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Annual reports
28 May 2020

Annual Report 2019

Foreword 2019 was an exciting and full year for Carbon Market Watch (CMW). On the wings of the global youth movement asking for better climate protection, the issue of climate change gained prominence it had never achieved before. It was finally brought to the attention of policymakers in a manner that will hopefully be sustained…

Letters
25 May 2020

Carbon market stakeholder letter to ICAO Council

The letter was updated on 27 May with a new signature Dear ICAO Council members, The ongoing global health crisis has led to a drop in air traffic which in turn has already caused tremendous economic hardship for the aviation sector’s workers. This situation has also led to a drop in CO2 emissions from international…

Briefings
7 May 2020

Never Wasting a Crisis: Industry Climate Lobbying During the COVID-19 Pandemic Exposed

Summary: This briefing counters industry attempts to use the coronavirus pandemic as a pretext to weaken international, European and national climate and carbon pricing laws. It debunks myths and provides policy recommendations to decision-makers. The examples include large polluters pushing for delays in implementing the EU Green Deal and national climate policies and airlines aiming…

Briefings
30 Mar 2020

Six lessons from ICAO’s carbon market expert group report

In a recent report, the Technical Advisory Body (TAB) outlines restrictions for the types of carbon offsets that can be used by airlines under the new aviation carbon market CORSIA. The report provides valuable lessons for the Article 6 negotiations under the Paris Agreement. Summary of lessons for the Article 6 negotiations:  Old credits should…

Briefings
13 Feb 2020

What will airlines buy to offset their pollution?

TODAY’S SUPPLY OF CARBON CREDITS AND TOMORROW’S DEMAND FROM CORSIA Carbon Market Watch Factsheet Summary The concern that too few credits will be available to meet demand from airlines under the future aviation carbon market CORSIA is misplaced. Today’s supply from the three largest voluntary programmes alone is enough to cover CORSIA’s demand until well…

Letters
13 Feb 2020

ICSA letter to the ICAO Council on CORSIA offset programme eligibility

Dear Council Members, The decisions you make next month on emissions unit and emissions unit program eligibility for ICAO’S Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) – and the transparency with which you make these – put the credibility of aviation’s climate efforts in the global spotlight. Aviation is facing unprecedented challenges, with…

Briefings
2 Dec 2019

Empty targets? How to avoid trading of hot air under the Paris Agreement

Executive summary A very large number of carbon credits has been created through the three carbon markets of the Kyoto Protocol: the Clean Development Mechanism (CDM), Joint Implementation (JI) and International Emissions Trading (IET). It is unclear what will happen to these mechanisms in the future and whether these old credits will be used under…

Briefings
2 Dec 2019

How to keep hot air out of the Paris Agreement – technical proposal

This document is addressed to Article 6 negotiators and Heads of Delegations at COP25, and proposes a detailed and structured text to address the issues described in the briefing “Empty targets? How to avoid the trading of hot air under the Paris Agreement”. Key numbers from the briefing: ● The potential supply of available CERs…

Policy Submissions
18 Nov 2019

Carbon Market Watch’s briefing note for COP25

Dear respected colleague, Ahead of COP25, Carbon Market Watch is pleased to share our recommendations and recent publications. Strong rules to avoid double-counting of emission reductions There is a significant risk that emission reductions under the Paris Agreement could be counted towards two or more climate commitments which would water down efforts to stop the…

Letters
14 Nov 2019

Letter on transparency to the ICAO Council and the Technical Advisory Body

Letter from the International Coalition for Sustainable Aviation to International Civil Aviation Organisation (ICAO) Council Members and the Technical Advisory Body (TAB) regarding the transparency of the TAB’s offset programme eligibility assessment.  Dear Members of the ICAO Council, Dear Members of the Technical Advisory Body, The decision on which offset programmes should be recognised as…