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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
30 Nov 2015

Report: Using nature to pardon environmental pollution – Risks of agriculture sequestration carbon offsets

Agriculture supports the livelihoods of around a half of the world’s population, but is at the same time a notable source of greenhouse gas emissions (GHGs) driving climate change. As of one the options to tackle emissions in the sector, governments have been discussing to include additional agricultural activities into the Clean Development Mechanism (CDM) under the United Nations Climate Change Convention (UNFCCC) since 2011. Whether agricultural activities should be eligible for carbon offsetting programmes is not only topical within discussions in the UNFCCC but also within certain regional cap-and-trade schemes and discussions to establish a market based mechanism for international aviation emissions, expected to be adopted in October 2016 under the auspices of the International Civil Aviation Organization (ICAO).

Briefings
30 Nov 2015

Policy Brief: Fossil and biological carbon: a tonne is not a tonne

Whether biological carbon credit should be traded in carbon markets is topical, with discussions ongoing in the UNFCCC, ICAO and the California Cap-and-Trade system. To date, compliance markets have rejected the eligibility of biological carbon offsets. They are right to do so. Fossil and biological carbon operate on different parts of the carbon cycle, and on very different timescales. Fossil carbon is permanent; biological carbon is potentially and frequently subject to rapid fluxes, whether natural or manmade. For these reasons, offset credits from REDD+, afforestation and reforestation or other biological systems should not be treated as fungible with fossil carbon, but should instead be addressed through other, appropriate, policy measures.

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
25 Nov 2014

Views on the discussions on additional land use, land-use change and forestry activities (LULUCF) and specific alternative approaches to addressing the risk of non-permanence

Carbon Market Watch welcomes the opportunity to provide input on discussions on specific possible additional land use, land-use change and forestry activities and specific alternative approaches to addressing the risk of non-permanence under the Clean Development Mechanism (CDM).

Briefings
30 Oct 2014

Analysis of Europe’s 2030 Climate Ambition

During the night of 23 October 2014, EU leaders brokered a deal on the 2030 climate and energy headline targets. EU’s Heads of States settled on an EU-binding renewable energy target of at least 27%, an indicative energy efficiency target of at least 27% and an at least 40% binding domestic greenhouse gas reduction target…

Briefings
21 Mar 2013

Guest Commentary Umwelt Aktuell: Das Spiel mit Emissionsgutschriften in Europa: verspielt?

Viel zu viele Emissionsgutschriften treiben die Preise für CO2 in den Keller und untergraben die EU -Klimaziele. Daher müssen die Mitgliedstaaten qualitative Einschränkungen fordern, sagt Eva Filzmoser von Carbon Market Watch. Guest commentary at umwelt aktuell, February 2013

Briefings
21 Dec 2012

Carbon Market Watch Analysis COP-18: We won a game of poker on the Titanic!

Much to our regret, countries who met at COP18 in Doha did little to address the billion tonne gap we need to close in order to keep us safe from catastrophic climate effects: No new mitigation pledges were made and most loopholes remain. Yet, some positive decisions were taken: Parties did agree that no new hot air should be created in the next Kyoto commitment period and that only a limited amount of the 13 billion tonnes of Hot Air from the first commitment period can be used.

Briefings
25 Jul 2012

Summary of the 68th CDM Executive Board Meeting

Highlights of the CDM Executive Board 68th meeting The following report is a short summary of the most relevant outcomes of the last CDM Executive Board meeting, held in Bonn from 16-20 July 2012. This summary provides information about key decisions taken at the meeting and includes our comments. The 68th meeting was an important…

Briefings
29 Sep 2011

Summary of the 63rd CDM Executive Board Meeting

CDM Watch summarizes the most relevant outcomes of the last CDM Executive Board meeting. The 64th Board meeting will be held 24‐26 October 2011, less than a month from now and the 65th meeting will be just ahead of the COP in Durban, 21‐25 November 2011. We added links to relevant documents as possible and we welcome your…