News & Press

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
9 Jun 2015

NEWS: Review of the CDM rules at the Bonn intersessions

Currently, parties to the UNFCCC are meeting in Bonn for a new round of climate negotiations. One of the topics that is on the table is the review of the Modalities and Procedures of the Clean Development Mechanism (CDM). Parties are thereby discussing rather “light” issues and shy away from more conflicting topics. But, when turning a blind eye on the necessity for more controversial themes, such as the establishment of a grievance mechanism, the review of the Modalities and Procedures may fall behind its great potential to improve the CDM for the future.

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Carbon Market Watch News
4 May 2015

NEWS: Growing expectations on EU ministers to promote aviation mitigation

The inclusion of international flights into the EU’s carbon market was one factor that created momentum for a global, rather than regional, measure to address aviation emissions. Recognizing Europe’s potential importance in the ongoing negotiations towards a global market based measure, open letters from fifteen NGOs across Europe were sent to EU’s transport and environment/climate ministers, calling on them to step up in promoting emissions reductions from aviation – a fast-growing and polluting sector.

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Carbon Market Watch News
2 Apr 2015

News: Global Aviation Dialogue meetings add pressure to address aviation emissions

The International Civil Aviation Organization (ICAO) intends to adopt a global market-based mechanism to reduce emissions from international aviation at its 2016 meeting. A series of regional workshops – Global Aviation Dialogs, or GLADs – over the month of April will put political discussions on this process into the next gear. Given the slow pace and lack of ambition so far, the upcoming GLADs will provide the opportunity for EU countries to start aligning positions to ensure that a future mechanisms does what it is set out to do and is not merely a greenwash for the aviation industry.

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Carbon Market Watch News
2 Apr 2015

European Parliament discusses human rights dimension of EU’s climate finance contributions

Last week in an event in the European Parliament, various stakeholders discussed experiences with existing climate mechanisms against the future climate finance policy landscape, where potentially huge amounts of climate finance will not only be channeled through the Green Climate Fund (GCF) but also through bilateral agreements and other instruments where it is still unclear what types of safeguards and compliance mechanisms will be applicable and how the respective public and private stakeholders involved will be accountable.

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Carbon Market Watch News
25 Feb 2015

European Commission publishes vision on the Paris Protocol to tackle climate change

Today, the European Commission (EC) has published a first glimpse of the mitigation contributions the EU intends to contribute to the Paris Protocol. The Communication launched today entitled “The Paris Protocol – A blueprint for tackling global climate change beyond 2020” includes a proposal for the EU’s proposed Intended Nationally Determined Contribution (INDCs) prepared in…

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Carbon Market Watch News
5 Feb 2015

Carbon offsetting projects challenged over their sustainability impacts

In Lima, Carbon Market Watch together with local Indian launched the ‘CDM Benefit Tracker India’, an interactive map that compares the sustainable development objectives outlined in CDM project application documents with eye witness accounts from local communities. Project owners have now been invited to comment on the results that find severe discrepancies between claims and local realities.

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