Scroll down for French and Spanish Over the summer Carbon Market Watch along with our members and new working partner NGOs in Latin America, Africa and India hosted a series of online webinars to discuss the current state of carbon markets around the world and their specific impacts on various regions. The online events were …
The IMO Initial Strategy, the historic 2018 climate deal agreed to by over 100 countries, risks being undermined at negotiations next week – the Intersessional Working Group on Reduction of GHG Emissions from Ships. The three most important principles of the IMO Initial Strategy are: The agreement that the Paris Agreement applies to shipping. Specifically, …
After over a decade of testing carbon pricing schemes, countries should explore lessons learned and start working on a collective implementation of carbon pricing through the Paris agreement. A new report from the International Monetary Fund (IMF) supports price floors for carbon markets and suggests that the Paris agreement should constitute a basis for starting …
Read more “It’s time governments moved together towards strong global pollution pricing”
Dear Vice-President Šefčovič, Commissioner Bulc, Commissioner Arias Cañete EU aviation emissions increased 96% from 1990 to 2016, and are now 3.6% of EU emissions. These emissions are included in the EU 2030 target, and ambitious action is required to ensure the target is achieved. ICAO’s Carbon Offsetting and Reduction Scheme (CORSIA) for International Aviation is …
Read more “Letter: CORSIA & European climate ambition on aviation”
Market negotiations resumed at full speed in Bangkok, with new text being published after only one day of negotiations. Parties are feeling the pressure now that COP24 is looming. We’ve started the session by hearing lists of priorities for items that could not be postponed to 2019 (assuming that not all issues could be resolved …
Read more “The New Article 6: We Know What We Need (ECO: UNFCCC SB48)”
BONN 14 November 2017. A new Columbia Law School report reveals major shortcomings in how the UN aviation body (ICAO) interprets transparency and public participation requirements. The report’s findings come amidst a closed meeting in Montreal that kick-starts the approval of rules for ICAO’s new carbon offsetting scheme. A separate Carbon Market Watch analysis on …
Read more “Obscure aviation climate deal could undermine the Paris Agreement”
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, …
Read more “Visibility Unlimited: Transparency of the new aviation carbon market”
The United Nations climate conferences bring together governments, academics, civil society, media and many others regularly to discuss climate change in the context of the UN Framework Convention. The next meeting takes place 6-17 November in Bonn. At the same time, behind closed doors without public scrutiny, the UN aviation body meets to decide on …
Read more “Time for ICAO to open its climate change black box”
In less than two weeks, Parties will meet again in Bonn at a UN climate conference for another round of negotiations to prepare for the adoption of the rules to implement the Paris climate change agreement. What role will markets have in how the world works to limit global warming to 1.5C? Although observers …
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