News & Press

Press release
2 Jun 2015

MEDIA STATEMENT: Independent report finds Dutch and German development banks failed to comply with environmental and human rights standards in financing the Barro Blanco dam in Panama

Kiad, Panama/Amsterdam/Bogota – Last Friday, a long-awaited report by an independent panel found that FMO and DEG, the Dutch and German development banks, violated their own policies by failing to adequately assess the risks to indigenous rights and the environment before approving a US$50 million loan to GENISA, the developer of the Barro Blanco hydroelectric project in Panama. FMO and DEG’s response to the findings, while acknowledging some deficiencies in their assessment, does not commit to any measures to address the outstanding policy violations. Even while the report concludes that “the lenders have not taken the resistance of the affected communities seriously enough,” it appears that FMO and DEG continue to do so.

Read more →

Carbon Market Watch News
7 May 2015

NEWS: Future of Barro Blanco hydro dam left to European investment banks

Following the temporary suspension of the controversial CDM hydroelectric project Barro Blanco in February, Panama’s government acknowledges “recurring administrative flaws and improper handling” by the company in charge. After its dismissal, a new roundtable is now convened to analyse how the project can continue under a new management and “in accordance with the well-being of the communities”. The crucial decision to continue financing the project is now up to the German and Dutch development banks.

Read more →

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.

Read more →

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 →

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.

Read more →

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.

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 →

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…

Read more →