WatchThis!: New scheme could breathe life back into the CDM
June 2018 ⓒ 1st ed. Carbon Market Watch Network Digital Newsletter
(4 minutes read)
We are delighted to share with you the very first digital hub edition of the platform brings you content such as interviews with our network members, academics, and other experts, a space to promote your campaigns, upcoming events, articles, and more.
Over the years, we have worked together for justice, human rights and environmental integrity of climate projects under the UN’s offsetting scheme, the Clean Development Mechanism (CDM). From people on the ground to the international level, our cooperation has helped to shed light on the various problems related to the CDM, helping us get closer to transitioning away from the concept of offsetting, that does not contribute to climate protection and obscures real solutions.
Because our achievements were not a given, because they came from our collaborative actions, in this edition of the WatchThis! we not only want to share the network experiences but also highlight our common future objectives.
The international negotiations are currently underway at both UNFCCC and ICAO (International Civil Aviation Organization) to establish new mechanisms to mitigate climate change. There was little progress made at the last negotiating session in Bonn, and the next session in September will be crucial to ensure that negotiations start on the right foot in Katowice, where the Paris Agreement rulebook will be decided.
What does ICAO have to do with the CDM?
In 2021, a new offsetting scheme
Questions that we need to ask ourselves include: what happens if private companies are allowed to create their own carbon market? What will be the role of the civil society in keeping CORSIA in check, when it has been effectively excluded from participating in the scheme’s development?
Little is known about what the aviation sector plans to do to “tackle” its massive climate impact. We challenge you to test how much you know about it here:
All this means that we as civil society organisations have a lot of work ahead of us. We must, first of all, ensure that any projects used by airlines will respect human rights and protect the environment, and second of all to push for climate solutions that go beyond offsetting – a concept that is not compatible with the Paris Agreement climate goals.
CHECKLIST FOR FUTURE CLIMATE MECHANISMS: