News & Press

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
8 May 2013

Press Release: New offset credit data shows record use of dubious carbon credits; Norway backs away from wind and hydro offset credits

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 Market Watch calls for use restrictions of substandard carbon credits. Norway has been the first country to announce transitioning away from wind and hydro projects this year.

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Press release
26 Oct 2012

Press Statement: EU Member States fail to agree on eliminating 13 billion Kyoto surplus, squander opportunity for real climate action

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 a common position to address the 13 billion surplus of emission…

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Press release
24 Oct 2012

Press Release: Environmental groups call on EU Ministers to eliminate ‘hot air’ pollution permits to save a future climate deal

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 30 environmental groups have called for a common EU position to…

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Press release
13 Sep 2012

Press Release: Against Own Technical Advice, UN decides to subsidize, remove safeguards, for dirty coal power plants

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 the considerable quality problems of CDM carbon credits. These decisions will…

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Press release
13 Sep 2012

Press Release: New study shows Kyoto Protocol surplus of emission permits threatens future climate deal

Brussels, Sept 13, 2012. Current Kyoto Protocol rules allow rich countries to continue to emit greenhouse gases on a business-as-usual trajectory while  accumulating  over 17 billion tonnes of surplus emission reduction permits by 2020, a new study shows. This astronomical surplus threatens the viability of any future climate deal. At the UNFCCC negotiations in Bangkok…

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Press release
2 Aug 2012

Press Release: New study shows loopholes could nullify climate commitments

Brussels, Aug 2, 2012. Countries have less than six months left to close the gigantic loophole that threatens the viability of new climate regimes. The Kyoto Protocol surplus allowance issue needs to be resolved otherwise climate commitments until 2020 could be nullified, a new peer-reviewed study shows. The EU, who so far has remained silent…

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Press release
23 Jul 2012

Press Release: UN Body decision marks end for dirty carbon credits from coal power in the EU emissions trading scheme

Washington D.C., Brussels, 23 July 2012. The United Nations Clean Development Mechanism (CDM) Executive Board has taken a significant step towards a major victory against propping up the dirty, carbon intensive coal industry. In a meeting last week, the CDM Executive Board requested yet another round of scrutiny of the set of rules that would allow coal power plants in India and China to receive carbon credits.

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Press release
7 May 2012

Press Release: New rules for coal offsetting projects still severely flawed

Bonn, Germany, 7 May. The UN’s Clean Development Mechanism (CDM) Executive Board will discuss this week whether to approve revised rules on coal power offsetting projects. NGOs are urging the Board to reject the revision because they do not address crucial technical flaws. The revisions also fail to address the severe harm new coal projects…

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