WATCH THIS! NGO Newsletter #11: ”A tour around international financial institutions: activists visit Europe to discuss accountability of climate finance”

Sharing experiences with existing climate mitigation mechanisms, such as the Clean Development Mechanism (CDM) and highlighting the severe impacts on basic human rights these UN mechanisms can have, activists from Africa, Asia and Central America met with financial institutions and policy makers involved in financing these projects. The accountability of climate finance was thereby discussed from a European perspective.

Letter to EU Environment and Transport Ministers on aviation emissions

Dear Minister,
2015 is a key year for global efforts to combat climate change and keep warming under 2ºC. Aviation, which currently accounts for 5% of global warming and is the most carbon intensive and fastest growing transport mode, must play a central role. Its CO2 emissions, approximately equal to those of Germany, are predicted to grow by up to 270% between 2010 and 2050. Its fossil fuel consumption is set to double by 2036, greatly undermining efforts to decarbonise the global economy.

European Parliament Event: ”THE MISSING LINK – Is there a future for other carbon markets joining the EU ETS?”

The number of regions and countries that are putting a price on carbon pollution is vastly increasing. China, for example, announced that it will roll-out a national carbon market from 2016 onwards, South-Korea’s national cap-and-trade system started early 2015 and South Africa will implement a carbon tax from 2016.
The role carbon markets will play in a future climate treaty to be adopted by the end of this year is still unclear. Yet, several countries and regions, such as Japan and the European Union (EU), see an important role for international carbon markets.

The tale of the EU’s overweight climate change fighter

The EU’s carbon market desperately needs to get rid of excess weight if it is to perform as an effective climate change fighting tool in the future. The task of providing a way to do this – for example by permanently cancelling the current oversupply of more than two billions tonnes of CO2 – is now up to the European Commission when presenting its plans to revise the EU’s emissions trading system (ETS) by mid-2015.

Open letter to Mr Stavros Lambrinidis – EU Special Representative for Human Rights

24 February 2015
Subject: Promoting human rights in all climate actions – EU Strategic Framework and Action Plan on Human Rights and Democracy
Dear Mr Lambrinidis, the undersigned organisations urge you to include in the updated EU Strategic Framework and Action Plan on Human Rights and Democracy an objective for the EU to pursue a human rights based approach in all areas of its external action without exception, including climate change related activities. Climate change is a global injustice to present and future generations, and one of the greatest human rights challenges of our time. We are highly concerned about the grave harm that climate change is already causing both in Europe and beyond, and will continue to cause, to people and communities as well as to the environment on which we all depend.

Media Statement: EU’s announcement for Paris climate deal fails to address loopholes that could slash announced target in half

Brussels, 6 March 2015. Today, EU’s environment ministers presented the EU’s contribution to the international climate agreement to be finalized in Paris by the end of the year. Carbon Market Watch criticises the official contribution for the lack of detail and calls on ministers to specify measures that avoid that hot air and emission removals from forests undermine the 40% domestic emissions reduction target.

EU’s plan to link to Swiss carbon market adds pressure to announce an increased climate target

Tomorrow, the EU is expected to announce its climate contributions towards the Paris climate agreement. The expected decision will build on the European Commission’s Road to Paris vision published last week. Hopes are that Ministers take their chances to address a number of critical issues that risk severely undermining the 40% domestic reduction target. They include a clear commitment to increase the 40% target in case of linking the EU’s emissions trading system (EU ETS) with other carbon markets, the way land use emissions are accounted for and the threat the existing surplus of emission allowances pose on the 2030 climate target.

European carbon market reform Must Succeed in Reality

In February members of the European Parliament voted to start the reform of the EU’s carbon market by 2019, and put almost 1.4 billion pollution permits that were due to come back to the market by 2020 directly into the new market stability reserve (MSR). Unfortunately the reform does not provide a structural solution for the lacking environmental effectiveness of the EU ETS, as around 800 million surplus allowances are allowed to flow back to the market again before 2030, diluting the EU’s 2030 target by 3%.

European Commission publishes vision on the Paris Protocol to tackle climate change

Today, the European Commission (EC) has published a first glimpse of the mitigation contributions the EU intends to contribute to the Paris Protocol. The Communication launched today entitled “The Paris Protocol – A blueprint for tackling global climate change beyond 2020” includes a proposal for the EU’s proposed Intended Nationally Determined Contribution (INDCs) prepared in …

Media Advisory: Announcement of EU climate pledge for UN climate deal may undermine 40% domestic climate target by 5%

The EU is expected to sign-off on its official international climate pledge – the so called Intended Nationally Determined Contribution (INDC), with an announcement on 6 March at the next meeting of the EU’s Environment Ministers. This announcement will make the EU the first region to flesh out its pledge following the Lima UNFCCC meeting. …