News & Press

Action
1 Apr 2016

Take-off Toolkit: Acting on Aviation Emissions

Background In October this year, member countries of the UN’s International Civil Aviation Organization (ICAO) will decide what role the aviation sector should play in tackling climate change. As this will be the first important milestone in tackling aviation emissions, civil society must play a decisive role in lobbying for stringent rules, ambitious targets, and…

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Carbon Market Watch News
16 Mar 2016

Green Climate Fund under pressure after accrediting contested banks

Despite strong opposition from the civil society, the Green Climate Fund (GCF) Board last week in Songdo accredited two entities – HSBC and Crédit Agricole – that have been contested for money laundering, investment in fossil fuel and poor protection of human and environmental rights. This unveils the double standard poor track record plays in accrediting big or small entities.

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Carbon Market Watch News
4 Feb 2016

Direction of aviation’s market based mechanism still up in the air

“Thank God men cannot fly, and lay waste the sky as well as the earth.” ― Henry David Thoreau Unfortunately for Thoreau, humans did conquer the skies, and aviation is now a significant contributor to climate change, contributing more CO2 to the atmosphere in 2014 than the combined emissions of the 129 lowest emitting countries[i]….

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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

New aviation reports add pressure to address airline emissions

The International Civil Aviation Organization (ICAO) is busy developing a new market-based mechanism that will allow it to buy offsets to achieve the goal of limiting emissions to 2020 levels, despite rapid growth in the industry. In parallel, it has standards that aim to increase the fuel efficiency of aircraft. In 2010, ICAO agreed to achieve an annual 2% average fuel efficiency improvement to 2020. However, two new reports (links below) show that this goal is not yet being met, undermining the aviation industry’s need to reduce emissions.

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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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Carbon Market Watch News
1 Jul 2015

NEWS: NAMIGMA! – Unraveling the secrets of NAMAs (Nationally Appropriate Mitigation Actions)

For many stakeholders working on climate mitigation, the emerging concept of NAMA (Nationally Appropriate Mitigation Actions) remains an enigma. Carbon Market Watch’s upcoming webinar “What are NAMAs and how can civil society organisations benefit from them?” aims to open the door to the many unanswered questions on how NAMAs work and what is the role of public participation in order to empower civil society to contribute and gain from the process.

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