News & Press

Carbon Market Watch News
22 Dec 2015

Paris builds recognition for Human Rights obligations in climate action

HR -Protect Human Rights in all climate actionsIn Paris, governments recognized the interconnectivity of climate change and human rights. With a detailed preambular language that specifies that Parties, when taking action to address climate change, have to respect, promote and consider respective human rights obligations, the Paris agreement sets the foundation to make the new sustainable development mechanism accountable to human rights obligations.

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Carbon Market Watch 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.

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Carbon Market Watch 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.

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Carbon Market Watch News
3 Nov 2015

Green Climate Fund urged to reject accreditation applications from HSBC and Crédit Agricole

With the aim to approve first projects before COP21 in Paris, today the Board of the Green Climate Fund (GCF) will consider the first 8 funding proposals to receive Fund’s resources. Despite the opposition from the civil society, the Fund is also considering to accredit two high profile fossil fuel funders – HSBC and Crédit Agricole, – that are aiming to channel the Fund’s resources.

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Carbon Market Watch 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.

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Carbon Market Watch 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.

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Carbon Market Watch 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.

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Carbon Market Watch 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.

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