News & Press

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
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
By Aki Kachi on 31 May 2017

Markets negotiations make little progress in Bonn

Despite the political uncertainties around US’ participation in the Paris Agreement, technical negotiations on how to implement the landmark climate deal, including through carbon markets, continued at the UN Climate Conference earlier this month. While delegations underlined continued commitment to the Paris Agreement goals, little progress was made on the Article 6. Disagreements over the…

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News
By Juliane Voigt on 27 Apr 2017

Fostering sustainable development through climate action – what should the future UN mechanism look like?

In May, climate negotiators will again gather to flesh out the rules to implement the landmark Paris climate agreement. One of the topics on the agenda is the Sustainable Development Mechanism. To be effective, the successor to the Clean Development Mechanism must guarantee real, measurable and long-term benefits both in terms of emission reductions and…

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News
By Aki Kachi on 27 Apr 2017

‘Price it right, tax it smart, do it now’ demands the head of IMF

Carbon Market Watch Joins Coalition to Promote Carbon Pricing As climate skeptics in the White House mulled over whether to remain in the Paris Agreement, less than two blocks away on Pennsylvania Avenue, climate change featured prominently in the spring meeting agenda of the World Bank and the IMF. Among the numerous workshops, conferences and…

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News
By Aki Kachi on 22 Feb 2017

Getting the G20 to move on fossil fuel subsidies and carbon pricing

The 2015 diplomatic success of the Paris Agreement now seems far away. Today we are faced with a very different geopolitical reality both in general, and especially when it comes to climate policy. Germany is a country Europe both looks to for stability, it also now finds itself in the global limelight in 2017 as it holds the G20 Presidency and will host the COP 23 in Bonn.

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News
By Kelsey Perlman on 1 Dec 2016

More work needed to make aviation’s climate tool fit for purpose

Climate action is multiplying outside of the UN climate talks (UNFCCC), from the Kigali Agreement on the highly potent greenhouse gas HFCs to International Civil Aviation Organization (ICAO) agreeing to offset emissions from international aviation. Nevertheless, they all have connections to the UNFCCC where the bulk of the world’s effort against climate change is managed….

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News
By Juliane Voigt on 30 Nov 2016

Still no closure for UN offsetting scheme review

At the COP 22 climate conference in Marrakesh, countries continued debating the review of the UN’s Clean Development Mechanism (CDM), which will serve as a model for the newly established Sustainable Development Mechanism (SDM). Parties generally shied away from controversial topics, such as demands to establish a grievance mechanism. In order for the CDM review…

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