Pope Francis cautions against “carbon credits” as a quick and easy solution to avoid radical change and maintain excessive consumption of some countries and sectors. He is right, in that carbon offsetting and trading will not do the trick to keep us from using
18 June 2015, Brussels. As the European Commission is consulting on options to cost-effectively reduce emissions in sectors not covered by the EU ETS a new study finds that a wrong design could undermine reduction efforts in the transport, agriculture, buildings and waste sectors
A leaked European Commission document suggests that pollution subsidies to industry under the EU’s Emissions Trading Scheme will increase to around €150 billion after 2020. The subsidy is under consideration because some industry sectors claim that the EU’s carbon market puts them at a
Barro Blanco – a CDM approved hydro dam in Panama – has entered in its most critical phase, following back pedaling from the government of Panama and threats by European lenders. Indigenous people set a deadline for the project to be cancelled.
Currently, parties to the UNFCCC are meeting in Bonn for a new round of climate negotiations. One of the topics that is on the table is the review of the Modalities and Procedures of the Clean Development Mechanism (CDM). Parties are thereby discussing rather
With another round of UN climate talks underway in Bonn, uncertainty remains over the role that carbon markets will play in the Paris Protocol and accompanying decisions.
Carbon Market Watch will be closely following the UNFCCC negotiations from Bonn, Germany. The Bonn UNFCCC session kicks off real negotiations on the text agreed in Geneva in February. Those elements of the text that are agreed by Parties will become parts of the
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$50
The Dutch and German development banks, FMO and DEG, each invested 25 US$ million in the Barro Blanco hydropower project in Panama. In May 2014, the Movimiento 10 de Abril (M-10), representing indigenous peoples directly affected by the project, with the support of Both
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