European Parliament committee calls for higher ambition in EU’s carbon market reform

The first committee of the European Parliament to cast an opinion on the revision of the EU’s carbon market this week voted for more climate ambition and the establishment of an international climate action fund. A majority of members of the development committee supported an increase in the rate by which emissions are cut each …

How EU’s carbon market can scale up international climate finance – Copy

Scroll down for French and Spanish The EU can use its Emission Trading System (ETS) to provide an innovative and substantial source of international climate finance much needed in developing countries. The ongoing EU ETS revision provides a great opportunity to establish a new ETS International Climate Action Reserve, which could channel over €3 billion …

How EU’s carbon market can scale up international climate finance

Scroll down for French and Spanish The EU can use its Emission Trading System (ETS) to provide an innovative and substantial source of international climate finance much needed in developing countries. The ongoing EU ETS revision provides a great opportunity to establish a new ETS International Climate Action Reserve, which could channel over €3 billion …

Open letter to Members of the Development Committee of the European Parliament on the revision of the EU ETS

Dear Members of the European Parliament’s Development Committee, We, the undersigned, representing 60 networks and organizations from 23 countries, call on you to adopt an ambitious opinion on the revision of the European Union Emission Trading System (EU ETS), that will reflect the importance of taking into account the perspective of most vulnerable countries to …

Civil society workshop on climate finance developments

10 May 2016, 10.00-16.45 (CET), Mundo B, Fair Trade Room, Brussels AGENDA  9.30-10.00: Arrival, coffee & tea 10.00 -13.00: Session 1: Experience with low-carbon funding in the EU Moderator: Femke De Jong, Carbon Market Watch Introduction: Towards quality and accountable climate finance Urska Trunk, Carbon Market Watch: Fossil fuel subsidies through Europe’s carbon market: experience …

Stakeholder comments regarding ongoing human rights concerns associated with the Barro Blanco Hydroelectric Power Plant Project (CDM Project #3237)

24 April 2016 Dear Mr Buendia, Dear Mr Wolke, We, the April 10 Movement for the Defense of the Tabasará River (M-10), Alianza para la Conservación y el Desarrollo (ACD) and Asociación Ambientalista de Chiriqui (ASAMCHI), are writing to provide stakeholder comments regarding the ongoing human rights concerns associated with the Barro Blanco Hydroelectric Power Plant …

Watch This! NGO Newsletter #14: Barro Blanco – construction nears completion without agreement with affected stakeholders

In February, 2015, the Panamanian government suspended construction of the Barro Blanco hydro dam after recognising the absence of agreement with affected stakeholders. One year later, the suspension has been lifted and the construction is close to completion. However, no dialogue or agreement with the affected local communities is within sight. One year ago, in …

The missing ingredients for successful climate mitigation

During the Paris negotiations in December publication of Carbon Market Watch’s policy brief revealed that long-term success of Nationally Appropriate Mitigation Actions (NAMAs) depends on having clear guidelines on stakeholder consultations, oversight of sustainable development impacts and sector-specific environmental criteria. The strategic plan for the Green Climate Fund (GCF) and the NAMA Facility revision process are crucial opportunities to acknowledge these success factors.

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.