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Letters
6 May 2018

Letter to EU Commissioners on supersonic aircraft

Dear Commissioners Bulc and Arias Cañete, Aviation entrepreneurs, assisted by NASA, are in the process of developing a new generation of supersonic business jets for launch early in the next decade. This will require the establishment of new environmental certification requirements, including those covering noise and CO2 emissions, as past regulations have lapsed and the…

Letters
27 Apr 2018

Carbon Market Watch recommendations for the Bonn Climate Change Conference (SB48)

Dear Respected Colleague, Ahead of the Bonn Climate Change Conference, Carbon Market Watch is pleased to share our recommendations as well as an overview of our upcoming event and recent publications (below). A new direction for the Sustainable Development Mechanism A zero-sum offsetting system is incompatible with the Paris spirit, there is hence no future…

Letters
10 Apr 2018

Letter: EU must support tackling vested interests at UN climate talks

For the world to reach the necessary ambition to achieve our climate commitments under the Paris Agreement, which would keep average global temperature rises well below 2°C and even 1.5°C, the EU, led by the European Commission, must start supporting efforts to tackle vested interests within the United Nations Framework Convention on Climate Change (UNFCCC). We,…

Briefings
20 Feb 2018

Briefing for the European Parliament environment committee on draft rules for global aviation offsetting mechanism

Joint briefing by Carbon Market Watch and Transport and Environment Overview The ICAO General Assembly, in October 2016, adopted an assembly resolution to establish a global offsetting mechanism for international aviation for emissions above 2020 levels (CORSIA). We have a number of concerns about this overall agreement: in particular the weak target and the exclusive…

Briefings
9 Feb 2018

Understanding the CORSIA Package – Report (ICSA)

Executive Summary Agreed in October 2016 by 191 countries in the UN International Civil Aviation Organization (ICAO), the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA)1 is the world’s first global market-based climate measure for a sector. While agreement to establish CORSIA was an important development, ICSA believes that it is only one component of the action…

Briefings
13 Nov 2017

Visibility Unlimited: Transparency of the new aviation carbon market

Executive summary A new offsetting scheme called the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) was established by the International Civil Aviation Organisation (ICAO) in 2016 to compensate for the industry’s emissions growth above 2020 levels. Although this measure will address less than a third of the sectors’ total expected emissions in 2030,…

Letters
3 Nov 2017

Carbon Market Watch recommendations for COP23

Dear Respected Colleague, Carbon Market Watch is pleased to share our SBSTA, SBI, and APA recommendations as well as an overview of our upcoming events and recent publications (below). Phase out Clean Development Mechanism (CDM) To reach the objectives of the Paris Agreement, it is essential to learn from past experience avoid the mistakes made with…

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…

Briefings
4 May 2017

Too big to fail? Environmental responsibilities of the UNFCCC and ICAO processes for aviation’s new carbon market

Last year, states created an offsetting scheme to compensate for aviation’s pollution growth above 2020 levels. The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) is supposed to contribute to the temperature goals of the Paris Agreement. However, compensating for growing emissions does not reduce emissions overall, nor put the sector on a pathway to do so. ICAO will finalize details for the CORSIA by the end of 2017. Crucial elements include the type of credits allowed, registry design, and Monitoring, Reporting and Verification (MRV) rules.

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).