News & Press

News
By Femke de Jong on 26 Apr 2018

Head of IMF urges countries to adopt higher carbon prices

Polluting cannot be as cheap as it is today – was the message from ministers, business executives and civil society leaders who came together at the third high-level annual assembly of the Carbon Pricing Leadership Coalition (CPLC) last week. Carbon Market Watch will join the CPLC’s steering committee to advance NGO engagement and help ensure…

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News
By Femke de Jong, Gilles Dufrasne on 16 Feb 2018

OECD: Governments must boost carbon pricing to address climate change

The Organisation for Economic Co-operation and Development (OECD) says that taxes in major economies are far below the cost of pollution from the use of fossil fuels on climate and the environment, urging governments to do more to make polluters pay. A lax tax Taxes on high-carbon activities can trigger catalytic shifts towards low-carbon societies…

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News
26 Jan 2018

Carbon Market Watch Newsletter – January 2018

Editorial Happy 2018, a pivotal year for stepping up climate action The World Economic Forum’s latest Global Risk Report places climate change as the number one threat facing the world in 2018 – a hot topic at this year’s meeting of world leaders in Davos. Our message to the crowds gathered in the Alpine town:…

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News
30 Nov 2017

Carbon Market Watch Newsletter – November 2017

Editorial The UN’s annual climate talks this year held in Bonn Germany saw moderate progress on implementing the Paris Agreement. However, critical questions on the functioning of future carbon markets remain wide open, making it impossible to assess if they will contribute to the fight against climate change. Meanwhile, the UN’s aviation body is drafting rules for…

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News
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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News
26 Oct 2017

Carbon Market Watch Newsletter – October 2017

Editorial In less than two weeks, the climate community will gather in Bonn to discuss how to put the landmark Paris climate deal into action. When it comes to markets, rather than rushing to lock in rules that repeat past mistakes, it is important to ensure that future measures truly increase climate action and foster sustainable…

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News
By Aki Kachi on 25 Oct 2017

On Kyoto, Paris, and carbon markets

In less than two weeks, Parties will meet again in Bonn at a UN climate conference for another round of negotiations to prepare for the adoption of the rules to implement the Paris climate change agreement. What role will markets have in how the world works to limit global warming to 1.5C?   Although observers…

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News
By Kelsey Perlman on 28 Sep 2017

CDM credits not fit to meet Paris goals – study

A recent study by Stockholm Environment Institute (SEI) looking at credits issued under the UN offsetting measure, the Clean Development Mechanism, warns governments against using them to meet their pledges under the Paris Agreement. In the past, when judging the quality of an offsetting project, most people looked at questions such as: is the methodology used to…

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News
29 Jun 2017

Carbon Market Watch Newsletter – June 2017

Editorial US President Trump’s announcement to withdraw from the Paris Agreement casts a shadow over financial support for developing countries to help them deal with the consequences of climate change and transition towards sustainable, low-carbon societies. New leadership is needed to fill in the climate finance gap. Responsible for almost 3% of global greenhouse gas emissions, the shipping…

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News
31 May 2017

Carbon Market Watch Newsletter – May 2017

Editorial This month, negotiations on the Paris Agreement implementation continued at the UN climate conference in Bonn, but little progress was made in the closed door talks on future carbon markets. The eventual outcome of these negotiations is set to impact the aviation industry’s new offsetting scheme CORSIA. Ensuring environmental integrity and avoiding double-counting of emission reductions…

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