“Stopping-the-clock” on emissions from air travel – what’s the buzz? (Newsletter #2)

This year is a crucial one for countries to finally address emissions from international aviation, which is responsible for 4.9% of man-made global warming. The Kyoto Protocol requires Parties to find solutions to mitigate emissions from aviation by working through the International Civil Aviation Organization (ICAO). Since Kyoto however, ICAO has proved to be incapable …

Resuscitating the Clean Development Mechanism (Newsletter #2)

During the 7th Conference of the Parties (COP-7) held in Marrakesh in 2001, Parties to the Kyoto Protocol decided to review the modalities and procedures of the Clean Development Mechanism (CDM) and  agree upon a revised set of rules at COP-19. Although the political decisions taken at COP-18 in Doha ignored the severe quality concerns …

Doha on AAUs: The Future of the Phantom Menace (Newsletter #2)

A real hot issue in Doha at COP18 was how countries would deal with the 13 billion left over emission permits from the first Kyoto commitment period. After tense negotiations, countries decided to restrict how much of this surplus can be used for compliance with emission reduction targets. With the aim to avoid the build-up …

Press Statement: European Parliament’s Environment Committee rejects allowing more offsets for aviation industry

Brussels, 26 February 2013. Today, the European Parliament’s Environment Committee voted in support of the EU Commission’s “Stop-the-Clock” proposal which derogates flights to and from Europe from the EU Emissions Trading Scheme (EU ETS) for one year to give enough time to negotiate a global agreement for addressing emissions from international aviation by autumn 2013. …

Press Statement: Carbon Market Watch view on ‘backloading’ proposal

Brussels, 19 February 2013.  Along with European environmental NGOs Climate Action Network (CAN) Europe, Greenpeace and WWF, Carbon Market Watch welcomes the European Parliament Environment Committee’s support for the proposal to temporarily curb the oversupply of emission allowances in the EU emissions trading scheme (ETS). This ‘backloading’ proposal will go some way to mitigate the …

Future of New Market Mechanisms – Not Yet (COP18 analysis)

Doha was the final session for the negotiation track on long-term cooperative action (LCA), established as part of the Bali Action Plan. Under this track, Parties discussed the details for establishing a new market mechanism (NMM) and a Framework for Various Approaches (FVA), including the use of markets. Framework for Various Approaches (FVA) Doha didn’t …

Forests and Agriculture in Carbon Market Landscapes (COP18 analysis)

Doha did not reach a deal on how to address forests and agriculture within the UNFCCC process. Carbon markets are expected to be a hot topic in the upcoming negotiations under the UNFCCC’s Subsidiary Body for Scientific and Technical Advice (SBSTA) in 2013. Many observers and some countries, like Bolivia, are strongly opposed to including …

Piece of carbon market cake only for KP Parties (COP18 analysis)

In Doha Parties also heatedly discussed which countries should have access to carbon credits from Kyoto Protocol mechanisms (CDM, JI and AAUs). While many developing countries strongly advocated that the use of these mechanisms should remain the privilege of countries which commit to binding targets in the second commitment period, some developed countries that were …