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Briefings
20 Nov 2015

Recommendations related to the role of carbon markets in the Paris Agreement

Only very few countries have outlined in their Intended Nationally Determined Contributions (INDCs) that they will use international trading as a means to help achieve their climate goals. However, despite the limited role of markets expressed by most industrialised countries in their INDCs, such as the EU and the US, the political reality regarding domestic carbon pricing schemes looks different: jurisdictions responsible for 40% of the global economy have already implemented carbon pricing mechanisms.

Policy Submissions
12 Apr 2012

Submission to the European Commission on “Including maritime transport emissions in the EU’s greenhouse gas reduction commitment”

CDM Watch welcomes this opportunity for input and stresses the need for the EU to act promptly and address shipping emissions in the EU to halt climate change below 2°C while it needs to take responsibility as a climate leader and influential party in the development of future international climate systems. Often EU’s decisions have served as blueprints for decisions on UN level. We believe that any legislation including shipping in the EU’s climate policy must reflect the best possible option capable to deliver real reductions within the sector first and with the highest possible environmental integrity while delivering real contribution to sustainable development. Our main comments include: 1) no international credits should be allowed into a maritime sector, 2) revenues for climate finance for abatement in the maritime sector should not come from selling international offsets and 3) at least 50% of revenues should be directed to the Green Climate Fund.