Reform Panel ignores inherent flaws of the CDM (Watch this! #3)

by CMWEU carbon market, Global markets, Land use and forestryPosted on Comments are Disabled

In September, the High-Level Panel on the Clean Development Mechanism (CDM) Policy Dialogue presented its final report with recommendations on how to improve the CDM. Overall, the report fails to address fundamental flaws of the CDM, is strongly based on political opinions and ignores important research. It does however include important recommendations about improving accountability, establishing a grievance mechanism and stresses the importance for the CDM to go beyond offsetting. Nevertheless, decision-makers need to be careful with some of the recommendations of the Panel that simply aim at saving the CDM for its own sake because of the impending collapse of carbon markets.

Press Release: CDM High Level Panel’s recommendations do not deliver

by CMW2050 climate strategies, Human rights in climate action, Land use and forestry, Sustainable developmentPosted on Comments are Disabled

Brussels, 10 Sept, 2012. Today the High-Level Panel for the Clean Development Mechanism (CDM) Policy Dialogue presented its final report with recommendations on how to improve the CDM. The report fails to address some of the fundamental flaws of the CDM, in particular how to address the large oversupply of credits that do not represent …

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Forestry/Land-use projects in the CDM

by CMWLand use and forestryPosted on Comments are Disabled

Scroll down for French and Spanish Problematic CDM Projects to WATCH ON! JK Papermill – Afforestation project, India Plantar – Pig iron project, Brazil View more examples… The CDM currently allows afforestation and reforestation (A/R) activities. These describe the direct conversion of non-forested land to forested land through planting, seeding or human-induced promotion of natural …

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Preview of the Climate Negotiations in Bonn (Newsletter #19)

by CMWGlobal markets, Land use and forestry, Sustainable developmentPosted on Comments are Disabled

The next climate negotiations will take place between 14-25 May in Bonn, Germany. CDM Watch will be there to advocate for environmental and social integrity in carbon markets. Here is a summary of the relevant issues that will be discussed in Bonn. New Market Mechanisms At the climate negotiations in Durban in November 2011 countries …

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Loopholes (Newsletter #18)

by CMWGlobal markets, Land use and forestry, Sustainable developmentPosted on Comments are Disabled

Our recent CDM Watch briefing paper looked at the cumulative impact of loopholes on emission reduction pledges countries have made. Our calculations show that pledges are small enough to fall right through current loopholes. Without swift action, we’re heading off the path of 2 degrees warming and hurtling towards 4 degrees of warming. We like …

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Press Release: Loopholes Undermine Viability of Climate Regime

by CMWGlobal markets, Land use and forestry, Sustainable developmentPosted on No Comments

Durban, South Africa. As countries are negotiating a new global climate regime, a CDM Watch paper released today calls for immediate action to close loopholes in the rules under the current climate regime. The policy brief shows that the flawed rules could easily negate the reduction pledges developed countries have made for 2020 and in the worst case, even undermine a third commitment period.

Press Release: Call to ban CDM projects linked to human rights abuses

by CMWEU carbon market, Global markets, Human rights in climate action, Land use and forestry, Sustainable developmentPosted on No Comments

Brussels. This week the United Nation’s Clean Development Mechanism Executive Board will decide whether to register a controversial carbon offsetting project in Honduras linked to serious human rights abuses. The project has triggered questions on whether credits from carbon offsetting projects that violate human rights should be banned in the European carbon market.

Press Release: Environmental Groups Call for Extension of Industrial Gas Offsets Ban

by CMWEU carbon market, Global markets, Land use and forestry, Sustainable developmentPosted on No Comments

Brussels. Today, the European Commission’s draft Regulation banning the use of credits from industrial gas projects in the EU Emissions Trading Scheme (EU ETS) post-2012 was formally approved. Environmental groups are now calling on EU Member States to extend the ban to sectors not covered by the EU ETS.