News & Press

Carbon Market Watch News
5 Feb 2015

Success to agree on climate goals paramount for sustainable development goals

Fighting against climate change and fighting for sustainable development are two sides of the same coin – one will not prosper without the other. It must be made clear to world leaders shaping the new Sustainable Development Goals (SDGs), that without an ambitious climate goal, the post-2015 sustainable development agenda cannot reap success.

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Carbon Market Watch News
5 Feb 2015

Human rights council’s premises expected to deliver future climate treaty text

In less than one year, the world’s countries are expected to flesh out an agreement to address climate change and advert dangerous global warming. UN negotiators will meet for the first time in 2015 in Geneva with the goal to deliver a final negotiating text to form the basis for such a deal. This first session will also be significant because it will take place in the premises of the UN’s human rights council where UN delegates will have to find a solution to protect the world’s most vulnerable citizens from climate change while insuring their human rights.

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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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Carbon Market Watch News
25 Nov 2014

Reap what you sow: participation in a global carbon market should be limited to countries with ambitious climate targets

The role of future carbon markets will rank high on the agenda in Lima. Against the insufficient climate action pledges that have been made so far, a key issue in Lima will be to establish participation criteria that will only allow those countries with a mitigation target in line with the 2°C target to participate in international carbon markets.

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Carbon Market Watch News
25 Nov 2014

Current CDM projects are not fit for results based finance

The future role of the Clean Development Mechanism (CDM) in the 2015 climate treaty is likely to be very limited. CDM advocates have therefore started to look beyond traditional funds for offsets and are now eyeing at climate finance. However, the CDM in its current state does not provide environmental and social standards needed for climate action.

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Carbon Market Watch News
25 Nov 2014

To be or not to be: Is the EU’s 2030 climate pledge enough to participate in international carbon markets?

In October 2014 EU leaders agreed to at least 40% binding domestic greenhouse gas reduction target by 2030 compared to 1990. This significant move away from allowing the use of international offsets also puts into question the EU’s plans to link up carbon markets under a new climate treaty. Experience from the EU’s carbon market shows why international eligibility criteria for participation in the global carbon market are needed.

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Carbon Market Watch News
25 Nov 2014

Keeping the books on emission units

Accounting of emissions will be a cornerstone of a future climate treaty and is hugely important for the integrity of carbon markets as well as keeping us on track to limit global warming below 2°C. Lima will need to lay grounds for a rigorous accounting framework and robust unit quality requirements. It will also need to establish consistency to the ICAO process that is developing a global market based mechanism for aviation emissions.

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Carbon Market Watch News
25 Nov 2014

NOT SMART: climate smart agriculture in carbon markets

Proposals to include forests and land use activities in existing and new carbon markets will be discussed in Lima. But sequestration of carbon in land cannot compensate for continued fossil fuel emissions – fossil fuel emissions are permanent, whereas storing carbon in forests and soils is temporary and can be easily reversed by cutting down trees and ploughing fields.

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Carbon Market Watch News
29 Aug 2014

Deadly protests against Guatemala hydro dam leave questions over UN Board’s project approval

In June, the UN Board of the Clean Development Mechanism (CDM) approved the contentious hydroelectric project Santa Ritadespite serious concerns over human rights violations. On 15 August 2014, a repressive security operation against the Q’eqchies communities of Cobán, Chisec and Raxruha by more than 1500 national police officers led to the forceful eviction of some 160 families resulting in three deaths, 50 injured, and a negative mark on the mechanism’s future. Carbon Market Watch is now calling for a formal investigation of the repressive actions and for the CDM’s Board to implement a grievance mechanism for affected communities.

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