News & Press

News
25 Nov 2014

Keeping the books on emission units

Accounting of emissions will be a cornerstone of a future climate treaty and is hugely important for the integrity of carbon markets as well as keeping us on track to limit global warming below 2°C. Lima will need to lay grounds for a rigorous accounting framework and robust unit quality requirements. It will also need to establish consistency to the ICAO process that is developing a global market based mechanism for aviation emissions.

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News
25 Nov 2014

NOT SMART: climate smart agriculture in carbon markets

Proposals to include forests and land use activities in existing and new carbon markets will be discussed in Lima. But sequestration of carbon in land cannot compensate for continued fossil fuel emissions – fossil fuel emissions are permanent, whereas storing carbon in forests and soils is temporary and can be easily reversed by cutting down trees and ploughing fields.

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Press release
21 Mar 2014

Press Statement: Carbon Market Watch welcomes today’s vote in the European Parliament which rejects a weak deal on aviation emissions trading

19 March 2014, Brussels – Today, the Environment and Public Health Committee (ENVI) in the European Parliament voted against a deal that would have extended the derogation for intercontinental flights from the EU Emissions Trading Scheme. Carbon Market Watch welcomes the rejection of this bad deal for the climate and calls on the Parliament’s plenary to follow suit on 3 April at the plenary vote.

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Press release
7 Jun 2013

Press Release: New data shows airlines favour industrial gas projects to offset emissions

Last week, the International Air Transport Association (IATA) called on the International Civil Aviation Organisation (ICAO) Assembly to agree on a global carbon offsetting scheme to take effect in 2020. Recent data by the European Commission reveals for the first time the choice of offsets used by airlines during the first compliance period in the European Emissions Trading Scheme (EU ETS). The data shows that in 2012 airlines favoured using offset credits from HFC-23 and N2O industrial gas destruction projects, credits meanwhile banned in the EU ETS. NGOs demand a limited access and strict quality restrictions for any future global offsetting mechanism under ICAO.

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Press release
26 Feb 2013

Press Statement: European Parliament’s Environment Committee rejects allowing more offsets for aviation industry

Brussels, 26 February 2013. Today, the European Parliament’s Environment Committee voted in support of the EU Commission’s “Stop-the-Clock” proposal which derogates flights to and from Europe from the EU Emissions Trading Scheme (EU ETS) for one year to give enough time to negotiate a global agreement for addressing emissions from international aviation by autumn 2013….

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News
16 Nov 2012

Farewell CDM Watch – Welcome Carbon Market Watch! (Newsletter #1)

See Newsletter #1, November 2012 After an eventful three years, it is time to say farewell to CDM Watch and welcome Carbon Market Watch! From November 2012 Carbon Market Watch will continue the activities of CDM Watch and expand further to other carbon market initiatives. In the future, Carbon Market Watch will also scrutinise new…

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News
8 May 2012

Preview of the Climate Negotiations in Bonn (Newsletter #19)

The next climate negotiations will take place between 14-25 May in Bonn, Germany. CDM Watch will be there to advocate for environmental and social integrity in carbon markets. Here is a summary of the relevant issues that will be discussed in Bonn. New Market Mechanisms At the climate negotiations in Durban in November 2011 countries…

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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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