News & Press

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
10 Sep 2012

Press Release: CDM High Level Panel’s recommendations do not deliver

Brussels, 10 Sept, 2012. Today the High-Level Panel for the Clean Development Mechanism (CDM) Policy Dialogue presented its final report with recommendations on how to improve the CDM. The report fails to address some of the fundamental flaws of the CDM, in particular how to address the large oversupply of credits that do not represent…

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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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