Since carbon markets make it cheaper to reduce emissions, some countries argue that they can take on higher targets if they use carbon markets. But to date this hope has been in vain: carbon markets have not led to higher commitments. On the contrary, mitigation commitments have been woefully inadequate, cap-and-trade systems have been severely oversupplied and offsetting mechanisms have been tarnished by insufficient environmental quality.
Dear delegate, Climate change poses the greatest threat to our continued way of life on this planet. Together, 121 civil society networks and organisations, from 55 countries call on you to show bold political leadership and do everything in your power to agree on an ambitious, legally binding climate Treaty that will limit global warming …
Read more “COP21: Open letter to the delegates of UNFCCC Parties”
Day: Friday, 4 December Venue: Official COP venue, Observer room 1 On 4 December 2015, as part of the COP21 in Paris, Carbon Market Watch together with Both ENDS and Transparency International organized a side event on accountability of results based finance. Programme Eva Filzmoser, Director at Carbon Market Watch, Lessons learnt from the Clean Development Mechanism …
Read more “COP21 SIDE EVENT: Accountability of results based finance- build on the best and learn when things go wrong – 12/4”
A key consideration for the Paris treaty is how to incentivize real additional climate action while avoiding the build-up of “hot air”. The lack of environmental integrity of market mechanisms under the Kyoto Protocol -such as the Joint Implementation- has undermined the viability of this international climate treaty. Similarly, experience with emissions trading systems to date shows that they are severely oversupplied and have accumulated a large amount of hot air permits. How can we avoid the problems of the past and keep hot air out of the Paris climate treaty + the EU’s climate policies?
Scroll down for French and Spanish Future of Nationally Appropriate Mitigation Actions (NAMAs) post 2020 is still unclear. This article shows how they could greatly contribute to support the mitigation and development objectives of developing countries, including by helping to design and implement Intended Nationally Determined Contributions (INDCs). In Paris, countries are to adopt an …
Read more “WATCH THIS! NGO Newsletter #13: How NAMAs CAN add fuel to INDCs”
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.
24 November, 2015 3-4.30pm CET (Brussels) Description: Despite the domestic mitigation targets expressed by most developed countries in their INDCs, some countries, such as the EU, have expressed interest in using carbon markets under the Paris agreement. This event will discuss the potential role of carbon markets post-2020 and will focus on the impact of …
Read more “Webinar – Role of carbon markets under the Paris climate treaty and impact on EU’s climate policies”
The October talks in Bonn had a shaky start after the G77 opposed the Co-Chairs’ minimalist draft text. Other Parties expressed unhappiness at the lack of options and issues they saw as missing. Through Monday, Parties were allowed to bring in, with “surgical precision”, issues they felt essential to include. This process has bolstered Parties’ ownership of the text, but the talk is of coming up with ‘bridging proposals’ rather than reaching actual agreements on sections of the text.
Going into Bonn, the Paris draft treaty text was been successfully shortened down to 20 pages, including the draft agreement and accompanying draft decisions. While this reduction in size is a positive step towards approaching the future climate treaty, some important elements went missing, and this session offers Parties the chance to repair such oversights.
