News & Press

Press release
7 Oct 2015

Media Advisory: Carbon leakage myth buster

The concept of “carbon leakage” is a major area of discussion in the legislative proposal to revise the EU’s Emissions Trading System (EU ETS) for the post-2020 period. The Commission’s proposal continues the trend of awarding free allowances, effectively representing a financial subsidy of €160 billion, to heavy emitters without providing evidence for the need of such beneficial treatment. A new Carbon Market Watch policy briefing “Carbon leakage myth buster” brings the ongoing discussions on carbon leakage back to the facts.

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Press release
2 Jun 2015

MEDIA STATEMENT: Independent report finds Dutch and German development banks failed to comply with environmental and human rights standards in financing the Barro Blanco dam in Panama

Kiad, Panama/Amsterdam/Bogota – Last Friday, a long-awaited report by an independent panel found that FMO and DEG, the Dutch and German development banks, violated their own policies by failing to adequately assess the risks to indigenous rights and the environment before approving a US$50 million loan to GENISA, the developer of the Barro Blanco hydroelectric project in Panama. FMO and DEG’s response to the findings, while acknowledging some deficiencies in their assessment, does not commit to any measures to address the outstanding policy violations. Even while the report concludes that “the lenders have not taken the resistance of the affected communities seriously enough,” it appears that FMO and DEG continue to do so.

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Press release
6 May 2015

Media Statement: EU policymakers agree on carbon market fix

6 May 2015, Brussels. European policymakers provisionally agreed to start implementing the reform of the EU’s Emissions Trading System on 1 January 2019 and put the pollution permits that were due to come back to the market by 2020 directly into the new Market Stability Reserve. Carbon Market Watch welcomes this first step to fix the EU’s carbon market but cautions that the upcoming revision of the EU ETS will need to permanently tackle the glut of pollution permits.

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Press release
5 May 2015

Media Statement: New report shows risks of linking carbon markets may outweigh benefits

5 May 2015, Brussels. As the EU and Switzerland are about to conclude negotiations to link the EU and the Swiss carbon markets, a new report shows that benefits of linking carbon markets may be outweighed by the risks, such as reduced overall emissions abatement, lower domestic investments and co-benefits as well as a loss of public funds. The report also finds concerns about public participation and transparency provisions and provides recommendations for the EU ETS revision.

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Press release
24 Feb 2015

European Parliament takes a step to knock out Europe’s toxic tonnes…later than sooner

Brussels 24 February. Today the European Parliament’s environment committee took the first steps to reform the EU’s Emissions Trading System. Following intense pressure from forward looking investors and civil society, policymakers agreed to curb the total amount of pollution permits in the system that would otherwise flood the market by 2020. This is expected to result in a stronger carbon price signal in order to let the polluter pay and support climate friendly investments in Europe. Policymakers unfortunately failed to agree to a timely start of the new Market Stability Reserve which will only become operational by 2019.

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Press release
10 Feb 2015

Proyecto Barro Blanco, registrado bajo el Mecanismo de Desarrollo Limpio de la ONU, es suspendido por incumplimiento con su Evaluación de Impacto Ambiental

Ciudad de Panamá, Panamá y Ginebra, Suiza. En una decisión histórica, la Autoridad Nacional del Ambiente (ANAM) de Panamá ordenó ayer la suspensión temporal de la construcción del proyecto hidroeléctrico Barro Blanco debido al incumplimiento con su Evaluación de Impacto Ambiental. La represa fue registrada bajo el Mecanismo de Desarrollo Limpio (MDL) de la ONU pese a que amenaza con inundar el territorio de las comunidades Ngäbe Buglé.

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Press release
10 Feb 2015

UN registered Barro Blanco Hydroelectric Dam temporarily suspended over non-compliance with Environmental Impact Assessment

PANAMA CITY, Panama and GENEVA, Switzerland In a landmark decision, Panama’s National Environmental Authority (ANAM) temporarily suspended the construction of the Barro Blanco hydroelectric dam yesterday over non-compliance with its Environmental Impact Assessment (EIA). The dam was approved by the UN Clean Development Mechanism (CDM) despite risks of flooding to the territory of the indigenous Ngäbe Bugle communities.

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Press release
17 Dec 2014

Press Release: New report shows carbon offsets from Alberta’s tar sands jeopardize EU fuel quality rules

Brussels, 17 December 2014. Today, the European Parliament adopted the proposal to implement the Fuel Quality Directive (FQD), opening doors for the use of offsets associated with Alberta’s tar sands. A report launched today shows how the oil companies’ lobby succeeded in watering down the measure, allowing their activities in Alberta’s tar sands to count towards achieving their EU decarbonisation obligations.

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Press release
8 Dec 2014

Press Advisory: Carbon Offsetting Benefit Tracker launched to showcase local reality of CDM projects

Brussels/Lima 8 December 2014, today the ‘CDM Benefit Tracker India’ will be launched in Lima, Peru. The Tracker compares eye witness accounts of local communities with sustainability objectives of CDM projects and finds severe discrepancies between claims and local realities. Local groups are now calling on countries in Lima to establish monitoring and verification provisions…

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