News & Press

Carbon Market Watch News
11 Feb 2012

Swedish involvement in Indian hydro CDM questioned (Newsletter #18)

Guest Article by Jens Holm, Member of Parliament (Left Party), Sweden Large-scale World Bank hydro power project, non-additional, far-reaching effects on the local environment, local opposition and no compensation for the affected local community. That is in sum the hydro electric power CDM-project Rampur, Himachal Pradesh, Northern India. The Rampur hydroelectric power project is a…

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Carbon Market Watch News
11 Feb 2012

CDM Watch Durban assessment (Newsletter #18)

This is an overview of the most important carbon market-related decisions that were taken (or not taken) in Durban. Durban has come and gone. Almost 13,000 people, including delegations from over 190 nations, civil society organisations, environmental NGOs and business representatives met in Durban, South Africa to have their say at the 17th climate negotiations…

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Carbon Market Watch News
11 Feb 2012

Loopholes (Newsletter #18)

Our recent CDM Watch briefing paper looked at the cumulative impact of loopholes on emission reduction pledges countries have made. Our calculations show that pledges are small enough to fall right through current loopholes. Without swift action, we’re heading off the path of 2 degrees warming and hurtling towards 4 degrees of warming. We like…

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Press release
8 Dec 2011

Press Release: Loopholes Undermine Viability of Climate Regime

Durban, South Africa. As countries are negotiating a new global climate regime, a CDM Watch paper released today calls for immediate action to close loopholes in the rules under the current climate regime. The policy brief shows that the flawed rules could easily negate the reduction pledges developed countries have made for 2020 and in the worst case, even undermine a third commitment period.

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Press release
24 Nov 2011

Press Release: Pressure on EU mounts as UNFCCC suspends flawed rules for coal offsetting projects

Durban, South Africa. In a crucial move, the UN’s Clean Development Mechanism (CDM) Executive Board yesterday suspended coal power offsetting projects because the rules used to calculate emission reductions cause artificial carbon credits. Pressure on the EU is mounting to call for a ban of these projects at the climate change conference starting next week in Durban.

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Press release
3 Nov 2011

Press Release: New Study Finds CDM Coal Projects Undermine Climate Goals while Receiving Billions in Climate Finance

Brussels. A study released today identifies deep systematic flaws in the crediting rules of coal plants under the Clean Development Mechanism (CDM). The research also shows that they do not reduce emissions compared to business as usual but could earn 451 million artificial carbon credits by 2020 and claim billions of Euros in climate finance. CDM Watch calls for the removal of this project type from the CDM.

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Press release
19 Sep 2011

Press Release: Large hydro project in India under scrutiny – Wikileaks puts integrity of UN carbon offsetting scheme under question

Brussels. CDM Watch and International Rivers call on the CDM Executive Board to reject the mega Rampur Hydroelectric Project in India from receiving CDM carbon credits because it does not comply with essential CDM requirements. They also call on the Swedish Energy Agency, as a party involved in the project, to prove compliance with World Commission of Dams criteria.

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Carbon Market Watch News
11 Sep 2011

Upcoming Event @ EU Parliament (Newsletter #16)

CDM Watch and Sandbag are organising a lunch debate on September 21, 2011 with members of the European Parliament. The focus of discussion will be whether contentious project types in the CDM undermine European climate goals. The European Union (EU) can achieve half of its greenhouse gas emission reductions by using CDM offset credits. The…

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Press release
18 Jul 2011

Press Release: EU action required as UN Panel keeps flawed rules of carbon offsetting scheme in place

Brussels/Washington. The UN´s CDM Executive Board has once again failed to address flawed rules of controversial coal and HFC-23 projects. Environmental groups are now calling on the European Union to ban carbon credits from coal projects in the EU´s Emissions Trading Scheme. The groups also call for additional safeguards to exclude credits from projects linked to human rights abuses.

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