News & Press

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
7 May 2015

NEWS: New financial boost for NAMAs

Leveraging climate finance for implementing Nationally Appropriate Mitigation Actions (NAMAs) has been one of the biggest challenges for NAMA developers in the past years. A new financial package up to €85 million by the NAMA Facility invites NAMA support project outlines by 15 July 2015 and beefs up existing NAMA finance to about €150 million.

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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.

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Carbon Market Watch News
2 Apr 2015

News: Green Climate Fund’s decision to accredit first entities shadowed by intransparency over approval process

At the 9th Board meeting of the Green Climate Fund (GCF), which concluded last week in South Korea, seven entities were approved to pass through funding proposals by mid-year. However, the decision was criticised over the lack of transparency and stakeholder input in the process. The Board also adopted rules to screen project proposals but failed to exclude funding for fossil fuels. Expectations are now on countries to sign off the remaining US$4.5 billion for the fund that has been pledged in November 2014 ahead of the 30 April deadline.

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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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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.

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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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