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Briefings
10 Mar 2020

A new European Industrial Strategy

Ten top asks from WWF and Carbon Market Watch The EU Industrial Strategy is the first sector-specific plan to be published since the European Green Deal announcement. The Strategy is the opportunity to set the EU economy in the direction of climate neutrality, as proposed under the EU Climate Law. It is a chance to…

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…

Briefings
14 Jun 2019

Carbon markets 101 – the ultimate guide to global offsetting mechanisms

Introduction This briefing gives an overview of the current discussions under Article 6 of the Paris Agreement which establishes the foundation for market-based climate measures after 2020. It lays out key lessons from the Kyoto Protocol markets, highlights essential issues within the Article 6 negotiations, and provides recommendations on how to solve them. It concludes…

Briefings
29 Oct 2018

The Clean Development Mechanism: Local Impacts of a Global System

Executive Summary The Clean Development Mechanism (CDM) was set up under the 1997 Kyoto Protocol to allow developed countries to buy emissions reductions from developing countries in the form of credits, called Certified Emissions Reductions (CERs). The objectives of the CDM are to help developed countries achieve their climate commitment and to assist developing countries in achieving sustainable…

Briefings
31 Aug 2018

Reconciling CORSIA and the Sustainable Development Mechanism

Executive Summary The Paris Agreement breaks away from the division of “developed” vs. “developing” countries which was enshrined in the Kyoto Protocol. It sets a new dynamic which will inevitably impact the next generation of carbon markets. It further sets new objectives for these mechanisms, such as contributing to overall mitigation of global GHG emissions and…

Briefings
20 Sep 2017

Pricing carbon to achieve the Paris goals

Executive Summary Putting a price on carbon, based on the polluter pays principle, has the potential to be a powerful policy tool to reduce greenhouse gas emissions in the fight against climate change. A carbon price can come in the form of a tax or a cap and trade system. With a tax, the price of polluting…

Annual reports
29 Jun 2017

Annual Report 2016

FOREWORD 2016 was a year that shook the world and the European Union in particular. The new hope for multilateral climate cooperation under the 2015 Paris agreement received a blow with the election of a climate denier to the White House. The European Union, as an ongoing project for peace and prosperity, was shaken by a Brexit referendum…

Briefings
4 May 2017

Building blocks for a robust Sustainable Development Mechanism

The Paris Agreement marks a new era for international climate action in general, and specifically for international carbon markets. Though the agreement does not mention markets per se, Article 6 paragraph 4 establishes what has become to be known as the Sustainable Development Mechanism (SDM) which builds on and shares some features of the Kyoto flexible mechanisms namely the Clean Development Mechanism (CDM) and Joint Implementation (JI).

Briefings
19 Apr 2017

CLARA Briefing – Climate Action in the Land Sector: Treading carefully

This briefing, published by the Climate, Land, Ambition and Rights Alliance – CLARA –, has been endorsed by Carbon Market Watch. Executive Summary Climate action must be urgently scaled up to limit global warming. Action in the land sector is critical and necessary for achieving the Paris Agreement’s goal of limiting planetary warming to 1.5°…