New aviation reports add pressure to address airline emissions

by CMWAviationPosted on Comments are Disabled

The International Civil Aviation Organization (ICAO) is busy developing a new market-based mechanism that will allow it to buy offsets to achieve the goal of limiting emissions to 2020 levels, despite rapid growth in the industry. In parallel, it has standards that aim to increase the fuel efficiency of aircraft. In 2010, ICAO agreed to achieve an annual 2% average fuel efficiency improvement to 2020. However, two new reports (links below) show that this goal is not yet being met, undermining the aviation industry’s need to reduce emissions.

COP21

by CMWClimate finance, Global markets, Sustainable developmentPosted on Comments are Disabled

From 30 November to 11 December 2015, countries met in Paris to flesh out a historic deal to tackle global warming. The Carbon Market Watch team was in Paris to support the negotiations providing independent analysis on key issues and to raise awareness about potential deal breakers. Our advocacy and capacity building activities focused on …

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UN launches new platform to offer stranded CDM carbon offsets

by CMWAviation, Global markets, Sustainable developmentPosted on Comments are Disabled

As part of the climate week in New York, the UN launched the “Go Climate Neutral Now” initiative- a new online platform to purchase carbon offsets generated by its Clean Development Mechanism (CDM). The initiative attempts to boost demand for CDM credits on the voluntary carbon market and for the aviation sector but fails to dodge the sale of bogus carbon offsets.

NAMAs

by CMWClimate financePosted on Comments are Disabled

Nationally Appropriate Mitigation Actions (NAMAs) are a mitigation instrument for developing countries to take part in global efforts towards a long-term sustainable strategy for cutting emissions.

Media Action: EU Energy and Climate Tug of War!

by CMWGlobal marketsPosted on Comments are Disabled

Nature Code with WWF, CAN Europe, Greenpeace, Change Partnership, Transport & Environment, and Friends of the Earth Europe staged an Energy and Climate Tug of War. On the day when EU environment ministers were meeting to sign off their final position before the Paris climate negotiations, NGOs urged EU leaders that a commitment to ambitious …

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Uncertainty over Barro Blanco’s CDM approval

by CMWGlobal markets, Human rights in climate actionPosted on Comments are Disabled

On the first of September tensions in Panama heightened when heavy machinery moved very close to the Ngöbe-Bugle Comarca to complete the highly contested Barro Blanco hydro dam, which is registered under the UN’s Clean Development Mechanism. This was preceded by the forceful eviction of indigenous people camping next to the construction area by the national police. In response to a letter sent by Panamanian civil society groups, the CDM Board has now reminded Panama about its right to withdraw approval for the project, “if it deems appropriate”.

New study adds pressure on UN climate talks to address hot air carbon credits

by CMWEU carbon market, Global marketsPosted on Comments are Disabled

A new study by the Stockholm Environment Institute (SEI) finds that bogus carbon offsets issued under the Kyoto Protocols’ Joint Implementation (JI) offsetting mechanism to date have increased global emissions by 600 million tonnes CO2 to date. The study came timely ahead of the ongoing round of climate talks in Bonn, concluding tomorrow, where countries need to work ensure that the new Paris climate treaty is not undermined, as Kyoto was, by hot air carbon credits.

New policy brief compares accountability mechanisms of the UNFCCC’s climate instruments

by CMWGlobal marketsPosted on Comments are Disabled

As countries are streamlining the negotiating text that is to be adopted in Paris later this year, one key issue is how to ensure that the climate treaty sufficiently incorporates human rights.. A new policy brief released by Carbon Market Watch compares the social and environmental accountability of existing climate finance instruments and underlines the need for strong human rights language in the Paris agreement.