Synopsis Recode takes a fresh look at forest carbon; exploring the initiatives currently being developed to reduce emissions with forest resources. While outlining the current market approaches to emission sequestration, Recode addresses some of the drivers of deforestation and various efforts aimed at its containment in developing countries. Recognising the socioeconomic challenges surrounding forests …
NGOs welcome that EDF Trading, one of the top buyers of carbon credits from carbon offsetting projects, distanced itself from the controversial Adani Mundra CDM coal power project. Following a report commissioned by the Indian Ministry of Environment and Forests that found violations and non-compliance with environmental conditions by Adani Group’s Mundra Port, NGOs are now calling on the Indian government to withdraw the CDM approval for the project.
Welcome to the summer edition of our NGO newsletter “Watch This! NGO Voices on Carbon Markets”! It is no secret that the compliance carbon market is not doing well. The current carbon price is not even enough for projects to cover their administration costs, let alone ensuring the running of the project on the basis …
Photo: Euobserver By Adela Putinelu, Policy Assistant, Carbon Market Watch EU policymakers want to take stock of the 2020 climate legislation so as to choose its 2030 targets and feed this into the EU’s pledge for a post Kyoto pact to be decided in 2015 in Paris. The European Commission has released a Green Paper together …
By Andrew Coiley, South Asia Project Coordinator, Carbon Market Watch New figures released by the European Union for its Emissions Trading Scheme (ETS), the world largest emissions trading platform show that quality standards are needed for airlines to stop investments in cheap offset credits that clearly lack environmental integrity. In recent years international aviation has …
View of the city of Hangzhou Photo: Diego Martinez-Schuett By Diego Martinez-Schütt, Policy Officer, Carbon Market Watch On 18 June, the city of Shenzhen launched the first pilot emissions trading system (ETS) in China. Although Shenzhen’s ETS will only cover about 30 million tonnes of CO2, this move marks China’s race towards a national carbon …
Read more “Watching China’s emerging carbon markets (Watch This #6)”
Photo: cc Ron,Ron,Ron By Eva Filzmoser, Director, Carbon Market Watch COP-19 in Warsaw is expected to secure important deliverables in relation to market-based mechanisms. These could take the form of pilot schemes on the NMM and the FVA. Given the considerable disagreement between countries on many of the specifics – not to speak …
Read more “The international carbon market frenzy (Watch This #6)”
Photo: David Blackwell By Eva Filzmoser, Director, Carbon Market Watch This year the underlying rules of the Clean Development Mechanism (CDM) will undergo reform. The negotiations in Bonn did nothing to advance this reform. However, a UNFCCC workshop that also took place during Bonn showed that negotiators finally seem to start listening …
Center for International Environmental Law (CIEL) uses the power of law to protect the environment, promote human rights, and ensure a just and sustainable society. CIEL is a non-profit organization dedicated to advocacy in the global public interest, including through legal counsel, policy research, analysis, education, training and capacity building. By Alyssa Johl, Senior Attorney, CIEL …
Read more “Barro Blanco: A call for CDM reform from those directly affected (Watch This! #6)”
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