The Green Climate Fund (GCF) board meets from 30 September- 2 October in Cairo, Egypt. Board members are expected to approve 16 funding proposals and accredit 5 new entities that will then be able to distribute funds. The GCF is under pressure to get on with the job of disbursing the 10 billion US dollars […]
Carbon Market Watch Newsroom
A recent study by Stockholm Environment Institute (SEI) looking at credits issued under the UN offsetting measure, the Clean Development Mechanism, warns governments against using them to meet their pledges under the Paris Agreement. In the past, when judging the quality of an offsetting project, most people looked at questions such as: is the methodology […]
Low-carbon transition and digitisation are key priorities for the future of the European industrial sector, says the European Commission in a paper released today. However, current policies are inadequate to achieve a low-carbon future: industry’s greenhouse gas emissions have barely reduced in the last five years and this trend is projected to continue without further […]
In the days of Trump, Irma, Harvey, Talim and Doksuri, it is important to have positive signs that people can also work together, especially on climate change. The tenth anniversary of the International Carbon Action Partnership (ICAP) on 1 September 2017 was one such occasion. One must hope that the gathering gave policymakers renewed ambition […]
California is currently debating the future of its cap and trade program, which will play an important role in reaching its climate goals. The future of the system is controversial, but there have been a couple of important key reform proposals made by members of the California legislature, notably State Sen. Bob Wieckowski (D-Fremont) and Senate President pro Tempore Kevin de León (D-Los Angeles) that build on international experience on carbon markets and aim to ensure that California continues to be at the forefront of climate policy. Two of the most important proposals are for measures to bring prices into the range of what is needed to achieve the goals of the Paris Agreement and exclude offsets from the system.
The US President’s withdrawal from international efforts to fight climate change casts a shadow over the future of climate finance. Some EU countries, cities and states within the US have already stepped forward, but more is needed from countries around the world to fill the gap.
After 20 years of procrastination, shipping sector is finally discussing a strategy to address its emissions that represent almost 3% of global greenhouse gasses. As the UN shipping body meets in London next week, ‘Paris spirit’ is needed to spur action in the sector. Summer 2017 – the UN shipping body, the International Maritime Organization […]
Civil society organisations from 13 European countries have called on their decision makers to boost efforts to reduce emissions from sectors such as transport and agriculture – some of the fastest growing sources of climate warming greenhouse gases in Europe. Following the US president Trump’s decision to withdraw from the Paris Agreement, the negotiations on […]
Despite the political uncertainties around US’ participation in the Paris Agreement, technical negotiations on how to implement the landmark climate deal, including through carbon markets, continued at the UN Climate Conference earlier this month. While delegations underlined continued commitment to the Paris Agreement goals, little progress was made on the Article 6. Disagreements over the […]
Lead EU lawmaker agrees that global aviation deal should not automatically replace Europe’s carbon market
The European Parliament’s negotiator on aviation emissions has proposed to bring international flights back under the EU’s carbon market if the global aviation deal to tackle emissions is deemed insufficient. Ambition in the sector remains low, but the draft report calls for higher auctioning shares, a timely review comparing EU and international aviation policy, and […]