unhappiness at the lack of options and issues they saw as missing. Through Monday, Parties were allowed to bring in, with “surgical precision”, issues they felt essential to include. This process has bolstered Parties’ ownership of the text, but the talk is of coming up with ‘bridging proposals’ rather than reaching actual agreements on sections of the text.

Read more →

News
1 Oct 2015

CDM Board to discuss human rights safeguards

Following numerous incidents of human rights violations related to CDM projects, the CDM Board will, for the first time, discuss options to address these concerns at its next meeting starting on 12 October. It will also discuss recommendations to overhaul the CDM’s local stakeholder consultation rules, including a requirement that projects must repeat consultations if they have not been carried out in line with national laws.

Read more →

News
1 Oct 2015

UN Sustainable Development Summit paves road to Paris

The adoption of the new universal sustainable development goals (SDGs) has kicked-off a set of government actions to achieve a clean and prosperous future. Two major polluters, the US and China, announced a joint vision on climate change. China, UK and France ramped up climate finance to $17.5 billion.

Read more →

News
1 Oct 2015

UN body launches tender to buy carbon offsets, excludes substandard projects from eligibility

Last week, the United Nations Office for Project Services (UNOPS) closed a tender to buy 350.000 carbon credits from the Clean Development Mechanism (CDM). According to the Invitation to Bid (ITB), offset credits must meet high quality requirements to be eligible. Quality criteria exclude coal, HFC-23 and large hydro projects that do not comply with additional quality assessments and favour projects that demonstrate improvements to the health, safety and welfare of people and especially women living near the projects.

Read more →

News
23 Sep 2015

UN launches new platform to offer stranded CDM carbon offsets

As part of the climate week in New York, the UN launched the “Go Climate Neutral Now” initiative- 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.

Read more →