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Briefings
22 Dec 2015

Paris outcomes: Carbon Market Watch Analysis of COP 21

From 30 November to 12 December 2015, Parties to the UNFCCC met in Paris to negotiate a new global climate treaty.

The Paris Agreement was a remarkable outcome, especially after the failures of Copenhagen. Almost all involved, including Carbon Market Watch, seemed surprised at how positive the outcome was. However, expectations had been carefully managed in the preceding years, so that aspirations of environmentalists to have a treaty that reflected the scientific reality by dividing up the remaining global carbon budget, had been downplayed into unreality.

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.

Briefings
27 Oct 2015

Policy Brief: Aviation’s Credibility on Environmental Integrity

ICAO is developing a Global Market Based Mechanism to achieve the goal of carbon neutral growth in the industry post-2020. Work is currently in progress to define which credits should be eligible to be used as offsets in this market.

Briefings
21 Apr 2015

Briefing: Aviation and Climate Change

Climate change is happening. Global average temperatures have already increased by 0.8ºC above preindustrial levels. Current trends imply a warming of 2.9-5.2ºC by the end of the century, which, even at the low end of the range, will cause great impacts on the planet and threaten many areas of human life, including health, food security, economic growth, societal change, and drinking water. 2015 is a key year for global efforts to combat climate change and keep warming under 2ºC, the warming limit agreed in the UN Framework Convention on Climate Change negotiations.

Briefings
7 Jun 2013

Policy Brief – Turbulence Ahead: Market Based Measures to reduce Aviation Emissions

Air travel accounts for 5-14% of global climate emissions and is growing rapidly. Nevertheless, aviation emissions remain unregulated. Pressure is mounting on the International Civil Aviation Organization (ICAO) to agree to a mechanism to reduce aviation emissions during their next triennial Assembly in September 2013. The aviation sector must reduce its emissions if we are to protect ourselves from severe climate disruption.

Briefings
5 Jun 2013

Policy Brief – International Aviation: Addressing emissions while respecting equity issues

Science tells us that aviation accounts for about 5% of global greenhouse gas (GHG) emissions because of the CO2 that is emitted when jet fuel is burned. But aviation not only causes global warming through CO2 emissions, other factors, such as contrails and cirrus clouds also lead to significant warming. If all these factors are taken into account, aviation may currently be responsible for up to 14% of man-made climate change (Lee et al., 2009).

Briefings
27 Feb 2013

CAN-International Position on Market-based Measures (MBMs) for International Aviation

CAN-I position paper on Market-based measure for international aviation including recommendations for quality restrictions for offset credits.

Briefings
22 Jan 2013

Briefing Note for ICAO: Carbon Offsetting – Do’s and Don’ts

The International Civil Aviation Organisation (ICAO) is currently developing a global market-based measure to address greenhouse gas emissions from international aviation. An agreement is expected in September 2013 at ICAO’s triennial Assembly. A group of experts was established in 2012 to provide technical advice to ICAO’s Council. The group’s technical suggestions now include a mandatory…

Briefings
23 Feb 2012

CDM Watch Summary of the European Commission Study on the Integrity of the Clean Development Mechanism

In December 2011, the European Commission published the “Study on the integrity of the Clean Development Mechanism”[1]. Under European Commission contract, this study was carried out by AEA, the Stockholm Environment Institute (SEI), the Centre for European Policy Studies (CEPS) and CO2logic. The study consists of one final report presenting the findings of seven accompanying briefing papers. The objectives of this study were to develop an in-depth understanding on the current CDM system (its merits and shortcomings) and options for reform as well as potential alternative mechanisms and their impacts.

Briefings
21 Feb 2012

Policy Brief: Hydro Power Projects in the CDM

The Clean Development Mechanism (CDM) was designed to bring clean and sustainable development to poor countries while enabling rich countries to achieve their emissions reductions cost efficiently. Hydro power makes up 30% of all carbon offsets projects registered under the CDM. Despite delivering renewable energy, these projects have faced sharp criticism for their failure to reduce emissions and for negative social and environmental impacts.