News & Press

Press release
5 Mar 2013

Press statement: International organizations welcome World Bank Ombudsman´s initiative to scrutinize investment project in Bajo Aguán, Honduras

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 statement here. However, a similar project at the same location remains…

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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
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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