On 21 January, EU Member States endorsed the European Commission’s draft Regulation on the restriction of certain industrial gas credits in the EU Emissions Trading Scheme, a milestone in our campaign against the use of HFC-23/N2O AA offsets and a huge victory for the climate. As has been extensively documented by CDM Watch over the …
Read more “Landmark Victory against fake Industrial Gas Offsets (Newsletter #12)”
In December 2011 the European Commission published its long awaited Study on the Integrity of the Clean Development Mechanism. The study summarises the merits of the CDM in five bullet points while allotting five entire pages to its shortcomings. The study also devoted a complete section to assessing demand-side reform measures including use restrictions to …
Read more “Five reasons the EU should not expect the UN to fix the carbon market (Newsletter #18)”
Guest Article by Jens Holm, Member of Parliament (Left Party), Sweden Large-scale World Bank hydro power project, non-additional, far-reaching effects on the local environment, local opposition and no compensation for the affected local community. That is in sum the hydro electric power CDM-project Rampur, Himachal Pradesh, Northern India. The Rampur hydroelectric power project is a …
Read more “Swedish involvement in Indian hydro CDM questioned (Newsletter #18)”
This is an overview of the most important carbon market-related decisions that were taken (or not taken) in Durban. Durban has come and gone. Almost 13,000 people, including delegations from over 190 nations, civil society organisations, environmental NGOs and business representatives met in Durban, South Africa to have their say at the 17th climate negotiations …
WATCH THIS! Issue #4 Durban. The CDM Watch team will keep you up to date on the following: – Don’t waste your time on CCS! – Move the CDM beyond Coal! – CDM Negotiations: EU keep up the good work! – JI: CDM’s naughty little brother
Durban, South Africa. In a crucial move, the UN’s Clean Development Mechanism (CDM) Executive Board yesterday suspended coal power offsetting projects because the rules used to calculate emission reductions cause artificial carbon credits. Pressure on the EU is mounting to call for a ban of these projects at the climate change conference starting next week in Durban.
Brussels. A report published today by the UNFCCC’s expert panel shows that coal power plants that receive climate finance through the Clean Development Mechanism (CDM) may receive millions of artificial carbon credits under current rules.
Additionality is intrinsically difficult to tackle and one of the main reasons why offsetting remains contentious. Recent publications and discussions highlight the fact that very large CDM projects are quite unlikely to be additional. The CDM Executive Board will discuss these additionality concerns during its upcoming meeting in Durban. This article gives you background information …
Read more “Additionality: the trouble with large-scale CDM projects (Newsletter #17)”
At its next meeting, the CDM Executive Board will debate proposed revisions to the HFC-23 methodology and whether to renew the crediting period for the Ulsan HFC-23 project. Shortly after, Parties in Durban will again discuss whether to allow new HCFC-22 facilities in the CDM. We explain why the new methodology is innovative but not …
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