Last week, the European Commission released data about the 2012 use of offset credits in its Emission Trading Scheme (EU ETS). A large part of offset credits are from heavily criticised Joint Implementation projects and large-scale power plants under the Clean Development Mechanism. Carbon
International organizations welcome the World Bank Ombudsman´s initiative to scrutinize an investment project of the International Finance Corporation due to allegations of human rights violations of peasant communities in the Lower Aguán valley, Honduras, and demand immediate halt to the project. See the international
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
Brussels, 19 February 2013. Along with European environmental NGOs Climate Action Network (CAN) Europe, Greenpeace and WWF, Carbon Market Watch welcomes the European Parliament Environment Committee’s support for the proposal to temporarily curb the oversupply of emission allowances in the EU emissions trading scheme
Brussels, 16 November 2012. Today, CDM Watch was re-launched as Carbon Market Watch to expand its activities for scrutinizing a wider range of carbon market schemes. Visit the new website at www.carbonmarketwatch.org. The launch of Carbon Market Watch was inspired by the rapid development
Brussels, 14 November 2012. Today, the European Commission published “The state of the European carbon market in 2012”. The report estimates the EU Emissions Trading Scheme (ETS) is oversupplied by up to 2 billion allowances. International offset credits account for three quarters or more
Brussels, 26 October 2012. Yesterday, European Environment Ministers failed to agree on a solution on how to deal with the 13 billion surplus of emission reduction permits from the first Kyoto commitment period. CDM Watch is dismayed that the EU failed to agree to
Brussels, 24 October 2012. Tomorrow, EU Environment Ministers must find a common position to stop the gigantic handover of emissions allowances under the Kyoto Protocol which threatens the viability of any future climate deal. In open letters to all 27 Environment Ministers, more than
Brussels, 13 September 2012. This week the Executive Board of the Clean Development Mechanism (CDM) decided to reward the construction of new coal power plants with carbon credits, overruling recommendations by its own technical experts. Board members also strongly opposed improvements that would reduce
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